UPDATE: This offer has expired.
Southwest recently announced an extremely unique offer for all three of their personal co-branded credit cards. All three cards have the exact same offer where you’ll receive the Southwest Companion Pass plus 30,000 bonus points after spending $4,000 on the card within the first three months. If you are interested in earning the amazing Southwest Companion Pass and if applying for the card is the only way you’ll be able to get it, then this is an awesome offer! You’ll earn the pass through December 31, 2019 and it will allow another passenger to fly with you an unlimited number of times throughout the year for free. Yes, you heard that right—use the pass as many times as you’d like and only pay minimal taxes/fees (domestic flights cost just $5.60 per one way flight). Or, go all in and attempt to earn the pass for 2 years! I promise you, there is absolutely no catch to this offer. It is as good as it sounds! Now since all three cards are offering the exact same offer, which card is the right card for you?
Comparing the Southwest Credit Cards
Although you’ll earn the same number of points on every single purchase, the main difference is the annual fee, the bonus points you receive upon account renewal, and any travel credits that you’ll receive with the card.
If you are looking at just year 1 of being a cardmember, you’ll see that the Southwest Rapid Rewards Plus Credit Card will give the best value during the year. This is taking into the bonus points that you receive from the welcome offer (valued at about $450) and then subtracting the annual fee. You are $5 ahead of the value you’d receive with the Southwest Rapid Rewards Priority Credit Card.
If you look past year 1, you’ll see that the Southwest Rapid Rewards Priority Credit Card is actually the best value card. While this card has the highest annual fee, the $75 travel credit and 7,500 annual bonus points more than make up for the annual fee. Actually, this is the only card where you can actually come out ahead. With both the Southwest Rapid Rewards Premier Credit Card and Southwest Rapid Rewards Plus Credit Card you’ll be at a slight loss on a yearly basis. Remember, the $75 credit can be used on a Southwest flight, so I think of this as straight up cash.