Chase
Southwest Rapid Rewards Premier Credit Card
Annual Fee
$149
Bonus Value
$688
Min Spend
$1.5K/3mo
Current Welcome Offer
55,000
Rapid Rewards Points — worth ~$688
Spend $1,500 in 3 months
Verified from issuer
Last checked May 14
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What you get
All 1 perks ↓Perks/yr up to
$75
Annual Fee
$149
Covers fee
0.5×
Historical Intelligence
Offer history & timing
Current
55,000
Average
5,500
Tracked High
5,500
Recent changes
2026-05
Chase.com
Highest observed since tracking started: 5,500 (2026-05)
Timing Intelligence
Typical offer
The current offer is in line with the typical range for this card (average: 5,500). No strong signal to wait — it's a reasonable time to apply if this card fits your needs.
Based on 1 tracked changes.Not financial advice. Always verify with issuer.
Intelligence
Decision guide
Offer Score
Solid
Est. +$1,001 net first-year value
Timing
Typical offer
The current offer is in line with the typical range for this card (average: 5,500). No strong signal to wait — it's a reasonable time to apply if this card fits your needs.
Verified from issuer · May 14
Ecosystem
Southwest Rapid Rewards
Rapid Rewards for Southwest flights. Companion Pass is one of the best values in travel rewards.
Value
First-year value estimate
Conservative
+$751
65% benefit utilization, minimal travel redemptions
Realistic
+$1,001
85% benefit utilization, occasional transfer partner redemptions
Optimized
+$1,243
100% utilization, premium transfer partner redemptions
Keeper Value (Year 2+)
After the signup bonus — is it worth keeping?
+$341/yr
Based on avg US annual spend of $24,120 · Year 1 includes signup bonus. Illustrative — actual value varies by spending habits and redemption strategy.
Benefits & Transfer Partners
Benefits
Card perks & credits
Up to $75/yr in benefits
🎁other
6,000 Anniversary Bonus Points
$75/yr
6,000 bonus Rapid Rewards points on each account anniversary (~$75 at 1.25 cpp).
Live Data
Verified issuer data
Last verified: May 14, 2026
medium confidenceEstimated Net Annual Value
$-44
after annual fee
Transfer Partners
Airlines (1)
Data sourced from issuer page via automated extraction. Verify current offers directly with creditcards.chase.com.
Approval & Best For
Fit assessment
Best For / Not Best For
Best For
- Frequent flyers with a preferred airline wanting companion benefits
Not Best For
- People seeking a no-annual-fee option with similar rewards
- Those who prefer straightforward cash back over points/miles redemptions
Current Offer Status
Offer status
55,000 Rapid Rewards Points
Last verified
May 12, 2026
Annual fee
$149/year
Compare & Alternatives
Compare with
Popular side-by-side comparisons.
Alternatives
Compare with similar cards
Alternatives
Consider these cards instead
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United Explorer
Step-up option with more premium benefits for heavy travelers.
$150/yr
80,000 pts
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United Quest
Step-up option with more premium benefits for heavy travelers.
$250/yr
90,000 pts
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SW Priority
Step-up option with more premium benefits for heavy travelers.
$229/yr
75,000 pts
View review
FAQ
Frequently asked questions
What's the current Southwest Premier welcome bonus?
55,000 Rapid Rewards Points after spending $1,500 in the first 3 months. Welcome bonus offers change frequently — the value shown on this page is updated against the issuer's published offer. For the live offer, click through to the apply page; the bonus is confirmed at approval time, not click time.
Is the Southwest Premier worth the $149 annual fee?
For first-year cardholders the answer is usually yes — the welcome bonus (~$688 estimated cash value) plus tracked statement credits typically cover the $149 fee several times over. After year one, the math depends on whether you actually use the recurring credits and category multipliers. Run your real spending through our Annual Fee Calculator before deciding to renew.
Does Chase's 5/24 rule apply to Southwest Premier?
Yes. Southwest Premier is issued by Chase, so the 5/24 rule applies: if you've opened 5 or more personal credit cards from any issuer in the last 24 months, Chase will likely auto-deny your application regardless of credit score. Check your 5/24 status before applying. Business cards from Amex, Cap One and the Chase Ink line don't usually count toward your 5/24.
What credit score do I need for Southwest Premier?
Realistic target: 690+ FICO. Issuers don't publish hard cutoffs, but data points from approval/denial reports suggest 690+ is the floor for reliable approval on cards in Southwest Premier's tier. Income, debt-to-income ratio, and existing relationship with Chase also matter — use our Approval Predictor for a more personalized estimate.
Editorial guides
More on Southwest Premier and Chase
Southwest Rapid Rewards: The Complete 2026 Program Guide
Why Southwest Rapid Rewards is the only US airline program with fixed-value point redemptions + the Companion Pass — Chase UR 1:1 transfer access, 2-card welcome-bonus stack for fast Companion Pass qualification.
Read
Best Credit Cards for Family Vacations in 2026
The 5 cards that maximize family-vacation value in 2026 — Southwest Companion Pass, Hyatt family suites, Chase UR foundation, Hilton Aspire premium picks.
Read
How My Family Went to Hawaii for $1,500
A full week in Hawaii for a family of four. Two islands. $15K retail. We paid $1,500. The unvarnished case study — every card, every booking, every number.
Read
Why trust this review
- Independent research. CreditPoints is not paid by issuers to rank cards. All scores are algorithmic, based on public offer data, benefit valuations, and issuer rules.
- Regular verification. Offer amounts, spend requirements, and benefit values are checked against issuer pages via automated monitoring and manual audit.
- Transparent methodology. Every value estimate uses disclosed assumptions. Read our full scoring methodology.
Editorial note: CreditPoints may earn a commission when you apply through some of the links on this page. The first-year value math, transfer-partner analysis and approval signals on this card review are algorithmic and identical for all readers. We never accept payment to change ordering.
Southwest Rapid Rewards Premier Credit Card
Current offer: 55,000 Rapid — worth ~$688
Apply via ReferralChase's secure site · No data stored · Commission may apply
Offers are based on publicly available information and are subject to change without notice. Estimated values are illustrative. Not affiliated with or endorsed by any card issuer.
Southwest Premier
55,000 Rapid offer