The Southwest Rapid Rewards® Plus Credit Card is a popular travel rewards card that offers numerous benefits to frequent flyers and casual travelers alike. Issued by Chase, this card is designed to help you earn Rapid Rewards points quickly and efficiently, making your travel experiences more enjoyable and affordable. In this guide, we’ll delve into the essential features, benefits, fees, and the application process for the Southwest Rapid Rewards® Plus Credit Card.
Key Features and Benefits
1. Generous Sign-Up Bonus
One of the most attractive features of the Southwest Rapid Rewards® Plus Credit Card is its generous sign-up bonus. New cardholders can earn a substantial number of Rapid Rewards points after meeting a minimum spending requirement within the first few months of account opening. These bonus points can significantly boost your rewards balance, allowing you to redeem flights, hotel stays, car rentals, and more through Southwest’s extensive network and partners.
Example: Earn 40,000 points after spending $1,000 on purchases in the first 3 months from account opening. (Note: Actual bonus offers may vary; please check the current offer when applying.)
2. Reward Earning Potential
The card offers an excellent points-earning structure that rewards you for both travel and everyday purchases:
- 2 points per $1 spent on Southwest purchases and with Southwest’s hotel and car rental partners.
- 1 point per $1 spent on all other purchases.
This structure makes it easy to accumulate points whether you’re booking a flight or just doing your daily shopping.
3. Anniversary Bonus Points
As a token of appreciation for your loyalty, the card provides anniversary bonus points every year you renew your card membership. This annual bonus helps you keep building your rewards balance effortlessly.
Example: Receive 3,000 bonus points every year on your cardmember anniversary.
4. Travel and Purchase Protections
The Southwest Rapid Rewards® Plus Credit Card comes with several travel and purchase protections to give you peace of mind:
- Baggage Delay Insurance: Reimbursement for essential purchases like toiletries and clothing when your baggage is delayed over a certain period.
- Lost Luggage Reimbursement: Coverage for you and immediate family members if your checked or carry-on bags are damaged or lost by the carrier.
- Extended Warranty Protection: Extends the time period of the U.S. manufacturer’s warranty on eligible purchases made with your card.
- Purchase Protection: Covers new purchases against damage or theft for a limited time after the purchase date.
5. No Foreign Transaction Fees
While some credit cards charge fees for transactions made abroad, the Southwest Rapid Rewards® Plus Credit Card waives foreign transaction fees, making it an excellent companion for international travelers.
6. Access to Southwest Companion Pass
Earning Rapid Rewards points through this card brings you closer to qualifying for the coveted Southwest Companion Pass, which allows you to choose one person to fly with you for free (excluding taxes and fees) every time you purchase or redeem points for a flight.
Fees and Rates
Understanding the fees associated with the card is crucial to maximizing its benefits:
- Annual Fee: The card charges a modest annual fee of $69.
- APR: The variable APR for purchases and balance transfers ranges based on your creditworthiness and the prevailing prime rate.
- Balance Transfer Fee: A fee applies for balance transfers, typically a percentage of the transfer amount.
- Late Payment Fee: Fees may be charged for late or returned payments.
It’s important to review the most current terms and conditions when applying, as rates and fees are subject to change.
How to Apply for the Southwest Rapid Rewards® Plus Credit Card
Applying for the Southwest Rapid Rewards® Plus Credit Card is a straightforward process that can be completed online, over the phone, or in person at a Chase branch. Here’s a step-by-step guide to help you through the application process:
Step 1: Assess Your Eligibility
Before applying, ensure you meet the basic eligibility criteria:
- Age: You must be at least 18 years old (19 in some states).
- Residency: You should have a valid U.S. residential address.
- Credit Score: A good to excellent credit score increases your chances of approval. Typically, a score of 670 or higher is considered favorable.
- Income: You should have a steady source of income to demonstrate your ability to repay the credit extended.
Step 2: Gather Necessary Information
Prepare the following information to streamline your application process:
- Personal Information: Full name, date of birth, Social Security number, and contact details.
- Employment Information: Current employer, occupation, and annual income.
- Financial Information: Details about your existing financial obligations and assets.
Step 3: Submit Your Application
You can apply through one of the following methods:
Online Application
- Visit the Official Website: Go to the Chase credit cards website or the Southwest Airlines website and navigate to the credit cards section.
- Select the Card: Choose the Southwest Rapid Rewards® Plus Credit Card and click on the “Apply Now” button.
- Fill Out the Application Form: Enter all required information accurately and completely.
- Review and Submit: Double-check all entered information and submit your application.
- Receive Decision: In many cases, you’ll receive an instant decision. If additional review is needed, you may be notified via mail or email within a few days.
Phone Application
- Call Customer Service: Dial the Chase credit card application line.
- Provide Information: A representative will guide you through the application process over the phone.
- Receive Decision: You may receive an instant decision or be notified later regarding the status of your application.
In-Person Application
- Visit a Chase Branch: Locate and visit your nearest Chase bank branch.
- Consult with a Banker: Discuss your interest in the card with a banker who will assist you with the application.
- Submit Application: Complete and submit your application with the assistance of the banker.
- Receive Decision: You may get an immediate response or be informed later about your application’s outcome.
Step 4: Upon Approval
If your application is approved:
- Receive Your Card: Your new credit card will arrive via mail within 7-10 business days.
- Activate Your Card: Follow the instructions provided to activate your card.
- Set Up Online Account: Register for an online account to manage your card, track spending, and monitor rewards.
- Start Earning Rewards: Begin using your card for purchases to start earning Rapid Rewards points immediately.
Tips for Maximizing Benefits
- Meet the Sign-Up Bonus Requirement: Plan your spending to ensure you meet the minimum spending requirement within the specified timeframe to earn the sign-up bonus.
- Use for Everyday Purchases: Use your card for regular expenses to accumulate points faster.
- Leverage Partner Offers: Take advantage of Southwest’s partners for additional points earning opportunities.
- Redeem Points Strategically: Utilize points for flights during peak travel times or for longer routes to get the most value.
- Monitor Account Regularly: Keep track of your spending and rewards balance through your online account.
Conclusion
The Southwest Rapid Rewards® Plus Credit Card is a valuable tool for travelers looking to make the most of their spending by earning rewards that translate into free or discounted travel. With its generous sign-up bonus, ongoing rewards, and travel benefits, it offers substantial value for a reasonable annual fee. By understanding its features and strategically using the card, you can enhance your travel experiences and enjoy the perks that come with being a cardholder.
Before applying, ensure that the card aligns with your travel habits and financial goals. Always read the latest terms and conditions to stay informed about any changes in rates, fees, and benefits.
