Update October 18th, 2011. This promotions is BACK! To get the updated details you can click here. It is a limited time offer, but Chase is not saying for how long.
Depending on your travel habits, this 2 free round trip Southwest credit card promotion ought to give you a reason to smile. If you want points or miles for travel domestically in the United States, then it is going to be hard to beat this offer by Chase.
Southwest Credit Card 50,000 Point Sign Up Bonus Details:
- After your first purchase, you’ll be given 50,000 Rapid Rewards points.
- 1 Point per dollar spent
- 2 Points per dollar spend at Southwest.com
- This card does come with a $99 annual fee (not waived the first year).
- 6,000 points every card membership anniversary
The banner ads by Chase are obviously promoting this as a “Limited Time Offer”. However, Chase has not publically put an end date on this promotion. If you’re interested in the card, it would be better to get it sooner – not later.
A Basic Primer on Earning and Using Points Under the New Rapid Rewards Program
You can get a full introduction to the Rapids Rewards program, but here’s a quick overview.
As far as earning the points, the more expensive your ticket classm the more points you earn.
- Business Select tickets earn 12 points per dollar spent.
- Anytime tickets earn 10 points per dollar spent.
- Wanna Get Away tickets earn 6 points per dollar spent.
While earning is disadvantageous for those who like to buy the cheapest tickets, it is advantageous for those who like to use points to buy the cheapest tickets.
- Business Select tickets cost 120 points per dollar sale price.
- Anytime tickets cost 100 points per dollar sale price.
- Wanna Get Away tickets cost 60 points per dollar sale price.
What’s to LUV about this offer?
This is a great offer if you know how to find cheap fares on Southwest. It is especially advantageous to families who want to use points to book tickets. This is because there are no seat restrictions and blackout dates. If you can buy a seat with cash, you can buy it with points. That can’t be said for many reward programs.
While Chase is promoting 2 free round trips, this promotion could actually get you a lot more than two free round trips. I’ve put together this short sample chart to show that if you’re traveling between cheaper city pairs, you can actually stretch this to more than four round trip tickets.
|Departure City||Arrival City||Best Available Wanna Get Away One Way Points Needed||Total # of One Way Flights you could fly for 50,000 points|
|Houston (Hobby)||Los Angeles (LAX)||9,240||5|
|Denver||Los Angeles (LAX)||5,040||9|
|Baltimore||Portland, Oregon||10,740||4 (&7,040 points left)|
What’s not to LUV about the 50,000 Point Southwest Credit Card?
The annual fee on this card is not waived. While it is more than worth it, it would be nice if the $99 annual fee went bye bye.
If you have too many Chase applications recently, I suggest sitting this one out.
Remember, Southwest only has a few international destinations so your basic earning opportunities will be for domestic US tickets.
General Note Regarding Chase Credit Cards:
If you’ve applied for another Chase credit card in the last 30-45 days, you’ll probably need to sit this out (or see if it is still available after that time period). If it’s been longer between applications then you can probably get approved for another card (depending on the total number of cards you have with Chase).