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Chase Southwest Premier Card evaluation


Signing up for bank cards by accomplice hyperlinks earns us a fee. Phrases apply to the provides listed on this web page. Right here’s our full promoting coverage.

Signing up for bank cards by accomplice hyperlinks earns us a fee. Phrases apply to the provides listed on this web page. Right here’s our full promoting coverage.

For those who fly Southwest typically, or if Southwest serves your private home airport, you’ll get large quantities of journey from the Southwest Speedy Rewards® Premier Credit score Card. It's acquired a candy elevated welcome bonus, and even comes with stable ongoing advantages like 6,000 factors each cardmember anniversary, journey insurance coverage and extra. It's actually probably the greatest Southwest bank cards accessible.

You possibly can apply for the Chase Southwest Premier card right here.

Most significantly, the Chase Southwest Premier is an enormous increase should you're attempting to earn the very best deal in journey, the Southwest Companion Go. I'll present you why.

Southwest Premier card evaluation: You can fly to Costa Rica for practically free by utilizing Southwest factors from the welcome bonus. (Picture by William Berry / Shutterstock)

Who is that this card for?

First, we suggest you don’t apply for journey playing cards except your credit score rating is 700 or above.

The Chase Southwest Premier card can be topic to Chase’s strict software coverage, referred to as the Chase 5/24 rule. Chase gained't approve you for many of their playing cards should you've opened 5 or extra playing cards from any financial institution (not counting Chase enterprise playing cards and sure different enterprise playing cards) up to now 24 months. If that is you, wait till you fall beneath 5 playing cards in 24 months.

One other necessary observe is that it’s now not doable to have a couple of private Southwest card on the similar time.

Present bonus

With the Chase Southwest Premier, you’ll be able to earn 40,000 Southwest factors after spending $ 1,000 on purchases inside first three months of account opening.

Southwest factors worth is round 1.5 cents every (primarily based on our valuations), so this 40,000 level bonus is price $ 600 in Southwest journey. And people factors will rely towards the factors wanted to earn the holy grail of journey, the Southwest Companion Go.

With the Companion Go, you’ll be able to deliver a companion with you on any Southwest flight for practically free (you’ll solely be charged taxes, which is normally ~ $ 11 for round-trip flights within the U.S.). This can be a nice strategy to get pleasure from extra journey with your loved ones and associates.

You’ll have to earn 125,000 Southwest factors in a calendar yr to earn a Companion Go, which equates to a variety of flying (or spending). However probably the greatest perks of the Chase Southwest Premier card is that every one factors earned with this card rely towards your Companion Go, together with the sign-up bonus. This makes it one of many best strategies for incomes the Companion Go.

After you earn it, you’ll be able to benefit from the Companion Go for the rest of the calendar yr that you just earn it in, plus the following yr. So should you earned it tomorrow, you may deliver a journey buddy free of charge by December 2021.

Advantages and perks of the Chase Southwest Premier

Bonus 6,000 Southwest factors every year

Chase Southwest Premier cardholders earn 6,000 bonus factors every year on their cardmember anniversary. These factors haven’t any minimal spending requirement; you merely get them every year you renew your card (i.e., pay the annual price).

With a median worth of ~ 1.5 cents per Southwest level, this bonus is price ~ $ 90 per yr in journey on Southwest.

Automotive rental insurance coverage

Since this card is designed for folk who wish to journey, it’s nice to see an entire host of various journey advantages additionally supplied by the Chase Southwest Premier.

Whenever you ebook a rental automobile with this bank card, you’ll have the safety of automobile rental insurance coverage in opposition to injury resulting from collision and theft. This protection is secondary to your major insurance coverage. In different phrases, when you’ve got auto insurance coverage, this can solely cowl what your private insurance coverage doesn’t.

Baggage delay insurance coverage

In case your luggage arrive at your vacation spot six or extra hours after you, you then and your fast household are eligible for luggage delay compensation. You possibly can obtain as much as $ 100 per day (most three days), however you have to cost at the very least a part of your airfare to your Chase Southwest Premier to be coated.

Misplaced baggage insurance coverage

In case your baggage is misplaced by the airline, you and your fast household are coated for as much as $ 3,000 per passenger. This protection protects each your checked baggage and carry-on baggage that’s broken because of service negligence.

Journey accident insurance coverage

Whenever you pay on your air, bus, practice or cruise transportation along with your card, you might be eligible to obtain as much as $ 500,000 in journey accident insurance coverage. Examples of coated tragedies are:

  • Lack of speech and listening to
  • Lack of sight
  • Lack of arms or ft

Prolonged guarantee safety

It may be good to make use of this card for on a regular basis purchases. Not solely will you earn Southwest factors on all purchases however it’s also possible to get pleasure from purchase-protection advantages. That is particularly helpful when shopping for electronics and home equipment.

With prolonged guarantee safety, you'll obtain a further yr on eligible U.S. producer’s warranties of three years or much less. And also you're coated for a most of $ 10,000 per declare and $ 50,000 per account. So should you use your Chase Southwest Premier to buy a TV that comes with a one-year guarantee, the cardboard will prolong your guarantee to a complete of two years. That's a reasonably whole lot, and it doesn't value you something additional. Simply be sure you use this card on your buy.

That is particularly cool since many issues now are coming with producer warranties of solely 90 days.

Insurance coverage in opposition to injury and theft

As a further buy safety, any eligible new purchases along with your card are protected for 120 days in opposition to injury and theft. This is applicable as much as $ 500 per declare and $ 50,000 per account.

You possibly can learn our put up devoted to Chase Southwest Premier advantages and perks for full particulars.

earn factors with the Chase Southwest Premier

Right here’s the right way to earn Southwest factors with this card:

  • 2 Southwest factors per greenback on Southwest Airways purchases
  • 1 Southwest level per greenback on each different buy

Southwest award costs are primarily based on the money worth of the ticket. Which means no blackout dates; you’ll be able to reserve an award flight so long as there’s a seat for buy. To make use of your factors, be sure you've chosen the “Factors” field within the prime proper of the Southwest web site. “Wanna get away" fares are the largest bang on your factors.

Southwest has an insanely beneficiant cancellation coverage. If it’s good to change a Southwest flight you reserved with both factors or cash, you’ll be able to modify it for zero charges with Southwest, and if it’s good to cancel, the factors or cash you spent on the flight shall be deposited into your Southwest account for future use.

You’ll all the time get two free checked luggage and free cancellations and modifications with any fare.

Is the annual price price it?

The cardboard’s annual price is $ 99 and is utilized throughout your first billing assertion.

This card doesn’t supply the top-tier advantages that lots of the finest bank cards for journey have, however I discover that the continuing perks are similar to what you discover on different airline bank cards. For those who fly Southwest quite a bit you may get an ideal worth from the 2 Southwest factors per greenback on paid tickets, however you’ll be able to accomplish the identical incomes charge with the Chase Sapphire Most popular® Card (which everybody ought to have). That's as a result of you’ll be able to switch Chase Final Rewards factors from playing cards just like the Chase Sapphire Most popular to Southwest at a 1: 1 ratio.

Since you’ll obtain 6,000 factors each cardmember anniversary (price about $ 90 in worth for Southwest flights), you’re offsetting practically the entire annual price. For those who’ll use any of the opposite advantages, the Chase Southwest Premier is definitely worth the annual price.

Insider secret

It's true that you just can not have a couple of private Southwest card without delay. Nevertheless, you can maintain a enterprise and a private card without delay. In reality, incomes each card bonuses would practically qualify you for a Southwest Companion Go! That you must earn 125,000 qualifying Southwest factors in a calendar yr to obtain it. For those who're out there for a Companion Go, this is likely one of the finest airline bank cards for you.

Backside line

The Chase Southwest Premier comes with a welcome bonus of 40,000 Southwest factors after assembly the minimal spending necessities. For those who fly Southwest, you'll haven’t any hassle getting nice worth from this card. With the Southwest Companion Go, a good friend or member of the family flies with you for practically free on paid and award tickets. For those who profit from it you may save a whole lot (if not 1000’s) of {dollars} in airfare.

You possibly can apply for the Chase Southwest Premier card right here.

For the most recent ideas and methods on touring massive with out spending a fortune, please subscribe to the Million Mile Secrets and techniques each day e mail publication,

Editorial observe: We're the Million Mile Secrets and techniques group. And we're pleased with our content material, opinions and evaluation, and of our reader's feedback. These haven’t been reviewed, permitted or endorsed by any of the airways, resorts, or bank card issuers which we frequently write about. And that's simply how we prefer it! 🙂

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