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Right now, the three private bank cards from Southwest Airlines every have an elevated welcome bonus that TPG values at $1,125.
The Southwest Rapid Rewards Plus Credit Card, the Southwest Rapid Rewards Premier Credit Card and the Southwest Rapid Rewards Priority Credit Card are providing elevated sign-up bonuses of as much as 75,000 bonus factors for brand new candidates who spend $3,000 on purchases throughout the first three months from account opening. These gives finish on Dec. 5, 2022.
Southwest bank cards proceed to be fan favorites — in no small half as a result of their bonuses signify the quickest method to earn the precious Southwest Companion Pass. So it’s essential to know whether or not you’re eligible.
Remember that incomes Companion Pass would require extra factors beginning in 2023 — 135,000 factors to be actual. However, these with a Southwest bank card will obtain 10,000 bonus factors of their Rapid Rewards account inside 30 days of opening a Southwest bank card (new candidates) or at first of the yr (for present cardholders).
There are three particular guidelines to be careful for when eyeing a Southwest bank card. Here’s what you could know.
Related: The final information to bank card software restrictions
Which Southwest bank cards am I eligible for?
If you are Southwest bank cards, you could have 5 choices to select from — three private and two enterprise. These are the private playing cards:
And listed here are the 2 enterprise bank cards:
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Chase and Southwest have made this course of comparatively easy by treating all private playing cards the identical and enacting two easy guidelines for the enterprise playing cards.
If you need to apply for a private card
You are eligible to take action so long as you abide by the next standards:
- The Chase 5/24 rule: You’ll nearly definitely be rejected for a Southwest bank card for those who’ve opened 5 or extra bank cards (from any financial institution) throughout the previous 24 months — excluding most enterprise playing cards.
- Card “family” restrictions: If you’ve already acquired a Southwest private card, you possibly can’t open one other till you’ve canceled your present card.
- Sign-up bonus guidelines: You can’t open the cardboard for those who’ve earned a sign-up bonus from a Southwest private card throughout the previous 24 months
The essential word right here is that having a Southwest enterprise bank card doesn’t impression your eligibility for private playing cards in any approach.
If you need to apply for a enterprise card
You are eligible to take action so long as you might be below 5/24 and meet the next guidelines:
- You can’t at the moment have that individual bank card.
- You can’t have acquired a bonus on that individual bank card prior to now 24 months.
Applying for private Southwest bank cards has no impression in your eligibility for enterprise playing cards, apart from the truth that it takes up one in all your 5/24 slots. More importantly, having both Southwest enterprise bank card doesn’t have an effect on your eligibility for the opposite Southwest enterprise card.
What is the very best plan to use for Southwest bank cards?
Assuming you could have a 5/24 slot to spare, the very best plan for most individuals could be to use for each Southwest enterprise bank cards. Doing so wouldn’t enhance your 5/24 rely and would hold you eligible to use for a private Southwest card sooner or later. Assuming each purposes are authorised, the mixed sign-up bonuses could be sufficient to qualify for the Southwest Companion Pass.
Related: How to rapidly earn the Southwest Companion Pass
Bottom line
It’s all the time essential to plan your bank card purposes and take note of card and issuer-specific guidelines. While Chase’s resolution to introduce a so-called “family restriction” on the private Southwest playing cards threw a wrench into many individuals’s Companion Pass plans, the identical restriction doesn’t apply to the 2 enterprise playing cards.
Remember, all three Southwest private bank cards are providing an elevated sign-up bonus of 75,000 bonus factors proper now. You can earn these factors after spending $3,000 on purchases inside three months of account opening, and you will be nicely in your method to a Companion Pass. Offers finish Dec. 5, 2022.
Apply right here: Southwest Plus Credit Card
Apply right here: Southwest Premier Credit Card
Apply right here: Southwest Priority Credit Card
Apply right here: Southwest Premier Business Credit Card
Apply right here: Southwest Performance Business Credit Card
Additional reporting by Madison Blancaflor, Joseph Hostetler and Ryan Smith.