There are several benefits that come with this Southwest credit card.
After using your Southwest Rapid Rewards® Plus Credit Card for $2,000 on purchases in the first three months, you’ll earn 65,000 bonus points. Since these are worth about $0.015 per point, the bonus should save you almost $1,000. It’s one of the more valuable credit card sign-up bonuses for such an inexpensive credit card.
To make it even better, the bonus points can get you closer to a Southwest Companion Pass. The Companion Pass requires you to earn at least 125,000 points total or take 100 qualifying one-way flights within a calendar year. This card’s sign-up bonus will put you within 60,000 points of that requirement.
The Southwest Rapid Rewards® Plus Credit Card earns:
- 2 points per $1 on Southwest purchases
- 1 point per $1 on all other purchases
Overall, this is a reasonable rewards rate for the annual fee. However, there are other top credit cards that offer more bonus rewards.
3,000 bonus points per year
You’ll get a bonus of 3,000 points each account anniversary year. As mentioned above, each Rapid Rewards® point is worth about $0.015. Using that value, a 3,000-point yearly bonus is worth $45. That wipes out a big chunk of the $69 annual fee for the Southwest Rapid Rewards® Plus Credit Card.
Free one-year DashPass membership
DashPass, the membership service for DoorDash and Caviar, offers a $0 delivery fee and reduced service fees for your eligible orders over $12. This Southwest credit card gets you one year free of DashPass. After that, you’re automatically enrolled in the service at the monthly rate unless you decide to cancel. To get your free year of service, you must activate the benefit by Dec. 31, 2021.
On travel bookings paid for with your Southwest Rapid Rewards® Plus Credit Card, you’ll get:
- Lost luggage reimbursement
- Baggage delay insurance
Eligible purchases made on your Southwest Rapid Rewards® Plus Credit Card get complimentary coverage against damage or theft. This card also offers extended warranty coverage.
View more information: https://www.fool.com/the-ascent/credit-cards/southwest-rapid-rewards-plus-credit-card-review/