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Chase · credit
Last updated
Is the Southwest Premier worth keeping when the fee hits?
Welcome offer — Offer varies — typically 50,000 points after $1,000 spend in 3 months Estimated by source
Portal caveat — Chase Travel averages ~5.94% above booking direct; portal redemptions are worth less than the headline rate.
Apply on Chase's siteOfficial issuer page (not an affiliate link yet) · how we earn
Typically needs good credit (670–739) — guideline, not a guarantee · Set your credit profile
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What this card delivers across six value dimensions (0–100, normalized).
| 3× | Southwest purchases Inferred by source |
|---|---|
| 2× | Grocery & dining (first $8,000/yr combined) Inferred by source |
| 1× | Everything else Inferred by source |
No lounge access.
| 6,000 anniversary points | Each cardmember anniversary Inferred by source |
|---|---|
| First checked bag free | Southwest cardholder benefit, for you and companions on the same reservation Inferred by source |
| Tier qualifying points | 1,500 TQPs per $5,000 spent toward A-List status; 25% back on inflight purchases Inferred by source |
| Baggage | Lost luggage reimbursement Estimated by source |
|---|
Using Southwest Premier at an ATM is a cash advance, not a normal purchase — it costs a fee, starts charging interest the same day (no grace period), and earns no rewards.
| Cash advance fee | Either $10 or 5% of each transaction, whichever is greater Inferred by source |
|---|---|
| Cash advance APR | 29.99% variable Inferred by source |
| Foreign ATM | Cash advance with no foreign transaction fee — but the ATM operator may add its own surcharge. |
ATM operator surcharges are set by the machine, not the card. To avoid all of this, use a debit card or cash for ATM withdrawals.
*Realized/net assume full use of non-spend-gated credits — an upper bound. Personalize it
The Southwest® Rapid Rewards® Premier Credit Card has a $149 annual fee.
Using its non-spend-gated credits fully, the Southwest® Rapid Rewards® Premier Credit Card returns about $0 in value against its $149 annual fee — a net of −$149 per year. It only makes sense if you value its perks beyond the listed credits.
The Southwest® Rapid Rewards® Premier Credit Card earns 3x on southwest purchases, 2x on grocery & dining (first $8,000/yr combined), 1x on everything else.
No — the Southwest® Rapid Rewards® Premier Credit Card does not include airport lounge access.
No — the Southwest® Rapid Rewards® Premier Credit Card has no foreign transaction fee, so it's a good card to use abroad.
Offer varies — typically 50,000 points after $1,000 spend in 3 months. Welcome offers change frequently — confirm the current one on the issuer's page before applying.