Southwest Fast Rewards® Precedence Credit score Card Evaluation (2024.11 Replace: 40k+$400 Provide)

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2024.11 Replace: The brand new provide is 40k+$400. Provide ends on 2024.10.09. This one is inferior to the earlier 85k provide.

2024.10 Replace: The upper provide is expired. At the moment there’s solely a 50k provide.

2024.9 Replace: The 85k provide comes again. Provide ends on 2024.10.09.

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Advantages

1. 40k+$400 provide: earn 40,000 Southwest Miles and $400 assertion credit score after spending $3,000 on purchases within the first 4 months. The current greatest provide is 85k.
2. We worth Southwest Miles at 1.3 cents/level (Airline Miles Worth), so the 85k highest provide is value about $1,105. See A Newbie’s Information to Southwest Miles for particulars about Southwest Miles.
3. Earn 3x miles per greenback spent on Southwest Airways. Earn 2x miles per greenback on native transit and commuting (together with rideshare), Web, cable, telephone companies, and choose streaming, and Fast Rewards resort and automotive rental companion. Earn 1x mile per greenback spent on all different purchases.
4. After annually anniversary and pay the annual charge, you’ll be credited 7.5k Southwest miles.
5. $75 Southwest annual journey credit score (card membership yr).
6. 4 Upgraded Boardings per yr when out there (card membership yr). The Upgraded Boardings are normally bought within the airport, and the value is $30~$50. The Upgraded Boardings are very helpful for Southwest Airways, as a result of not like different airways, in Southwest Airways whoever get in flight first can select any seat he/she needs.
7. 25% again on in-flight purchases.
8. Earn 1,500 TQPs (tier qualifying factors, helpful in direction of A-Listing standing, however not helpful in direction of companion cross) for each $10,000 spent.
9. No overseas transaction charge.
10. In the event you earn 125k Southwest miles in a yr, you get the Southwest companion cross certificates which is legitimate till the top of subsequent calendar yr!

Disadvantages

1. Annual charge $149, NOT waived first yr.
2. Southwest doesn’t have airways companions, so the miles can solely be redeemed for Southwest Airways itself. Southwest can solely fly to the US and a few central America and Caribbean nations, no additional worldwide routes.

Beneficial Utility Time

1. [5/24 Rule] You probably have 5 or extra new accounts opened up to now 24 months, Chase won’t approve your utility on this card, irrespective of how excessive your credit score rating is. The variety of new accounts consists of all bank card accounts, not solely Chase accounts. See this submit for particulars about tips on how to presumably bypass this rule.
2. This product is offered to you for those who do not need any Southwest private bank card and haven’t acquired a brand new cardmember bonus for any Southwest private bank card up to now 24 months. Notice that what issues right here is the time you bought the sign-up bonus, not the time you open the account or shut the account.
3. Don’t apply for greater than 2 Chase bank cards inside 30 days, or it’s extremely doubtless that you’ll get rejected.
4. We advocate you to use for this card after you may have a credit score historical past for greater than a yr.

Abstract

The 85k highest sign-up bonus is nice. In the event you apply for a private Southwest card and a enterprise Southwest card, each when have the best sign-up bonus, then you’ll earn greater than 125k Southwest miles in complete, which is greater than sufficient to get you a Companion Go (Notice which you could’t get two private Southwest playing cards on the identical time now). The very best timing to get it’s the starting of a calendar yr, as a result of will probably be legitimate till the top of subsequent calendar yr!

Now you may solely select one Chase Southwest private card from the three. In the event you don’t fly Southwest often, and also you simply need the sign-up bonus, then the Chase Southwest Plus card with the bottom annual charge is probably the most appropriate for you. In the event you fly Southwest often, then the Chase Southwest Precedence with extra advantages is healthier.

The worth for maintaining this card is nice: $75 Southwest credit score plus the worth of seven.5k Southwest miles are greater than the $149 annual charge already. The 4 Upgraded Boardings per yr can also be very helpful for frequent Southwest flyers, as a result of not like different airways, in Southwest Airways whoever get in flight first can select any seat he/she needs.

Associated Credit score Playing cards

The present phrases mainly pressure you to decide on just one private Southwest bank card among the many three. However you may have each private and enterprise playing cards.

Beneficial Downgrade Choices

• You can’t downgrade this card to any card with no annual charge, so I recommend you shut it if you don’t wish to preserve it any longer.

After Making use of

• Name 800-436-7927 to test Chase utility standing. That is an automatic phone line, and the knowledge has the next meanings: Obtain determination in 2 weeks means your utility might be accepted; Obtain determination in 7-10 days means your utility might be rejected; Obtain determination in 30 days merely means your utility requires additional assessment and there’s nothing to let you know for now.
• Chase reconsideration backdoor quantity: 888-270-2127 or 888-609-7805. Name it for those who didn’t get approve instantly. Your private data can be acquired and they’ll then assessment it. You seldom reply questions, as an alternative, simply benefit from the music and then you definately get accepted or rejected, or additional data is required to be hand in to the department or faxed.

Historic Gives Chart

Notice: Typically there may be 50k+50k provide on this card. However the spending requirement for the latter 50k is big, so we don’t deal with them as sign-up bonus, we deal with them as spending bonus as an alternative.

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