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Southwest Extends 50,000-Point Credit Card Bonus

Southwest Extends 50,000-Point Credit Card Bonus

The sign-up bonus for Southwest’s Rapid Rewards credit cards was scheduled to expire early this month.  The offer has been extended, but only through March 10.

For the Rapid Rewards Plus card (annual fee: $69), the 50,000-point bonus kicks in after a new cardholder charges $2,000 within three months. With the Rapid Rewards Premier card (annual fee: $99), the spend threshold is also $2,000 within three months, down from $3,000 the last time this promotion was in place.

Other card details:

  • Both cards award two points per $1 on purchases of Southwest tickets and Rapid Rewards hotel and rental car partners; one point per $1 for other charges.
  • Annual percentage rate (APR) is variable — the Prime Rate plus 11.99 percent — currently 15.24 percent.
  • Premier cardholders receive 6,000 bonus points on their anniversary, enough for $100 toward a Wanna Get Away award ticket.
  • Plus cardholders receive 3,000 bonus points on their anniversary.

Deal or No Deal

In Southwest’s program, 50,000 Rapid Rewards points translate into more than $800 toward Wanna Get Away award tickets — probably two free round-trip flights, although the upcoming devaluation will reduce the value of those 50,000 Rapid Rewards points to just over $700.

Still, as credit card sign-up bonuses go, this is a solid one. And as Southwest offers go, it’s as good as it’s ever been, and probably as good as it’ll ever get.

Unless you’re a serial card acquirer — a flipper, who signs up solely for the bonus, and then moves on — the question posed by credit-card bonuses has less to do with the card itself than it does with the program it’s linked to. In this case, the question is: Is Southwest’s Rapid Rewards a program that meets your needs?

If so, this would be a good time to pull the trigger.

Reader Reality Check

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  • John Hill

    Well, I’m flying me and 6 employees to Austin, TX roundtrip on points (most from PHL, but also several other locations across the U.S.). So, yeah, I think this has been a great deal! Did I mention the CP? :)

  • homrrs

    Is the offer still open here in April ’14?
    please email answer to