All three of the consumer Southwest Airlines credit cards are now offering increased welcome offers of 40,000 Rapid Rewards points + a $400 statement credit after making $3K in purchases within the first 3 months. These increased offers are currently only available via referral (which is what we have linked to in our Best Offers page).
While these offers gives 10,000 less points than the 50K public offer, the $400 statement credit more than makes up for that difference, giving this offer a first year value of ~$200 more than the 50K version. Also, since referral links are showing these offers, folks that can refer a member of their household will get another 25K points to sweeten the pot.
The Offers & Key Card Details
| Card Offer and Details |
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 ⓘ $1129 1st Yr Value EstimateClick to learn about first year value estimates 100K points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 100K points after $4K spend in the first 5 months.$99 Annual Fee After clicking through, be sure to manually select the exact Southwest card in which you are interested. This card is subject to Chase's 5/24 rule (click here for details). FM Mini Review: This card can be great for its new cardmember bonus, but its ongoing perks are worth the annual fee only if fully used each year. Earning rate: 2X local transit and commuting, including rideshare ✦ 2X internet, cable, phone services, and select streaming (ends 12/31/25) ✦ 2X gas station and grocery (up to $5K in purchases combined per year) ✦ 2X Southwest Card Info: Visa Signature or Platinum issued by Chase. This card has no foreign currency conversion fees. Big spend bonus: If you earn 135,000 points in one calendar year, you'll get a companion pass good for the rest of that calendar year and all of the next year. Noteworthy perks: 3000 bonus points each year upon card renewal ✦ 10,000 Companion Pass qualifying points each year ✦ First bag free for cardholder and up to 8 companions ✦ Receive a 10% promo code each year on cardmember anniversary (Excludes Basic fare) ✦ Complimentary Instacart+ for 3 months (must activate by 12/31/27) ✦ $10 monthly Instacart credit ✦ 2 EarlyBird Check-Ins each year (ends 12/31/25) ✦ Available for flights from 1/27/26 onward: ✦ Group 5 boarding ✦ Standard seat selection up to 48 hours pre-departure (if available) |
| Card Offer and Details |
|---|
 ⓘ $1079 1st Yr Value EstimateClick to learn about first year value estimates 100K points ⓘFriend-ReferralThis is a friend-referral offer. A member of the Frequent Miler community may earn a referral bonus if you are approved for this offer 100K points after $4K spend in the first 5 months.$149 Annual Fee This card is known to be subject to Chase's 5/24 rule. Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Earning rate: 3X Southwest ✦ 2X restaurants and grocery (up to $8K in purchases combined per year) ✦ 2X Rapid Rewards(R) hotel and car rental partners (ends 12/31/25) ✦ 2X local transit and rideshare (ends 12/31/25) ✦ 2X internet, cable, phone services, and select streaming (ends 12/31/25) ✦ 1X on all other purchases. Card Info: Visa Signature or Platinum issued by Chase. This card has no foreign currency conversion fees. Big spend bonus: If you earn 135,000 points in one calendar year, you'll get a companion pass good for the rest of that calendar year and all of the next year ✦ Earn 1,500 TQPs for each $5K in purchases Noteworthy perks: 6000 bonus points each year upon card renewal ✦ 10,000 Companion Pass qualifying points each year ✦ First bag free for cardholder and up to 8 companions ✦ Receive a 15% promo code each year on cardmember anniversary (Excludes Basic fare) ✦ Complimentary Instacart+ for 3 months (must activate by 12/31/27) ✦ $10 monthly Instacart credit ✦ 2 EarlyBird Check-Ins each year (ends 12/31/25) ✦ Available for flights from 1/27/26 onward: ✦ Group 5 boarding ✦ Standard or Preferred seat selection up to 48 hours pre-departure (if available) |
| Card Offer and Details |
|---|
 ⓘ $999 1st Yr Value EstimateClick to learn about first year value estimates 100K points ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 100K points after $4K spend in the first 5 months.$229 Annual Fee This card is known to be subject to Chase's 5/24 rule. FM Mini Review: Great for frequent Southwest flyers - this card could easily be a long-term keeper. Earning rate: 4X Southwest ✦ 2X gas & dining ✦ 2X local transit and rideshare (ends 12/31/25) ✦ 2X internet, cable, phone services, and select streaming (ends 12/31/25) ✦ 1X on all other purchases. Card Info: Visa Signature or Platinum issued by Chase. This card has no foreign currency conversion fees. Big spend bonus: If you earn 135,000 points in one calendar year, you'll get a companion pass good for the rest of that calendar year and all of the next year ✦ Earn 2,500 TQPs for each $5K in purchases Noteworthy perks: 7500 bonus points each year upon card renewal ✦ 10,000 Companion Pass qualifying points each year ✦ First bag free for cardholder and up to 8 companions ✦ Complimentary Instacart+ for 3 months (must activate by 12/31/27) ✦ $10 monthly Instacart credit ✦ Four upgraded boardings (when available) every year (ends 12/31/25) ✦ Available for flights from 1/27/26 onward: Group 5 boarding ✦ Preferred seat selection at booking (if available) ✦ Extra legroom upgrades up to 48 hours pre-departure (if available) |
Quick Thoughts
Southwest Rapid Rewards points are worth 1.4 cents each according to our most recent Reasonable Redemption Values. That means that each of these bonuses should easily be worth more than $500 worth of flights + $400 in cash, regardless of which card you choose. That’s a good return on only $3,000 spend. Southwest points are nice to have as well, both for the flexibility of award bookings and because it continues to be a useful airline to trigger those pesky Amex incidental fee credits.
Although these offers aren’t noteworthy simply from a points perspective, they may still helpful for those shooting for a 2025 companion pass. In order to get one (as a SW cardholder), you need to earn 125,000 qualifying points in a calendar year…this includes credit card welcome bonuses and points earned from card spending, so 43K would get you a little over 1/3 of the way there.
A couple of things to keep in mind:
- This card is subject to the Chase 5/24 rule. If you have opened 5 or more new consumer card accounts in the past 24 months, you most likely not be eligible.
- You are not eligible for a new Southwest consumer card bonus if you currently have a Southwest consumer card or have earned a new welcome bonus on one in the past 24 months. You still can get 1 Southwest consumer bonus and 1 Southwest business card bonus, combining points from both towards a Southwest Companion Pass.
Which card is best?
We generally like the Priority card the best, especially for a frequent Southwest flyer. Cardholders receive 7,500 points on each anniversary (easily worth $100) and a $75 Southwest Airlines credit, effectively offsetting annual fee. It also offers reimbursement for four A1-A15 boarding positions each year and 25% off inflight drinks and wifi.
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