Southwest Fast Rewards Plus Credit score Card Assessment

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The Southwest Fast Rewards® Plus Credit score Card is one in all a number of co-branded bank cards that make it straightforward for shoppers to earn Southwest Fast Rewards factors that they will put towards complimentary flights, lodge stays, automobile leases, trip packages and different travel-related actions.

With the Southwest Fast Rewards Plus card, you’ll be able to earn bonus factors on a number of spending classes, have peace of thoughts with included journey insurance coverage and revel in perks like EarlyBird check-in and DoorDash DashPass, all for a low annual payment.

Beneath, Choose breaks down the rewards, advantages and costs related to the Southwest Fast Rewards Plus bank card that can assist you determine if it is proper to your wants.

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Southwest Fast Rewards Plus bank card evaluate

Southwest Fast Rewards® Plus Credit score Card

  • Rewards

    Earn 2X factors on Southwest® purchases, 2X factors on native transit and commuting, together with rideshare; 2X factors on web, cable, telephone companies, and choose streaming; 1X factors on all different purchases

  • Welcome bonus

    Earn 40,000 bonus factors after spending $1,000 on purchases within the first 3 months your account is open.

  • Annual payment

  • Intro APR

  • Common APR

    15.99% to 22.99% variable

  • Stability switch payment

  • Overseas transaction charges

  • Credit score wanted

Professionals

  • Modest annual payment
  • Beneficiant welcome bonus can be utilized towards Southwest Companion Go
  • 2 Early Chook Examine-In® annually

Cons

  • 3% payment charged on international transactions
  • No introductory 0% APR interval

Welcome bonus

The welcome bonus for the Southwest Fast Rewards® Plus Credit score Card is at present 40,000 factors after you spend $1,000 throughout the first three months of your account opening, which is a reasonably cheap spending threshold to hit.

Understand that this bonus is not out there to everybody. You should not at present have a private Southwest Fast Rewards bank card and you will need to not have obtained a welcome bonus throughout the final 24 months. Nevertheless, this stipulation would not apply to Southwest enterprise bank cards.

Even at a modest 1 cent per level worth, the welcome bonus is price $400, which represents a 40% return on spending when you hit the $1,000 threshold mark, and is a superb worth in the event you’re simply getting began as a brand new cardmember. When you should not join a brand new bank card simply for the welcome bonus, many journey rewards playing cards, together with the Southwest Plus Credit score Card, additionally include nice perks that can be utilized to enhance your total journey expertise.

Advantages and perks

The Southwest Fast Rewards® Plus Credit score Card gives cardholders entry to the next advantages:

  • 3,000 bonus factors for every account anniversary
  • Two EarlyBird check-ins per 12 months
  • 25% again on in-flight purchases
  • No international transaction charges if you use the cardboard overseas
  • All factors earned with the cardboard depend towards the highly-coveted Southwest Companion Go®, which permits one individual to fly with you without spending a dime (aside from taxes and costs) if you purchase or redeem factors for flights after reaching the brink of 125,000 qualifying factors or 100 qualifying one-way Southwest flights in a calendar 12 months

Incomes miles for spending

Once you spend on the cardboard, you’ll earn: 

  • 2X Fast Rewards factors per greenback spent on purchases with Southwest Airways
  • 2X Fast Rewards factors per greenback spent on native transit and commuting, together with rideshare companies
  • 2X Fast Rewards factors per greenback spent on web, cable, telephone and choose streaming companies
  • 1X Fast Rewards level per greenback spent on all different purchases

Different advantages

You will get to get pleasure from a number of advantages simply by selecting to fly with Southwest Airways, nevertheless you need not have a Southwest bank card to obtain these three perks:

  • Two free checked baggage per individual
  • No change charges
  • Fast Rewards Factors that by no means expire

By being a Southwest Fast Rewards® Plus Credit score Card holder, you may additionally obtain these extra advantages (that are additionally out there on many different Chase bank cards):

  • Complimentary journey accident insurance coverage and emergency help, reimbursement for misplaced baggage, auto rental collision injury waivers for automobile leases, roadside dispatch service, buy and prolonged guarantee safety and baggage delay insurance coverage
  • DoorDash advantages, together with $0 supply charges on restaurant orders above $12 (or groceries over $25), decreased service charges and $10 off your subsequent order if you use the Southwest Fast Rewards Plus card after you activate your complimentary 12 months of membership by Dec. 31, 2024.

Choose calculated what number of factors the typical American can earn in a 12 months when utilizing their Southwest Fast Rewards® Plus Credit score Card. We labored with the situation intelligence agency Esri, who offered us with a pattern annual spending funds of $22,126.

The funds consists of six major classes: groceries ($5,174), gasoline ($2,218), eating out ($3,675), journey ($2,244), utilities ($4,862) and common purchases ($3,953). This is what the typical client would earn utilizing this card:

  • Groceries: 5,174 Southwest Fast Rewards factors
  • Gasoline: 2,218 Southwest Fast Rewards factors
  • Eating out: 3,675 Southwest Fast Rewards factors
  • Journey: 4,488 Southwest Fast Rewards factors (Assuming all journey {dollars} are spent with Southwest Airways).
  • Utilities: 4,862 Southwest Fast Rewards factors
  • Common purchases: 3,953 Southwest Fast Rewards factors

With all spending thought-about, this could give a cardholder 24,370 Southwest Fast Rewards factors within the first 12 months, and in the event you embody the 40,000-point welcome bonus, this could yield 64,370 Fast Rewards factors. Over a 5 12 months interval, cardholders might probably earn 161,850 Southwest Fast Rewards factors — though the whole quantity will depend upon a person’s annual spending habits.

The right way to earn and redeem Southwest Fast Rewards factors

Incomes Southwest Fast Rewards factors

Fast Rewards factors are a strong forex to earn as Southwest Airways continues to be one of many main U.S.-based carriers on the subject of customer support. The airline additionally permits every individual to have two free checked baggage, making journey way more inexpensive since you’ll be able to keep away from paying further charges to examine your baggage. 

Whereas there are a number of methods to earn Fast Rewards factors, the 2 best methods to earn heaps of them in a rush are by:

  • Holding a number of Southwest bank cards (a private bank card and a enterprise bank card, for instance) and incomes the welcome bonuses for each.
  • Utilizing a bank card with transferable rewards, just like the Chase Sapphire Most well-liked® Card, which might mean you can earn Chase Final Rewards factors, which might be transferred to Southwest Fast Rewards at a 1:1 ratio.

Should you’re pondering of including a Southwest Fast Rewards bank card to your pockets however aren’t certain if the Southwest Plus card is best for you, contemplate one other one of many airline’s co-branded private or enterprise bank cards:

Private

Enterprise

Redeeming Southwest Fast Rewards factors

After incomes sufficient Southwest Fast Rewards factors you’ll be able to redeem them for a flight. Understand that you’ll nonetheless have to pay taxes on the flight you are redeeming factors for, which finally ends up being $5.60 every manner for a one-way flight inside the US (taxes and costs for worldwide flights might fluctuate). 

The very best half about Southwest Fast Rewards factors is how straightforward it’s to redeem them. Merely log into your Southwest Fast Rewards account and start trying to find flights by clicking the place it says “factors” relatively than “{dollars}”. From there, it is possible for you to to view flights with redemption quantities and costs proven in factors relatively than money. All that you must do from there may be decide which flights work finest for you and so long as you have got sufficient factors in your account, it is possible for you to to buy your ticket.

Southwest offers you the selection of three totally different fares: Wanna Get Away, Anytime and Enterprise Choose. Every possibility gives totally different advantages, together with whether or not or not you may get precedence boarding and what number of factors you may earn per flight. One draw back is you will not be capable of select your seat on Southwest flights since every is obtainable on a first-come, first-serve foundation.

Charges and costs

Card comparability

The Southwest Fast Rewards® Plus Credit score Card is a strong journey rewards card since you’ll be able to earn priceless factors for a modest annual payment. However is it the perfect card for you?

Choose analyzed two different journey bank cards to see how they match up in opposition to the Southwest Fast Rewards Plus card.

Southwest Fast Rewards Plus Credit score Card vs. Delta SkyMiles® Blue American Categorical Card

The Delta SkyMiles® Blue American Categorical Card is a no annual payment journey (see charges and costs) card that lets cardholders earn Delta SkyMiles.

The cardboard comes with some nice advantages for frequent Delta flyers, together with no international transaction charges (see charges and costs), 20% again on in-flight purchases, rental automobile insurance coverage and buy safety, whereas letting cardholders earn 2X factors for each greenback spent on eating at eating places and Delta purchases, in addition to 1X factors spent in every single place else.

Should you’re contemplating each playing cards, it actually comes all the way down to how usually you fly with every airline. Incomes Delta SkyMiles can be helpful for vacationers who fly internationally since you’ll be able to benefit from its airline alliance companions by means of SkyTeam. Your determination may come all the way down to which airline gives higher routes from your house airport. Phrases apply.

Southwest Fast Rewards Plus vs. United Gateway℠ Card

The United Gateway℠ Card is a no annual payment bank card that lets cardholders earn United MileagePlus miles that are redeemable for flights with the airline and its companions.

The cardboard comes with a number of advantages, together with versatile spending classes and no international transaction charges.

Ought to your journey plans go awry, the cardboard comes with a complimentary journey cancellation and interruption coverage that means that you can be reimbursed as much as $1,500 per individual and $6,000 per journey for any pre-paid, non-refundable passenger fares paid for with the cardboard.

Should you’re torn between the 2 playing cards, contemplate what your private journey priorities are. Should you plan on touring inside the US primarily, the Southwest Plus card stands out as the higher possibility. Nevertheless, in the event you get pleasure from touring overseas, the United Airways card could be the way in which to go because the service and its Star Alliance companions fly to many worldwide locations.

Who the Southwest Fast Rewards Plus Credit score Card is finest for

The Southwest Fast Rewards® Plus Credit score Card is a superb addition for somebody who enjoys flying with Southwest Airways and desires to maintain their bank card annual payment low. Understand that as a consequence of Chase’s 5/24 rule, you is probably not authorised for a brand new bank card in the event you’ve already been authorised for 5 or extra bank cards throughout the final 24 months.

For these trying to earn the highly-coveted Southwest Companion Go, which lets you convey a pal or member of the family together with you without spending a dime on any paid or redeemed Southwest flight (minus taxes and costs), this card might assist get you on the trail to incomes probably the greatest offers in journey. 

Moreover, cardholders who are likely to spend throughout the totally different bonus classes frequently — as an illustration, by buying Southwest flights, using native transit or paying for telephone companies — you may have loads of possibilities to earn a considerable amount of Southwest Rewards factors.

Word that the Southwest Fast Rewards® Plus Credit score Card doesn’t earn tier qualifying factors, which make it easier to earn Southwest elite standing, known as “A-list” or “A-list Most well-liked.” The 2 extra Premium Southwest playing cards supply this characteristic.

Backside line

The Southwest Fast Rewards® Plus Credit score Card offers cardholders the chance to earn priceless Fast Rewards factors on their purchases with out having to fret about paying a big annual payment. Due to a profitable welcome supply paired with a low spending threshold, you’ll be able to rapidly snag greater than 40,000 Southwest factors in your account proper off the bat, which could be put towards free (or principally free) flights.

Earlier than you join the cardboard, it is best to know your credit score rating so you’ll be able to consider your odds of approval. It is also sensible to double-check your funds and work out if having a brand new bank card is your best option to your present monetary scenario.

Editorial Word: Opinions, analyses, critiques or suggestions expressed on this article are these of the Choose editorial employees’s alone, and haven’t been reviewed, authorised or in any other case endorsed by any third get together.

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