Chase · Personal card
Southwest Rapid Rewards Premier Credit Card
The Southwest Rapid Rewards Premier Credit Card has a $149 annual fee and up to $240 a year in statement credits, across two credits. All Southwest Premier credits need a one-time enrollment before any spending counts, and Chase will not apply them retroactively.
- Annual fee
- $149
- Charged on your account anniversary
- Credits a year
- Up to $240
- 2 statement credits, used in full
- Need enrollment
- 2 of 2
- Credits. Enroll before you spend
Every credit, and when it resets
Amounts are per period. The last column is what each credit adds up to in a year if you use it every time.
| Credit | Amount | Resets | A year |
|---|---|---|---|
| Monthly DoorDash non-restaurant promoEnroll first$10 a month. On the 1st of each month | $10 a month | On the 1st of each month | $120 |
| Instacart monthly creditEnroll first$10 a month. On the 1st of each month | $10 a month | On the 1st of each month | $120 |
| Total a year, if you use every credit | $240 |
What people get wrong
- Enrollment comes first. Two benefits need a one-time enrollment. Spend before you enroll and nothing posts, because Chase will not apply a credit retroactively.
- Nothing rolls over. Whatever is unused when a period ends is gone, so a monthly credit missed in March can't be used in April.
Questions about the Southwest Premier
What is the annual fee on the Southwest Rapid Rewards Premier Credit Card?
$149 a year, charged each year on your account anniversary.
How much are the Southwest Premier credits worth?
Up to $240 a year if you use all two statement credits in full. The largest: Monthly DoorDash non-restaurant promo ($120) and Instacart monthly credit ($120).
Which Southwest Premier benefits need enrollment?
All two: Monthly DoorDash non-restaurant promo and Instacart monthly credit. Enroll before you spend, because Chase will not apply a credit retroactively.
When do the Southwest Premier credits reset?
Monthly credits reset on the 1st of each month. Unused credit does not roll over.
Is the Southwest Premier worth the $149 fee?
On credits alone, only if you use at least 63% of them. They add up to $240 a year against the $149 fee, but each is tied to a merchant and a period, so what counts is the ones you would use anyway.
What points does the Southwest Premier earn?
Southwest Rapid Rewards points, worth about 1.3 cents each in a typical redemption.
