Noob reader Julie emailed me over the weekend asking about where to get the Southwest Rapid Rewards card. The Southwest offer was stuck at #4 on my sick deals page for a long time.
EDIT: The Chase Sapphire Preferred® Card is currently the best rewards card offer to earn Southwest Rapid Rewards points. It’s also a much better everyday card than the Southwest card, but the sign up bonus won’t qualify for the Companion Pass.
My wife and I were both lucky enough to take advantage of the 50,000 SW offer when it was available, and I know many readers were as well. But what about the new readers, or the readers who were in between applications?
wait it out
Chase has raised and lowered their public offer from 25k to 50k a few times in the last year, so chances are it will be back up to 50k sometime this year. I can’t say for sure that this will happen, but based on previous Chase behavior, they like to play with the Southwest offer. Puppeteers.
There have also been some peeps who have recently been “targeted” for the 50,000 offer. So check your mail box and maybe you will be next. If you are a Rapid Rewards member, you can sign up to receive all the marketing mailers and maybe you will be targeted.
apply for the Chase Sapphire Preferred | Ink Bold
The current sign-up bonus for the Sapphire Preferred is stellar and Ultimate Rewards points can be transferred into Southwest at a 1:1 ratio. Easy. I know that 40k is no 50k, but you will also get a 7% annual dividend. The Sapphire Preferred is also a better daily card than the SW Rapid Rewards card, because you can earn 2x points per $1 on meals and travel and it has a 0% foreign transaction fee. Plus, you gain access to the other transfer partners of the Ultimate Rewards Program: United, British Airways, Hyatt, Marriott, and Priority Club.
Another card option is the business rewards card, the Ink Bold. You earn the same Ultimate Rewards points as the Sapphire and they can be transferred into SW at a 1:1 ratio instantly.
Here are the links to apply for the Sapphire Preferred and Ink Bold cards. (You help support the NoobTraveler by using my links and I’m very grateful to everyone who does.)
Note: Points transferred from Ultimate Rewards into Southwest Rapid Rewards will NOT count towards the companion pass. You will get a companion pass with Southwest if you generate 110,000 Rapid Rewards points in a year.
what would this Noob do?
Personally, if you don’t have the Sapphire Preferred- I would apply for it and wait for the Southwest offer to go back up to 50,000. If you applied for the Sapphire Preferred now, and then applied for the SW card if/when the offer goes back up to 50k, you would have close to 100,000 Rapid Rewards points at your disposal. Mighty fine. If you already have the Sapphire Preferred, I would start thinking about the Ink Bold. Also, if you aren’t a Rapid Rewards member, enroll today and sign up to receive marketing mailers and you never know, you may get the targeted 50k offer.
I hope this helps as you decide on the best way to accumulate Rapid Rewards points with a credit card sign-up bonus. Please don’t hesitate to email me if you have any questions.
— Geoff Whitmore