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Southwest Offer Is Back!

July 9th, 2013 at 06:12 am

Southwest Airlines Rapid Rewards card is now offering 50,000 bonus points after $2,000 in purchases in 3 months. This is equal to two round trip airline tickets on Southwest or $500 in gift cards. There is a $99 annual fee for the Premier card, and $69 if you apply for the Plus version.

I was tipped off about this card offer from MyMoneyBlog. I haven't decided weather to apply or not. I really don't like having to pay an annual fee...even once! I realize I would have a net gain.

I like that we could redeem the points for gift cards, so if I look at it as though I was putting my $99 on a gift card and gaining $401...then it does seem more appealing. I also think there is a possibility of flying for a vacation in the next 12 months, so that is actually appealing as well.

Will you jump on this card offer? Do you think it is worth the annual fee? Where do you fly on Southwest Airlines?

10 Responses to “Southwest Offer Is Back!”

  1. ceejay74 Says:

    I think I will! Hey, you could simultaneously go for one of the little spend $500, get $100 cards, and use THAT money to fund the annual fee. Smile

  2. creditcardfree Says:

    You are right ceejay, I could look at it that way as well. Smile

  3. ironicone Says:

    I do! I use the points to book flights for family members as "gifts." For $10 booking fee, and some points its a cheap way to give people an "expensive" trip. I recently used the points the book a ticket for my father in-law that was $700.00 otherwise.

  4. ceejay74 Says:

    Have you done it before? I'm wondering if I'm ineligible since I had this card before and took advantage of this offer. It WAS back in 2011, though, and we closed the cards right away, so maybe it wouldn't register.

  5. MonkeyMama Says:

    It is not guaranteed, but my experience is that credit card companies 100% refund the annual fee if you close the card after a couple of months. (I only once had the annual fee pro-rated when refunded. But it is still not a lot for 2 out of 12 months that you end up paying).

    I heard somewhere that the kicker is you have to open a new rapid rewards account. Our rapid rewards accounts seem to be defunct, but I am a little wary because I have seen so much that this card does not allow double dips. Since there is nothing better out there right now I may be willing to give it a try. But I guess to say, if you still have your old rewards account, I probably would not bother.

  6. creditcardfree Says:

    @ceejay, I have not done this offer before and have not applied yet...I need to confirm with DH. If you look at the fine print, it does look like it is only first time card members with a new account are eligible.

  7. MonkeyMama Says:

    P.S. I mean whatever the airline's reward system is. To be clear I don't mean a "rapid rewards credit card account." I mean the online account that you set up to redeem your points. I'd poke around southwest.com and make sure you have no account set up. (When I put in our e-mails it said we didn't have accounts, so why they seem to be defunct. I checked last year, but will probably check again to be sure).

  8. SecretarySaving Says:

    I'm not willing to go $2099 in debt to get $500 bucks.

  9. Xtreme Thunder Says:

    @SecretarySaving: I am sure you know, but most, such as myself, is willing to use the card to pay for items we were already going to spend on through our normal budget.

    I have our 6 month auto policy, $400 in emergency room co-pays (which we get $300 of that back through my employer), remaining $400 on continuing education class (also getting that fully reimbursed through employer), so I would "spend" $2,099 to get $401 for purchasing items that we already had budgeted to pay for while easily making the minimum spend.

    Very tempted, and almost a no brainier for us, hmmm...

  10. TexasDisneyGirl Says:

    I did this earlier this year, applied for a personal card and a business card. Got 100,000 points. Then, I kept the cards and kept charging our normal monthly charges (utilities, groceries, etc.) When I hit 110,000 miles, I got a free companion pass for my husband. We now have 110,000+ miles, plus he flies free until the end of 2014. We are a family of 5, and this is a huge help for us to go on future vacations! I think applying for both the personal and business cards are the way to go if you want to use these for vacations...but wait until the beginning of next year so that you have an entire year to earn 110,000 miles.

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