Southwest has launched an offer to attract your spending on to their credit card this holiday season. When you spend $5K between October 1 – December 31, 2013 you will get a bonus of 3000 Rapid Reward points. These points are in addition to the points you will earn to your regular points – i.e. 1 point per dollar on regular purchases and 2 points on every dollar spent on Southwest Airlines and AirTran Airways when purchases are made directly with the airlines and also hotel and car rental partner purchases.
Chase Credit Card
Chase Southwest Rapid rewards Card is one of the best credit cards for travel. It offer 50K signup bonus and a free companion pass if you accumulate 110K miles in one calendar year. This will essentially double your miles when you redeem them for travel on southwest.
How good is the offer?
Each SouthWest Rapid Reward point is worth more than a dollar when you use them to buy wanna get away fair and you. At the moment you need 60 points for a dollar in wanna get away fairs (from March 31st 2014 it will cost you 70 points.
At current redemption rate 3000 points is $50 in wanna get away fare. That is a best case cash back bonus of 1%. However when you look at the overall picture you will be getting at least 1 point your purchase as part of your regular deal. So in all minimum points earned if you meet the $5K spending limit is 8000 points or up to $133 in wanna get away fair ( a 3.666% cash back). When you spend the $5k on southwest or one of their partners, you get 10000 points as regular points and a bonus of 3000 points. With these 13,000 points you can get up to $216 in round trip tickets before March 31st and an effective cash back of over 4.3%!
This deal is much better if you have one of the companion passes from southwest which will be valid in 2014. A good way to rack up some points and get double the utilization.
How to sign up?
1. Visit southwest.com/cmholiday or call 1-866-913-4992
2. Spend $5000 before 31st December.
3. You will receive your 3000 points bonus.
Southwest card has a bonus of 50,000 points when you sign up now.