UPDATE 10/28/2017 – This offer appears to no longer be available. You can check out the currently available credit card offers on our top credit card offers page.
I was browsing around Southwest.com the other day and saw an ad for an offer for a Southwest credit card that I had not seen before – one that offered a $200 statement credit as well as 10,000 bonus points.
Typically, the bonus offers for the Southwest credit cards cycle from 25,000 to 50,000 points (and I’ve seen it as high as 60,000 points). There are Premier and Plus versions of the Southwest cards, both personal and business (so 4 cards in total). One common travel hacking strategy is to get 1 personal and 1 business card in a calendar year, in order to get you most of the way towards the 110,000 Rapid Rewards points needed to earn the Southwest Companion Pass
(SEE ALSO: What is the Southwest Companion Pass (and how to get it))
(SEE ALSO: Using your Southwest Companion Pass)
New Southwest credit card offer
I did not see any links to this new Southwest credit card offer on Southwest’s front page, but noticed it when I was in the middle of making a booking. You can make any sample booking, and then down at the bottom of the page, you should see
UPDATE 10/28/2017 – This offer appears to no longer be available. You can check out the currently available credit card offers on our top credit card offers page.
Southwest statement credit offer details
The Southwest statement credit offer details are shown below. As you can see, it’s for the Southwest Premier (personal) card
- You get a $200 statement credit after your first purchase
- 10,000 Rapid Rewards points after spending $500 in the first 3 months
- The annual fee of $99 is NOT waived the first year (I believe this is consistent with the other Premier card offers)
Comparing $200 + 10,000 points to the 50,000 point offer
So how does this statement credit offer compare to the offers of 50,000 points? Southwest’s points can be redeemed anywhere from 70-80 points per dollar (depending on the flight). That means a Southwest point is worth about 1.25 to 1.43 cents per point. So the 40,000 extra points would be worth anywhere from $500 to $572 in travel. And of course Southwest Rapid Rewards points can be used towards the Southwest Companion Pass, which effectively doubles the value of your points
All in all, if you’re looking for a Southwest card, I’d generally prefer the offer that gives 50,000 bonus points, but it’s always good to have options!
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Dan Miller travels with his wife and 6 (SIX!) children. He loves to help families travel for free / cheap, especially larger families. If you are looking for help, drop him an email at 
I like the idea of CHASE giving an applicant the choice of a smaller mile/point signup bonus with a statement credit that more than offsets the annual fee. The standard offer is 25K RR points, not 50K. Therefore, the difference is a loss of 15,000 points but with $200 received instead. Those points are worth $150 if just redeemed for gift cards. more if exchanged for travel (and then the difference between the 2 offers is pretty much a “wash”). Plus, the minimum spend is much smaller. For low rollers who don’t fly WN much and don’t feel the effort/spend to get the companion pass is of value, this reduced point offer might be the way to go.
Right – it might not be for everyone, but it’s good to have options. You’re right about the 25K being the “standard” offer, but I feel like the 50K offers are around often enough that it’s pretty much the de facto standard
There is actually an employee offer out as well. Some interesting spending benefits and no annual fee! That would be nice to have for all of us to have access to! 🙂
It is actually not a new offer. Been around for at least several months. http://runningwithmiles.boardingarea.com/southwest-credit-card-offer-of-200-and-10000-points-good-deal/
Ah cool – I looked around at all the usual sites and did not see any reference to it.
I currently have 10 refer friends for the Southwest 50,000 miles bonus if you spend 2,000 in 3. If anyone is interested, please email me @ sondog0@yahoo.com
If anyone is looking for a 50,000 sign up bonus for the Southwest Plus credit card, I have some referrals. If anyone needs one you can email me at calvindlee at gmail.com and I will email you the information.