I received a targeted offer for bonus 2500 Southwest Rapid Rewards points for $5000 spend between Feb 1st and March 31st.
I have the Southwest Plus card, but it is also targeted on the Premier card.
So, they are essentially offering 1.5 points per dollar spent. Since the value of Rapid Rewards points is roughly 1.5 cents per point, you are essentially earning 2.25 cents per dollar spent or 2.25%.
That’s decently better than most of the 2% cards. Although I can’t be sure, I would think the extra 2500 points would count toward the companion pass.
If you didn’t get this offer, consider calling Chase or send them a secure message to see if you can get it.
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You must be really scraping the bottom of the barrel to get excited about this non-deal….. You’re suggesting it’s worth it to forgo 5k spending on new card bonuses elsewhere in favor of spending a whopping 5k on this card — only to get a miserly 7.5k in miles. (ok, we have the companion pass already, so for us, it’s worth double …. but even so, far, far better ways to deploy 5k in spend) How much did they pay you for this post? Either that, or you’re as green (as in raw newbie) as they come.
The offer is a 2.25% return no matter how you slice it. Or 4.5% with the companion pass. That’s better than the fidelity visa or the Arrival. Plus the $5k spend counts toward the companion pass if you are aiming for one. There are always opportunity costs. If you have better ways to spend the $5k, then do so. No one is making you do this.
Well see for me this really is a good deal. I am working on my companion pass and so I will be spending $5k anyway, so this helps out a lot, especially if it counts towards the companion pass! I appreciate it being shared 🙂