As the saying goes, good things come to those who wait. And for those who have been waiting for Southwest to offer their 50,000 point bonus that wait is temporarily over. SWA and Chase don’t make this offer available terribly often And given how lucrative it is, it’s understandable why they limit access.
If you use the 50,000 Rapid Rewards points for “Wanna Get Away” airfare, you can get more than $700 in value. That’s one monster of a credit card signup bonus since it usually equates to two round trip tickets within the continental US with some change to spare. And, now that SWA flies to some choice vacation destinations outside the US like Cancun and Jamaica those bonus points just got even more valuable.
Keep in mind you have to pay the annual fee for the card ($99, which is NOT waived the first year) and the applicable govt taxes/fees on the flights (which are as low as $10 per flight). Plus, you need to spend $2,000 in the first three months after opening your account.
Even after the bonus, the card is worth keeping around, as you get 2 points per dollar spent on Southwest Airlines purchases (and 1 point per dollar spent on practically everything else). You’ll also get 6,000 points every cardmember anniversary.
Updated May 15 , 2015