Southwest Rapid Rewards® Premier Credit Card
- Annual fee
- $149
- Top rewards rate
- 2%on Groceries & restaurants
- Welcome bonus
- 55,000 points after $1,500 spend in 3 months
- Point value
- 1.4¢per point
- Foreign transaction fee
- 0%
Earns 2% on Groceries & restaurants, so it pays off once your bonus-category spending outweighs the $149 fee.
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Sign-Up Bonus
after spending $1,500 in the first 3 months
Rewards Breakdown
| Category | Rate | Details |
|---|---|---|
| Groceries & restaurants | 2% | Unlimited |
| Travel if you qualify | 3% | Earns 3% only on Southwest purchases. Flights on other airlines, hotels and car rentals earn 1%. |
| All other purchases | 1% | Unlimited |
| Foreign Transaction Fee | None | Great for international purchases |
What that looks like
Spend $1,000 on groceries & restaurants and you earn 2,000 points, worth about $28 once redeemed. That works out to 2.8% on that spending, not 2%.
Points worth approximately 1.4¢ each based on typical redemption value.
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See Your Estimated RewardsFrequently Asked Questions
What is the annual fee for the Southwest Rapid Rewards Premier Card?
The Southwest Rapid Rewards Premier Card has an annual fee of $149.
What is the sign-up bonus for the Southwest Rapid Rewards Premier Card?
New cardholders can earn 55,000 points after spending $1,500 in the first 3 months.
Does the Southwest Rapid Rewards Premier Card charge foreign transaction fees?
No, the Southwest Rapid Rewards Premier Card does not charge foreign transaction fees.
What categories earn bonus rewards with the Southwest Rapid Rewards Premier Card?
The Southwest Rapid Rewards Premier Card earns 2% on Groceries & restaurants. It also advertises 3% on Southwest, but that rate applies only when you qualify, so it is excluded from our rankings.
These rankings are estimates based on published card terms. Actual rewards depend on your spending patterns, how you redeem, and whether your purchases qualify for bonus categories. Rates and terms may change, so verify current offers on the issuer’s site.