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Southwest Airways Credit score Card Eligibility Defined

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Chase and Southwest have 5 co-branded bank cards, and it may be powerful to maintain observe of the eligibility necessities of those playing cards. In the mean time, all 5 playing cards are providing wonderful bonuses — the private playing cards have limited-time gives, whereas the enterprise playing cards persistently have profitable bonuses. These playing cards are additionally nice for those who’re trying to earn Companion Cross.

On this publish I wished to cowl the fundamentals of what you might want to know for those who’re trying to get authorized for these playing cards.

Southwest Airways bank card fundamentals

For context, listed below are the annual charges and present welcome bonuses on all 5 Southwest Airways bank cards issued by Chase:

  • The $69 annual payment Southwest Fast Rewards® Plus Credit score Card (evaluate) has a welcome bonus of 75,000 Fast Rewards factors after spending $3,000 inside three months; this can be a restricted time provide by way of December 5, 2022
  • The $99 annual payment Southwest Fast Rewards® Premier Credit score Card (evaluate) has a welcome bonus of 75,000 Fast Rewards factors after spending $3,000 inside three months; this can be a restricted time provide by way of December 5, 2022
  • The $149 annual payment Southwest Fast Rewards® Precedence Card (evaluate) has a welcome bonus of 75,000 Fast Rewards factors after spending $3,000 inside three months; this can be a restricted time provide by way of December 5, 2022
  • The $99 annual payment Southwest® Fast Rewards® Premier Enterprise Credit score Card (evaluate) has a welcome bonus of 60,000 Fast Rewards factors after spending $3,000 inside three months
  • The Southwest® Fast Rewards® Efficiency Enterprise Credit score Card (evaluate) has a welcome bonus of 80,000 Fast Rewards factors after spending $5,000 inside three months

Eligibility for welcome bonuses differs between the private and enterprise variations of the playing cards, so I wished to have a look at that in a bit extra element.

Earn plenty of bonus factors with Southwest bank cards

Southwest Airways private bank card eligibility

Southwest Airways’ private bank cards have extra restrictive eligibility necessities than enterprise playing cards. You’re not eligible for the welcome bonus on the Southwest Plus Card, Southwest Premier Card, or Southwest Precedence Card, if:

  • You at present have any Southwest private bank card
  • You’ve acquired a brand new cardmember bonus on any Southwest private bank card previously 24 months (enterprise playing cards don’t depend towards this restrict)

In different phrases, you may solely choose up a Southwest private card for those who don’t at present have any Southwest private card. You will get a Southwest private card for those who’ve had one other Southwest private card previously, so long as you don’t at present have one, and haven’t acquired a brand new cardmember bonus on such a card previously 24 months.

Within the occasion that you just’ve canceled a Southwest private card on which you bought a bonus greater than 24 months in the past, I’d advocate ready a minimum of a month till making use of for an additional Southwest private card, simply to be on the secure facet. That’s as a result of it might probably take some time for the system to replicate you now not being a card member.

Southwest Airways enterprise bank card eligibility

Southwest Airways’ enterprise bank cards have much less restrictive eligibility necessities than private playing cards. Within the case of each the Southwest Premier Enterprise Card and Southwest Efficiency Enterprise Card, you’re not eligible for a bonus if:

  • You at present have that actual Southwest Airways enterprise bank card
  • You’ve acquired a brand new cardmember bonus on that actual Southwest Airways enterprise bank card previously 24 months

In different phrases, you’re eligible for the bonus on the Southwest Premier Enterprise Card even you probably have the Southwest Efficiency Enterprise Card, and vice versa. You possibly can choose up each of those playing cards, and even obtain the bonuses.

Southwest enterprise playing cards have much less restrictive guidelines

Common Chase bank card utility restrictions

Along with the Southwest Airways particular restrictions, concentrate on Chase’s normal utility restrictions:

  • Chase has the 5/24 rule, whereby you usually received’t be authorized for a card for those who’ve opened 5 or extra new card accounts previously 24 months
  • Chase doesn’t usually have a strict restrict on what number of whole playing cards you may have at any given level, however relatively the limiting issue is mostly relating to the general credit score you’ll be issued
  • You’ll be able to usually be authorized for at most two Chase bank cards each 30 days, and I usually wouldn’t advocate making use of for a couple of Chase enterprise bank card each 30 days

These are simply normal tips, although do word that there’s at all times some inconsistency based mostly on what different playing cards you’ve utilized for, your general relationship with Chase, and many others.

What credit score rating do you want for a Southwest Airways bank card?

There’s not a constant rule as to what credit score rating you might want to be authorized for a Chase Southwest Airways bank card. Normally, I’d advocate having a credit score rating within the “good” to “wonderful” vary for those who’re going to use for any of those playing cards.

Personally, I in all probability wouldn’t apply if my credit score rating have been beneath 700, and ideally, I’d hope to have a credit score rating of 740 or increased. That being stated, individuals with scores decrease than which were authorized for these playing cards, and conversely, individuals with scores increased than which were rejected. There are many elements that go into approval — your earnings, your credit score historical past, how a lot credit score Chase has already prolonged you, and many others.

Backside line

Chase’s Southwest Airways bank cards may be extraordinarily profitable — since there are 5 playing cards to select from, there can typically be confusion in regards to the eligibility necessities.

An important factor to know is that eligibility for private playing cards is mutually unique, that means you may’t get the bonus on a Southwest private card for those who at present have any Southwest private card, or have acquired a brand new cardmember bonus on such a card previously 24 months. In the meantime, for Southwest enterprise playing cards, you’re eligible for the bonuses on each playing cards, that means you could possibly choose up one enterprise card even when you have already got the opposite card.

Personally, I believe the Southwest Precedence Card is probably the most profitable private card, whereas I believe the Southwest Efficiency Enterprise Card is probably the most profitable enterprise card.

If you happen to’ve utilized for a Southwest Airways bank card, what was your expertise with getting authorized?

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