The last word information to Southwest bank card eligibility
Editor’s notice: It is a recurring publish, often up to date with new info.
Proper now, the three private bank cards from Southwest Airways every have an elevated welcome bonus that TPG values at $1,125.
The Southwest Fast Rewards Plus Credit score Card, the Southwest Fast Rewards Premier Credit score Card and the Southwest Fast Rewards Precedence Credit score Card are providing elevated sign-up bonuses of as much as 75,000 bonus factors for brand new candidates who spend $3,000 on purchases inside the first three months from account opening. These affords finish on Dec. 5, 2022.
Southwest bank cards proceed to be fan favorites — in no small half as a result of their bonuses signify the quickest option to earn the dear Southwest Companion Go. So it’s necessary to know whether or not you’re eligible.
Keep in mind that incomes Companion Go would require extra factors beginning in 2023 — 135,000 factors to be precise. Nevertheless, these with a Southwest bank card will obtain 10,000 bonus factors of their Fast Rewards account inside 30 days of opening a Southwest bank card (new candidates) or in the beginning of the 12 months (for present cardholders).
There are three particular guidelines to be careful for when eyeing a Southwest bank card. Right here’s what it’s essential to know.
Associated: The last word information to bank card utility restrictions
Which Southwest bank cards am I eligible for?
In the event you’re Southwest bank cards, you’ve got 5 choices to choose from — three private and two enterprise. These are the non-public playing cards:
And listed here are the 2 enterprise bank cards:
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Chase and Southwest have made this course of comparatively easy by treating all private playing cards the identical and enacting two easy guidelines for the enterprise playing cards.
If you wish to apply for a private card
You might be eligible to take action so long as you abide by the next standards:
- The Chase 5/24 rule: You’ll nearly actually be rejected for a Southwest bank card in case you’ve opened 5 or extra bank cards (from any financial institution) inside the previous 24 months — excluding most enterprise playing cards.
- Card “household” restrictions: In the event you’ve already bought a Southwest private card, you possibly can’t open one other till you’ve canceled your present card.
- Signal-up bonus guidelines: You’ll be able to’t open the cardboard in case you’ve earned a sign-up bonus from a Southwest private card inside the previous 24 months
The necessary notice right here is that having a Southwest enterprise bank card doesn’t impression your eligibility for private playing cards in any means.
If you wish to apply for a enterprise card
You might be eligible to take action so long as you might be beneath 5/24 and meet the next guidelines:
- You can not at the moment have that specific bank card.
- You can not have acquired a bonus on that specific bank card up to now 24 months.
Making use of for private Southwest bank cards has no impression in your eligibility for enterprise playing cards, aside from the truth that it takes up one in every of your 5/24 slots. Extra importantly, having both Southwest enterprise bank card doesn’t have an effect on your eligibility for the opposite Southwest enterprise card.
What’s the finest plan to use for Southwest bank cards?
Assuming you’ve got a 5/24 slot to spare, the most effective plan for most individuals can be to use for each Southwest enterprise bank cards. Doing so wouldn’t improve your 5/24 rely and would hold you eligible to use for a private Southwest card sooner or later. Assuming each functions are accepted, the mixed sign-up bonuses can be sufficient to qualify for the Southwest Companion Go.
Associated: Tips on how to shortly earn the Southwest Companion Go
It’s at all times necessary to plan your bank card functions and take note of card and issuer-specific guidelines. Whereas Chase’s determination to introduce a so-called “household restriction” on the non-public Southwest playing cards threw a wrench into many individuals’s Companion Go plans, the identical restriction doesn’t apply to the 2 enterprise playing cards.
Bear in mind, all three Southwest private bank cards are providing an elevated sign-up bonus of 75,000 bonus factors proper now. You’ll be able to earn these factors after spending $3,000 on purchases inside three months of account opening, and you will be properly in your option to a Companion Go. Gives finish Dec. 5, 2022.
Apply right here: Southwest Plus Credit score Card
Apply right here: Southwest Premier Credit score Card
Apply right here: Southwest Precedence Credit score Card
Apply right here: Southwest Premier Enterprise Credit score Card
Apply right here: Southwest Efficiency Enterprise Credit score Card
Extra reporting by Madison Blancaflor, Joseph Hostetler and Ryan Smith.