Southwest card top offer

The Southwest Rapid Rewards Premier Card is not at a peak offer now: Chase is advertising 55,000 bonus points, well below the 100,000-point high seen in 2025. (chase.com, upgradedpoints.com) Chase says new cardmembers can earn 55,000 bonus points after spending $1,500 in the first 3 months from account opening. The card carries a $149 annual fee and earns 3 points per dollar on Southwest purchases. (chase.com) A recent offer history compiled by Upgraded Points lists the best Premier-card bonus since 2023 at 100,000 points, available from July 2025 to September 2025. That same history shows an 85,000-point offer from October 2025 to December 2025 and a 50,000-point offer from December 2025 to February 2026. (upgradedpoints.com) That history also flags 75,000 points as a useful line for shoppers: offers above that level are “worth considering,” while the current 55,000-point bonus sits below it. Upgraded Points values the current offer at about $715 and the 100,000-point offer at about $1,300. (upgradedpoints.com) For travelers planning summer flights, the gap between 55,000 and 100,000 points can change how many award bookings a sign-up bonus can cover. Southwest says Rapid Rewards points can be redeemed for flights, and members can also use Cash + Points on eligible bookings. (southwest.com, upgradedpoints.com) The card’s value is not only the sign-up bonus. Chase and Southwest added benefits in 2025, including a first checked bag free for the cardmember and up to 8 additional passengers on the same reservation, plus 6,000 anniversary points and two EarlyBird Check-In credits each year on the Premier card. (media.chase.com, chase.com, southwest.com) There is also an eligibility limit that matters for timing. Chase says the Premier card is available only to applicants who do not currently have a Southwest Rapid Rewards consumer card and have not received a new cardmember bonus on one in the last 24 months. (chase.com) The recent pattern shows Southwest and Chase have used several levers beyond raw points, including a Companion Pass promotion in February 2026 and February 2025. That means shoppers are comparing not just one number, but whether they want a lower-spend points bonus, a larger points haul, or a temporary pass perk tied to Southwest loyalty. (upgradedpoints.com) For now, the simple takeaway is that the Premier card’s live offer is ordinary by recent standards, not exceptional. Anyone waiting for a bigger summer-travel bonus has a clear recent benchmark: 75,000 points was strong, and 100,000 points was the top end. (chase.com, upgradedpoints.com)