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Seven Great Lessons You Can Learn From Southwest Credit Card | southwest credit card

If you are a frequent traveler, you will know how convenient it is to use credit cards to pay for your purchases, especially when you have the available rewards or frequent flyer points associated with them. These types of cards are becoming increasingly popular amongst consumers who travel regularly. Even if you are not a frequent flyer, you probably carry a balance on your credit card from time to time. When it comes to paying for these charges, there are advantages and disadvantages to using credit cards.

APR vs. Annual Fee: An annual fee is the amount of interest that you will owe every year. Annual fee varies by companies. Some card issuers offer no annual fee. Others have annual fees that can add up to a large amount every year. The lower your credit score, the more you will pay in interest on your credit cards.

No Annual Fee: Most airlines credit cards feature no annual fee and offer no or low introductory interest rate during the introductory period. Most of the time, you will be required to pay the full amount of your credit card debt at the end of the introductory period anyway. If you pay less than the entire credit card balance at the end of the year, you will not lose any points or benefits. In other words, if you use your credit card the most over the course of the year, you will likely benefit the most from applying for a new Southwest Rapid Rewards Priority Credit Card.

No Cash Back: Even if you are not an airline customer, you probably do not travel that much. If you do purchase airline tickets, chances are you do so using a major credit card such as a Discover card, for example. If you apply for a new southwest rapid rewards priority credit card, you will be required to pay a one-time application fee. In addition, you will not earn any cash back points or anything else for using your credit card.

No Southwest Companion Passes: Companion passes are often offered to consumers that spend a certain amount of money at select retailers each year. Companion passes are essentially a way for the credit card issuer to earn a percentage of what you spend when shopping at their participating retailers each year. Companion passes were once offered with gasoline purchases, but they were discontinued in 2021. You may be able to find a few remaining gas stations that offer the gift card, but the annual fee to maintain the account will likely prevent you from using it.

No Southwest Rapid Rewards Point Limit: One of the biggest benefits offered by many credit cards in the Southwest is the ability to earn Southwest Rapid Rewards Points. This point value is applied to an airline ticket whenever you make a purchase at an airline participating station. If you meet the threshold (usually around $1000) once, you are allowed to earn a point value for future use with that company. This is essentially a form of “free airline tickets” for you and can really help you take advantage of the features and benefits of owning a southwest credit card.

No Annual Travel Credit Fee: If you do plan on traveling around the country with your card, one of the benefits is that you don't have to pay an annual travel credit fee. This means that if you travel about a thousand miles within the first three months of your card's availability, you will not have to pay an annual fee. Many people are still hesitant to make this type of purchase due to the lack of guarantee, but it is well worth it if you travel that much. If you do travel a lot, however, you might want to reconsider whether or not this annual fee is worth it.

Two Points Per Dollar Spent: Southwest offers two points per dollar spent, which is a great benefit compared to most credit cards. You can earn up to two points per dollar spent when you make purchases at an airline participating terminal located in their network. Not all airlines have their own credit card stores inside their network, but many of them do if they partner with a credit card company. Therefore, you should check out all of your options, including whether you can apply for a Southwest Rapid Rewards Plus Credit Card at any participating terminal.

The Southwest Rapid Rewards Plus Credit Card Best Rewards Business Credit Card Review is a helpful review to know whether or not this particular card is best suited for your needs. Keep in mind that it does come with an annual fee, but the annual fee is significantly lower than the typical APR of many cards. It also has no annual travel credit fee, so you will be able to use this card wherever you go. As a result, you get excellent cash back, airline miles and points earning potential with the card's ability to pay out two points per dollar spent.



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