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Considered one of the top airline rewards credit cards available, card owners can earn Rapid Rewards Dollars on every purchase, Southwest Airlines Rapid Rewards Credit Card owners can really reap the benefits of this account in no time. In fact, it doesn't take very long at all to have complete round trips booked for FREE when you use this travel rewards credit card from Chase.
Take Off Shortly with The Rapid Rewards Card
The problem with a lot of Airline Miles cards is that it usually takes a little while before you are able to reap any benefit from it. This is not the case with this credit card. New card owners will receive a 16 Rapid Rewards Credit bonus just for using your card for the first time, which is equivalent to one FREE round-trip flight to any Southwest destination. Earn airline rewards for up to an average of 20% faster than most cards with the Rapid Rewards Card.
In addition to earning your new account bonus, there are a number of other ways to accrue Rapids Rewards Dollars with this account. It will take you 16 Rewards Credits to earn a free round-trip flight to any Southwest Destination, and 1 Rewards Credit is the equivalent of $ 1200 Rapid Rewards Dollars. As stated before, there are a number of ways to earn Rewards Dollar quickly, some of which are as follows:
1. Earn 1 Rewards Dollar for every real $ 1 spent on all your day to day transactions
2. Earn Double (2x) Rewards Dollars for every $ 1 spent on Southwest Airlines tickets, in-flight purchases, Southwest Airlines Gift Cards, and even Southwest Vacation Packages
3. Earn Double (2x) Rewards when you use your Card from Chase at any partnered hotel chain and car rental company
Within the first ninety days of owning a Southwest Airlines Rewards Credit Card, you will earn 1 Rapid Rewards Credit for every $ 1,200 you make in balance transfers towards your new account. You can earn rewards points for up to a total of $ 9,600, which is the equivalent of 8 Credits. Card owners will also earn 2,400 Rewards Dollars, which is equal to 2 Rewards Credits when you reach your 12-month anniversary of account ownership.
Other Important Card Information (In not so fine print):
This credit card carries a Variable APR based on the prime rate, as of December 20, 2010 it is at 14.24%. The same rate applies to balance transfers. The Variable APR for cash advances is currently sitting at 19.24%. A balance transfer of either $ 5 or 3% of the total amount of the transfer, whichever is higher. The Southwest Airlines Visa Signature Card from Chase also has a cash advance fee of $ 10, or 3% of the total transaction amount, whichever is higher. Remember that no matter what credit card you are using, it is always best to completely pay off your statement balance at the end of every cycle whenever possible.
Some applicants of the Southwest Airlines RR Chase Card may receive a Visa Classic Card, as opposed to the Visa Signature Card. If this is the case for you, then you should definitely take note of the difference in account benefits and fees. This card does require an annual membership fee of $ 59 for Signature Card owners, and a $ 39 annual fee for Classic Card Members. If traveling abroad you will be able to use your Southwest Airlines Rapid Rewards Card, but you will be charged a 3% foreign transaction fee. Some additional fees that apply to the Southwest Airlines Chase Visa are the $ 35 over-lmiit fee, a $ 35 returned check or payment fee, and a $ 35 late payment fee.
All in all, this Chase Air Miles Card is one that allows you to reap the benefits much quicker and more often than others. If you are looking to get places fast and with no hassle, take a good look at the Southwest Airlines Rapid Rewards Credit Card.