With the Southwest Rapid Rewards Premier Credit Card, you receive consumer benefits including purchase protection and an extended warranty on products bought with the card, and travel benefits including no foreign transaction fees, lost luggage reimbursement and baggage delay insurance. First and second checked bags fly free and no change fees apply.

Maximizing your rewards is straightforward with the Southwest Rapid Rewards Premier Credit Card. The more purchases you make using the card, the more points earn. You earn two points per dollar on Southwest purchases and Rapid Rewards hotel and car rental partner purchases. Additionally, you earn one point for all other purchases.

You will earn 40,000 bonus points if you make $1,000 on purchases in the first 3 months. Plus, you can earn 3X points on dining, including takeout and eligible delivery services, for the first year.

Annual fee: The Southwest Rapid Rewards Premier Credit Card charges a $99 annual fee. The Southwest Rapid Rewards Plus Credit Card charges a $69 annual fee.

Rewards: Both the Southwest Rapid Rewards Premier Credit Card and Southwest Rapid Rewards Plus Credit Card offer points as a reward for all purchases. You get two points per dollar on Southwest purchases and Rapid Rewards hotel and car rental partner purchases. All other purchases earn one point per dollar. With the Southwest Rapid Rewards Premier Credit Card, you earn 6,000 points on your cardholder anniversary. With the Southwest Rapid Rewards Plus Credit Card, you earn 3,000 points on your anniversary.

Sign-up bonus: With either card, you can earn 40,000 bonus points after spending $1,000 on purchases in the first 3 months. Plus, you can earn 3X points on dining, including takeout and eligible delivery services, for the first year.

Benefits: Both the Southwest Rapid Rewards Premier Credit Card and Chase Southwest Rapid Rewards Plus Credit Card offer valuable consumer and travel benefits including purchase protection and extended warranty coverage on products purchased with the card, and a range of useful travel benefits. The Southwest Rapid Rewards Premier Credit Card has no foreign transaction fees, but the Southwest Rapid Rewards Plus Credit Card has a 3% foreign transaction fee.

Annual fee: There is a $99 annual fee for the Southwest Rapid Rewards Premier Credit Card. The Chase Sapphire Preferred Card has an annual fee of $95.

Rewards: The Southwest Rapid Rewards Premier Credit Card offers points as a reward for all purchases. You get five points per dollar on up to $2,000 in monthly Southwest purchases made between Dec 1, 2020 and Mar 31, 2021 (then two points per dollar). All other purchases earn one point per dollar. The Southwest Rapid Rewards Premier Credit Card offers 6,000 points on your cardholder anniversary. The Chase Sapphire Preferred Card offers five points per dollar on Lyft rides (valid through March 2022), two points per dollar on travel and dining at restaurants and one point per dollar on all other purchases.

Sign-up bonus: With the Southwest Rapid Rewards Premier Credit Card, you can receive 40,000 bonus points after spending $1,000 on purchases in the first 3 months. The Chase Sapphire Preferred Card offers a 80,000-point sign-up bonus if you spend $4,000 on purchases in the first 3 months from account opening.

Benefits: Both cards offer account holders Visa Signature benefits including purchase protection and extended warranty coverage on products bought with the card, and useful travel benefits including no foreign exchange fees.