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Southwest Rapid Rewards® Priority Credit Card

Southwest Rapid Rewards
Welcome bonus
60,000 points
≈ $780 at 1.3¢ per point
after $2,000 spend in 3 months
Annual fee$229 
Value per point~1.3¢median of 6 published valuations
First-year value*$1,049easy credits counted · $1,049 with none
Year 2+ value*$366each year after the first, after the fee · $366 with no credits
$229 fee vs $120 in stated credits a yearFace value. You’d use $0 by our default → yearly cost after year 1 $229 ↓
Worth ~1.3¢/pt, median of 6 published valuations

Range 1.2–1.52¢. No published value from Bankrate. Checked 2026-10-23. How we use these

See the offer on Chase’s site ↗ Run your own numbers

Data checked by Chris Manns · Last updated October 23, 2026

Source: Chase card page · checked October 23, 2026. *Value uses our sample profile ($31,100/yr spend, no favorite airline or hotel) and the community value of 1.3¢ per point (median of published valuations) — see method.

Credits & perks

Annual fee$229
vs
Stated credits a year$120face value, as Chase states it
Face value isn’t real value. A $25-a-month credit for something you’d never buy is worth $0 to you, and most credits are use-it-or-lose-it by month, quarter or half-year. Tick only what you’d spend on anyway.

Which would you actually use?

Our assumption: the boxes ticked to start are the “easy” credits: broad, flexible or automatic (general travel credits, airline-fee credits on any airline, Global Entry/TSA, anniversary free nights). Niche or single-merchant credits start unticked. Your choices are saved in this browser and also used by the calculator.

Your net cost$229Yearly cost after year 1: annual fee − credits you’ll use ($0)
Year 2+ value*$366each year after the first, after the annual fee, with your ticks
First-year value*$1,049bonus + earning + credits − fee

Counts each ticked credit at 100% of face value. Global Entry/TSA counts as a quarter a year. Free nights use our point values. *At our sample profile; how credits are counted.

Perks with no stated $ value

Lounges, status, bags and similar. We don’t put a number on these unless the issuer does.

  • bags First checked bag free for you and up to 8 people
  • travel Complimentary Preferred seat at booking, when available
  • travel Unlimited Extra Legroom seat upgrades within 48 hours of departure, when available
  • boarding Group 5 boarding
  • companion 10,000 Companion Pass qualifying points boost each year
  • status 2,500 A-List tier qualifying points per $5,000 spent

Source: Chase card page and benefit terms · checked 2026-10-23.

How it earns

  • 4x Southwest only Flights (booked with the airline)
  • 2x Gas & EV charging, Dining & takeout
  • 1x everything else

Annual bonus points

  • 7,500 anniversary points each year

Offer details

  • 60,000 points after $2,000 in 3 months

Annual fee $229. Credits from the issuer page are in Credits & perks above.

Questions about the Southwest Rapid Rewards Priority

What is the Southwest Rapid Rewards Priority welcome bonus?

60,000 points after $2,000 in 3 months, about $780 at the median published point value, per Chase’s card page checked October 23, 2026.

What is the Southwest Rapid Rewards Priority annual fee?

$229 a year, as listed on Chase’s page on October 23, 2026.

How much are its points worth?

About 1.3¢ each: the median of 6 published valuations (range 1.2–1.52¢), checked October 23, 2026.

What credits does the Southwest Rapid Rewards Priority include?

$120 a year in stated credits at face value, across 1 credit. By our default (only easy, flexible credits) you’d use $0, so the yearly cost after year 1 is $229.

Is the Southwest Rapid Rewards Priority worth it?

It depends on your spending. At our sample profile ($31,100 a year, easy credits only) it comes to $1,049 in the first year and $366 each year after (Year 2+ value, after the annual fee). Enter your own numbers in the calculator.

Data notes:
  • No annual Southwest travel credit was found on the issuer page on this date; none is counted.

The math at our sample profile

Sample: Dining & takeout $4,800 · Groceries $7,200 · Gas & EV charging $2,400 · Flights (booked with the airline) $2,000 · Hotels (booked with the hotel) $1,500 · Other travel $1,200 · Everything else $12,000. Credits: our default “easy” ticks.

Welcome bonus: 60,000 points × 1.3¢$780
A year of earning: 38,300 points × 1.3¢$498
Annual bonus points (7,500) from year 2$98
Annual fee−$229
First year / Year 2+$1,049 / $366

Use my own spending →

Verify everything on the issuer’s site before applying; offers change and may differ for you. We don’t list APRs: see the issuer’s pricing & terms. TravelCardMath earns nothing from this card today.