The Premier's case rests on what arrives every year regardless of spend: 6,000 anniversary points, 10,000 Companion Pass qualifying points, a 15% promo code on your cardmember anniversary, and a free first checked bag for you and up to eight passengers on the same reservation. At $149 that is a fair trade for a regular Southwest flyer, and it ranks #11 on our Best Airline Credit Cards list. The signup bonus is worth timing, though: Chase pushed it to 85,000 points at the end of May and cut it back to 55,000 after $1,500 of spend in the first three months on July 3, so today's offer is the floor rather than the ceiling. Everyday earning is unremarkable at 3 points per dollar on Southwest, 2 points at grocery stores and restaurants up to $8,000 a year, and 1 point elsewhere, so this is not a card for general spending. Count the up to $120 in annual Instacart credits and the complimentary DashPass year only if you will use them, and skip the card entirely if Southwest isn't your default airline.
Earn rates & credits
| Category | Rate |
|---|---|
Airlines Southwest Airlines purchases | 3x |
Groceries Grocery stores and restaurants (first $8,000/year) on first $8,000/yr, then 1x | 2x |
Dining Grocery stores and restaurants (first $8,000/year) on first $8,000/yr, then 1x | 2x |
Everything Else | 1x |
| Benefit | Value |
|---|---|
Anniversary Flight Discount 15% promo code on your cardmember anniversary for flight purchases (excludes Basic fare) | 15% /yr |
Companion Pass Qualifying Points Boost 10,000 Companion Pass qualifying points boost each year | 10,000 points /yr |
Inflight Purchase Rebate 25% back on inflight purchases | 25% |
Instacart Credits Up to $120 in Instacart credits annually with $0 delivery fees and 3 months complimentary Instacart+. | $120 /yr |
| Total annual credits | $120 |
Card details
Regular APR | 19.24%–27.74% variable |
Foreign transaction fee | None |