The Premier sits in the middle of Southwest's personal lineup, and its $149 annual fee is partly offset by 6,000 anniversary points, a 15% flight discount code each anniversary year and a free first checked bag for you and up to eight companions on the same reservation. Chase recently cut the signup bonus from 85,000 to 55,000 points, which makes the offer far less exciting than it was this summer, though the $1,500 spend requirement is easy. It earns 3 points per dollar on Southwest purchases and 2 points at grocery stores and restaurants on the first $8,000 a year, with 1 point on everything else. Complimentary Preferred seat selection within 48 hours of departure, a 10,000-point Companion Pass boost, 25% back on inflight purchases and up to $120 in Instacart credits round out the package. It suits regular Southwest flyers, but anyone chasing a big bonus may want to wait for a better offer.
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 |