The Offer
- Chase is offering the following bonus on the personal Rapid Rewards Plus card:
- $200 statement credit after first purchase
- 40,000 points after $1,000 in spend within the first three months
Card Details
- Annual fee of $69 is not waived first year
- 3,000 bonus points after your cardmember anniversary
- Card earns 2x points on all Southwest purchases and 1x points on all other purchases.
- Chase 5/24 rule does apply to this card
Our Verdict
We saw offers of 75,000 points after $5,000 in spend earlier this year. Most people like to get these Southwest cards to get enough points for the Southwest companion pass. Given how much Southwest points are worth and the fact that getting this smaller 40,000 bonus will make it harder to get a companion pass and the fact that we saw a 75,000 offer this year I don’t think this offer is particularly good. If the annual fee was waived then I could maybe see people that were prioritizing cash bonuses over travel rewards being tempted. I won’t be adding this to our list of the best credit card bonuses.
It’s also important to remember that many readers will not be eligible for this card due to the Chase 5/24 rule or because you’re a current Southwest cardholder or have received a bonus within the past 24 months. As always read these things everybody should know about Chase credit cards before applying.
