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Getting super-cheap flights isn’t the only reason to stay loyal to Southwest. Home to the Rapid Rewards program, this budget airline has poured a lot into its suite of personal and business credit cards. Tens of thousands of reward points are on the table right now as part of a specific limited-time offer if you have the credit score and income in place to get approved. We’ll get to the details on that in just a minute.
Southwest is one of the better rewards platforms out there to tie your sails to for a number of reasons.
First, it’s the only program that offers unlimited reward seats that are totally unfettered. You’re not dealing with things like blackout dates and expiration deadlines for your points. There’s also tons of built-in ways to save when you make Southwest your go-to airline for earning points. Just the fact alone that your bags fly free with Southwest by default means that you don’t have to worry about applying any of your hard-earned rewards to luggage when you could be scooping up choice seats instead. Southwest also doesn’t ding you with change fees. The point being made here is simply that Southwest really makes you feel like you can dig into your rewards without tons of restrictions and red tape.
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- Best Travel Rewards Credit Cards
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- Best Overall in 2022
Currently you have 4 Southwest Credit Card Options to choose from. Here are those offers followed by some of their features and highlights:
Southwest Rapid Rewards® Priority Credit Card (annual fee of $149)
- Earn 40,000 bonus points after spending $1,000 on purchases in the first 3 months
- Receive 7,500 anniversary points and a $75 Southwest® travel credit each year
- 3X points on Southwest purchases
- 2X points on local transit and commuting, including rideshare
- 2X points on internet, cable, phone services and select streaming
Southwest Rapid Rewards® Premier Credit Card (annual fee of $99)
- Earn 40,000 bonus points after spending $1,000 on purchases in the first 3 months
- Receive 6,000 anniversary points each year
- 3X points on Southwest® purchases
- 2X points on local transit and commuting, including rideshare
- 2X points on internet, cable, phone services and select streaming
- 2 EarlyBird Check-In® each year
Southwest Rapid Rewards® Plus Credit Card (annual fee of $69)
- Earn 40,000 bonus points after spending $1,000 on purchases in the first 3 months
- Receive 3,000 anniversary points each year
- 2X points on local transit and commuting, including rideshare
- 2X points on internet, cable, phone services and select streaming
- 2 EarlyBird Check-In® each year
Southwest® Rapid Rewards® Premier Business Credit Card (annual fee of $99)
- Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open
- Earn 3 points per $1 spent on Southwest® purchases
- Earn 2 points per $1 spent on Rapid Rewards® hotel and car partners
- Earn 2 points per $1 spent on local transit and commuting, including rideshare
- Earn 1 point per $1 spent on all other purchases
How to Determine the Credit Score Needed for a Southwest Card
While Southwest doesn’t publish its formula for determining who qualifies for Southwest-branded credit cards, there are a few open secrets regarding how the company qualifies cardholders. First, you should know that there’s more scrutiny as you move up to the elite cards. If your credit is a little shaky, you may still be able to get your hands on one of the basic cards in the Southwest roster. However, you also have to be prepared to appeal for manual approval to “make your case” if you don’t get approved automatically.
Credit Range Required for Southwest Rapid Rewards Credit Cards
As a rule, Southwest only automatically approves card applicants with credit scores in the “good” range for its basic cards. That means that going in with a credit score between 700 and 850 is ideal. While there may be some wiggle room below 700 if you only need a basic card, you’ll need to hit 600 at the minimum. Once you’re going for the premium cards in the Southwest lineup, the threshold where people seem to be getting approved smoothly is around 740.
Income Needed for Southwest Rapid Rewards Credit Cards
Again, Southwest doesn’t post any requirements for income. Like most credit cards, Southwest cards use an approval process based on the CARD Act that requires credit card companies to ensure that applicants have the monthly income needed to make monthly payments without necessarily setting a specific minimum requirement for income. That means that Southwest is mostly concerned with your debt-to-income (DTI) ratio when approving you for a credit card. Your DTI is actually what any lender is looking at whenever you apply for a loan, mortgage or some type of financing product.
DTI is a percentage expressing how much of the gross monthly income that you’re taking in goes toward paying down debt. A person with a higher income can have a much higher DTI than a person with a lower income. This is why there’s no “clear” answer about income requirements. While making six figures is going to put you in a better spot to qualify for a Southwest card than someone making $50,000, your DTI can skew things away from your favor.
In the mortgage world, lenders probably aren’t going to give you a loan if your DTI is up above 43 percent. Where it gets tricky is that there’s no standard in the credit card world. While we know that credit card companies like a lower DTI, we don’t exactly know what number they use for cutting applicants off. However, we do know that the Federal Reserve’s standards see anything above 40 percent as being a sign of stress. The Federal Reserve considers a DTI of 20 percent to be good. It’s estimated that credit cards are generally happy with applicants with DTIs of 30 percent. You can figure out your own personal DTI right now by dividing your total monthly debt by your total monthly gross income.
Keep in mind that income isn’t just “wages” when you’re talking about credit card applications. In addition to personal income, you can submit information regarding gifts, allowances, Social Security benefits, trust distributions, scholarships and grants to boost your income. The income of a spouse or partner can also be included.
The Chase 5/24 Rule
Before dipping your toe into the Southwest family of credit cards, you need to know about the Chase 5/24 rule. This infamous rule that is technically “off the record” is one of the biggest determining factors regarding whether or not you’ll get a credit card. It’s known that Southwest credit cards are subject to the 5/24 rule.
The gist of the 5/24 rule is that you’ll be automatically denied for a new Chase credit card if you’ve already been approved for five credit cards within the last 24 months. That means that opening five cards or more in two years will get you cut off from new cards that come with tons of shiny perks. The reason why Chase does this is simply to knock out the “churn” problem that is so common when cards offer perks and rewards. Customers will often try to legally “scam” the system by opening tons of new credit cards with generous sign-on bonuses before closing them before the next annual fee is due. While most credit card companies don’t want to discourage people from opening multiple cards, the policy of no more than five cards every two years is in place to prevent excessive activity with opening and closing accounts. This makes searching for the right card with the right perks even more important because you don’t want to waste one of your approvals on a card that won’t serve you as well as another card.
Credit Score Needed for Southwest Rapid Rewards® Plus Credit Card
Let’s talk about what you need for a credit score for the baseline Rapid Rewards card. While this is a great card for someone who travels here and there, it is by no means a powerhouse travel credit card. It offers some great everyday perks that definitely make it worth considering. While you may be interested in this card if you’re only a light traveler, it’s also a good card to consider if you’re a heavy traveler without the credit score to qualify for a more elite card within the Southwest roster. The two points per $1 spent on Southwest purchases combined with one point for every $1 spent on everyday purchases will make this a great option for everyday purchases with a travel slant even though you’re not getting the cash back and travel credits packed into the other credit cards. Keep in mind that this card is the only one in the Southwest roster of personal cards to not waive foreign transaction fees.
Generally, you’ll need to be up over 600 with your credit score to even be considered for this card. Getting to the 650 range is better for an automatic approval. If you get denied with a credit score below 650, you can appeal to have your application manually approved if you’re convinced that your income and DTI will be enough to get you over the line.
Credit Score Needed for Southwest Rapid Rewards® Priority Credit Card
If you want 7,500 anniversary points, $75 in Southwest annual travel credits, four seat upgrades per year and 20 percent back on all in-flight drink and Wi-Fi purchases, be prepared to show up with a higher credit score. Considered the elite card in the lineup, the Priority card from Southwest typically requires a credit score of 700 and above. While there may be some leeway if you’re up near 680 or 690, be prepared to make a case with a very high income and low DTI if you appeal your denial because you’re below 700. This is a great card for someone who travels with Southwest frequently. The 20 percent back on in-flight drinks and Wi-Fi is a really good catch. This is also the only card of the three to offer upgraded boardings simply because you happen to own the card. You don’t have to reach any minimum balance to get these four free boarding upgrades. It’s also the only card of the three to give an annual travel credit. Your purchases with this card also set you up for tier-qualifying travel credits. While this card comes with an annual fee of $149, the perks built into the card will more than pay for the annual fee if you travel just a handful of times in a year.
Credit Score Needed for Southwest® Rapid Rewards® Premier Business Credit Card
A great pick if you have a small business that sees you boarding Southwest flights a few times per year, the Premier card gives you 6,000 bonus anniversary points each year on a card with an annual fee of just $99. We can see some pretty big overlaps between what this card offers and what the cards in Southwest’s personal lineup offer. The biggest similarity is that you’re getting two times the points on Southwest purchases with that consistent matching of one point for every dollar on everyday purchases.
A credit score of 700 to 850 is recommended when applying for the Southwest Rapid Rewards Premier Business Visa. Ideal for small-business owners who make frequent trips with Southwest, this card offers a smart way to earn points and perks without a big investment. It offers quite an upgrade from the already impressive Premier business card. Just keep in mind that it comes with an annual fee of $199 that’s essentially double the annual fee of its “younger sibling.”
The 9,000 anniversary points given every year really put a bow on this card. This card also brings things up to the next level from the personal cards because it allows you to earn three points for every $1 spent on Southwest purchases instead of just two. It also gives you a special category for earning two points for every $1 spent when you make purchases for social media, advertising and more using your card. That all comes on top of the one point for each $1 spent that you get for all purchases. The reason why this is a top business card for anyone who books flights frequently with Southwest is that it packs in tons of traveler perks that will only be appreciated if you actually fly with this card. Business owners who don’t fly often probably won’t appreciate these ultra-specific perks. The first notable perk is that you can earn up to 365 in-flight Wi-Fi credits per year. The second is that you get Global Entry or TSA Pre✓ credits totaling up to $100 every four years. You’re also getting four boarding upgrades per year like you get with the Priority personal credit card.
Final Thoughts
The big thing to remember is that required credit scores are only recommendations. Like all credit card brands, Southwest doesn’t publish or publicize its minimum requirements to qualify for cards. There’s no doubt that the company uses complicated formulas to identify low-risk and high-risk cardholders. However, we don’t know the specific cutting-off points used by the company when determining who can qualify. This is why you’ll see outliers discussing how they were approved for a credit card with a credit score below 600 even though it’s thought to be “impossible” to get a card with a score that low. In these cases, Southwest may be approving a person because they happen to have a very strong income.
What is the big takeaway when figuring out the credit score needed to be approved for a Southwest personal or business credit card? Generally, you won’t be approved for any cards in the Southwest roster without a credit score of at least 600. As you move up to the more elite cards, 700 becomes the assumed minimum. Southwest’s business cards also tend to prefer applicants in the range of 690 to 850.
If you get denied for a Southwest credit card when you apply online, it doesn’t have to be the end of the story. You can contact customer service to ask to have your application manually reviewed by someone. While this isn’t a guarantee that you’ll get your application approved once someone gives it a second glance, this can be an option if you have a high income with low a DTI even if your credit score is lagging just slightly.
What should you do if you want to sign up for one of these cards? First, check your credit score to see where you stand. This is going to help you avoid any unnecessary pulls that are going to be done when you apply for cards that are “out of your league.” Once you’ve decided that you definitely want to get your first Southwest card, sign up for the Rapid Rewards program if you’re not already enrolled. This is actually the program you’ll be using to redeem the travel perks and rewards you earn with your Southwest credit card.
✈️ Looking for a new travel credit card this year? See today’s top offers below: