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Card Economics
- Annual Fee
- $229
- Ongoing Annual Value
- $8
- First-Year Value Estimate
- $515
- Net Value
- −$221
Card type: PersonalForeign transaction fee: NoneCurrency: Southwest Rapid Rewards
Earning Structure
5XLyft (through 12/31/2027; must be default payment method in Lyft app)6.5%
4XSouthwest purchases5.2%
2XDining2.6%
2XGas2.6%
1XAll other purchases1.3%
Highlighted categories return more than 2%, the rate a flat 2% cash-back card pays on everything.
Benefits
Worth it for me?Credits & Perks (2)
- Instacart: $10 (Monthly)
$10 Instacart credit every month with an active Instacart+ membership through December 31, 2027
- DoorDash: $10 (Quarterly)
$10 off one qualifying non-restaurant DoorDash order each quarter (activate by 12/31/2027)
Elite Status (1)
- Southwest Rapid Rewards: Earn 2.5K TQPs for each $5K in purchases toward A-List status
Protections (6)
- Travel Accident Insurance — up to $500,000 — Up to $500,000 for Common Carrier travel accident, $100,000 for 24-hour travel accident
- Lost Luggage Reimbursement — up to $3,000 — Up to $3,000 per covered traveler per trip for lost, damaged, or stolen luggage; sub-limit of $500 for jewelry/watches and cameras/electronics
- Baggage Delay Insurance — up to $300 — Up to $100 per day for 3 days when baggage delayed over 6 hours
- Purchase Protection — up to $500 — 120 days coverage for theft, damage, or involuntary and accidental parting, up to $500 per item
- Extended Warranty — up to $10,000 — Extends manufacturer's U.S. repair warranty by 1 year (max 3 years original warranty)
- Auto Rental Collision Damage Waiver (secondary) — Secondary coverage in the US, primary outside the US, up to $60,000 for theft or collision damage to rental vehicle
Other Perks
- 7.5K Anniversary bonus points
- 10K Companion Pass qualifying points each year
- First bag free for cardholder and up to 8 companions
- 15% promo code each year on cardmember anniversary (excludes Basic fare)
- Group 5 boarding for cardholder and up to 8 companions (for flights with assigned seating in 2026+)
- Standard or Preferred seat selection at booking (when available) - for 2026+ flights
- Unlimited Extra Legroom Seat upgrades within 48 hours of departure (when available) - for 2026+ flights
- Complimentary DoorDash DashPass for 12 months (activate by 12/31/2027)
- Big spend bonus: If you earn 135K points in one calendar year, you'll get a companion pass good for the rest of that calendar year and all of the next year
- Complimentary Instacart+ membership for 3 months (activate by 12/31/27)
- 25% back on Southwest inflight purchases
