A bunch of people have been asking me about credit cards for free flights lately (I’ve probably gotten 500,000 miles in the past year from credit card bonuses), so I’ve decided to start posting the good ones here.
Southwest Airlines just announced a 50,000 point bonus for their Southwest Airlines Visa Card. Although it does have a $99 fee, the normal bonus is only 20,000 miles, and you’ll get the bonus after making just 1 purchase, so this is a pretty good deal if you live in a city where Southwest flies.
They’ve got a somewhat complicated redemption scheme based on the type of fare you’re using:
It’s 60 points for $1 worth of “Wanna Get Away” Fares
It’s 100 points for $1 worth of “Anytime” Fares
It’s 125 points for $1 worth of “Business Select” Fares
In short, you can get $833 worth of flights on restricted fares and $416 worth of flights on the least restricted fares. On Southwest, that typically equates to somewhere between 2 and 4 free flights on the restricted fares.
The other nice thing about Southwest is that you can redeem those points for gift cards (a la Membership Rewards) at a 100:1 ratio, so those 50,000 points will get you $500 worth of gift cards for just the $99 fee. Not too bad either.
Remember with Chase that you can apply for a new Chase card only every 30 days.