Frequent Southwest flyers who want Companion Pass help and free bag perks.
Travelers who fly multiple airlines or want a no-annual-fee rewards card.
This is a credit card, not a deposit product, so APY comparison to savings benchmarks doesn't apply here. The real question is whether the $99 annual fee earns its keep — and for a committed Southwest flyer, the math is straightforward. The free first checked bag alone saves roughly $35–$40 each way, meaning a single round trip with checked luggage comes close to breaking even on the fee before you count a single reward point. Layer in the 3,000 anniversary bonus points (worth roughly $40–$50 toward Southwest flights at typical redemption rates), a 10% flight discount promo code, and 10,000 Companion Pass qualifying points per year, and the annual value for a moderate Southwest flyer can easily reach $150–$200+. The 50,000-point welcome bonus after a modest $1,000 spend in 3 months is a strong entry offer by current airline card standards. The 2X rate expanding to gas and grocery (up to $5,000/year) is a meaningful recent upgrade that makes everyday spend more productive. The variable purchase APR of 19.24%–27.74% is in line with the current rate environment given the Fed Funds Rate at 3.63%, but carrying a balance will erode rewards fast — this card rewards payoff-in-full users only.
Read the Schumer Box for the purchase APR, cash advance APR, and foreign transaction fee. Confirm the annual fee after the first year.
Jun 5, 2026
SwitchWize Research Desk · methodology
- FDIC insured up to $250,000
- Monthly fee: Fixed monthly fee (amount not specified on page)
Apply online at creditcards.chase.com — sign in to an existing Chase account for a faster process or apply as a guest. Approval may grant instant card access via digital wallet the same day. Standard credit underwriting applies.
This is a credit card, not a deposit product, so APY comparison to savings benchmarks doesn't apply here. The real question is whether the $99 annual fee earns its keep — and for a committed Southwest flyer, the math is straightforward. The free first checked bag alone saves roughly $35–$40 each way, meaning a single round trip with checked luggage comes close to breaking even on the fee before you count a single reward point. Layer in the 3,000 anniversary bonus points (worth roughly $40–$50 toward Southwest flights at typical redemption rates), a 10% flight discount promo code, and 10,000 Companion Pass qualifying points per year, and the annual value for a moderate Southwest flyer can easily reach $150–$200+. The 50,000-point welcome bonus after a modest $1,000 spend in 3 months is a strong entry offer by current airline card standards. The 2X rate expanding to gas and grocery (up to $5,000/year) is a meaningful recent upgrade that makes everyday spend more productive. The variable purchase APR of 19.24%–27.74% is in line with the current rate environment given the Fed Funds Rate at 3.63%, but carrying a balance will erode rewards fast — this card rewards payoff-in-full users only.
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