
Chase sent out a promotional email to me today advertising their Southwest Airlines Rapid Rewards Visa. This offer is worth passing along because it is much more rewarding than previous offers. It offers 16 Rapid Rewards credits with your first purchase. That is one free roundtrip anywhere in the US that they fly. The card has a $59 annual fee (so you don't want to keep long enough to pay that fee twice). Be careful on the balance transfer option, that could prove to be very costly in the long run. Also, don't get a second card on the same account for a spouse, consider each signing up on your own.
Now here is the hard part, I looked over the terms, and it does not indicate that this offer is just for me (there is another offer for 32 credits, but only the person targeted can apply for that offer ...... if you happened to have gotten that offer in your email inbox, apply for it as fast as you can.) You may wish to call Chase either right after applying or right before to ensure the offer will apply.
Here is a cut and paste of the email sent to me.
Here is the offer you've been waiting for is here--a FREE roundtrip flight* after just one purchase!
You
Have 0 RAPID REWARDS
credits as of 01/19/10.
+ 16 Bonus credits
after the first use1.
+
Up to 8 More credits
when you transfer a balance today1.
Up to 24 TOTAL RAPID REWARDS CREDITS.
Low annual fee and balance transfer fees apply
Dear Mike,
You've patiently waited for an offer you couldn't refuse, and now, your patience has paid off! Receive 16 credits--a FREE flight--the first time you use your card!
Then, continue to earn more free flights fast with these great ongoing benefits:
Double Reward Dollars on Southwest Airlines flight, inflight, southwestgiftcard®, and Southwest Airlines Vacations package purchases.2
Double Reward Dollars on Rapid Rewards Hotel and Rental Car Partner purchases.2
Visa Signature® benefits such as free concierge service and special access to exclusive events.3,4
Low annual $59 fee.5
This is a limited time offer--don't miss out on your FREE FLIGHT!
TERMS AND CONDITIONS:
* Travel is subject to the government-imposed September 11th Security Fee of up to $10 per roundtrip. An annual fee will apply to your Southwest Airlines Rapid Rewards credit card account. Please see Pricing and Terms for credit card pricing details.
1 You will qualify and receive 16 bonus credits after your first purchase/first use of the card. First purchase/first use includes purchases, balance transfers, or any checks that are used to access your account, and excludes cash advances. One bonus credit will also be credited to your Rapid Rewards account for each $1,200 in balance transfers within the first 90 days from account opening, up to a maximum of 8 credits (or $9,600). Balance transfers are subject to a fee of 3% of the amount transferred with a minimum of $5. Southwest Airlines will issue a free roundtrip flight for every 16 Rapid Rewards credits accumulated during any consecutive 24-month period. Please allow 6 to 8 weeks for bonus credits to post to your Rapid Rewards account. This bonus offer is valid only for first-time Southwest Airlines personal cardmembers with new accounts. Existing Southwest Airlines personal cardmembers/accounts are not eligible for this bonus offer.
2 You will earn 2 Reward Dollars for each $1 of net purchases made directly with Southwest Airlines, including flight, inflight, southwestgiftcard, and Southwest Airlines Vacations package purchases. You will earn 2 Reward Dollars for each $1 of net purchases at participating Southwest Airlines Rapid Rewards Preferred Hotel and Rental Car Partners. You will earn 1 Reward Dollar for each $1 of all other net purchases. Each year, you will receive 2,400 Reward Dollars (2 Rapid Rewards credits) after your Anniversary. ("Anniversary" means the year beginning with the date of your account opening through the first statement after the anniversary of the date of your account opening, and each twelve months thereafter.) Once you earn 1,200 Reward Dollars, you will receive 1 Southwest Airlines Rapid Rewards credit. You do not earn Reward Dollars on balance transfers after the first 90 days from account opening, cash advances, any checks that are used to access your account, travelers checks, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including fees for products that protect or insure the balances of your account. See Southwest Airlines Rapid Rewards Visa Program Rules and Regulations, which will be mailed after your account is established.
3 In certain circumstances, you may receive a Visa Classic card with different credit availability instead of a Visa Signature card. Some Classic card rewards and benefits are different from the Signature card rewards and benefits. Classic card rewards do not include the 2 Reward Dollars for each $1 of net purchases at participating Southwest Airlines Rapid Rewards Preferred Hotel and Rental Car Partners or the 2,400 Reward Dollars (2 Rapid Rewards credits) each year after your Anniversary. Classic card benefits include the bonus offer(s) described in this offer. The Classic card and Signature card have annual fees of $39 and $59, respectively. Once your account is opened, please see Southwest Airlines Rapid Rewards Visa Program Rules and Regulations and your credit card benefits materials for details.
4 Cardmembers are responsible for the cost of any goods or services purchased through Visa Signature Concierge.
5 An annual fee will apply to your Southwest Airlines Rapid Rewards Visa Signature card account. Please see Pricing and Terms for details.
SOUTHWEST AIRLINES RAPID REWARDS PROGRAM INFORMATION
Southwest Airlines Rapid Rewards rules and regulations apply to the Southwest Airlines Rapid Rewards frequent flyer program. The Southwest Airlines Rapid Rewards Visa Program is brought to you by Southwest Airlines and Chase. Southwest Airlines Rapid Rewards credits are not the obligation of Chase. Rapid Rewards credits can only be transferred to the primary cardmember's Rapid Rewards account. Southwest Airlines will issue a free roundtrip flight for every 16 Rapid Rewards credits accumulated during any consecutive 24-month period. Rapid Rewards credits received from the Southwest Airlines Rapid Rewards Visa card will be combined with Rapid Rewards credits received from Southwest Rapid Rewards Preferred Partners and flights on Southwest Airlines in your Rapid Rewards account.
Travel good on Southwest Airlines published, scheduled service. All Rapid Rewards rules and regulations apply.