Southwest Rapid Rewards Plus by Chase: 2X SW, 1X everything. $99 annual fee. 50,000-point welcome bonus. Rates and credits verified from issuer pages.
The Southwest Rapid Rewards Plus is Chase's mid-tier credit card. The $99/yr annual fee includes a 50,000-point welcome bonus after spending $1,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| DoorDash quarterly discount | $40/qtr | $10 off one qualifying non-restaurant DoorDash order per calendar quarter ($40/yr). Requires active DashPass membership. Through 12/31/27 |
Welcome bonus value (year one): ~$1000. Annual statement credits: $40. Minus the $99 annual fee = ~$941 in year-one net value before any spending earn.
Best fit: someone whose category spending matches the card's earn multipliers. Skip if: your spending pattern is flat across categories — a 2% flat-rate card would beat this.
50,000 points after spending $1,000 in the first 3 months. At our ~2¢/pt valuation, that's roughly $1000 in real value.
Year-one math: welcome bonus value (~$1000) + annual credits ($40) − $99 fee = ~$941 net before spending earn. Year-two onward, the credits alone need to clear $99 — they do not. Worth it if you'll use the credits, skip if you'd let them expire.
1 recurring statement credit: DoorDash quarterly discount ($40). Total: $40/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Chase's product page has the current rate.