jackparker_1, Member
@jackparker_1
There is no Southwest Plus Card 0% APR balance transfer offer, and there isn't any purchase intro 0% APR either. With that said, they do offer points for balance transfers, which is pretty uncommon.
You earn 1 point per $1 of the first $10,000 in Southwest Plus Card balance transfers. Keep in mind that the transfers need to be made during the first 90 days from when your account is open, and you'll also be charged Either $5 or 5% of the amount of each transfer, whichever is greater. of the amount you transfer to the card. Plus, the APR will be 20.74% - 27.74% (V).
Honestly, most credit cards do not offer rewards for balance transfers, so it's certainly unique in that matter. With all things considered though, there are many other credit cards better suited for balance transfers. The points you'd get from Southwest Plus Card are no match for the money you'd save with cards that give 0% APR intro periods on balance transfers.
Southwest Rapid Rewards® Plus Credit Card
People also ask
What's the starting credit limit for the Southwest Rapid Rewards Plus card?
Your Southwest Rapid Rewards credit limit will be determined based on your creditworthiness, income and debt. There's no way to tell in advance, unfortunately.
Some cardholders report initial credit limits of at least $3,000, and that is in line with the average limits for credit cards for good credit, such as this one.
read full answerDo balance transfers hurt your credit?
Balance transfers do hurt your credit when you open a new credit card account to do the transfer. Applying for a balance transfer credit card will generate a hard inquiry on your credit report, causing a slight dip in your credit score.
If you transfer a balance to an existing credit card account, however, there is no hard inquiry and no credit score damage. A balance transfer could still result in high credit utilization, though, and allow you to...
read full answerDid we answer your question?