The annual fee is $149, but you get the $75 credit so it actually costs less than the Rapid Rewards Premier Credit Card.
The offer is pretty sweet especially if you can swing the extra $15,000 spend in the first year.
One other catch, if you currently have a Southwest personal credit card OR have received the bonus in the past 24 months, you are not eligible for this card.
Depending on what the new offer is on this card, I may cancel my personal Southwest Premier card and apply for this one. I will time it so I get the bonus in early 2019 to qualify for the companion pass. The companion pass is a buy one, get one FREE on Southwest flights. It is good for the year you earn it and the following year. Amazing perk!
I'll keep you posted.
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