Premium Rewards vs Southwest Priority
Premium Rewards
$95/yr
7.5/10
VS
Southwest Priority
$229/yr
6.0/10
Quick Answer
Premium Rewards charges $95/yr with 1X base rewards. Southwest Priority charges $229/yr with 1X base rewards. Premium Rewards offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Premium Rewards
Lower annual fee ($95 vs $229)
Rewards Earning
Southwest Priority
6 earning categories
Benefits & Protection
Premium Rewards
5 benefits vs 0
Statement Credits
Southwest Priority
$75 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Premium Rewards wins for most people
The $134 fee difference is hard to justify unless you maximize premium benefits.
Apply for Premium RewardsPREMIUM PICK
Southwest Priority wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Southwest PriorityRewards Earning: Detailed Comparison
Premium Rewards
| Travel purchases | 2.0X |
| Dining | 2.0X |
| Everything else | 1.5X |
Southwest Priority
| Southwest purchases | 3.0X |
| Hotel & car rental partners | 2.0X |
| Local transit & commuting | 2.0X |
| Streaming services | 2.0X |
| Internet, cable, phone | 2.0X |
| Everything else | 1.0X |
Card Benefits: Detailed Comparison
Premium Rewards (5 benefits)
- Trip Cancellation and Interruption Insurance (up to $2,500)
- Trip Delay Reimbursement
- Auto Rental Collision Damage Waiver
- Purchase Protection (up to $1,000)
- Extended Warranty
Southwest Priority (0 benefits)
See full review for benefits details.