Great. I just had a long post typed out and ready to submit, then when I logged in, FT ate it.....

Will try to reiterate. Basically I'm not finding much about the SWA Visa that's giving me cause for joy. 1500 Amex MR = 1 RR, which isn't that much more than the 1200 = 1 RR that I'm getting from the SWA Visa. Especially when I consider how many vendors from which I purchase frequently that are on the Amex Bonus Points Mall (REI, Sierra Trading Post, Overstock.com, etc.) All of which will grant 4 MR/$1.

I do realize there's the 2:1 premium for using WN partners, but 99% are hotel and car rentals. I get premium car rental insurance using PLAT, which is going to encourage me to continue to use it, and unfortunately I have hotel-branded cards for half of the hotel partners (Hilton, Choice, Marriott.) In each example I get at least 6:1 using the hotel's card at its property, with Choice topping out at a whopping 15:1. In any example I'll wind up ahead by using the hotel's own card, then xfer. Yes, I do have to pay fees for all these cards, but I can also use them for hotel stays without devaluing the points through transfers.

Are there no "everyday spend" categories, similar to Hilton's Surpass, which offers 6:1 at grocery, gas and drugstore? None at all? Choice offers 2:1 for everyday spend on its card and redemption is 3000 = 1 RR; very nearly as good as SWA's own card. Hilton's got 3:1 on everyday spend with a similar conversion rate.

Honestly there's just nothing that's got me very excited about having received SWA Visa, after the initial signing bonus is factored out. Is there something I'm missing, here....?