Chase and Southwest have brought back the ever-popular 50,000 point sign up bonus for the Southwest Rapid Rewards credit card. The offer isn’t quite as good as it has been in the past, as you’re now required to spend at least $1,000 in the first 3 months of opening your account in order to earn your bonus (compared to earning the bonus on your first purchase), but it’s still a relatively low spend requirement.

50,000 bonus points can be redeemed for $833 towards Wanna Get Away fares–enough in most cases for at least 2 roundtrip flights.

For more in-depth info on the card’s features, see this post.

Update: This 50,000 point offer has expired.

Update 11/13/12: The 50,000 point offer has resurfaced, but now with a $2,000 minimum spend requirement.

Update 3/28/13: This offer has expired.