Southwest® Rapid Rewards® Premier Business Credit Card Review
Business owners who frequently travel on Southwest Airlines may find the Southwest® Rapid Rewards® Premier Business Credit Card an ideal basic credit card. It offers exclusive travel perks for cardholders, allowing them to easily earn unlimited miles and bonus points with eligible purchases.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
The Southwest Rapid Rewards® Premier Credit Card Business benefits individuals who travel often for business. It is a great tool to collect miles faster. These can be redeemed as payments or help earn the Companion Pass, which can make the $99 annual fee worth it. This credit card is also ideal for international transactions as it does not charge foreign transaction fees. You can even add employee cards at no additional cost. However, it has a high APR, which isn’t great if you plan to carry a balance.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Southwest® Rapid Rewards® Premier Business Credit Card at a Glance
The Southwest Rapid Rewards® Premier Credit Card Business card benefits individuals who regularly travel for business. It is a great way to collect miles faster, which you can redeem and use for various transactions. This credit card is also ideal for international transactions as it does not charge foreign transaction fees. You can even add employee cards at no additional cost. However, it has an annual fee of $99 and a high APR. That said, you can avoid dealing with the high APR if you plan your purchases and pay your card off in full every month.
- Southwest® Rapid Rewards® Premier Business Credit Card
A great miles credit card for international purchases with multiple miles-earning and redeeming opportunities
- Good–ExcellentRecommended Credit
- $99Annual Fee
- 1–2 Points per $1*Rewards Rate
- 2xRewards Rate on Air Travel
- 1xRewards Rate on TV, Phone, Internet Services
Pros & Cons Explained
Evaluate the Southwest Rapid Rewards® Premier Credit Card Business card’s benefits and drawbacks to find out if this credit card will be an ideal choice for your needs or not.
- No foreign transaction feeThere are no transaction fees for international purchases, making this credit card a great tool if you travel abroad regularly.
- Free checked bagsCardholders do not pay for the first and second checked bags that are within the weight and size limits.
- Unlimited reward seatsEarn miles with every eligible purchase and redeem them for unlimited reward seats to more than 100 destinations.
- Free employee cardsGet employee cards at no additional cost. You can also set the individual spending limits for each card.
- Annual feeThere is a $99 annual membership fee.
- High APRInterest rates for transactions are high. APR for purchases, Chase loans and balance transfers are 20.24% – 27.24%. The APR is 29.24% for cash advances and up to 29.99% for penalties.
- Limited travel perksEarning miles and redeeming them for rewards can help make up for the $99 annual fee. However, this is a basic business miles card, so other similar credit cards may offer more rewards and travel perks.
While some individuals may find the Southwest Rapid Rewards® Premier Credit Card Business card’s benefits sufficient, it may not be an ideal choice for others. Your financial situation, needs as a user and spending habits will determine what type of card is right for you. MoneyGeek listed the best business credit cards in 2022 to help you find the best card for your needs.
Bonuses & Rewards Explained
MoneyGeek also analyzed the Southwest Rapid Rewards® Premier Credit Card Business card’s bonuses and rewards to help you determine if there are any perks that fit your needs. Here are some of the best bonuses and rewards offered by the card.
New cardholders can earn 60,000 bonus points if they spend $3,000 on purchases within the first three months.
Cardholders receive 6,000 bonus points after every card membership anniversary.
Earn miles from eligible purchases
You can earn 2x miles per $1 on Southwest Airlines purchases and 1x point for every dollar you spend on other eligible purchases. You can also earn reward flights with no blackout dates.
Cardholders pay $0 for delivery and get reduced delivery charges on eligible orders over $12 in price for one year with DashPass, DoorDash and Caviar’s membership.
Other Features Explained
When shopping for a credit card, it is also important to consider the other features a card offers. For instance, the Southwest Rapid Rewards® Premier Credit Card Business has security protection features that can keep your belongings safe or provide reimbursement if needed.
- Card FeatureDescription
- Lost luggage reimbursementGet reimbursement up to $3,000 per passenger if you or a family member’s carry-on luggage is damaged or lost by the carrier.
- Baggage delay insuranceGet reimbursement up to $100 per day for three days for essential purchases, such as toiletries and clothing, if your baggage gets delayed for over six hours because of the carrier.
- Extended warranty protectionGet an additional one-year warranty for items with a U.S. manufacturer’s warranty period of three years or less.
Southwest Rapid Rewards® Premier Credit Card Business cardholders can avoid baggage fees for their first and second checked bags and are not hit with change fees when traveling on Southwest Airlines if they use their card to pay for their ticket.
Understanding the Fine Print
Before proceeding to the Chase Southwest Rapid Rewards Premier Business application, make sure you are familiar with all its features, offers, rates and fees. Take note of the APR, transaction fees, late fees and rewards rate. Compare these with other credit cards to find out if it offers the best perks for you.
- Card FeatureAmount or Rate
- APR20.24% – 27.24% Variable
- Annual Fee$99
- Cash Back Rewards
- Rewards Rate1–2 Points per $1*
- Airline Benefits
The Annual Percentage Rate (APR) for purchases, Chase loans and balance transfers is 20.24% – 27.24%. Cash advance APR is 29.24%. Meanwhile, the default APR is up to 29.99% for those who fail to make minimum payments on the due date and cardholders whose payments were returned unpaid.
The annual fee for card membership is $99.
Miles Rewards Rate
Making eligible purchases will help you earn miles. This includes 2x for Southwest purchases and 1x for other purchases.
There is a 0% foreign transaction fee. For balance transfers, each transaction comes with either a $5 or 5% fee, whichever amount is higher. The transaction fee for cash advances is either $15 or 5%, whichever is greater, per transaction.
Late and returned payments come with a $40 penalty fee.
When looking for the best credit card, it is important to understand features, rates and rewards. In doing so, you can make proper comparisons and well-informed decisions. If you already have a credit card, you can find information on your latest billing statement, online account or mobile app. Most credit card issuers put important information on their respective websites. You may also check out the credit card agreements database found on the website of the Consumer Financial Protection Bureau.
Who Should & Shouldn’t Consider Southwest® Rapid Rewards® Premier Business Credit Card?
Other Considerations for Southwest® Rapid Rewards® Premier Business Credit Card
The best credit card for you is the one that fits your needs as a user. Consider whether you will use the Southwest Rapid Rewards® Premier Credit Card Business card as your sole credit card or an additional card in your wallet.
Things to Consider if This Will Be Your First or Only Credit Card
The Southwest Rapid Rewards® Premier Credit Card Business card is a good basic card for travelers. You can use it as your first or only credit card. However, be mindful of the high APR. To ensure that you do not accumulate huge expenses, try to pay your bills in full every month. If you think you cannot do that, do not use this credit card for big purchases. To maximize the benefits, make eligible purchases that will help you earn miles.
Things to Consider if This Will Be an Additional Card in Your Wallet
If you already have credit cards in your wallet, review their features and compare them with Southwest Rapid Rewards® Premier Credit Card Business. See if there are certain expenses you can shift to this credit card. For instance, if your other credit cards have foreign transaction fees, use this card for your international purchases. For balance transfers and big purchases, use the credit card with the lowest APR because the Southwest Rapid Rewards Premier Business card has high interest rates.
MoneyGeek reviewed the Southwest Rapid Rewards® Premier Credit Card Business card’s benefits, drawbacks and features using a well-detailed methodology. The process includes the collection of information from the credit card issuers and the Consumer Finance Protection Bureau’s database. To determine the best options for each category, standardized data points were evaluated. MoneyGeek also considered estimated average spend profiles. This review process is done monthly to reflect any changes in credit card details and offers.
How Southwest® Rapid Rewards® Premier Business Credit Card Compares to Other Cards
Southwest Rapid Rewards® Premier Credit Card Business is a good basic miles business credit card. It can be beneficial, especially for travelers who are looking for a 0% transaction fee and miles rewards. However, it has a high APR. Other credit cards may offer better travel perks and bonuses.
In-Depth Credit Card Comparisons:
- Southwest Rapid Rewards® Premier Credit Card Business vs Southwest® Rapid Rewards® Performance Business Credit Card
Quick Comparison of Southwest Rapid Rewards® Premier Credit Card Business
Southwest® Rapid Rewards® Premier Business Credit Card
- Annual Fee: $99
- Foreign Transaction Fee: 0%
- Regular Purchase APR: 20.24% – 27.24% variable
- Rewards Rate: 2x points for Southwest purchases and 1x point per dollar on other eligible purchases
- Best For: Business travelers frequently using Southwest looking for unlimited rewards seat and 0% transaction fees on international purchases
The Blue Business® Plus Credit Card from American Express
- Annual Fee: $0
- Foreign Transaction Fee: 2.7% per transaction
- Regular Purchase APR: 17.49% – 25.49% variable
- Rewards Rate: 2x points on first $50,000 spent every year and 1x points thereafter
- Best For: Travelers looking for a card with no annual fee and the ability to earn rewards on business spending
Other Helpful Decision-Making Q&As
Understanding the features of the Southwest Rapid Rewards® Premier Credit Card Business card can help you determine if it is right for you or not. Here are answers to some of the frequently asked questions about the card.
Still not sure about this card? Consider these options.
Finding the best credit card requires you to consider various factors. Weigh the pros and cons and compare your options. If you think the Southwest Rapid Rewards® Premier Credit Card Business is not for you, check out MoneyGeek’s selection of best credit cards for travel in 2022.
The Blue Business® Plus Credit Card from American Express
American Express Cash Magnet® Card
American Express® Gold Card
Marriott Bonvoy Business® American Express® Card
Journey Student Rewards from Capital One
Capital One Platinum Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Capital One Spark Cash Plus
Chase Freedom® Student Credit Card
Chase Freedom Unlimited®
Ink Business Cash® Credit Card
Ink Business Unlimited® Credit Card
Chase Sapphire Preferred® Card
World of Hyatt Credit Card
Citi® Diamond Preferred® Card
Credit One Bank® Platinum Visa®
Credit One Bank® Platinum Visa® for Rebuilding Credit
U.S. Bank Altitude® Go Visa Signature® Card
U.S. Bank Visa® Platinum Card
American Express Blue Business Cash™ Card
Blue Cash Everyday® Card from American Express
Blue Cash Preferred® Card from American Express
American Express® Business Gold Card
Delta SkyMiles® Blue American Express Card
Delta SkyMiles® Gold Business American Express Card
Delta SkyMiles® Gold American Express Card
Delta SkyMiles® Platinum Business American Express Card
Delta SkyMiles® Platinum American Express Card
Capital One SavorOne Cash Rewards Credit Card
Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Miles for Business
Capital One Venture Rewards Credit Card
Capital One VentureOne Rewards Credit Card
Aer Lingus Visa Signature®
British Airways Visa Signature® Card
Chase Freedom Flex℠
Iberia Visa Signature® Card
IHG® Rewards Premier Credit Card
IHG® Rewards Traveler Credit Card
Ink Business Preferred® Credit Card
Marriott Bonvoy Bold® Credit Card
Marriott Bonvoy Boundless® Credit Card
Chase Sapphire Reserve® Card
Southwest® Rapid Rewards® Performance Business Credit Card
Southwest Rapid Rewards® Plus Credit Card
Southwest Rapid Rewards® Premier Credit Card
Southwest® Rapid Rewards® Premier Business Credit Card
CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
Costco Anywhere Visa® Business Card by Citi
Costco Anywhere Visa® Card by Citi
Citi® Double Cash Card
United℠ Business Card
United Club℠ Infinite Card
United℠ Explorer Card
United Gateway℠ Card
Citi® / AAdvantage® Executive World Elite Mastercard®
Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
American Airlines AAdvantage® MileUp® Card
Citi Premier® Card
Citi Rewards+® Card
Citi® Secured Mastercard®
Credit One Bank® Platinum X5 Visa®
The Business Platinum Card® from American Express
Delta SkyMiles® Reserve Business American Express Card
Delta SkyMiles® Reserve American Express Card
The Hilton Honors American Express Business Card
Hilton Honors American Express Card
Hilton Honors American Express Surpass® Card
Capital One QuicksilverOne Cash Rewards Credit Card
Marriott Bonvoy Brilliant™ American Express® Card
The Plum Card® from American Express
The Platinum Card® from American Express
Credit One Bank® NASCAR® American Express® Credit Card
Southwest Rapid Rewards® Priority Credit Card
United Quest℠ Card
Capital One Quicksilver Student Cash Rewards Credit Card
Capital One SavorOne Student Cash Rewards Credit Card
Bank of America® Customized Cash Rewards Card for Students
Bank of America® Travel Rewards Credit Card for Students
Navy Federal Credit Union Visa Signature cashRewards Card
Navy Federal More Rewards American Express card
Navy Federal Credit Union Visa Signature Flagship Rewards card
Platinum Rewards Visa Signature® Card
PenFed Pathfinder® Rewards Visa Signature® Card
Power Cash Rewards Visa Signature® Card
Citi Custom Cash℠ Card
Citi Simplicity® Card
U.S. Bank Altitude® Connect Visa Signature® Card
Capital One Venture X Rewards Credit Card
Spark 1.5% Cash Select
Chase Slate Edge℠
Amazon Prime Rewards Visa Signature Card
World of Hyatt Business Credit Card
Chime Credit Builder Secured Visa® Credit Card
U.S. Bank Triple Cash Rewards Visa® Business Card
OpenSky® Secured Visa® Credit Card
First Access Solid Black Visa® Credit Card
Fit Mastercard® Credit Card
Milestone® Gold Mastercard®
Milestone® Unsecured Mastercard®
Discover it® Secured Credit Card
Discover it® Student Cash Back Credit Card
Discover it® Student chrome
Amazon Business Card
Discover it® chrome Credit Card
Discover it® Miles
NHL® Discover it®
Capital One Walmart Rewards® Mastercard®
Capital One® Spark® Miles Select for Business
Wells Fargo Business Secured Credit Card
West Elm Key Rewards Credit Card
Bank of America® Premium Rewards® credit card
Bank of America® Unlimited Cash Rewards Credit Card for Students
Learn more about credit cards in general
- American Express. "Blue Business Plus Credit Card." Accessed September 7, 2021.
- Chase. "Southwest Rapid Rewards Premier Business." Accessed September 7, 2021.
- Chase. "Southwest Rapid Rewards Premier Business Pricing & Terms." Accessed September 7, 2021.
- Consumer Financial Protection Bureau. "Credit Card Agreement Database." Accessed September 7, 2021.
- J.D. Power. "2020 U.S. National Banking Satisfaction Study." Accessed September 7, 2021.
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