Business owners who frequently travel on Southwest Airlines may find the Chase Southwest Rapid Rewards Premier Business 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 Chase Southwest Rapid Rewards Premier 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.
The Chase Southwest Rapid Rewards Premier 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.
A great miles credit card for international purchases with multiple miles-earning and redeeming opportunities
Evaluate the Chase Southwest Rapid Rewards Premier Business card’s benefits and drawbacks to find out if this credit card will be an ideal choice for your needs or not.
While some individuals may find the Chase Southwest Rapid Rewards Premier 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 2021 to help you find the best card for your needs.
MoneyGeek also analyzed the Chase Southwest Rapid Rewards Premier 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.
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.
When shopping for a credit card, it is also important to consider the other features a card offers. For instance, the Chase Southwest Rapid Rewards Premier Business has security protection features that can keep your belongings safe or provide reimbursement if needed.
Chase Southwest Rapid Rewards Premier 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.
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.
Regular APR
The Annual Percentage Rate (APR) for purchases, Chase loans and balance transfers is 15.99%-22.99%. Cash advance APR is 24.99%. 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.
Annual Fee
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.
Transaction Fees
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.
Penalty fees
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.
The best credit card for you is the one that fits your needs as a user. Consider whether you will use the Chase Southwest Rapid Rewards Premier Business card as your sole credit card or an additional card in your wallet.
The Chase Southwest Rapid Rewards Premier 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.
If you already have credit cards in your wallet, review their features and compare them with Chase Southwest Rapid Rewards Premier 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 Chase Southwest Rapid Rewards Premier 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.
Chase Southwest Rapid Rewards Premier 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.
Chase Southwest Rapid Rewards Premier Business
American Express Blue Business Plus
Understanding the features of the Chase Southwest Rapid Rewards Premier 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.
Finding the best credit card requires you to consider various factors. Weigh the pros and cons and compare your options. If you think the Chase Southwest Rapid Rewards Premier Business is not for you, check out MoneyGeek’s selection of best credit cards for travel in 2021.
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