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  Southwest Rapid Rewards Performance Business Credit Card

Southwest Rapid Rewards Performance Business Credit Card

in Business Credit Cards from Chase Bank

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Southwest Rapid Rewards Performance Business Credit Card

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in Business Credit Cards from Chase Bank

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Highlights
Purchase APR  (Variable APR) 15.99% - 22.99%
Balance Transfer APR  (Variable APR) 15.99% - 22.99%
Credit Score Range 650 - 850
Annual Fee $199

Southwest Rapid Rewards Performance Business Credit Card Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a rewards rate of up to 3 reward points per dollar spent.
  • Signup bonus. Offers a signup bonus of 70000 points after spending $5,000 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Southwest Rapid Rewards Performance Business Credit Card has a variable purchase APR that ranges from 15.99% up to 22.99%.
  • 5% Balance transfer fee. Southwest Rapid Rewards Performance Business Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Multiple business credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, Global Entry / TSA Precheck Fee Credit, purchase protection, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of Southwest Rapid Rewards Performance business credit card
The Good The Bad
  • Four Upgraded Boardings per year when available.
  • Lower than average purchase APRs.
  • Multiple business credit card perks.
  • Extended warranty on purchases.
  • Free access to your credit score.
  • Global Entry / TSA Precheck Fee Credit.
  • Travel assistance insurance
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Southwest Rapid Rewards Performance Business Credit Card is accepted.
  • Southwest Rapid Rewards Performance Business Credit Card reports to multiple credit bureaus.
  • There is the annual fee of $199 to consider when applying.
  • Charges an annual fee of $199
  • Charges a 5% balance transfer fee.
Southwest Rapid Rewards Performance business credit card FAQ

Who is Southwest Rapid Rewards Performance business credit card designed for?

This is a credit card issued by Chase Bank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 15.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 22.99%.

It also has a variable cash advance APR of 24.99%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

Southwest Rapid Rewards Performance business credit card Rates & Terms
Purchase APR 15.99% - 22.99%
Balance Transfer APR 15.99% - 22.99%
Cash Advance APR 24.99%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $199.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $39.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Southwest Rapid Rewards Performance business credit card Fees
Fees Amount
Annual Fee $199
Foreign Transaction Fee 0%
Balance Transfer Fee 5%
Minimum Balance Transfer Fee $5
Returned Payment Fee $39
Late Payment Fee $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Advertising Services
  • Airfare
  • Internet, Cable and Phone Services
  • Every Purchase

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

However, it does include a 70000 points signup bonus after you spend $5000 that can be redeemed for travel, gifts, or other perks.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

However, it does include an annual loyalty bonus of 9000 points that can be redeemed for travel, gifts, and other perks.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Free Credit Score
  • Extended Warranty Protection
  • Fraud Liability
  • No blackout dates when redeeming miles
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (877) 242-7372.

What is the support contact email?

The support contact email for this business credit card is customerdepartament@chase.com.

Does Southwest Rapid Rewards Performance Business Credit Card report your account activity to credit bureaus?

Yes, Southwest Rapid Rewards Performance Business Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the Chase Bank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
View Southwest Rapid Rewards Performance Business Credit Card's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Southwest Rapid Rewards Performance Business Credit Card

Enjoy the powerful benefits that come with the Performance Business Card. Southwest Airlines flights–Redeem your points for flights to over 90 destinations and enjoy all you love about flying Southwest Airlines. opens overlaySearch for flights. Gift cards–Choose from some of your favorite retailers and redeem for as few as 3,000 points. Hotel stays and car rentals–Redeem at thousands of hotels and car rental agencies from all over the country. Merchandise–Shop for electronics, golf supplies, luggage, travel accessories, and more. International flights on 50+ global carriers–Use your Rapid Rewards points for flights.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

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View all business credit cards offered by Chase Bank

Feature Breakdown

Foreign Currency Transaction Fee 0%
Minimum Interest Charge $0
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 20 days
Annual Fee $199
Cash Advance Fee (%) 5%
Cash Advance Fee Minimum $15
Late Fee Amount $39
Minimum Cash Advance Fee ($) $15
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Extended Warranty Protection
  • Purchase Protection
  • Fraud Liability
  • Free Credit Score
  • Global Entry / TSA Precheck Fee Credit
  • Travel Assistance
Annual Loyalty Bonus (points) 9,000
Bonus Rewards Earn 70,000 points after you spend $5,000 on purchases within the first 3 months of account opening. Plus, an additional 30,000 points after you spend $25,000 total on purchases within the first 6 months of account opening.
No Blackout Dates
No Reward Expiration Period
Rewards Categories
  • Advertising Services
  • Airfare
  • Internet / Cable / Phone Services
  • Every Purchase
Signup Bonus (points) 70,000
Balance Computation Daily balance method (including new transactions).
Cash Advance APR (Variable APR) 24.99%
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 15.99% - 22.99%
Balance Transfer Fee % 5%
Balance Transfer Fee % After Intro Period Starting at 5%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Variable APR) 15.99% - 22.99%
Card Network Visa
Card Type
  • Rewards
  • Travel
  • Airline
  • Bonus Offers

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