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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

Southwest Rapid Rewards Performance Business Credit Card FAQ

Who is Southwest Rapid Rewards Performance Business Credit Card designed for?

Southwest Rapid Rewards Performance Business Credit Card is a credit card issued by Chase Bank. 

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

What are the relevant APRs for Southwest Rapid Rewards Performance Business Credit Card?

Southwest Rapid Rewards Performance 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 Southwest Rapid Rewards Performance Business Credit Card have an introductory APR offer?

No, Southwest Rapid Rewards Performance Business Credit Card does not come with an introductory APR offer for balance transfers.

Southwest Rapid Rewards Performance 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 are the Southwest Rapid Rewards Performance Business Credit Card fees?

The following fees apply to Southwest Rapid Rewards Performance 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 Southwest Rapid Rewards Performance Business Credit Card have a foreign transaction fee?

Southwest Rapid Rewards Performance 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

Is there a Southwest Rapid Rewards Performance Business Credit Card cash back or rewards program?

Southwest Rapid Rewards Performance Business Credit Card offers a rewards program to its customers. This card offers rewards to businesses that use the card to make purchses in the following categories:

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

Does Southwest Rapid Rewards Performance Business Credit Card have a signup bonus?

Southwest Rapid Rewards Performance Business Credit Card doesn't offer a cash signup bonus.

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

Does Southwest Rapid Rewards Performance Business Credit Card offer an annual loyalty bonus?

Southwest Rapid Rewards Performance Business Credit 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.

What are the Southwest Rapid Rewards Performance Business Credit Card benefits?

Southwest Rapid Rewards Performance 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

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 does Southwest Rapid Rewards Performance Business Credit Card compare to other credit cards?

Pros & Cons of Southwest Rapid Rewards Performance Business Credit Card
Pros Cons
  • Four Upgraded Boardings per year when available.
  • There is the annual fee of $199 to consider when applying.
  • How to apply for Southwest Rapid Rewards Performance Business Credit Card

    • 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.

    Feature Breakdown

    Advertising Services (Points) Starting at 2
    Airfare (Points) 3
    Car Rentals (Points) 3
    Every Purchase (Points) 1
    Every Purchase (Points) 1 point per $1 spent All other purchases made with your card
    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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