Southwest Rapid Rewards Premier Business
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| Purchase APR (Variable APR) |
20.24% - 27.24% (Verified 01/19/2023) |
| Balance Transfer APR (Variable APR) |
20.24% - 27.24% (Verified 01/19/2023) |
| Credit Score Range | 650 - 850 |
| Annual Fee | $99 |
Southwest Rapid Rewards Premier Business Review
Key Takeaways
- Signup bonus. Offers a signup bonus of 60000 points after spending $3,000 that can be redeemed for travel, gifts, or other perks.
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 20.24% up to 27.24%.
- 5% Balance transfer fee. Southwest Rapid Rewards Premier Business 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, identity theft protection, 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 Premier business credit card
| The Good | The Bad |
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Southwest Rapid Rewards Premier business credit card FAQ
Who is Southwest Rapid Rewards Premier 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 20.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 20.24% up to 27.24%.
It also has a variable cash advance APR of 29.24%. 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 card does not offer an introductory rate on new purchases.| Purchase APR | 20.24% - 27.24% |
| Balance Transfer APR | 20.24% - 27.24% |
| Cash Advance APR | 29.24% |
| Penalty APR | 29.99% |
What fees does it charge?
The following fees apply to this business credit card:
- An annual fee of $99.
- 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.
| Fees | Amount |
|---|---|
| Annual Fee | $99 |
| 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 or rewards program?
Yes, Southwest Rapid Rewards Premier business credit card offers a rewards program to its customers. The rewards program allows you to earn 1% cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
- Advertising Services
- Airfare
- Amazon.com
- Car Rentals
- Internet, Cable and Phone Services
- Drug Stores
- Education
- Every Purchase
- Furniture
- Gas stations
- Groceries
- Gyms
- Home Improvement
- Hotels
- Insurance
- Office Supply Stores
- Restaurants
- Retail
- Shipping
- Software, Hardware, Cloud
- Utilities
- Warehouse Clubs
Does it have a sign up bonus?
This business credit card doesn't offer a cash signup bonus.
However, it does include a 60000 points signup bonus after you spend $3000 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 6000 points that can be redeemed for travel, gifts, and other perks.
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 Premier Business report your account activity to credit bureaus?
Yes, Southwest Rapid Rewards Premier Business 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.
Message From Southwest Rapid Rewards Premier business credit card
Contact
- Headquarters
-
270 Park Avenue
New York, NY 10017 USA - (877) 242-7372
- Visit Site
- Email Support
Other Services by Chase Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Annual Fee | $99 |
| Cash Advance Fee (%) | 5% |
| Cash Advance Fee Minimum | $15 |
| Foreign Currency Transaction Fee | 0% |
| Late Fee Amount | $39 |
| Minimum Cash Advance Fee ($) | $15 |
| Minimum Interest Charge | $0 |
| No Foreign Transaction Fee | |
| No Interest Grace Period for Late Payment | 20 days |
| Returned Payment Fee | $39 |
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