Southwest Rapid Rewards Premier Business

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.
• Competitive APRs. Southwest Rapid Rewards Premier Business has a variable purchase APR that ranges from 15.99% up to 22.99%.
• 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

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 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.

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 offer a cash back rewards program?

Yes, Southwest Rapid Rewards Premier business credit card offers a rewards program to its customers. The rewards program allows you to earn 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:

• Airfare
• Every Purchase

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

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.