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Chase credit card

Southwest Rapid Rewards Performance Business Credit Card

  • APR up · 19.24%19.49% · Oct 10, 2026

$299 a year. 80,000 Rapid Rewards points after you spend $5,000 in 3 months. Purchase APR 19.49–27.99%, variable. No foreign transaction fees.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR · variable
Foreign transactions

Select an underlined figure to see where it comes from.

Chase’s terms

Welcome offer

80,000 points

After you spend $5,000 on purchases in your first 3 months.

Spending it takes
$1,667 a month
for 3 months
Tracking since
Sep 29, 2026
history will chart every change

Allow 6 to 8 weeks for the bonus to post to your Rapid Rewards account after qualifying. Account must be open and not in default at the time of fulfillment. Balance transfers, cash advances, cash-like transactions, betting transactions, person-to-person transfers, interest, unauthorized or fraudulent charges, and fees (including the annual fee) do not count as purchases.

In dollars

What it’s worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.

SpendingValue against the feeFirst yearAfter
Light spender−$300−$300
Typical spender−$300−$300
Heavy spender−$300−$300
The spending each assumes, and what isn’t counted
  • Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month

Assumed: not counted: 1x all other purchases; points valued at an assumed 1¢; rewards spendable only with Southwest Rapid Rewards: not counted (brand_rewards); welcome bonus needs $5,000 in 3 months.

−$300a year

The same in the first year and after.

Rewards and credits$0

−$300 after the fee−$300 annual fee

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: not counted: 1x all other purchases; points valued at an assumed 1¢; rewards spendable only with Southwest Rapid Rewards: not counted (brand_rewards); welcome bonus needs $5,000 in 3 months.

−$300a year

The same in the first year and after.

Rewards and credits$0

−$300 after the fee−$300 annual fee

The spending this assumes

A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: not counted: 1x all other purchases; points valued at an assumed 1¢; rewards spendable only with Southwest Rapid Rewards: not counted (brand_rewards).

−$300a year

The same in the first year and after.

Rewards and credits$0

−$300 after the fee−$300 annual fee

The spending this assumes

A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: not counted: 1x all other purchases; points valued at an assumed 1¢; rewards spendable only with Southwest Rapid Rewards: not counted (brand_rewards).

Use your own spending

Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards

Against the market

How it compares

  • Lower top APR than about 40% of the 163 cards on our Sign-up bonuses list (see the list).

Other points cards with fees up to $300

Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

Southwest Rapid Rewards

How you earn

4×
Southwest Airlines purchases, including flight, inflight, Southwest gift cards, and Getaways by Southwest packages
2×
hotel accommodations when purchased directly with the hotelgas stationsdining at restaurantslocal transit and commuting, including rideshare services
1×
all other purchases
1×
Everything else

Points per dollar. “What it’s worth” values a point at an assumed 1¢.

Benefits

  • Global Entry, TSA PreCheck or NEXUS application fee credit: $120 every 4 years
  • Baggage: Up to $3,000 per covered traveler; for New York residents, additionally limited to $2,000 per bag and $10,000 for all covered travelers per trip.
  • Baggage: Up to $100 a day for up to 3 days.
  • Extended warranty
  • Purchase protection: Up to $10,000 per item; for New York residents, the coverage period is 90 days from the date of purchase.

Changes

19.24%19.49% since Oct 10Oct 10Today
  • Oct 10, 2026 APR 19.24%19.49%

Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.

Every figure with its receipt

Rates and fees

Annual fee
Purchase APRvariable
Balance transfer APR
Balance transfer fee
Foreign transactions

Before you apply

  1. What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
  2. Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)

Questions

What is the annual fee?
$299 · sites.chase.com, since Sep 29, 2026
Does it charge a foreign transaction fee?
No. · sites.chase.com, since Oct 10, 2026
What is the purchase APR?
19.49–27.99% APR · chase.com, since Oct 10, 2026
Is there a welcome bonus?
80,000 Rapid Rewards points after $5,000 in purchases in 3 months. · chase.com, since Nov 1, 2026
See it on chase.com

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