Southwest® Rapid Rewards® Premier Business
An airline co-brand aimed squarely at frequent Southwest flyers. The points earned count toward the Companion Pass threshold, which lets a designated companion fly free (taxes/fees only) for the rest of that year and all of the next.
Southwest® Rapid Rewards® Premier Business at a glance
Issued by Chase. Terms and rates subject to change — confirm before applying.
The facts
- Annual fee
- $99
- Credit needed
- Good/Excellent
- Regular APR
- Variable, ~19–26%
- Foreign transaction fee
- None
Rewards
3x points on Southwest purchases, 2x on Rapid Rewards partner spend, 1x elsewhere
Intro offer
Points bonus after minimum spend in the first 3 months, plus an anniversary points bonus each year
Southwest® Rapid Rewards® Premier Business's annual fee vs. the cheapest and priciest cards on the marketplace
Southwest® Rapid Rewards® Premier Business vs. similar Travel rewards
| Criterion | Southwest® Rapid Rewards® Premier Business | Ink Business Preferred® | CitiBusiness® / AAdvantage® Platinum Select® |
|---|---|---|---|
| Annual fee | $99 | $95 | $99 |
| Regular APR | Variable, ~19–26% | Variable, ~19–24% | Variable, ~19–27% |
| Foreign transaction fee | None | None | None |
| Credit needed | Good/Excellent | Good/Excellent | Good/Excellent |
Same category, side by side — the right pick depends on which of these differences actually matches how your business spends.
Southwest® Rapid Rewards® Premier Business charges no foreign transaction fee, but that's not universal in its category — some cards with a similar rewards structure add 2.7-3% on every international charge. If you're comparing cards, confirm this line specifically; it's easy to overlook next to the headline rewards rate.
Pros
- +Anniversary bonus points every year
- +Companion Pass is a genuinely large perk if you hit the threshold
- +No foreign transaction fee
Cons
- −Only useful if you actually fly Southwest
- −1x base rate outside Southwest/partner spend
Southwest® Rapid Rewards® Premier Business has a $99 annual fee, requires good/excellent credit, and carries a Variable, ~19–26% regular APR. Compare these against your spending patterns — the fee only makes sense if the rewards exceed it.
Who this card is best for
Businesses that fly Southwest regularly and want a shot at the Companion Pass
We don't have a partnership with Chase — the link above goes straight to their official page with no tracking or referral code. Rates and offers are set by the issuer and change over time; confirm current terms before applying.