Southwest Rapid Rewards Business Premier Review 2026
The Southwest Rapid Rewards Premier Business card earns strong points on Southwest purchases and helps qualify for the Companion Pass. Anniversary bonus points offset most of the $199 fee.
Your card estimate
Net first-year value
First year
+$1,301
Base rewards + bonus - fee - interest drag
Ongoing year
+$101
Excludes one-time welcome offer
This card’s headline rate applies to bonus categories, not all spend. The figures above use a conservative $300 base; maxing the bonus categories could earn up to $1,200 in rewards.
SwitchWize take
Rewards credit card
Bonus value
$1,200
Rewards
4x points
Annual fee
$199
APR
19.24%-27.74%
Pros & cons
- 4x points on Southwest purchases
- Anniversary points nearly offset the fee
- Helps earn the Southwest Companion Pass
- No foreign transaction fees
- Value is locked to Southwest routes
- High annual fee for an airline card
- Points cannot transfer to other programs
Derived from the current rate, fees, and terms we track for this product. Confirm the latest details on the provider’s site.
Card truth label
Terms that decide whether this card fits
Offer history
How today's bonus compares
Current public welcome offer
$1,200
Observed Jun 21, 2026
12-month best
$1,200
1 tracked observation
Signal
At or near tracked best
Last history update Jun 21, 2026
Best for
- People whose spending matches the rewards structure
- Applicants who can use the welcome offer responsibly
- Cardholders who pay in full
- People comparing net first-year value
Not for
- Carrying a balance long term
- Applying only for a bonus without a payoff plan
- Spending more to earn rewards
- Anyone who cannot meet issuer approval requirements
Decision checks
Apply only if these checks pass
Product card image shown
$199 annual fee
19.24%-27.74% variable
Spend requirement: $5,000 in purchases within 3 months
Chase terms control approval, pricing, and rewards
How you earn
Caps, exclusions, merchant coding, and redemption values can change the real return. Verify issuer terms before applying.
If you carry a balance, compare payoff cost before rewards. Interest can erase rewards quickly.
Value is locked to Southwest routes
Comparison set