Southwest Rapid Rewards® Premier Credit Card
Basic Information
Program ID: southwest-rapid-rewards-premier-credit-card
Issuer: Chase
Card Type: Credit
Network: Visa
Card Tier: Premier
Data Complete: Yes
Created: 01/07/2026 12:05
Last Scraped: 01/15/2026 07:10
Fee Structure
| Annual Fee: | $99.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $99.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 30.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater. |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,124.00% - 2,924.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 0 months
Balance Transfer APR: 2,924.00%
Intro BT APR: 0.00%
Intro BT Duration: 0 months
Cash Advance APR: 2,999.00%
Sign-Up Bonus
Bonus Amount: $50,000.00
Spending Requirement: $1,000.00
Time Period: 90 days
Bonus Timing: Bonus points will post to your Rapid Rewards account within 6 to 8 weeks after you have met the spending requirement. In practice, they often post much sooner, typically within a few days of the statement closing date following the spend.
Rewards Program
Reward Type: Rapid Rewards Points
Base Reward Rate: 1.00%
Bonus Reward Rate: 3.00%
Bonus Categories: 3x Southwest Purchases, 2x Local Transit & Commuting, 2x Internet/Cable/Phone Services & Select Streaming Services
Point Value Estimate: 0.0100 cents/point
Expiration Policy: Rapid Rewards points do not expire as long as your account is open and in good standing, or you have qualifying activity.
Transfer Partners: None (Rapid Rewards is a standalone program)
Card Benefits
Protection Benefits
- Extended Warranty
- Purchase Protection
Travel Benefits
- Travel Insurance
- Trip Delay Coverage
- Lost Luggage Coverage
- No Foreign Transaction Fees
Premium Benefits
- Airport Lounge Access
- Concierge Service
Approval Criteria
Recommended FICO Range: 690 - 850
Approval Odds Category: Good
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Experian, TransUnion, Equifax
Issuer Rules
Rules: Applicants for the Southwest Rapid Rewards Premier Credit Card must meet several eligibility requirements. The primary rule is Chase's '5/24 Rule,' meaning applicants are generally ineligible if they have opened 5 or more personal credit cards from any issuer (including Chase) in the past 24 months. Additionally, applicants are not eligible for the new cardmember bonus if they currently hold any Southwest Rapid Rewards personal credit card or have received a new cardmember bonus for any Southwest Rapid Rewards personal credit card in the past 24 months. To qualify for the welcome offer, a specified minimum spend must typically be met within the first 3 months of account opening. General eligibility requires applicants to be 18 years or older, possess a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and have a good to excellent credit history. While Chase does not publish a strict maximum number of cards per individual, internal credit exposure limits may apply.
Maximum Cards Per Issuer: 10
Minimum Spend Interval: 3 months
Shutdown Risk Triggers: Manufactured spending (MS), high cumulative credit limit across Chase accounts, rapid application for multiple cards (especially outside 5/24), abuse of welcome offers (e.g., applying for the same card too frequently), suspicious spending patterns (e.g., large, round numbers, gift card purchases), not paying bills on time, or defaulting on other Chase products.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 4.2 / 5.0
Top Positive Feedback:
Excellent for Southwest loyalists, valuable sign-up bonus, anniversary points, free checked bags, and potential for Companion Pass.
Top Negative Feedback:
Annual fee, limited to Southwest ecosystem, foreign transaction fees, not ideal for non-Southwest flyers.
Approval Experience Score: 78.0 / 100
Recommended Alternatives
- Chase Southwest Rapid Rewards Priority Credit Card
- Chase Sapphire Preferred Card
- United Explorer Card
Card Value Score: 85.0 / 100
Est. Annual Rewards: $602.00
User Portfolio Metrics
Avg Portfolio Size: 4 cards
Avg Portfolio Age: 84 months
Store vs Co-brand: 0% Store / 100% Co-brand
Risk Assessment
Default Risk Group: Low
Predicted Approval Probability: 80.0%
Terms Version Control
Version ID: January 2024