Chase
Southwest Rapid Rewards Premier Credit Card
Estimated value every year on typical spending
$313/ year
Every year, after the annual fee. Year one adds a $605 welcome bonus: $918
Based on a typical ~$2,600/month of spending. Points valued conservatively; confirm terms with the issuer.
Carry a balance? At 20%+ APR, interest usually costs more than any card earns.
Is it worth it?
On typical spending the Chase Southwest Rapid Rewards Premier Credit Card returns about $462 a year in rewards and usable credits, which covers its $149 fee with $313 to spare. The welcome bonus adds roughly $605 in the first year.
The fine print
- Intro APR
- Not listed
- Regular APR
- 19.49% to 27.99% variable
- Foreign fee
- None
- Top perk
- First checked bag free
- Approval
- Good credit recommended
- Redeem for
- Airline/hotel bookings · Loyalty program transfers · Gift cards
Rewards
- 3X points on Southwest Airlines purchases
- 2X points on the first $8,000 in combined purchases at grocery stores and restaurants per year
- 1 point on all other purchases
Sign-up bonus
55,000 bonus points after you spend $1,500 on purchases in the first 3 months from account opening.
Best for
- Travelers who redeem points
Not ideal for
- People who want plain cash back
Trade-offs: Higher annual fee ↔ richer rewards & perks; Better travel value ↔ less straightforward than cash back; Large welcome bonus ↔ higher spend requirement.
Worth knowing
- Annual fee
- $149
- Intro APR
- Not listed
- Regular APR
- 19.49% to 27.99% variable
- $500/mo on groceries earns about $132/year (2.2x).
- $1200/mo on everyday spending earns about $158/year (1.1x).
- The $149 fee pays for itself at about $1030/mo on groceries.
- You come out ahead of a no-fee 1% card after about $12400/year of groceries spending.
Offer history
No changes to the fee, welcome offer or intro APR since we started checking this card daily on Oct 26, 2026.
Southwest Rapid Rewards Premier Credit Card: questions people ask
Is the Chase Southwest Rapid Rewards Premier Credit Card worth it?
On typical spending the Chase Southwest Rapid Rewards Premier Credit Card returns about $462 a year in rewards and usable credits, which covers its $149 fee with $313 to spare. The welcome bonus adds roughly $605 in the first year.
What is the Chase Southwest Rapid Rewards Premier Credit Card annual fee?
The Chase Southwest Rapid Rewards Premier Credit Card has a $149 annual fee. On typical spending its rewards and usable credits come to about $462 a year, so it nets about $313 after the fee.
What is the Chase Southwest Rapid Rewards Premier Credit Card welcome bonus?
Earn 55,000 bonus points after you spend $1,500 on purchases in the first 3 months from account opening. We value it at about $605. We check the issuer's page daily; it hasn't changed since we started tracking on Oct 26, 2026.
What does the Chase Southwest Rapid Rewards Premier Credit Card earn?
3X points on Southwest Airlines purchases. 2X points on the first $8,000 in combined purchases at grocery stores and restaurants per year. 1 point on all other purchases.
What credit score do you need for the Chase Southwest Rapid Rewards Premier Credit Card?
The issuer doesn't say; we'd class it as: good credit recommended. Checking your matches on CardFit never runs a credit check.
Does the Chase Southwest Rapid Rewards Premier Credit Card charge foreign transaction fees?
No. The Chase Southwest Rapid Rewards Premier Credit Card has no foreign transaction fee.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Source: Chase product page. Terms change often; confirm them with the issuer before you apply.