Southwest Rapid Rewards Premier Business by Chase: 3x flights / airfare, 2x dining & restaurants + gas stations (first $8K/yr combined), 1x everything…
The Southwest Rapid Rewards Premier Business is Chase's mid-tier credit card. The $149/yr annual fee includes a 60,000-point welcome bonus after spending $3,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| 6,000-point Anniversary Bonus | $60/yr | 6,000 bonus points each year after the Cardmember anniversary; $60 at the 1-cent Southwest value used for the Performance Business row. |
Welcome bonus value (year one): ~$780. Annual statement credits: $60. Minus the $149 annual fee = ~$691 in year-one net value before any spending earn. RewardsGuru rating: 4.0/5 — based on our net-value methodology.
Best fit: small-business owners who can run business expenses through one card and want the welcome bonus + category multipliers. Skip if: you don't have separate business spend or you'd struggle to hit the welcome-bonus spending requirement.
60,000 points after spending $3,000 in the first 3 months. At our ~1.3¢/pt valuation, that's roughly $780 in real value.
Year-one math: welcome bonus value (~$780) + annual credits ($60) − $149 fee = ~$691 net before spending earn. Year-two onward, the credits alone need to clear $149 — they do not. Worth it if you'll use the credits, skip if you'd let them expire.
1 recurring statement credit: 6,000-point Anniversary Bonus ($60/yr). Total: $60/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Chase's product page has the current rate.