Chase · Visa

Southwest Rapid Rewards Premier Card

$149 annual fee · $40/yr in printed statement credits · 1x on everything else · no foreign transaction fees

Earn rates · how we got this

Category	Rate	Cap
Groceries	2x	on the first $8,000/year
Dining	2x	on the first $8,000/year
Everything else	1x	uncapped
Flights at Southwest only — anywhere else in this category the card earns its base rate, so it is excluded from every ranking on this site	3x	uncapped

See how it ranks: best groceries cards · best dining cards.

Signup bonus: 55,000 points after $1,500 in 3 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero. Bonus figure confirmed on the issuer's page 2026-09-14.

Statement credits — $40/yr on paper · how we got this

Credit	Value	How it pays
DashPass DoorDash credit	$40/year	quarterly · enrollment required · through 2027-12-31

Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.

Non-cash perks

First checked bag free for cardmember and up to 8 additional passengers on the same reservation
6,000 anniversary bonus points each year on cardmember anniversary
15% flight discount promo code each cardmember anniversary year (excludes Basic fare)
10,000 Companion Pass qualifying points boost each calendar year
Points earned on card purchases count toward Southwest Companion Pass qualification
25% back on inflight purchases
No foreign transaction fees
Standard or Preferred seat selection within 48 hours of departure, when available, for cardmember and up to 8 additional passengers on the same reservation (for flights operating in 2026)

Does the fee earn out? · how we got this

The $149 fee minus $40 in printed credits leaves $109/yr to earn back through rewards — roughly $4,542 of groceries spending at 2x (valuing Southwest Rapid Rewards at the same mid-range value the optimizer uses). Whether that clears depends on your actual spending.

Is this $149 fee worth it? See the break-even math →

Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.

Who this card is not for

Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. two things on this card rule out a kind of spender:

Anyone who doesn't spend at Southwest. Its largest printed rate, 3x on flights, pays only at Southwest. Anywhere else it earns its base 1x, so the headline number is a loyalty rate rather than a category rate — which is why no ranking on this site counts it.
A heavy groceries spender. The 2x on groceries stops after $8,000 of it per year. Past that the same purchases earn its base 1x, so the headline rate describes the first $8,000 only.

Don't want the fee any more?

Southwest Rapid Rewards Premier Card can normally be product-changed to one lower-fee card in the Chase Southwest Rapid Rewards family instead of being closed — which keeps the account, its age and its credit line.

What does Southwest Rapid Rewards Premier Card downgrade to? →

Comparing cards in the same currency? See the best cards that earn Southwest Rapid Rewards →