Southwest Rapid Rewards® Plus Credit Card from Chase: annual fee, APR and rewards

Fact sheet for the Southwest Rapid Rewards® Plus Credit Card, issued by Chase, with a $99 annual fee and miles. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	Chase
Network	Visa
Annual fee	$99 a year
Fee waiver	$99 applied to first billing statement
Rewards	Miles: Earn 2 points per $1 on Southwest Airlines purchases; 2 points per $1 at gas stations and grocery stores on the first $5,000 in combined purchases per anniversary year; 1 point per $1 on all other purchases
Purchase APR	19.49% to 27.99% variable APR
Balance transfer fee	Either $5 or 5% of the amount of each transfer, whichever is greater
Sign-up bonus	Earn 50,000 bonus points after you spend $1,000 on purchases in the first 3 months from account opening
Foreign transaction fee	None
Credit level	Excellent, Good (tiers the issuer reports to the CFPB)

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 24.74%, with a range of 19.24% to 27.74%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.