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Ink Business Premier® Credit Card vs Southwest Rapid Rewards® Priority Credit Card
This comparison aims to help you decide between the Ink Business Premier® Credit Card and the Southwest Rapid Rewards® Priority Credit Card. Both cards offer unique benefits tailored to different types of users, making it essential to understand their features and advantages.
Card Overviews
Ink Business Premier® Credit Card
The Ink Business Premier® Credit Card is designed for business owners looking to maximize their cash back on larger purchases. With a robust rewards structure and various business-focused benefits, this card caters to those who frequently spend in significant amounts and need financial flexibility.
Southwest Rapid Rewards® Priority Credit Card
The Southwest Rapid Rewards® Priority Credit Card is perfect for travelers who frequently fly with Southwest Airlines. This card offers a rewarding points system for travel-related purchases, along with valuable anniversary bonuses and travel credits to enhance the overall travel experience.
Detailed Feature Comparison
| Feature | Ink Business Premier® Credit Card | Southwest Rapid Rewards® Priority Credit Card |
|---|---|---|
| Annual Fee | $195 | $149 |
| Welcome Bonus | $1,000 cash back after spending $10,000 in first 3 months | 50,000 points after spending $1,000 in first 3 months |
| Rewards Structure | 2.5% on purchases of $5,000 or more; 2% on all other purchases | 3X on Southwest purchases; 2X on local transit and select services |
| Foreign Transaction Fee | None | None |
| Other Fees | None specified | None specified |
| Additional Benefits | Flex for Business feature, purchase protections, employee cards at no cost | 7,500 anniversary points, $75 travel credit each year |
Rewards Highlights
- Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
- Unlimited 5% total cash back on travel purchased through Chase Travel℠.
- Unlimited 2.5% total cash back on purchases of $5,000 or more.
- Unlimited 2% cash back on all other business purchases.
Pros and Cons
Ink Business Premier® Credit Card
- Pros:
- High cash back on larger purchases.
- No foreign transaction fees.
- Flexibility with payment options for large purchases.
- Comprehensive purchase protections.
- No additional cost for employee cards.
- Cons:
- High annual fee compared to other business cards.
- Welcome bonus requires significant spending to achieve.
Southwest Rapid Rewards® Priority Credit Card
- Pros:
- Excellent rewards for Southwest purchases.
- Annual bonus points and travel credit.
- No foreign transaction fees.
- Attractive welcome bonus with lower spending requirement.
- Cons:
- Rewards are mainly tied to travel with Southwest Airlines.
- Annual fee is still notable for occasional travelers.
Who Should Consider Which Card?
- The Ink Business Premier® Credit Card is ideal for business owners who frequently make large purchases and want to maximize their cash back on those transactions.
- The Southwest Rapid Rewards® Priority Credit Card is best suited for individuals who regularly fly with Southwest Airlines and want to earn travel rewards along with additional benefits for their travel expenses.
Conclusion
When deciding between the Ink Business Premier® Credit Card and the Southwest Rapid Rewards® Priority Credit Card, consider your individual spending habits and financial goals. Each card offers distinct advantages that cater to different needs, so choose the one that aligns best with your lifestyle and preferences.