Southwest Airlines Visa Signature Agreement

Chase Bank USA's filed agreement for COL00078 Southwest Airlines Visa Signature Agreement discloses a $149 annual fee and a 29.99% penalty rate.

What this filing discloses

What follows is drawn entirely from Chase Bank USA's CFPB filing for COL00078 Southwest Airlines Visa Signature Agreement. It is issued on the Visa network and the filing runs 21 pages.

On the record here: a cash advance rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. It is silent on a purchase rate and a grace period.

The disclosure table in this document parsed only moderately cleanly; the numbers are reported as read, with that caveat attached.

Where the fees are

Holding the card costs $149 a year before any transaction takes place — about the 96th percentile among agreements in this index that state a fee.

A first-year waiver applies according to the document — the $149 begins biting in year two.

For cash advances the filing discloses a cash advance fee of $10 or 5% of the advance, whichever is greater and a cash advance APR of 24.99%. The two halves of that fee cross at about $200: below it the flat $10 applies, above it the percentage does.

The transfer fee is $5 or 5% of the amount transferred, whichever is greater; transferred balances then run at 13.24%. On $5,000 that fee is about $250 before any interest is charged.

Foreign transactions attract 3%. On $1,500 of overseas spending that is $45, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

When a payment is late

A penalty APR of 29.99% sits in this filing, applied when the account falls into default as the agreement defines it. Against the 794 filings here that disclose one, that is roughly the 61st percentile.

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Grace period and minimum charge

The filing sets the minimum interest charge at zero — small balances are not rounded up to a floor.

Against the rest of Chase Bank USA's filings

25 separate Chase Bank USA filings appear in the corpus.

Among the issuer's other filings that disclose a fee, 16 of 22 come in below this card's $149.

What the filing does not tell you

The disclosure parsed here does not state a purchase rate and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Where the authority sits

This summary stands or falls on the linked PDF — 21 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

Against that sits the $149 annual fee, which is unavoidable once the account is open. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.