Southwest Airlines has added two new VISA cards to their fleet. This week, the airline and its card partner, Bank One, introduced the "Rapid Rewards VISA Business" card, and the "Rapid Rewards VISA Signature" card. The new business card offers two "Reward Dollars" for every dollar in Southwest purchases, and one "Reward Dollar" for every dollar in all other card purchases. In addition, business owners will receive accrual of "Rapid Rewards Credits" for "Reward Dollars" earned on employee cards issued on the business account. The new "Southwest Airlines Rapid Rewards VISA Signature" offers two "Reward Dollars" for every dollar in Southwest purchases versus one "Reward Dollar" on the existing "Southwest Airlines Platinum VISA" card. Under both, new programs, one "Rapid Rewards Credit" is issued for every 1,200 "Reward Dollars" earned. After earning 16 credits in 12 consecutive months, cardholders receive an automatic roundtrip award. For more information visit www.southwest.com/visa. Apply link: http://www.firstusa.com/cgi-bin/web...outhwest_airlines_bizcard&page=cont&mkid=6GQR
Annual Percentage Rate (APR) for purchases (including balance transfers) 12.65%_variable1 Other APRs Cash Advance APR: 19.99%_variable Default rate: 24.99% _variable. See explanation below.2 Closed account rate: 24.99% _variable. See explanation below.3 Variable rate information The following APRs may vary monthly based on the Prime Rate:4 Purchase APR equals the Prime Rate plus 8.65%. Cash advance APR equals the Prime Rate plus 15.99%. Default rate and closed account rate equal the Prime Rate plus up to 20.99%.5 Grace period for repayment of purchase balances At least 20 days, but none for balance transfers or convenience checks. Method of computing the balance for purchases Average daily balance method (including new purchases). Annual fee $59.00 Minimum finance charge $1.00 Transaction fee for certain purchases Purchase of wire transfers, money orders, or similar cash-like transactions; lottery tickets, casino gambling chips, race track wagers, or similar betting transactions; foreign currency and travelers checks from other than a bank: 3% of the amount of each purchase, but not less than $10.00. Transaction fee for balance transfers/convenience checks 3% of the amount of each transaction, but not less than $5.00 nor more than $50.00. Transaction fees for cash advances ATM cash advances: 3% of the amount of the advance, but not less than $10.00. All other cash advances: 3% of the amount of the advance, but not less than $15.00. Other fees Late Payment fee: $15.00 on balances up to but not including $250, $35.00 on balances of $250 and over. However, if you already have made one or more late payments in the prior 12 month period, $35.00 regardless of the amount of your balance. Over-the-Credit-Limit fee: $35.00 1You understand that the terms of your account, including the APRs, are subject to change. This means that the APRs for this offer are not guaranteed; APRs may change to higher APRs, fixed APRs may change to variable APRs, or variable APRs may change to fixed APRs. We reserve the right to change the terms (including the APRs) at any time for any reason, in addition to APR increases that may occur for failure to comply with the terms of your account. Any changes will be in accordance with your Cardmember Agreement. 2Your APRs may increase if you default under any Cardmember Agreement you have with us for any of the following reasons: we do not receive at least the minimum payment due by the date and time due as shown on your billing statement for any billing cycle in which a payment is owed, you exceed your credit line on this Account, you fail to make payment to another creditor when due, you make a payment to us that is not honored by your bank. 3If, at any time after your Account is closed, we demand immediate payment of your outstanding balance and we do not receive payment within the time we specify, we may increase your APRs on all balances up to the closed account rate stated above. 4The "Prime Rate" is the highest prime rate published in the Money Rates column of The Wall Street Journal on the 22nd day of each month if a business day; if not, on the next business day. Variable APRs are based on the 4.00% prime rate on 2/10/2004 . 5We may consider the following factors to determine the default and closed account rate: the length of time your Account has been open, the existence, seriousness and timing of any defaults, and other indications of your Account usage and performance. Transactions in Foreign Currency: Visa and MasterCard convert transactions in foreign currencies to U.S. dollars at a wholesale or government mandated rate. They add 1% to the amount. We add an additional 2% to the amount Visa or MasterCard provides to us.
Southwest Airlines, Bank One Put More Rewards In The Air Introduce Two Products, Both Offer Double Rewards WILMINGTON, Del. - March 1, 2004 - Southwest Airlines [NYSE: LUV] and Bank One [NYSE: ONE] have enhanced the Southwest Airlines Rapid Rewards Visa* program by adding two payment products to their fleet. Southwest Airlines is also expanding its service to Philadelphia in May, giving Southwest Visa cardmembers another destination for which they can redeem their rewards. The Rapid Rewards program, a simple and generous frequent flyer program, now offers the Southwest Airlines Rapid Rewards Visa Business card and the Southwest Airlines Rapid Rewards Visa Signature card to make it even easier for small business owners and consumers to earn travel rewards. Let's Get Down To Business Business owners who travel to and from any of Southwest's destinations have another reason to smile. Not only will Southwest Airlines Rapid Rewards Visa Business cardmembers receive two Reward Dollars for every dollar in Southwest purchases made with the card, they will also receive one Reward Dollar for every dollar in all other card purchases such as shipping costs and office supplies. In addition, business owners will receive the added benefit of simplifying their finances through: Employee cards with spending limits assigned by the business owner. Accrual of Rapid Rewards Credits for Reward Dollars earned on employee cards issued on the business account. Itemized monthly statements and online reporting. Expense management reports identifying business expenses by employee and merchant type. Free additional cards for employees. Unlimited Reward Dollar earning capabilities. "Business travel has been a major focus for Southwest Airlines," said Joyce Rogge, senior vice president, marketing, for Southwest Airlines. "This new business card is a great enhancement for small business owners as they can separate business and personal expenses while also earning rewards toward Southwest travel." The Signature Says It All Consumers may double their pleasure by using the new Southwest Airlines Rapid Rewards Visa Signature card for their Southwest purchases, without an increase to their annual fee. They will earn two Reward Dollars for every dollar in Southwest purchases - versus one Reward Dollar on the existing Southwest Airlines Platinum Visa card. "We've enhanced our Southwest rewards structure to help consumers earn award travel even faster," said Hugh Bleemer, executive vice president for Bank One's card services division. "Consumers want more from their rewards cards without having to invest more and that's exactly what we've given them with the new Signature card." Business and Signature cardmembers will receive the following benefits: Two Reward Dollars for every dollar in Southwest Airlines purchases (excluding Southwest Airlines Vacations® purchases). One Reward Dollar for every dollar in everyday purchases. One Rapid Rewards Credit for every 1,200 Reward Dollars earned. After earning 16 credits in 12 consecutive months, receive an automatic roundtrip Award valid to any of the destinations Southwest Airlines serves. Limited blackout dates and no seat capacity restrictions for Award travel. Low annual fee. Zero liability for unauthorized purchases. Southwest Airlines Rapid Rewards Visa Signature cardmembers will also receive emergency card replacement, personal concierge service, 24-hour roadside dispatch, $1 million travel accident insurance, auto rental insurance coverage, purchase security and travel and emergency assistance. To apply for the Southwest Airlines Rapid Rewards Visa Business card or for additional information, visit www.Southwest.com/Visa or call 800-SWA-VISA. To apply for the Southwest Airlines Rapid Rewards Visa Signature card, visit www.Southwest.com/Visa or call 800-SWA-VISA. To upgrade an existing Southwest Airlines Platinum Visa card to the Signature card product, call 800-792-0001. In recent months, Southwest Airlines (NYSE: LUV) topped the monthly domestic enplaned passenger rankings. The airline currently serves 59 airports in 58 cities in 30 states. Based in Dallas, Southwest currently operates 2,800 flights a day with a fleet of 389 Boeing 737s with an average age of nine years--one of the youngest pure jet fleets in the domestic airline industry. The carrier will begin service in Philadelphia on May 9, 2004. Bank One Corporation is the nation's sixth-largest bank holding company, with assets of more than $325 billion. Bank One currently has more than 50 million credit cards issued, making it the largest Visa card issuer in the world. Bank One offers a full range of financial services to large corporate and middle market commercial customers and retail consumers. This press release and additional information can be found on the Web at www.bankone.com.
