Southwest Rapid Rewards® Premier vs Iberia Visa Signature® Card
Side-by-side comparison
| Southwest Rapid Rewards® Premier | Iberia Visa Signature® Card | |
|---|---|---|
| Annual fee | $149 | $95 |
| Welcome offer | 75,000 Avios | |
| Dining | 2x | 1x |
| Groceries | 2x | 1x |
| Gas | 1x | 1x |
| Travel | 1x | 3x |
| Streaming | 1x | 1x |
| Everything else | 1x | 1x |
| Est. yearly rewards* | $382 | $328 |
| Points type | Locked to Southwest Rapid Rewards | Locked to Avios |
| Network | Visa | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of household spending, the Southwest Rapid Rewards® Premier earns about $382 a year in rewards and the Iberia Visa Signature® Card about $328, valuing every point at a flat 1 cent. The Southwest Rapid Rewards® Premier charges $149, which you clear through its rewards and perks. The Iberia Visa Signature® Card charges $95, which you clear through its rewards and perks. The two are effectively tied on value, with the Southwest Rapid Rewards® Premier marginally ahead, mostly because it earns more where you spend most, on groceries and dining. Neither leans on transferable points, so the deciding factors are the welcome offer, the card network, and which everyday perks you will actually use. On the sign-up bonus, the two are currently comparable in size. Note that Southwest Rapid Rewards® Premier is running a limited-time offer above the usual amount, so that edge may not last. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Southwest Rapid Rewards® Premier if your spending leans toward dining, groceries. Pick the Iberia Visa Signature® Card if your spending leans toward travel.