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Quick Answer

The Iberia Visa Signature and Southwest Performance Business are closely matched. Iberia Visa Signature wins on 2 categories (85,000 pts signup bonus); Southwest Performance Business wins on 2 (80,000 pts signup bonus). The better pick depends on your spending patterns.

Card Comparison

Iberia Visa Signature vs Southwest Performance Business

Side-by-side comparison of fees, rewards, benefits, and transfer partners.

Iberia Visa Signature card art
Iberia Plus
Iberia Visa Signature
Chase
More Info
Southwest Performance Business card art
Southwest Rapid Rewards
Southwest Performance Business
Chase
More Info

Comparison Method

CardCurator compares measurable differences first: annual fee, current welcome offer, top-end earning, and recurring credits. If the cards are close, the right answer depends on spending pattern and perk usage rather than headline prestige.

Annual Fee
$95/yr
$299/yr
Foreign Fees
None
None
Signup Bonus
85,000 points
Spend $5,000 in 3 months
80,000 points
Spend $5,000 in 3 months
was 120k pts
Top Earn Rates
  • British Airways, Aer Lingus, and Iberia 3x
  • hotel accommodations when booked directly with the hotel 2x
  • All Other Purchases 1x
  • Southwest Airlines 4x
  • Rapid Rewards Hotel and Car Rental Partners 3x
  • Social Media and Search Engine Advertising, Internet, Cable and Phone Services 2x
Reward Type
miles
miles
Pts Value
~1.30¢/pt Avios · industry est.
~1.40¢/pt points · industry est.
Key Credits
None
  • WiFi Credit $8
  • Global Entry / TSA PreCheck $100
Card Perks
  • 10% discount on airfare
  • Four Upgraded Boardings Per Year
  • In-Flight WiFi Credits
  • 1,500 Tier Qualifying Points
  • +1 more
Spend Milestones
  • 1,000 Airfare Discount Voucher
    After $30,000 spend
  • 1,500 Tier Qualifying Points toward A-List status
    After $10,000 spend
Transfer Partners
No transfer partners
No transfer partners

Quick summary

A short version of the comparison with the main differences at a glance.

The Iberia Visa Signature and Southwest Performance Business are closely matched. Iberia Visa Signature wins on 2 categories (85,000 pts signup bonus); Southwest Performance Business wins on 2 (80,000 pts signup bonus). The better pick depends on your spending patterns. On raw upside, Iberia Visa Signature tops out at 3x versus 4x for Southwest Performance Business. Current signup bonus values are roughly $1360 for Iberia Visa Signature and $1120 for Southwest Performance Business. Updated May 30, 2026. Source: https://cardcurator.ai/compare/iberia-visa-signature-vs-southwest-performance-business

View source data
Winner
Iberia Visa Signature
2/4 categories · up to 3x
Runner-up
Southwest Performance Business
2/4 categories · up to 4x
  • Iberia Visa Signature wins 2 of 4 comparison categories in CardCurator's quick verdict model.
  • Top earn rate: Iberia Visa Signature reaches 3x; Southwest Performance Business reaches 4x.
  • Annual fee: Iberia Visa Signature is $95/yr; Southwest Performance Business is $299/yr.
  • Current public bonus values are approximately $1360 and $1120.

Common Questions: Iberia Visa Signature vs Southwest Performance Business

Is the Iberia Visa Signature or Southwest Performance Business better for dining?

Neither card offers a specific dining bonus — both earn their base rate on restaurant purchases.

Which has the higher signup bonus in 2026?

Iberia Visa Signature currently offers 85,000 pts signup bonus (spend $5,000 in 3 months). Southwest Performance Business offers 80,000 pts signup bonus (spend $5,000 in 3 months). Iberia Visa Signature has the larger bonus.

Which card is better for international travel?

Both cards charge no foreign transaction fees, making either a solid choice for international travel.

Can I hold both the Iberia Visa Signature and the Southwest Performance Business?

In most cases yes — holding both is allowed and can be a smart strategy for maximizing rewards across different spending categories. Both cards are from Chase, so check their specific application rules.