Rating: 5 Stars
Bottom Line:
High Rewards For Southwest Business Travelers
TABLE OF CONTENTS
Card Details
| Regular APR: | 17.74 – 24.74% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | Earn 3 points for every $1 you spend on Southwest Airlines? purchases Earn 2 points for every $1 you spend on social media and search engine advertising, Internet, cable, and phone services Earn 1 point for every $1 you spend on all other purchases |
| Credit Needed: | (670 – 850) Good/Excellent |
| Annual Fee: | $199 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn 70,000 points after you spend $5,000 on purchases in the first three months of account opening
- 9,000 points every year on your Cardmember anniversary
- Earn 3 points for every $1 you spend on Southwest Airlines purchases
- Earn 2 points for every $1 you spend on social media and search engine advertising, Internet, cable, and phone services
- Earn 1 point for every $1 you spend on all other purchases
- Global Entry or TSA Pre Fee credit in the form of a statement credit of up to $100 every four years
- Earn tier qualifying points towards A-List status
- Points earned count towards Companion Pass – the benefit that lets a friend fly with you free of airline charges for a year
- Four Upgraded Boardings per year when available
Is Southwest Rapid Rewards Performance Business Credit Card worth it?
Southwest Rapid Rewards Performance Business Credit Card is a great card for business travelers who fly Southwest. You get 70,000 points after you spend $5,000 on purchases in the first three months, and these points as well as future points you earn count toward the Companion Pass, the coveted benefit that allows you to bring any friend on any Southwest flight free of charge with you for a year.
Plus, when you earn the Companion Pass, it’s valid for the remainder of the current year and for the next year. Southwest Rapid Rewards Performance Business Credit Card also offers Global Entry or TSA Pre Fee credit in the form of a statement credit of up to $100 every four years. If you don’t have another card that has provided you this as a benefit already, this is a great opportunity to sign up and save some time going through security, and in the case of Global Entry, U.S. customs.
Generally, business cards are less valuable than personal cards, because they have higher annual fees and fewer perks, but Southwest Rapid Rewards Performance Business earns 3 points for every $1 you spend on Southwest Airlines purchases, and given that Southwest Airlines points are worth about 1.5 cents, that’s a 3 x .015 = 4.5% rewards rate. In other words, for every hundred dollars you spend on Southwest Airlines, you earn $4.50 in credit for future flights. This is almost like having a 4.5% off coupon for every Southwest flight.
You also get four upgraded boardings per year when available that allow you to upgrade to A1-A15. A is the boarding group and 1-15 is the boarding position. For example, A1 boards before A15. With the sign up bonus alone being worth 70,000 x $0.015 = $1050, this $199 annual fee card makes financial sense.
Pros
- Earn 70,000 points after you spend $5,000 on purchases in the first three months of account opening
- Points earned count towards 125,000 Companion Pass amount – the benefit that lets a friend fly with you free of airline charges for a year. Note that purchased points do not count towards Companion Pass
- 9,000 points every year on your Cardmember anniversary
- No foreign transaction fee
Cons
- $199 annual fee
Why 5 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
5 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | None |
| Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater |
| Cash Advance Fee | Either $15 or 5% of the amount of each transaction, whichever is greater |
| Penalty APR | Up to 29.99% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Extended Warranty Program |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
Credit Cards Research:
Best Credit Cards for 2021
These are the best credit cards for 2021.
Best Credit Cards for Excellent Credit
If you have excellent credit, check out these cards. These are the best cards for excellent credit with travel rewards and cash bonuses.
Best Credit Cards to Pay off Debt
The fastest way to pay off credit card debt is by transferring a balance to a 0% APR credit card. These are the best balance transfer cards on the market.