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The Southwest\u00ae Rapid Rewards\u00ae Performance Business Credit Card might be on your radar if you\u2019re a frequent Southwest flier. This card\u2019s airline-focused perks and valuable welcome bonus make it suitable for select travelers. Plus, it could make it much easier to earn the coveted Southwest Companion Pass.<\/p>\n
Check out this card’s features, benefits, and drawbacks to make an informed decision about whether it’s right for your wallet.<\/p>\n
Annual fee<\/p>\n
$299<\/p>\n<\/li>\n
Welcome offer<\/p>\n
Earn 80,000 points after you spend $5,000 on purchases in the first 3 months<\/p>\n<\/li>\n
Card type(s)<\/p>\n
Travel, Airline, Business<\/p>\n<\/li>\n
Ongoing Purchases APR<\/p>\n
19.24% – 27.74% Variable<\/p>\n<\/li>\n
Recommended credit score<\/p>\n
Excellent\/Good<\/p>\n<\/li>\n<\/ul>\n
Rewards rate<\/p>\n
Benefits<\/p>\n
Spending enough to earn the Southwest Rapid Rewards Performance Business Card\u2019s welcome bonus is one of the best ways to rack up points quickly.<\/p>\n
While this card has a higher annual fee than its sister card, the Southwest Rapid Rewards Premier Business Card, spending enough to earn the welcome bonus will easily offset the cost in the first year.<\/p>\n
You can also get impressive rewards when you spend with Southwest, earning 4x points. Select general business purchases also carry a higher earning rate. You\u2019ll get 2x points at gas stations and restaurants; on hotel accommodations booked directly with the hotel; and on local transit and commuting, including rideshare.<\/p>\n
There\u2019s not much flexibility when it comes to redemptions, which is fairly common among airline credit cards. You can redeem your points for seats for yourself or a companion on Southwest-operated flights, but that\u2019s it. Non-branded, general travel cards offer a lot more flexibility with redemptions.<\/p>\n
You\u2019ll get a special 9,000-point bonus for every year of card membership. This bonus will appear in your account shortly after your cardholder anniversary.<\/p>\n
If you use your card to purchase a TSA PreCheck, Global Entry, or NEXUS membership, you\u2019ll get a credit of up to $120 every four years to offset that cost.<\/p>\n
If you\u2019re a Southwest loyalist working toward A-List or A-List Preferred elite status, this card can help you get there faster. For basic A-List status, you\u2019ll need to earn 35,000 tier qualifying points (TQPs) or take 20 qualifying flights in a given year. For A-List Preferred, it\u2019s 70,000 TQPs or 40 qualifying flights.<\/p>\n
With the Southwest Rapid Rewards Performance Business Card, you\u2019ll earn 2,500 TQPs for each $5,000 you spend anually.<\/p>\n
Some cards apply a percentage-based charge, often up to 3%, each time you make a purchase abroad, but not the Southwest Rapid Rewards Performance Business Credit Card. No matter where you travel, you don\u2019t need to worry about foreign transaction fees when you buy things internationally.<\/p>\n
This card gives you an additional year of warranty coverage on eligible purchases. You also get 120 days of purchase protection for qualifying items, with up to $10,000 in coverage per claim or $50,000 total for your account.<\/p>\n
If you typically fly Southwest for multiple business trips yearly, the Southwest Rapid Rewards Performance Business Card could be for you. Its Southwest-focused rewards and perks can help you save on future flights, though you\u2019ll need to use your card often enough to offset the annual fee. Earning the welcome bonus can help you recoup this cost in the first year.<\/p>\n
Valuable welcome bonus<\/p>\n<\/li>\n
Can earn points toward A-List status and Companion Pass<\/p>\n<\/li>\n
Up to $120 TSA PreCheck, Global Entry, or NEXUS membership fee credit<\/p>\n<\/li>\n<\/ul>\n
Has a relatively high annual fee<\/p>\n<\/li>\n
Doesn\u2019t offer a 0% introductory APR<\/p>\n<\/li>\n
Benefits are mostly Southwest-focused<\/p>\n<\/li>\n
Limited redemption options<\/p>\n<\/li>\n<\/ul>\n
There are very few limitations on where you can use your Southwest Rapid Rewards Performance Business Credit Card, as it\u2019s part of the Visa network. Your card will be accepted in over 200 countries and territories.<\/p>\n
By logging into your your Chase account<\/p>\n<\/li>\n
Via phone: 1-800-436-7958<\/p>\n<\/li>\n
Through a local Chase branch<\/p>\n<\/li>\n
Via the Chase mobile app<\/p>\n<\/li>\n
By mail:<\/p>\n
Regular:Cardmember ServicesP.O. Box 6294Carol Stream, IL 60197-6294<\/p>\n<\/li>\n
Overnight:Chase Card Services201 N. Walnut StreetDe1-0153Wilmington, DE 19801<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Cardholders can reach Chase\u2019s customer service team over the phone at 1-800-432-3117 or through their social media. You can also log into the Chase portal if you have questions or need help with your card.<\/p>\n
The Southwest Rapid Rewards Performance Business Credit Card is an excellent option if you fly on Southwest-operated flights often. But if you don\u2019t, one of these alternatives could be a better fit.<\/p>\n
Annual fee<\/p>\n
$375<\/p>\n<\/li>\n
Welcome offer<\/p>\n
Earn 100,000 Membership Rewards\u00ae Points after you spend $15,000 on purchases within the first 3 months<\/p>\n<\/li>\n
Card type(s)<\/p>\n
Business, Rewards<\/p>\n<\/li>\n
Ongoing Purchases APR<\/p>\n
17.74% – 28.49% Variable<\/p>\n<\/li>\n
Recommended credit score<\/p>\n
Excellent\/Good<\/p>\n<\/li>\n<\/ul>\n
Rewards rate<\/p>\n
Benefits<\/p>\n
Why we like it<\/strong>: The American Express Business Gold Card has a high annual fee, but hear us out: It also gives you up to $240 in annual statement credits on qualifying U.S. purchases at office supply stores, FedEx, and GrubHub, plus you\u2019ll get monthly Walmart+ membership credits valued at up to $155 annually (select benefits require enrollment.) If you can take advantage of these benefits, that\u2019s a total of $395 in credits, completely offsetting the card\u2019s annual cost.<\/p>\n Read our full Amex Business Gold review<\/em><\/strong><\/p>\n Annual fee<\/p>\n $0<\/p>\n<\/li>\n Welcome offer<\/p>\n 15,000 Membership Rewards\u00ae Points after spending $3,000 in first 3 months<\/p>\n<\/li>\n Introductory Purchases APR<\/p>\n 0% on purchases for 12 months from date of account opening<\/p>\n<\/li>\n Ongoing Purchases APR<\/p>\n 16.74% – 26.74% Variable<\/p>\n<\/li>\n Recommended credit score<\/p>\n Excellent, Good<\/p>\n<\/li>\n<\/ul>\n Rewards rate<\/p>\n 2x points on everyday business purchases such as office supplies or client dinners (applies to the first $50,000 in purchases per year, 1x after that). Terms and limitations apply.<\/p>\n<\/li>\n<\/ul>\n Benefits<\/p>\n Why we like it<\/strong>: If you\u2019d prefer a card without an annual fee that offers flexible rewards, the Blue Business Plus Credit Card from American Express is worth a look. This card offers a valuable welcome bonus, and you\u2019ll also get a 0% introductory APR offer on purchases.<\/p>\n The Blue Business Plus doesn\u2019t offer the rewards-earning potential of some competitors, but it\u2019s a great option if you\u2019re planning a big business purchase and want some extra time to pay it off.<\/p>\n Read our full Amex Blue Business Plus review<\/em><\/strong><\/p>\n Annual fee<\/p>\n $95<\/p>\n<\/li>\n Welcome offer<\/p>\n Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months<\/p>\n<\/li>\n Ongoing Purchases APR<\/p>\n 17.74% – 26.74% Variable<\/p>\n<\/li>\n Ongoing Balance Transfer APR<\/p>\n 17.74% – 26.74% Variable<\/p>\n<\/li>\n<\/ul>\n Rewards rate<\/p>\n Benefits<\/p>\n Why we like it<\/strong>: Like the Southwest Rapid Rewards Performance Business Card, the Ink Business Preferred Card comes with an impressive welcome bonus. But the Ink Business Preferred also offers much more flexible redemption options, making it a better choice for offsetting general travel costs or business purchases.<\/p>\n Read our full Ink Business Preferred review<\/em><\/strong><\/p>\n This article was edited by <\/em>Ben Walker (CEPF, CFEI\u00ae)<\/em><\/p>\n Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank\u2019s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.<\/em><\/p>\n<\/p><\/div>\n
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