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The Southwest® Rapid Rewards® Performance Business Credit Card is ideal for small-business owners who fly Southwest frequently. It has the highest annual fee of any Southwest card, but in return, you'll receive benefits like inflight Wi-Fi credits, a Global Entry/TSA PreCheck/NEXUS credit, and up to four upgraded boardings per year.

The card currently offers the highest welcome bonus of any Southwest credit card: Southwest® Rapid Rewards® Performance Business Credit Card. That's worth Southwest® Rapid Rewards® Performance Business Credit Card in travel, per Insider's points and miles valuations — and the best part is that those points count toward the Southwest Companion Pass.

Review: Is the Southwest Rapid Rewards Performance Business Credit Card the Best Card for You?

Chase offers five co-branded Southwest credit cards with varying annual fees and benefits. The most premium is the Southwest® Rapid Rewards® Performance Business Credit Card, with a Southwest® Rapid Rewards® Performance Business Credit Card annual fee. That's no small amount, for sure — but if you're a small business owner who flies Southwest on a regular basis, the benefits could be well worth it.

The Southwest® Rapid Rewards® Performance Business Credit Card offers a welcome bonus of Southwest® Rapid Rewards® Performance Business Credit Card. The points you earn with this card also count toward earning the Southwest Companion pass, which allows you to bring a companion along for just the cost of taxes and fees on paid and award tickets.

Of all the Southwest credit cards, this card has the highest earning rate on Southwest flights, and offers bonus points in other categories like social media and search engine advertising, internet, cable, and phone services, local transit, and commuting. But where the Southwest® Rapid Rewards® Performance Business Credit Card really shines is its day-of-travel benefits, including up to 365 inflight Wi-Fi credits and up to four upgraded boardings (when available) per year.

If you don't fly often enough to take advantage of these perks, you'll likely do better with other Southwest cards with lower annual fees. Another small-business version — the Southwest Rapid Rewards® Premier Business Credit Card — offers a welcome bonus of Southwest Rapid Rewards® Premier Business Credit Card and charges a Southwest Rapid Rewards® Premier Business Credit Card annual fee.

Alternately, you could consider one of the Southwest personal cards, all of which are offering a welcome bonus of Southwest Rapid Rewards® Priority Credit Card:

These all come with varying benefits, so depending on your travel habits one of them could be a better fit.

For those who prefer flexibility, a card that earns transferable Chase Ultimate Rewards® points is another option. You can transfer Chase points to Southwest at a 1:1 ratio when you have the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card, and all three Chase cards offer generous welcome bonuses as well.

We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

How to Earn Points From the Southwest Performance Business Credit Card

The Southwest® Rapid Rewards® Performance Business Credit Card makes it easy to earn lots of Southwest points. Cardholders earn:

  • 4 points per dollar on Southwest purchases (including flights, inflight purchases, Southwest gift cards, and Southwest Vacations packages)
  • 3 points per dollar on Rapid Rewards hotel and car partners (see the full list here)
  • 2 points per dollar on local transit and commuting, including rideshare (and also passenger trains, buses, taxis, limousines, rideshare, ferries, toll bridges and highways, and parking lots and garages)
  • 2 points per dollar on social media and search engine advertising, internet, cable, and phone services 
  • 1 point per dollar everywhere else

In addition, you can earn more points when you refer a friend for any Southwest card. Southwest cards currently offer 20,000 points per approved referral, up to a maximum of 100,000 Southwest points per year.

How to Use Southwest Points 

The easiest way to use your points is by redeeming them for flights on Southwest. The airline has a substantial domestic route network (including Hawaii), and it also flies to a number of international destinations in the Caribbean, Mexico, and Central America. 

Unlike many airlines, Southwest doesn't have an award chart — instead, the number of points required for an award flight is directly tied to the price of a paid ticket. You can expect to get an average value of around 1.4 cents per Southwest point, based on Insider's points and miles valuations, when you redeem them for award travel. There are no blackout dates and no seat restrictions; as long as there's a ticket available for purchase, you can book it with points. 

Using your Southwest points to book award flights online is straightforward — once you log into your Rapid Rewards account, just search for flights as if you were looking for a paid ticket. You can toggle between the cash price and the points cost, so you can easily compare the two. 

If you're not ready to get back in the air yet, there's no rush to redeem your points, because they'll never expire. However, Southwest credit card holders do have other options for redeeming points through the More Rewards program, including merchandise, gift cards, car rentals, hotels, cruises, experiences, and international flights on other airlines. The value you'll get per point varies, but it's usually a poor value compared to redeeming for Southwest flights.

Southwest Business Card Benefits and Features

Earn the Southwest Companion Pass

Widely considered to be one of the best deals in travel, the Southwest Companion Pass allows you to bring a designated companion along on paid and award flights for just the cost of taxes and fees (typically about $6 on domestic flights) — and you can use your Companion Pass an unlimited number of times while it's valid.

To earn the Southwest Companion Pass, you'll need to accumulate 135,000 qualifying Southwest points in a calendar year, and points earned from the bonus and spending on the Southwest® Rapid Rewards® Performance Business Credit Card count toward that total. It makes the most sense to qualify for the Companion Pass early in the year, because it's valid for the rest of the year in which you earn it and the entire year after.

Anniversary bonus

The Southwest® Rapid Rewards® Performance Business Credit Card offers a bonus of 9,000 points each year on your card anniversary. That's worth about $126 in Southwest flights based on Insider's valuations, which can go a long way toward offsetting the annual fee. 

Upgraded boardings

The Southwest® Rapid Rewards® Performance Business Credit Card offers statement credits toward the purchase of up to four upgraded boardings with Southwest every year. Normally, this costs $30 to $50 per flight, depending on the route.

This is different from Southwest EarlyBird Check-In, which you purchase at booking or add afterward; upgraded boarding is sold at the gate when there is extra space available in the A1-A15 boarding group.

Southwest doesn't offer preassigned seating; instead, your boarding position (and opportunity to choose a seat) is based on when you check in for your flight. Upgraded boarding is a great way to get on the airplane sooner and avoid getting stuck in the middle seat.

Inflight Wi-Fi credits

With the Southwest® Rapid Rewards® Performance Business Credit Card, you'll receive up to 365 credits for inflight Wi-Fi per year. Southwest normally charges $8 for Wi-Fi access, but when you charge the purchase to your card, you'll receive a statement credit.

If you use this credit 25 times, you'll get enough value from this perk to offset the entire annual fee. You're limited to a total of 365 credits across your account between yourself and any authorized users you add.

Global Entry, TSA PreCheck, or NEXUS credit

Every four years, Southwest® Rapid Rewards® Performance Business Credit Card are eligible for up to $100 in credit toward the NEXUS, Global Entry, or TSA PreCheck application fee.

Fast-track to Southwest A-List elite status

If you're trying to qualify for Southwest's A-List or A-List Preferred elite status, the Southwest® Rapid Rewards® Performance Business Credit Card can give you a boost. For every $10,000 in eligible net purchases on the card, you'll earn 1,500 Tier Qualifying Points (TQPs), with no maximum number of TQPs you can earn. 

A-List status normally requires 25 one-way flights or 35,000 tier qualifying points (TQPs) per calendar year, and A-List Preferred requires 50 one-way flights or 70,000 TQPs. Benefits include bonus points on qualifying flights (25% for A-List and 100% for A-List Preferred), priority boarding, check-in and security line access, a dedicated phone line, and free inflight Wi-Fi (A-List Preferred only).

Southwest transfer fee credits

When you use your Southwest® Rapid Rewards® Performance Business Credit Card to pay fees for transferring points to another Rapid Rewards Member or a pre-selected charity chosen by Southwest with an active Rapid Rewards account, you can be reimbursed up to $500 in transfer fees per account anniversary year.

Transferring points to others is usually not a good deal, because Southwest charges $5 for every 500 points transferred, with a minimum transfer amount of 2,000 points. However, with this fee rebate, you'll be covered for up to 50,000 points worth of transfers.

Car rental insurance

When you use your Southwest® Rapid Rewards® Performance Business Credit Card to rent a vehicle for business purposes, you're eligible for primary car rental insurance. You'll have to decline the collision insurance offered by the rental company and charge the entire cost of the rental to your card to receive coverage.

However, this doesn't include liability, so you'll have to pay for that separately or carry coverage through your own personal auto insurance policy.

Baggage delay insurance

If you use your Southwest® Rapid Rewards® Performance Business Credit Card to pay your fare, you can be covered for purchases of essentials, like clothing and toiletries, if your luggage is delayed by six hours or more. Coverage is for up to $100 per day for up to three days.

Lost luggage reimbursement

Cardholders and their immediate family members are eligible for up to $3,000 per passenger in coverage if the carrier loses or damages your bags, when you use the card to pay for your ticket.

Travel accident insurance

When you use your Southwest® Rapid Rewards® Performance Business Credit Card to pay for air, bus, train, or cruise transportation, you're eligible to receive accidental death or dismemberment coverage of up to $500,000.

Purchase protection

If an eligible new item you've bought with your Southwest® Rapid Rewards® Performance Business Credit Card is damaged or stolen within 120 days of purchase, you're eligible for purchase protection coverage of up to $10,000 per claim and $50,000 per account.

Extended warranty

The Southwest® Rapid Rewards® Performance Business Credit Card extends the period of eligible US manufacturer's warranties by a year, on warranties of three years or less.

Travel and emergency assistance services

The Southwest® Rapid Rewards® Performance Business Credit Card comes with access to a travel and emergency assistance hotline, which can help you arrange services like legal or medical referrals if things go wrong when you're away from home. The service itself is free, but any third-party costs are your responsibility.

Roadside dispatch

Cardholders can also access a 24/7 roadside dispatch hotline, which can arrange things like towing and jumpstarts when you're on the road for a set fee, which gets billed to your card.

Free DoorDash DashPass subscription

Through December 31, 2024, you can activate a complimentary DoorDash DashPass subscription for 12 months which gets you no delivery fees and reduced service fees when you order from DoorDash and Caviar delivery services. 

Gopuff credits

Through December 31, 2023, you can get $10 per month in Gopuff credits when you add the Southwest® Rapid Rewards® Performance Business Credit Card as your default payment method in the Gopuff app. There's a minimum order amount of $10 plus a $3.95 delivery fee per order.

Gopuff is a fast delivery service that offers things like groceries, convenience items, beverages, household supplies, and more. 

Fees and Costs

The Southwest® Rapid Rewards® Performance Business Credit Card charges a Southwest® Rapid Rewards® Performance Business Credit Card annual fee. However, there are no foreign transaction fees, so this card is a good choice for international purchases.

There are no fees for authorized user cards, so you can earn points from your employees' spending at no additional cost. Like most other cards, the Southwest® Rapid Rewards® Performance Business Credit Card charges fees for balance transfers, cash advances, returned payments, and late payments.

Compare Southwest Rapid Rewards Performance Business Card vs Other Southwest Credit Cards

 

Southwest® Rapid Rewards® Performance Business Credit Card

Southwest Rapid Rewards® Premier Business Credit Card

Southwest Rapid Rewards® Priority Credit Card

Annual fee

Southwest® Rapid Rewards® Performance Business Credit Card

Southwest Rapid Rewards® Premier Business Credit Card

Southwest Rapid Rewards® Priority Credit Card

Rewards rate

4x points on Southwest purchases

3x points on Rapid Rewards hotel and car partners

2x points on local transit and commuting, including rideshare

2x points on social media and search engine advertising, internet, cable, and phone services

1 point per dollar on all other purchases

3x points on Southwest Airlines purchases

2x points on Rapid Rewards hotel and car partners

2x points on local transit and commuting, including rideshare

1 point per dollar on all other purchases

3x points on Southwest purchases

2x points on Rapid Rewards hotel and car rental partner purchases

2x points on local transit and commuting, including rideshare

2x points on internet, cable, phone services, and select streaming

1x point per dollar on everything else

Welcome bonus

Southwest® Rapid Rewards® Performance Business Credit Card

Southwest Rapid Rewards® Premier Business Credit Card

Southwest Rapid Rewards® Priority Credit Card

Southwest benefits

9,000 points on your card anniversary

Earn tier-qualifying points toward A-List elite status

Four upgraded boardings per year, when available

Up to 365 inflight Wi-Fi credits per year

$100 Global Entry or TSA Precheck credit every four years

Up to $500 per year in Southwest fee credits for points transfers

6,000 points on your card anniversary

Earn tier-qualifying points toward A-List elite status

Two EarlyBird Check-Ins per year

25% back on inflight drinks and Wi-Fi

Up to $500 per year in Southwest fee credits for points transfers

7,500 points on your card anniversary

Earn tier-qualifying points toward A-List elite status

$75 annual Southwest travel credit

4 upgraded boardings per year when available

25% back on in-flight drinks and Wi-Fi

Review

 

Southwest Premier Business card review

Southwest Rapid Rewards Priority credit card review

Southwest Rapid Rewards Performance vs other airline business cards

 

Southwest® Rapid Rewards® Performance Business Credit Card

United℠ Business Card

CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

Annual fee

Southwest® Rapid Rewards® Performance Business Credit Card

United℠ Business Card

CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

Rewards rate

4x points on Southwest purchases

3x points on Rapid Rewards hotel and car partners

2x points on local transit and commuting, including rideshare

2x points on social media and search engine advertising, internet, cable, and phone services

1 point per dollar on all other purchases

2x miles on United purchases

2x miles on dining, gas stations, office supply stores, and local transit and commuting

1 mile per dollar on all other purchases

2x miles on eligible American Airlines purchases

2x miles on eligible purchases at telecommunications merchants, cable and satellite providers, car rental merchants, and gas stations

1 mile per dollar on all other eligible purchases

Welcome bonus

Southwest® Rapid Rewards® Performance Business Credit Card

United℠ Business Card

CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

Airline benefits

9,000 points on your card anniversary

Earn tier-qualifying points toward A-List elite status

Four upgraded boardings per year, when available

Up to 365 inflight Wi-Fi credits per year

$100 Global Entry or TSA Precheck credit every four years

Up to $500 per year in Southwest fee credits for points transfers

Two United Club one-time passes per anniversary year

Free first checked bag on United flights* 

Priority boarding on United flights

25% back on United inflight purchases

$100 United credit*

5,000 bonus miles each card anniversary when you have the United Business Card and a personal United credit card

500 Premier Qualifying Points (PQP) for every $12,000 you spend on purchases***

Expanded access to United award flights

Free first checked bag on American Airlines domestic itineraries

Preferred boarding on American Airlines flights

25% back on American Airlines inflight purchases

Domestic companion certificate when you spend $30,000 on purchases in a calendar year and renew your card

Review

 

United Business card review

CitiBusiness AAdvantage Platinum Select American Airlines credit card review

*$100 United credit after making seven or more United flight purchases of $100 or more each card anniversary year

***Up to 1,000 PQP in a calendar year for the United Business Card

Southwest Performance Business Card Frequently Asked Questions (FAQ)

Is the Southwest Performance Business worth it?

The Southwest® Rapid Rewards® Performance Business Credit Card is the most feature-packed Southwest card on the market. It comes with 9,000 bonus points after each account anniversary (worth an average of $126 in travel); it offers four upgraded boardings each year (worth at least $120 in total); it grants up to 365 inflight Wi-Fi credits each year (worth $8 each). This card easily justifies its Southwest® Rapid Rewards® Performance Business Credit Card annual fee for those who fly Southwest even a few times per year.

Who is eligible for the Southwest Performance Business?

The Southwest® Rapid Rewards® Performance Business Credit Card is a small-business rewards credit card. You must have a business venture to qualify (which can be things like an eBay store, freelance writing, Uber driving, etc.).

This card is also subject to the Chase 5/24 rule. In short, you won't qualify for this card if you've opened five or more cards from any bank (excluding certain small-business cards) in the past 24 months.

You also do not qualify for this card if you currently hold the card or if you've earned its bonus within the past 24 months.

How does the Southwest Companion Pass work?

The Southwest Companion Pass is effectively a BOGO certificate for Southwest flights. You can bring along a friend or family member for just the cost of taxes and fees whenever you fly Southwest. Even if you fly every single day, your companion can accompany you. The Companion Pass can last up to two years, depending on when you earn it.

Be prepared to pay a minimum of $5.60 in taxes each way on domestic flights — and sometimes more than $50 when traveling internationally to areas like Central America, the Caribbean, and Mexico.

Can you use Southwest points and the Companion Pass?

The Companion Pass is valid on paid and award flights, so if you booked your own flight with points, you can still add a companion for just the cost of taxes and fees. Also note that by earning the necessary Southwest points to achieve a Companion Pass, you don't have to "trade" your points for the pass. You'll still have them to use for (nearly) free flights.

Read the original article on Business Insider