Southwest Rapid Rewards Performance Business Card Review

Top perks

The Southwest Rapid Rewards® Performance Business Credit Card has some notable features.

80,000-point sign-up bonus

New cardmembers can earn 80,000 bonus points after spending at least $5,000 within the first three months of account ownership. If you can meet this minimum spend, it’s an excellent way to earn a significant amount of bonus points.

9,000 anniversary bonus points

The Southwest Rapid Rewards® Performance Business Credit Card offers 9,000 bonus points at every card anniversary. Since Rapid Rewards points are valued at around $0.015 each, this yearly bonus is worth about $135.

Earn rewards in several spending categories

You’ll earn rewards when spending with the Southwest Rapid Rewards® Performance Business Credit Card. Select bonus categories pay at a higher rewards rate.

Here’s a breakdown of how this credit card earns rewards:

  • Earn 4 points for every $1 spent on Southwest Airlines purchases
  • Earn 3 points for every $1 spent on Rapid Rewards hotel and car rental partner purchases
  • Earn 2 points for every $1 spent on social media and search engine advertising, internet, cable, and phone services
  • Earn 1 point for every $1 on other purchases

If these spending categories make sense for you, this card offers excellent earning potential.

Four Upgraded Boardings every year when available

As a cardholder, you’ll be reimbursed for up to four Upgraded Boardings per year, when available. Southwest Airlines offers this perk to fliers at the cost of $30 to $50 per flight. Upgraded Boarding gives you an A1 to A15 boarding position, so you’ll be able to get on the plane sooner. You can purchase Upgrade Boardings at the departure gate or ticket counter.

Up to $100 credit for TSA PreCheck or Global Entry application fees

The Southwest Rapid Rewards® Performance Business Credit Card provides cardmembers with up to $100 credit to cover the TSA PreCheck or Global Entry application fees. This benefit is available once every four years.

No foreign transaction fees

If you plan to use the Southwest Rapid Rewards® Performance Business Credit Card while traveling internationally, you won’t be charged foreign transaction fees. This perk can save you money if you travel abroad often.

Up to $500 yearly fee credit for points transfers

Southwest Airlines charges Rapid Rewards members to send points to other Rapid Rewards members. With the Southwest Rapid Rewards® Performance Business Credit Card, you’ll get a $500 fee credit for point transfers every year. Without this perk, Rapid Rewards members pay $10 for every 1,000 points transferred.

For every $10,000 points spent with your Southwest Rapid Rewards® Performance Business Credit Card, you’ll earn 1,500 tier qualifying points (TQPs). This is available for up to $10,000 spent annually. Southwest’s A-List status requires 35,000 TQPs per year, so this benefit could help you achieve A-list status sooner. A-List status loyalty members get extra perks like a 25% increase in points earned on Southwest flights, priority check-in, and priority boarding.

Get a jump start on earning a companion pass

This Southwest Rapid Rewards® Performance Business Credit Card may help you achieve a companion pass sooner. Once earned, a companion pass allows one pre-chosen companion to fly with you on Southwest flights for free, minus taxes and fees. You can earn a companion pass after flying 100 one-way flights or earning 125,000 qualifying points in a calendar year.

The 80,000 sign-up bonus points available with the Southwest Rapid Rewards® Performance Business Credit Card could provide a great jump start toward earning this benefit.

Travel and consumer protections

This credit card offers travel and consumer protection, including the following:

  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase protection

These additional benefits add value to the Southwest Rapid Rewards® Performance Business Credit Card.

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