Southwest Rapid Rewards® Performance Business Credit Card―owned by Chase―is designed for business owners who fly Southwest Airlines frequently. It offers exclusive travel perks, such as in-flight Wi-Fi credits, Global Entry or TSA PreCheck® fee credit, and up to four upgraded boardings per year. It has a $199 annual fee and doesn’t charge foreign transaction fees.
Southwest® Rapid Rewards® Performance Business Credit Card
BEST FOR:
Those who fly Southwest Airlines frequently
- Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
- 9,000 bonus points after your Cardmember anniversary.
- Earn 4X pts on Southwest® purchases.
- Earn 3X points on Rapid Rewards® hotel and car rental partners.
- Earn 2X points on rideshare.
- Earn 2X points on social media and search engine advertising, internet, cable, and phone services and 1X points on all other purchases.
- 4 Upgraded Boardings per year when available.
- Member FDIC
Pros
- Offers the best rewards for Southwest purchases as compared to other Southwest cards
- Doesn’t charge foreign transaction fees
- Welcome offer
Cons
- Charge high annual fees
- No interest-free financing period on purchases and balance transfers
- Baggage daily insurance: You’re covered with baggage daily insurance if your checked luggage is delayed or misdirected by a carrier for more than six hours.
- Auto rental collision damage waiver: You can decline the rental company’s collision insurance and charge the entire rental cost to your card.
- Lost baggage reimbursement: If you or a family member have checked or carry-on luggage that’s lost or damaged by the carrier, you’re covered up to $3,000 per passenger.
- Employee cards: Earn more points on your employee spending by issuing additional cards at no additional cost.
- Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
- 9,000 bonus points after your Cardmember anniversary.
- Earn 4X pts on Southwest® purchases.
- Earn 3X points on Rapid Rewards® hotel and car rental partners.
- Earn 2X points on rideshare.
- Earn 2X points on social media and search engine advertising, internet, cable, and phone services and 1X points on all other purchases.
- 4 Upgraded Boardings per year when available.
- Member FDIC
Pros
- Offers the best rewards for Southwest purchases as compared to other Southwest cards
- Doesn’t charge foreign transaction fees
- Welcome offer
Cons
- Charge high annual fees
- No interest-free financing period on purchases and balance transfers
- Baggage daily insurance: You’re covered with baggage daily insurance if your checked luggage is delayed or misdirected by a carrier for more than six hours.
- Auto rental collision damage waiver: You can decline the rental company’s collision insurance and charge the entire rental cost to your card.
- Lost baggage reimbursement: If you or a family member have checked or carry-on luggage that’s lost or damaged by the carrier, you’re covered up to $3,000 per passenger.
- Employee cards: Earn more points on your employee spending by issuing additional cards at no additional cost.
When evaluating travel rewards business credit cards like the Southwest Rapid Rewards® Performance Business Credit Card, we first consider ongoing rewards, introductory rewards, and additional features. We also take into account the annual fee, introductory no-interest financing period, and ongoing annual percentage rates (APRs).
Grading Criteria | Card Score | Highest Possible Score |
---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 25 | 25 |
Additional Features | 23 | 25 |
Annual Fee | 7 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 0 | 5 |
Total Score | 75 | 100 |
Who the Southwest Rapid Rewards® Performance Business Credit Card Is Best For
- Those who fly Southwest Airlines frequently: You’ll earn four points per dollar spent on purchases made directly with Southwest Airlines. You can redeem these points for free flights.
- Those who travel from time to time: Aside from free flights, the Southwest Rapid Rewards® Performance Business Credit Card allows you to redeem your rewards for hotel stays and car rentals from around the country.
Check out our recommended alternatives below if this card doesn’t fit the bill.
Southwest Rapid Rewards® Performance Business Credit Card Rewards
Points Rewards
- 80,000 points after spending $5,000 on purchases within the first three months of opening an account.
- 4x points for every dollar spent directly on Southwest Airlines®, including flights, in-flight purchases, Southwest gift cards, and Southwest Vacations package purchases
- 3x points per dollar spent with Rapid Rewards hotel and car rental partners
- 2x points for every dollar spent on social media and search engine advertising, internet, cable, and phone services, and on local transit and commuting, including rideshare services
- 1x point on all other purchases
- 9,000 bonus points on each account anniversary
Additional Rewards
- Four upgraded boardings per year when available
- Up to 365 Inflight Wi-Fi credits per year
- 1,500 tier qualifying points for every $10,000 spent, which can be used to apply for Rapid Rewards A-List or A-List Preferred status
- $500 fee credit for points transfers per year
- Up to $100 in statement credit every four years as reimbursement for the application fee for Global Entry, TSA PreCheck®, or NEXUS
- Up to 100,000 bonus points per year for every referral who gets any Southwest Rapid Rewards Credit Card when using the link
Southwest Rapid Rewards® Performance Business Credit Card Calculator
Find out how much you can earn from the Southwest Rapid Rewards® Performance Business Credit Card based on your estimated monthly expenses. Our rewards calculator will compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
Note that each Southwest Rapid Rewards point is valued at 1.5 cents.
How to Redeem Southwest Rapid Rewards® Performance Business Credit Card Rewards
Your earned points can be redeemed as gift cards, merchandise, hotel stays, experiential rewards, and Rapid Rewards Access Events. In addition, you can enjoy Companion Pass®, which allows you to choose one person to fly with you, free of airline charges, whenever you purchase or redeem points for a flight. However, earned points will appear in your Rapid Rewards account up to 30 days after your statement cycle date.
Southwest Rapid Rewards® Performance Business Credit Card Features
- Baggage delay insurance: Get covered if your checked luggage is delayed or misdirected by a carrier for more than six hours. You and your immediate family members will be eligible for a $100-per-day benefit for up to three days.
- Purchase protection: Get covered against damage or theft for new purchases for 120 days—coverage is up to $10,000 per claim and $50,000 per account.
- Extended warranty protection: Extends warranty to up to one additional year on warranties of three years or less.
- Lost baggage reimbursement: Get covered up to $3,000 per passenger if you or a family member have checked or carry-on luggage that’s lost or damaged by the carrier.
- Employee cards: Earn more points on your employee spending by issuing additional cards at no additional cost.
Southwest Rapid Rewards® Performance Business Credit Card Fees
APR
- Introductory: None
- Ongoing, My Chase LoanSM, and balance transfer: 21.49% to 28.49% variable—adjusts with the prime rate (with no minimum interest charge)
- Cash advance: 29.99% variable—adjusts with the prime rate
- Default: Up to 29.99% variable—adjusts with the prime rate; will be applied indefinitely to your account if at least one condition is met:
- You failed to make a minimum payment by the date and time it’s due.
- You made a returned payment.
Fees
- Annual: $199
- My Chase PlanSM: Monthly fee of 1.72% of either the amount of each eligible transaction or the amount selected to create a My Chase Plan
- Balance transfer: Either $5 or 5% of the amount of each transfer, whichever is greater
- Cash advance: Either $15 or 5% of the amount of each transaction, whichever is greater
- Foreign transaction: None
- Late and return payment: $40
- Return check: None
Your due date is at least 20 days after the close of each billing cycle.
- Online or Chase Mobile® app: Go to chase.com/paycard to make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as your statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Mail or money order: Include your name and full account number on your check or money order—don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294
Alternatively, you can send your payment via overnight mail to the following address:
Chase Card Services
201 N. Walnut Street
Del-0153
Wilmington, DE 19801
- Western Union: Use the Code City WALNUT when paying via Western Union. It may take up to seven days for the payment to be reflected in your account.
- In-person: Go to the nearest Chase ATM or branch.
Southwest Rapid® Rewards Performance Business Credit Card Alternatives
Chase Ink Business Preferred®
Ink Business Preferred® Credit Card
BEST FOR:
Maximizing travel rewards at a lower annual fee
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- No foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- No foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
When to Consider Chase Ink Business Preferred®
- You seek a business credit card with a lucrative introductory bonus: It offers 100,000 bonus points after spending $8,000 on purchases within the first three months from account opening—that’s worth $1,000 cash back or $1,250 toward travel when you redeem it through the Chase Ultimate Rewards®.
- You want an alternative travel business credit card from the same issuing bank: It lets you earn three points per $1 on the first $150,000 spent in combined purchases in four categories for each account anniversary year. Categories include travel, shipping purchases, advertising on search engines and social media sites, and expenses on internet, cable, and phone services.
Other Benefits
- Does not charge foreign transaction fees.
- Provides reimbursement of up to $5,000 per person and $10,000 per trip for your prepaid, non-refundable travel expenses (includes passenger fares, tours, and hotels) in the event your trip is canceled or cut short by sickness, severe weather, and other covered conditions.
- Lets you request employee cards at no additional cost.
Its lucrative introductory bonus and high credit limit are why it is our best business credit card for travel and leading high-limit business credit card.
Bank of America Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
When to Consider Bank of America Business Advantage Travel Rewards World Mastercard®
- You are a Preferred Rewards for Business member: It lets you earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- You intend to make large purchases: It offers a 0% introductory period on purchases for the first nine billing cycles.
- You want a travel business credit card that does not report to personal credit bureaus: This is one of the few business credit cards that doesn’t report to personal credit bureaus, ensuring your personal credit score won’t be affected by your business transactions.
Other Benefits
- Lets you earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel or dining purchases.
- Charges $0 annual and foreign transaction fees.
- Lets you earn unlimited 1.5x points for every dollar spent on all purchases, with no limit on the amount of points you can earn.
This card is in our roundups of the best business credit cards for travel and best small business credit cards. Check our list of the best Bank of America business credit cards for more options from the issuing bank.
Southwest Rapid Rewards® Premier Business Credit Card
Southwest® Rapid Rewards® Premier Business Credit Card
BEST FOR:
Those who fly Southwest Airlines frequently
- Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
- 6,000 bonus points after your Cardmember anniversary.
- Earn 3X points on Southwest Airlines® purchases.
- Earn 2X points on Rapid Rewards® hotel and car rental partners.
- Earn 2X points on rideshare.
- 1 point per $1 spent on all other purchases.
- 2 EarlyBird Check-In® each year.
- Member FDIC
Pros
- Offers the best rewards for Southwest purchases as compared to other Southwest cards
- Does not charge foreign transaction fees
- Welcome offer
Cons
- Charge high annual fees
- No 0% introductory period on purchases and balance transfers
- Baggage delay insurance: Get covered if your checked luggage is delayed or misdirected by a carrier for more than six hours. You and your immediate family members will be eligible for a $100-per-day benefit for up to three days.
- Purchase protection: Get covered against damage or theft for new purchases for 120 days—coverage is up to $10,000 per claim and $50,000 per account.
- Extended warranty protection: Extends warranty to up to one additional year on warranties of three years or less.
- Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
- 6,000 bonus points after your Cardmember anniversary.
- Earn 3X points on Southwest Airlines® purchases.
- Earn 2X points on Rapid Rewards® hotel and car rental partners.
- Earn 2X points on rideshare.
- 1 point per $1 spent on all other purchases.
- 2 EarlyBird Check-In® each year.
- Member FDIC
Pros
- Offers the best rewards for Southwest purchases as compared to other Southwest cards
- Does not charge foreign transaction fees
- Welcome offer
Cons
- Charge high annual fees
- No 0% introductory period on purchases and balance transfers
- Baggage delay insurance: Get covered if your checked luggage is delayed or misdirected by a carrier for more than six hours. You and your immediate family members will be eligible for a $100-per-day benefit for up to three days.
- Purchase protection: Get covered against damage or theft for new purchases for 120 days—coverage is up to $10,000 per claim and $50,000 per account.
- Extended warranty protection: Extends warranty to up to one additional year on warranties of three years or less.
When to Consider Southwest Rapid Rewards® Premier Business Credit Card
- You prefer an alternative co-branded travel business credit card: For a low annual fee, receive the same perks and benefits as a frequent flier of Southwest Airlines.
Other Benefits
- Lets you earn 60,000 points after you spend $3,000 on purchases in the first three months your account is open.
- Lets you earn up to 3x points per dollar spent on selected spending categories.
- Offers protection coverage on your new purchases for 120 days against damage or theft.
- Extends the original manufacturer’s warranty by an additional year for purchases with warranties of three years or less.
Check our roundup of the best Chase business credit cards for more options from the same issuing bank.
Bottom Line
Southwest Rapid Rewards® Performance Business Credit Card is best for business owners who fly with Southwest Airlines frequently and want to enjoy premium travel benefits. It offers numerous points rewards and travel protection despite its high annual cost of $199. Take note, however, that reward redemption value is poor outside of Southwest flights.