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Southwest® Rapid Rewards® Performance Business Credit Card

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Southwest® Rapid Rewards® Performance Business Credit Card

06/27/24 04:04 pm

Looking for a credit card that boosts your business travel rewards? The Southwest® Rapid Rewards® Performance Business Credit Card might be your perfect companion.

 

Overview of Southwest® Rapid Rewards® Performance Business Credit Card

The Southwest® Rapid Rewards® Performance Business Credit Card offers exceptional benefits for frequent travelers. Here are the key details:

  • Annual Fee: $199

  • Regular APR: 21.49%-28.49% Variable APR

  • Intro APR: N/A

  • Recommended Credit Score: Good - Excellent

  • Sign-Up Bonus: Earn up to 120,000 points. Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening and an additional 40,000 points when you spend $15,000 in 9 months.

  • Anniversary Bonus: 9,000 points each year

 

Pros and Cons of Southwest® Rapid Rewards® Performance Business Credit Card

Understanding the advantages and disadvantages can help you decide if this card is right for you.

Pros

  • High rewards rate

  • Anniversary perk

  • No reward caps

  • Ideal features for international travel

  • Extensive travel protections

  • Free employee cards

Cons

  • High annual fee

  • Rewards have limited flexibility

  • Limited flight network

  • High spending requirement for maximum bonus

 

Everything Southwest® Rapid Rewards® Performance Business Credit Card Can Do For You

The Southwest® Rapid Rewards® Performance Business Credit Card offers a range of benefits that can enhance your travel experience and save your business money.

  • 4X points on Southwest® purchases: Earn 4 points per dollar on flights and other purchases with Southwest Airlines, maximizing rewards for frequent flyers.

  • 3X points on hotel and car rentals with Rapid Rewards partners: Earn more on travel-related expenses.

  • 2X points on rideshare, social media, search engine advertising, internet, cable, and phone services: Boost your points on business operations and advertising expenses.

  • 1X points on all other purchases: Earn rewards on everyday business expenses.

  • Travel benefits: Enjoy Global Entry/TSA Precheck credit, four upgraded boardings per year, daily Wi-Fi credits, no foreign transaction fees, and a suite of travel protections including lost luggage reimbursement and travel accident insurance.

 

Unique Benefits of Southwest® Rapid Rewards® Performance Business Credit Card

This card stands out with its unique features that cater specifically to frequent Southwest travelers.

 

Anniversary Bonus:

Each year, you'll receive 9,000 bonus points on your cardmember anniversary. This perk adds significant value (valued at around $135), covering over half the annual fee and helping offset travel costs. For instance, these points can often be enough for a one-way domestic flight.

 

Companion Pass Qualification:

The sign-up bonus helps you qualify for the Southwest Companion Pass. After earning 135,000 points in a calendar year, you can bring a companion for free on any Southwest flight, regardless of whether you pay with cash or points. This benefit can save you thousands of dollars in airfare, making your travel budget go further and allowing you to take a business partner, friend, or family member along for free.

 

No Foreign Transaction Fees:

Travel abroad without worrying about extra charges on your purchases. This benefit makes international business trips more cost-effective by eliminating the typical 3% fee on purchases made outside the U.S. For example, if you spend $5,000 on a business trip to Europe, you save $150 in fees alone, making this card ideal for frequent international travelers.

 

Travel Protections:

Enjoy peace of mind with a suite of travel protections, including secondary car rental insurance, lost luggage reimbursement, and travel accident insurance. These protections save you from unexpected expenses and hassles during your travels. For instance, if your rental car gets damaged, the card's insurance can cover the repair costs, and if your luggage is lost, you'll be reimbursed for the cost of replacing essential items.

 

EarlyBird Check-In:

The card includes four Upgraded Boardings per year, allowing you to grab a seat early. This perk checks you in automatically 36 hours before your flight, improving your chances of getting a preferred seat and ensuring a smoother boarding process. This is especially useful for busy professionals who want to avoid the hassle of last-minute check-ins and secure better seating options.

 

Things to Look Out For

While the Southwest® Rapid Rewards® Performance Business Credit Card offers many benefits, it may not be the best fit for everyone.

  • High annual fee: $199 per year may be too steep for some business owners.

  • Rewards flexibility: Points are best used for Southwest flights, limiting options for non-frequent Southwest travelers.

  • Limited flight network: Southwest Airlines doesn't fly to all international destinations.

  • High spending requirement: To earn the maximum sign-up bonus, you'll need to spend $15,000 in nine months.

 

Conclusion

The Southwest® Rapid Rewards® Performance Business Credit Card is an excellent option for business owners who frequently travel with Southwest Airlines. Its generous sign-up bonus, high rewards rates, and travel benefits make it a valuable addition to your wallet. However, its high annual fee and limited flight network may not be ideal for everyone. If you’re a frequent Southwest traveler looking for a card that offers substantial rewards and travel perks, this card is worth considering.

 

Learn more about how the Southwest® Rapid Rewards® Performance Business Credit Card can benefit your business and start earning rewards today.

 

Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed or approved by any of these entities.


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