Top perks
The Southwest® Rapid Rewards® Performance Business Credit Card has some notable features.
Generous sign-up bonus
New cardmembers: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. If you can meet this minimum spend, it's an excellent way to boost your points balance for future rewards.
READ MORE: Best Sign-Up Bonus Credit Cards
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 on your 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 with Rapid Rewards hotel and car rental partners
- Earn 2 points for every $1 spent on social media and search engine advertising, internet, cable, and phone services, as well as on local transit and commuting, including rideshare
- Earn 1 point for every $1 on other purchases
If these spending categories make sense for you, this rewards credit card offers excellent earning potential -- and points are unlimited.
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 $120 credit for TSA PreCheck or Global Entry application fees
The Southwest® Rapid Rewards® Performance Business Credit Card provides cardmembers with a statement credit of up to $120 to cover the TSA PreCheck or Global Entry application fees. This benefit is available once every four years.
SEE MORE: Best Airline Credit Cards
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 annually with your Southwest® Rapid Rewards® Performance Business Credit Card, you'll earn 1,500 tier qualifying points (TQPs). 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 earn a companion pass sooner. Once earned, a companion pass allows one pre-chosen companion to fly with you on Southwest flights for free (excluding taxes and fees). You can earn a companion pass after flying 100 one-way flights or earning 135,000 qualifying points in a calendar year.
The 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 extra benefits add value to the Southwest® Rapid Rewards® Performance Business Credit Card.
