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Southwest Rapid Rewards® Performance Business Credit Card review

A card with a lot to offer small- and mid-sized businesses.

finder.com’s rating: 4.5 / 5

★★★★★

  • You want a luxury-esque business card under the Southwest umbrella.
  • You want a lower annual fee or different earning categories.
  • Apply with a good to an excellent credit score of 670 or higher.
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80,000

Points as welcome offer

Up to 3x

Points

$199

Annual fee

15.99% to 22.99%

Purchase APR (variable)

Details

Annual fee$199
Welcome OfferEarn 80,000 points after you spend $5,000 on purchases in the first 3 months
Rewards3x points on Southwest Airlines, 2x points on social media and search engine advertising, Internet, cable, and phone services and 1x points on all other purchases
Purchase APR15.99% to 22.99% variable
Balance transfer APR15.99% to 22.99% variable
Recommended minimum credit score670

Review by


Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

Business owners who fly Southwest will be hard-pressed to find a card with a better pound-for-pound value. This card rocks a 80,000 signup bonus, earns up to 3x points on eligible Southwest purchases, provides a $100 TSA PreCheck or Global Entry statement credit and more.

Right off the bat, the sizable welcome offer will catapult you most of the way toward earning a Southwest Companion Pass. Earning categories on this card also sport larger rates than the Southwest Rapid Rewards® Premier Business Credit Card. The earning categories are also tailored to categories helpful to small and mid-sized businesses. And of course, the host of flight perks, such as complimentary flight upgrades and the ability to earn tier qualifying points, makes this card especially valuable for businesses on the go.

The main tradeoff for these gains is the larger annual fee compared to Chase’s other Southwest business offerings and the lack of an intro purchase APR. However, using this card’s perks just a few times along with the anniversary bonus points help take the sting out of the high price. For growing or mid-sized businesses, this card is a great choice to supplement your business and travel needs.

How to apply for the Chase Southwest Rapid Rewards® Performance Business Credit Card

  1. Go to Chase.com and click on the drop-down menu at the top left of the page. The drop-down menu looks like three horizontal lines.
  2. Click on Credit cards from the drop-down menu.
  3. At the new page, click on Business under the Filter card by: heading.
  4. At the Business Credit Card page, scroll down until you see the Southwest Rapid Rewards® Performance Business Credit Card.
  5. Click on Learn more and then Sign in to apply to start the process.

What credit score do I need?

You should apply with at least a good credit score of 670 or higher.

Card benefits

  • Signup bonus. Earn 80,000 points after you spend $5,000 in your first 3 months of account opening.
  • Anniversary points. Earn 9,000 points each year on your card member anniversary.
  • Reward points. Earn 3x points for every dollar spent on eligible Southwest Airlines purchases. Earn 2x points on every dollar spent on social media, search engine advertising, Internet, cable and phone services. Earn 1x point for every dollar spent on all other purchases.
  • Travel credits. Enjoy a Global Entry or TSA Precheck fee credit as a statement credit up to $100 every four years. You’ll also enjoy in-flight WiFi credits.
  • Flight upgrades. You’ll receive four upgraded boardings per year when available.
  • Earn tier qualifying points. For each you spend with your card you’ll earn 9,000 tier qualifying points, up to $100,000 in purchases total.

What to watch out for

  • Annual fee. You’ll pay a $199 annual fee to use this card. This is the highest annual fee among Chase’s Southwest Airlines offerings.
  • No intro APR for purchases. If you were hoping to use your card to help kickstart your new business, this might not be the best choice.
  • Might not be eligible for balance transfers. According to Chase’s site, this card might not be eligible for balance transfers. Unfortunately, further information isn’t provided on the Chase site, so call ahead if your were interested in balance transfers.

Compare business credit cards

Name Product Rewards Purchase APR Annual fee
Ink Business Unlimited℠ Credit Card
1.5% cash back on all purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening.
Ink Business Preferred® Credit Card
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
15.99% to 20.99% variable
$95
100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
Brex 30 Card
8x points on rideshares, 5x on Brex Travel, 4x at restaurants, 3x on software subscriptions and 1x points on all other purchases
N/A
$0
The first corporate card for startups. No personal guarantee or security deposit needed, meaning your personal credit score won't be affected.
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Bottom line

With a huge signup bonus, improved bonus point earning rates and a host of travel perks, the Southwest Rapid Rewards® Performance Business Credit Card is the new go-to card if you’re a Southwest loyalist – even with the increased annual fee.

If you don’t travel enough to offset the increased annual fee or you prefer other earning categories, compare other travel credit card options to find one that suits your business and spending needs.

Frequently asked questions

  • Is Southwest Rapid Rewards card worth it?
    That depends on how invested you are in the Southwest Rapid Rewards program. Find out about the the full range of benefits offered under Southwest’s loyalty program.
  • How long does it take to get approved for a Southwest credit card?
    You can often receive approval immediately upon applying. However, if you’re not immediately approved, you can expect anywhere from 7 to 30 business days for your decision.
  • How many points do I need for a free Southwest flight?
    The price of purchasing a flight with Rapid Rewards points depends on your flight. For more information, check out our Rapid Rewards redemption guide.

Credit card ratings

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★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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