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finder.com’s rating: 4.5 / 5
★★★★★
80,000
Points as welcome offer
Up to 4x
Points
$199
Annual fee
17.49% to 24.49%
Purchase APR (variable)
Annual fee | $199 |
---|---|
Welcome offer | Earn 80,000 points after you spend $5,000 on purchases in the first 3 months months. 9,000 bonus points after your Cardmember anniversary. |
Rewards | Earn 4X points on Southwest® purchases. Earn 3X points on Rapid Rewards® hotel and car 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. |
Purchase APR | 17.49% to 24.49% variable |
Balance transfer APR | 17.49% to 24.49% variable |
Minimum Credit Score | 670 |
Review by
Steven Dashiell is Senior Writer, Personal Finance 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, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.
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 4x 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.
You should apply with at least a good credit score of 670 or higher.
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.
10/19/2021 | Old: Earn 3x points on Southwest purchases. | New: Earn 4x points on Southwest purchases. | Added: Earn 2x points on rideshare |
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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.