Southwest Rapid Rewards® Premier Business Credit Card

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Recommended Credit Score

Excellent Credit (740 - 850)

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Annual Fee:
$99
Purchase Intro APR:
N/A
Regular APR:
18.24% - 25.24% Variable
Terms and Restrictions Apply | Rates and Fees

Bankrate Rating

Commonly used for: Business, Rewards, Travel.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our airline category page.

If you’re a business owner and live in a city served by Southwest Airlines®, the Southwest Rapid Rewards® Premier Business Credit Card can help you quickly earn rewards towards flights.

When you include the card’s advantageous welcome bonus and travel-specific perks, the Premier Business easily gives top business travel cards a run for their money.

Here are the details:

For a $99 annual fee, you’ll earn 2X points on Southwest® purchases and 1X points on everything else. It’s important to note that employee cards are free and any points earned from spending on those cards will be added to your account.

The Premier Business includes a 60,000-point sign-up bonus when you spend $3,000 on purchases within the first three months of opening an account.

When you include your business’ everyday spending, the sign-up bonus could help you reach the much-heralded 110,000 points required to earn Southwest’s Companion Pass offer.

Is this card right for you?

This card is for business owners who frequently fly Southwest and are aiming for the Companion Pass offered through the airline.

Yet if you’d rather earn more points on Southwest purchases or want to earn rewards for purchases related to running your business (think: advertising and Internet service), you may want to consider Southwest’s newest business card.

As of June 20, 2019, Chase launched the Southwest Rapid Rewards® Performance Business Credit Card. You’ll get 3X points on Southwest Airlines®️ purchases, 2X points on social media and search engine advertising, Internet, cable and phone services and 1X points on everything else.

The card offers a stellar 80,000-point bonus after spending $5,000 in your first three months from account opening, along with up to a $100 Global Entry or TSA Pre✓®️ Fee Credit. But with the added perks, you’ll pay a higher annual fee of $199 per year.

Overall, if you only fly Southwest Airlines occasionally, you’re probably better off with a business credit card that pays flexible rewards in the categories you typically spend.

How much are the rewards worth?

If you spent 5,000 a month on Southwest flights with your Premier Business card, you’d earn $1,200 worth of points by the end of your first year. Keep in mind the rewards earned from spending on employee cards funnels into your account.

That also means you’d earn 10,000 points a month, or 120,000 points for your first year of card membership. When you include the 6,000-point bonus you’ll receive after your cardmember anniversary, that’s 126,000 points earned in your first year ⁠— more than enough to qualify for Southwest’s Companion Pass.

How to use this card

The Premier Business comes with Visa Signature benefits, including auto and travel protections, insurance and hotel discounts and benefits at participating properties. It also provides extended warranty protection on qualifying purchases.

To redeem your points, simply visit Southwest.com and log into your Rapid Rewards account. When searching for your itinerary choose the “Points” option instead of Dollars. Select the fare you want and then check out using points to pay. Unfortunately, you cannot pay with a combination of points and cash.

Rapid Rewards cardmembers can also redeem their points for hotel stays, rental cars, gift cards, event tickets, merchandise, and other unique experiences. Our guide to Southwest Rapid Rewards goes into further detail about the program, including how to best utilize your points and how the benefits stack up against other frequent flyer offers.

The bottom line

The Premier Business can help you earn rewards for your business-related spending on Southwest flights.

Thanks to its favorable welcome bonus and 6,000-point bonus after each account anniversary, you can quickly accrue enough points for the coveted Southwest Companion Pass offer.

The information about the Southwest Rapid Rewards Performance Business Credit Card and the Southwest Rapid Rewards Premier Business Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.