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KEY LINK: Southwest® Rapid Rewards® Performance Business Credit Card – Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. $199 annual fee

We have written about the Southwest® Rapid Rewards® Performance Business Credit Card before, talking about how you can earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. You also have access to a variety of other amenities that might be useful. Here is a look at a full Southwest Performance Business Credit Card review, comparing the welcome offer, earning potential, benefits and other key factors. Hopefully that can help you decide whether this or any other Southwest credit card makes sense for you.

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Southwest® Rapid Rewards® Performance Business Credit Card Welcome Offer

The Southwest® Rapid Rewards® Performance Business Credit Card currently has a welcome offer that allows you to earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. The Southwest Rapid Rewards points that you earn can easily be worth hundreds of dollars or more.

Southwest® Rapid Rewards® Performance Business Credit Card

Earning The Southwest Companion Pass

The Southwest Companion Pass is one of the best deals in travel, and allows you to have a companion fly for free (well, just the taxes and fees) on any paid or award flight. The easiest way to get the Companion Pass is to get 135,000 Southwest Rapid Rewards points in one calendar year. Then you’ll earn the Companion Pass for the rest of that year AND the entire next calendar year. With this offer, you can potentially get the Companion Pass with just this card, provided that you can meet the higher spending limit. Keep in mind that you’ll have to meet the $15,000 spending limit BEFORE your December statement closes to get the bonus points before the end of the year. And the ideal time to go for the Companion Pass is at the beginning of the calendar year, so the timing is not ideal.

Southwest® Rapid Rewards® Performance Business Credit Card Earning Categories

The Southwest Performance Business card doesn’t offer a ton of bonus points other than on Southwest purchases. So for most purchases, you’ll only earn 1 Southwest point per dollar.

  • Earn 4 points per $1 spent on Southwest® purchases.
  • Earn 3 points per $1 spent on Rapid Rewards® hotel and car rental partners.
  • Earn 2 points per $1 spent on local transit and commuting, including rideshare.
  • Earn 2 points per $1 spent on social media and search engine advertising, internet, cable, and phone services.
  • Earn 1 point per $1 spent on all other purchases.

Southwest® Rapid Rewards® Performance Business Credit Card Benefits

The Southwest Business Performance Card also comes with a variety of different benefits that range from super useful to mildly interesting, including:

  • 9,000 bonus points each year after your Cardmember anniversary.
  • 4 Upgraded Boardings per year when available – (SEE ALSO: Is Southwest Early Bird check in worth it?)
  • Global Entry or TSA Pre✓® application fee credit up to $100
  • Up to 365 Inflight Internet credits per year (SEE ALSO: A credit card that gives unlimited free Southwest wifi?)
  • Boost of 10,000 Companion Pass qualifying points every year
  • Earn 1,500 tier qualifying points (TQPs) toward A-List status for every $10,000 spent in purchases annually
  • $199 annual fee

Other Cards To Consider

If you don’t feel that the Southwest Business Performance card is right for you, here are a few other cards to consider

  • Southwest Rapid Rewards® Plus Credit Card – Earn a $400 statement credit and 40,000 bonus points after spending $3,000 on purchases in the first 4 months from account opening. $69 annual fee
  • Chase Sapphire Preferred® Card Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. $95 annual fee. This is a personal card so could be a great option if you don’t want to apply for a business card. The Ultimate Rewards you earn can also transfer 1:1 to Southwest Rapid Rewards points, which is one reason this card is one of the cards I recommend for people starting out

(SEE ALSO: Which Southwest Card Is Best?)

The Bottom Line

KEY LINK: Southwest® Rapid Rewards® Performance Business Credit Card – Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening. $199 annual fee

If you are a small business owner and a frequent Southwest traveler, this card could serve your business well!  Although the welcome offer requires a significant amount of spending, it also gives a big boost to your Southwest Rapid Rewards balance and possibly earn you the Southwest Companion Pass as well. While the earnings rates are not great, especially as compared to other cards, some of the benefits can be super useful, especially if you’re a frequent Southwest Airlines traveler

What do you think about the Southwest Business Performance card? Going to go for the Companion Pass? Leave your thoughts in the comments below


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