Southwest Rapid Rewards Premier Business Credit Card Review

The Southwest Rapid Rewards Premier Business Credit Card targets business owners who frequently travel, specifically within North America and the Caribbean. The card provider, Chase Bank, gives unlimited points on every purchase, so you can earn travel rewards to use toward Southwest flights through your regular spending. Its APR is competitive, and its annual fee isn’t steep. Plus, cardholders receive extra perks just by signing up.

Southwest Airlines flies to more than 100 destinations in the United States, Mexico and the Caribbean. If you’re a business owner who travels domestically frequently, Southwest may be a great airline for you to use. It often offers sales on flights and tickets at lower prices than its competitors. For example, its Wanna Get Away fares can be less expensive than other airline tickets — which means you use fewer points to get you there.

Down to business with the Southwest Rapid Rewards Premier Business Credit Card 

Although the travel rewards business credit card market is saturated, there’s no need to get overwhelmed from too many choices. We highlight the critical elements of the Southwest Rapid Rewards Premier Business Credit Card below.

  • APR: 17.74%–24.74% variable 
  • Annual Fee: $99
  • Reward Rates: Earn unlimited 2x points on all Southwest Airlines purchases, then one point for all other purchases.
  • Intro Offer: New cardholders earn 60,000 bonus points after you spend $3,000 in the first three months of account opening. 

Perks and features of the Southwest Rapid Rewards Premier Business Credit Card 

Chase Bank offers several additional benefits that make the Southwest Rapid Rewards Premier Business Credit Card interesting for savvy travelers.

  • Travel benefits. Pay $0 for the first and second checked bags on Southwest, along with $0 to change a ticket. You’ll also enjoy no rewards blackout dates — meaning you can take that business trip when it’s convenient for you — and up to $3,000 per person for lost luggage reimbursement or up to $100 per day for baggage delays.
  • No foreign transaction fees. Each time you swipe this card overseas, it won’t charge you an additional cost — which can be up to 3% per purchase with other carriers.
  • Free employee cards. Receive additional cards for your employees free of charge.
  • Purchase protection. Get protected from theft and damage. All new purchases are covered for up to 120 days, up to $50,000 per account.
  • Refer a friend to get rewards. Earn up to 50,000 bonus points per year merely by referring friends to the card.

Is the Southwest Rapid Rewards Premier Business Credit Card right for my business? 

A business owner who often travels to cities covered by Southwest Airlines could find the Southwest Rewards card perfect for their wallet. You gain points just by using your card, and you can use rewards directly on future flights. Southwest flies only to the United States, Mexico and the Caribbean, however, so keep this in mind when you are deciding whether it will work for you.

Additionally, because the earnings program is so straightforward, you won’t have to spend time or energy tracking rotating categories that other rewards programs require. Instead, you’ll earn points with your regular spending.

Who might want to skip the Southwest Rapid Rewards Business Card? A business owner who often travels overseas might not get the most bang for their buck from this card. Since Southwest doesn’t fly abroad, you won’t be able to use your rewards to buy those flights. However, you’ll still earn rewards on purchases abroad and also avoid paying foreign transaction fees, which are minor but can add up. Additionally, a business owner who doesn’t travel often might prefer a card with cash back rewards instead. 

If you’re looking for a travel rewards business credit card that can get you overseas rewards flights, try the AAdvantage Aviator Business Mastercard from Barclays. This card works in conjunction with American Airlines, which flies to many destinations in Europe, South America, Asia and more. When you use this card on American Airlines, office supplies, telecom or car rentals, you get 2x the miles, as well as one mile per dollar spent on everything else. Also, it offers 65,000 bonus miles when you spend $1,000 on the card in the first 90 days, which is more achievable than many intro bonuses.

The bottom line

Overall, the Southwest Rapid Rewards Business Card could work well for business owners who travel frequently in the United States, Mexico and the Caribbean. The introductory offer of up to 60,000 bonus points is fantastic, especially since you only have to spend $3,000 in the first three months to get it. Additionally, you’ll receive another 6,000 points after each anniversary year.

If you use this card for your business, you likely won’t have to pay for many more Southwest flights. These savings will free up cash for other vital expenses. Plus, the annual fee on this card is similar to other travel cards. And the fact that there’s no limit to the number of points you can earn is extra enticing.

If you own a business that requires you to travel domestically, the Southwest Rapid Rewards Premier Business Card could help you earn points toward flights. The card doesn’t offer luxury benefits like airport lounge access like some other business travel credit cards, but the low annual fee offsets this downside. If you’re a business traveler looking for a clear rewards program with a path to free flights, this card could be an excellent fit for you.