Bankcheckingsavings has partnered with CreditCards.com for our coverage of credit card products. Bankcheckingsavings and CreditCards.com may receive a commission from card issuers.
The Chase Southwest Rapid Rewards® Premier Business Credit Card is a small business credit card with a travel rewards program for those who frequently fly Southwest Airlines. It’s related to the Southwest Rapid Rewards® Premier Credit Card, the consumer option for frequent Southwest flyers.
For new applicants, when you spend at least $3,000 within 3 months of opening your account, you earn 60,000 bonus points.
Cardholders earn an unlimited 2 points per $1 spent on Southwest Airlines, and an unlimited 1 point per $1 spent on all other purchases.
Although the Southwest Premier Business card is quite useful for heavy spenders and frequent travelers, the $99 annual fee may deter you as this card lacks luxury benefits, such as complimentary airport lounge access. But for frequent Southwest flyers, the benefits it provides may just be enough.
Southwest Rapid Rewards Premier Business Summary
 |
| Bonus Available | Earn 60,000 bonus points after you make at least $3,000 in purchases within the first 3 months of account opening. |
| *Bonus Value | $900 |
| Ongoing Rewards/Benefits |
|
| Foreign Transaction Fees | None |
| Airport Lounge Access | Not Available |
| Annual Fee | $99 |
Recommended Free Credit Score (Get Free Score)
720 – 850 (Excellent)
* The Southwest Rapid Rewards Premier Business card is issued by Chase Bank. They also offer great sign-up bonuses. You can also compare this card with other credit card bonuses!
* Bonus value is an estimated value calculated by BankCheckingSavings and not the card issuer.
View our latest valuations here.
PROS
- Welcome bonus
- Anniversary bonus
- Free 1st & 2nd checked bags
- No change fees
- Free employee cards
- No foreign transaction fee
CONS
- Annual fee
- Excellent credit needed to qualify
- Limited redemption options
Editor’s Alternate Pick
 The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. Learn More |
Southwest Rapid Rewards Premier
Business Card 60,000 Bonus Points
Make use of the 60,000 Rapid Rewards bonus points offer. To qualify for this offer, you wil need to charge a minimum of $3,000 to your card within the first three months of opening your account.
Here are some ideas to meet the spending requirement:
| • Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review. |
| • Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank. |
| • Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay. |
| • Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees. |
What are Rapid Rewards Points Worth?
The value of your points depends on how you use them, on average each Rapid Rewards point is valued around $0.015.
You can redeem your points towards:
- Flights
- Hotel stays
- Car rentals
- Gift cards
- Access to events
- Merchandise
To get the maximum value of your Rapid Rewards points, you should redeem them for Southwest flights. There are no blackout dates and no seat restrictions. But keep in mind, point values change constantly and depend on when you fly, destination, and more!
But if you use your Rapid Rewards points towards something else other than the Southwest flights, you won’t get the best value. Since these bring your points worth to below $0.01.
Southwest Rapid Rewards Premier
Business Card Top Features
Coined by Southwest, Transfarency is a philosophy that the airline lives by: to treat its customers honestly and fairly. That means:
- $0 for your first and second checked bags (weight and size limits apply)
- $0 change fee (fare differences may apply)
After you renew your card every year, you’ll receive 6,000 Rapid Rewards points as an anniversary bonus. That’s worth approximately $90, $9 shy of the card’s annual fee.
Earn 1,500 TQPs for every $10,000 you spend in a calendar year, for up to 15,000 points annually. These points count towards A-List and A-List Preferred elite status.
A-List benefits include:
Fly 25 qualifying one-way flights or earn 35,000 tier qualifying points in a calendar year to qualify for A-List
- Priority boarding
- 25% earning bonus on every qualifying flight
- Free same-day standby
- Priority check-in and security lane access
- Dedicated A-List member phone line
A-List Preferred benefits include:
Fly 50 qualifying one-way flights or earn 70,000 tier qualifying points in one calendar year to qualify for A-List Preferred
- All standard A-List benefits
- 100% earning bonus on every qualifying flight
- Free inflight WiFi
You can add employee cards to your account at no extra cost, earning even more rewards from your staff’s spending. You’ll also have the power to set spending limits for each card. So you can better manage your company’s budget.
There are no foreign transaction fees with this card.
Other Cardholder Perks
The Southwest Airlines® Rapid Rewards® Premier Business Card comes with standard travel and purchase protections. These include lost luggage reimbursement, baggage delay insurance, extended warranty protection, and purchase protection. Here are some more perks that the card offers:
- Cardmember Anniversary Bonus: Each year your account remains open and in good standing, you get 6,000 bonus points on your cardmember anniversary. This is often enough to redeem for a short one-way flight.
- Companion Pass Status: To earn this status, you either need to accumulate 110,000 TQPs (through cash fare and credit card purchases, other than partner purchases) or complete at least 100 one-way Southwest Airlines segments (connecting flights count separately) in a calendar year. Companion Pass status holders can bring a companion traveler on any Southwest flight at no additional fare charge. Taxes and security fees still apply. There’s no limit to how many times this benefit can be used. You can travel with as many companions throughout the year you like. However, you can’t travel with more than one companion per flight.
Conclusion
With the Chase Southwest Rapid Rewards® Premier Business Credit Card, you won’t earn the most luxurious business travel benefits. However, you can earn perks like 6,000 bonus points after each anniversary year, no change fees, free checked bags, and the ability to earn A-List status.
In addition, you can earn points qualifying toward a Companion Pass. You’ll need to fly 100 one-way flights or accrue 110,000 points in a calendar year to qualify. You can choose one person to fly with you for virtually free every time you purchase or redeem points for a flight. Just pay the taxes and fees.
If you desire better benefits, like complimentary airport lounge access, you should look into a more generous card. One would be the The Business Platinum Card® from American Express. This is a charge card that makes up for its heavy $450 annual fee with tons of perks aimed toward business travelers.
If you’re alright with the practical benefits the Southwest Premier Business card has to offer, this card should be fine for you. However, you can check out our complete list of credit card promotions to find the card that best suits your needs.
|
What’s the Competition?
* Below are some of the top competitors to the Southwest Rapid Rewards Premier Business Credit Card to consider.
More Flexibility
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. Learn More |
 The Capital One® Spark® Miles for Business offers up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels & more as a limited time offer. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. |
The Best Bank Offers are updated here. See the below pages to get started with some of the best offers: • Chase Bank Offers. Chase offers a range of attractive Checking, Savings and Business Accounts. Chase has a great selection of sign-up bonuses in comparison to other big banks. • Huntington Bank Offers. Huntington Bank has high bonus amounts available through their Checking and Business Checking. Huntington also offers a Business Premier Money Market Account. • Discover Bank Offers. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. • TD Bank Offers. TD Bank consistently offers a fantastic selection of checking accounts to cater to your banking needs. However, savings account offers are less frequently available. |
| BONUS LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Discover Bank Online Savings | $200 Cash | Review |
| Discover Cashback Debit | $360 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| CIT Bank Savings Builder | $300 Cash | Review |
