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.
Table of Contents
- 1 Southwest Rapid Rewards Premier Business Summary
- 2 Earning 60K Southwest Rapid Rewards Premier Business Bonus
- 3 Earn 2X Points Flying Southwest
- 4 Redeem Southwest Rewards
- 5 Earning Tier Qualifying Points
- 6 Southwest Rapid Rewards Premier Business Benefits
- 7 Cardholder Perks
- 8 Conclusion
- 9 Other Credit Cards To Consider
Southwest Rapid Rewards Premier Business Summary
Earning 60K Southwest Rapid Rewards Premier Business Bonus
Take advantage of the 60,000 Rapid Rewards bonus points offer. Just charge at least $3,000 to your card within the first 3 months of opening your account. This bonus is worth about $900. It’s a pretty good bonus compared to other cards within this annual fee range.
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.|
Earn 2X Points Flying Southwest
Earn 2 points for every $1 you spend on Southwest Airlines. This includes airfare, vacation packages, in-flight food and drinks, and other incidentals. There are no caps or restrictions to how much you can earn.
Purchases with hotel and rental car partners, including Hertz, also earn an unlimited 2 points per $1 spent.
All other purchases earn an unlimited 1 point per $1 spent.
There is no foreign transaction fee. So, earn your points while shopping outside the States. In addition, points never expire as long as your account remains open and in good standing.
Redeem Southwest Rewards
Southwest gives you the option of redeeming your points for flights, car rentals, products, gift cards, and more. Each Rapid Rewards point is valued about $0.015.
Using points toward products, gift cards, and other options is typically the worst way to get value for your points. These rewards typically earn you well less than $0.01 in point value.
The best way to maximize value from your points is to use them toward Southwest or AirTran (owned by Southwest) flights. There are no blackout dates or seat restrictions. Redemption minimums typically start at 5,000 for one-way flights and 10,000 for round-trip flights. However, point values constantly change, so keep your eyes peeled for the deals.
At redemption, points are worth $0.01 or more. They can be worth up to $0.02 apiece in some cases. On popular routes, on popular routes, the value ranges from $0.014 to $0.016 per point. This depends on the time, date, and season of your flight, as well as distance, destination, and other factors. Generally speaking, short-haul flights offer better value. Southwest Airlines regularly adjusts the number of points required to redeem a particular flight, sometimes on a weekly or daily basis, so YMMV.
Southwest offers “Wanna Get Away” deals, featuring the airline’s lowest fares and generally the best deals. However, these fares are non-refundable. Nonetheless, you can still cancel without penalty. Plus, the fare can be applied toward future travel on Southwest Airlines.
You can change your flight at any time. Just keep in mind that Southwest fares go up as your travel date gets closer.
Earning Tier Qualifying Points
Separately from the Rapid Rewards program, you earn 1,500 Tier Qualifying Points (TQPs). These are Rapid Rewards points not earned through credit card bonuses and partner purchases, for every $10,000 spent with your Rapid Rewards Premier card. You can earn up to 15,000 TQPs per year this way, which is up to $100,000 in annual card spending.
If you earn 35,000 TQPs in a calendar year, you get A-List status, which is Southwest’s elite frequent flyer program. A-List status benefits include a 25% point-earning bonus, priority consideration when flying standby, and priority boarding on all flights.
You can also earn A-List status by completing at least 25 one-way flights in a calendar year.
Southwest Rapid Rewards Premier Business Benefits
- $0 for your first and second checked bags (weight and size limits apply)
- $0 change fee (fare differences may apply)
Anniversary Bonus: 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.
Tier qualifying points (TQPs): 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
Free Employee Cards: 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.
No Foreign Transaction Fees: There are no foreign transaction fees with this card.
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:
- Tier Qualifying Point Earnings: This card earns 1,500 bonus Tier Qualifying Points (TQPs). These are Rapid Rewards points not earned through credit card sign-up bonuses or partner purchases, for every $10,000 spent. You can earn up to 15,000 TQPs per year through this method, and an unlimited number of additional TQPs by paying cash for Southwest Airlines fares and making non-Southwest credit card purchases. If you earn 35,000 TQPs in a calendar year, you earn A-List status. You’ll receive benefits, such as priority consideration on standby flights, priority boarding on all flights, and a 25% point-earning bonus. You can also earn A-List status by completing at least 25 one-way flights in a calendar year.
- 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.
- No Foreign Transaction Fees: Keep earning your points outside the U.S. without paying a foreign transaction fee.
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.
Other Credit Cards To Consider
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.
The Capital One® Spark® Miles for Business offers a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from 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.
|Chase Premier Plus CheckingSM||$300 Cash||Review|
|Chase Total Checking® + Chase SavingsSM||$350 Cash||Review|
|Chase Total Business Checking®||$200 Cash||Review|
|Chase SapphireSM Checking||$750 Cash||Review|
|Discover Bank Online Savings||$200 Cash||Review|
|Discover Cashback Debit||$360 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|Chase Private Client||$1,250 Cash||Review|
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$200 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|