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.
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Southwest Rapid Rewards Premier Business Summary
With the Southwest Rapid Rewards® Premier Business Card:
• Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
• 6,000 bonus points after your Cardmember anniversary.
• 2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases.
• 1 point per $1 spent on all other purchases.
• Earn points on employee spending
• Employee cards at no additional cost
• No blackout dates when you redeem points, no seat restrictions, bags fly free®, and no change fees
• No foreign transaction fees
Learn More About This Card Here
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.
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. 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.
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.