The Southwest Business Credit Card Review for 2020

Travel in style with the Southwest Rapid Rewards Premier—the best business credit card out there for Southwest frequent flyers.

Overview

Credit Card

Southwest Rapid Rewards® Premier Business Credit Card

Great For: Best for loyal Southwest flyers and frequent travelers who are looking for a business credit card with one of the most generous sign-up bonuses we've seen
Apply Now
on Chase's secure website
    • Intro APR

      -

    • Regular APR

      15.99% - 22.99% Variable

    • Annual Fee

      $99

    • Minimum Credit

      660-699

    Card Overview

    If you’re looking to be rewarded for your loyalty to Southwest airlines, then the Southwest Rapid Rewards Premier is the very best business credit card to do so. With the Southwest business credit card, you’ll have the opportunity to access a 60,000-point welcome offer and potentially even a companion pass, allowing you to pick one person to fly with you for free. If you travel frequently and always with Southwest, that could save you thousands of dollars.

    Southwest Business Credit Card Rewards: Welcome Offer

    The Southwest business credit card has a great welcome bonus.

    Currently, if you spend $3,000 on purchases in the first three months of card membership, you’ll earn a full 60,000 Rapid Rewards Points.

    You can redeem your Southwest business credit card bonus for free flights at a variable rate, but they’re usually worth around 1.5 cents for each point.

    This means your 60,000-point Southwest business credit card bonus can be worth around $900 in free flights—and as we’ll see later in the article, it could be worth a lot more.

    Additionally, the Southwest business card also offers a pretty unique perk of an anniversary bonus—6,000 bonus points every year on your account opening anniversary.

    Southwest Business Credit Card Rewards: Ongoing Offer

    The Southwest Rapid Rewards Business Premier credit card, offered in the Chase business credit card suite, earns at the following rates:

    • 2 Southwest Rapid Rewards Points per $1 spent on:
      • Southwest flights
      • Southwest’s hotel partners
      • Southwest’s rental car partners
    • 1 point per $1 elsewhere

    Southwest Business Credit Card Annual Fee

    The Southwest airlines business credit card has a $99 annual fee that kicks in immediately.

    However, the Southwest business card has no foreign transaction fee (a big plus when it comes to travel business credit cards).

    Plus, all additional employee cards that you attach to your Southwest business credit card account will be free.

    Is the Southwest Business Credit Card Right for You?

    Get the Southwest Business Credit Card if:

    • You fly Southwest pretty much exclusively.
    • You want an excellent signup bonus that will help you save on your business travel.
    • You’ve earned around 50,000 Southwest Points this year already (explained below).
    • You want to earn a Companion Pass for free travel for one other person.

    Skip the Southwest Business Credit Card if:

    • You like having a choice in airlines.
    • You don’t want to pay an annual fee.
    • You’d rather earn cash back.

    Why Go For the Southwest Business Credit Card?

    Welcome Bonus

    Why is the Southwest business card one of the best business credit cards on the market?

    To reiterate, the welcome Southwest business credit card bonus is one of the main advantages of doing your business spending on this card.

    Just for spending $3,000 during your first three months with the card—an average of just $1,000 a month, if we’re counting—you’ll earn a whopping 60,000 Rapid Rewards Points.

    This Southwest business credit card bonus will not only send you more than halfway towards earning a Southwest companion pass, but it will also earn you upwards of $900 worth of free Southwest flights.

    Anniversary Bonus

    And that’s not the only Southwest business credit card bonus you’ll gain access to as a cardholder.

    You’ll also earn a yearly Southwest business credit card bonus of 6,000 Rapid Rewards Points on every account opening anniversary.

    This kind of recurring bonus is rare for a credit card, business or otherwise. So, if you want to see an influx of travel rewards from year-to-year, then the Southwest business credit card will be one of your best and only options.

    High Point Value

    One more notable perk to spending with the Southwest business credit card will be the high value that Southwest Rapid Rewards are redeemable for.

    Generally speaking, travel rewards points tend to redeem at a value of around 1 cent per mile. Meanwhile, though Southwest Rapid Rewards Points will vary in worth, they tend to hover around 1.5 cents per point.

    This means that both of the Southwest business credit card bonuses will be worth more than they might seem initially. For instance, the welcome bonus will be worth around $900 of free Southwest travel, while the recurring anniversary bonuses will each be worth around $90 of free Southwest travel.

    Companion Pass

    The best reason to get the Southwest business credit card? Southwest Airlines’ companion pass.

    If you complete 100 qualifying one-way flights or earn 110,000 Rapid Rewards Points in one calendar year, you’ll get a companion pass valid for the remainder of the current year as well as all of next year. Timing it correctly could mean that you get 2 years worth of free travel for someone else.

    This means that for every Southwest flight you pay for, you can bring someone else—a friend, partner, spouse, kid, a stranger on the street—for free. (Plus, you can change your designated companion up to three times, so it’s relatively breakup-proof.)

    All revenue flights purchased (i.e. flights booked not on points, travel passes, etc.) through Southwest Airlines, purchases put on your Southwest business credit card, and your base points earned contribute to the companion pass. However, if you transfer points from Chase’s Ultimate Rewards system, those do not count towards the companion pass. So, for example, if you have the Chase Sapphire Reserve personal card, you can’t transfer those welcome bonus points to book on Southwest and get those points to qualify for your companion pass.

    Southwest Business Credit Card: Downsides to Consider

    Sub-Par Sustained Rewards

    Put simply, you won’t be able to see a huge return with the Southwest business credit card’s sustained rewards program.

    And as generous as the Southwest business credit card bonuses are, a rewards rate of just 2 points for Southwest purchases and just 1 point everywhere else simply doesn’t stack up to other business travel credit cards.

    If you’re searching for a business credit card that will give you high returns for your day-to-day business spending, then the Southwest business credit card probably isn’t your best bet.

    Limited Rewards Redemption

    Plus, the rewards that you do earn through the Southwest business credit card will only be redeemable for very specific things—flights, rental cars, and hotels through Southwest and their network of partners.

    As such, when you’re redeeming your Rapid Rewards Points, you’ll have to choose from limited vendors, and won’t be able to choose based on which vendors offers you the best deal.

    With a more general travel rewards card, you’ll be able to redeem your rewards as statement credits put towards travel purchases from any travel provider that offers you the best deal.

    Annual Fee

    Perhaps most notably, you’ll have to pay an annual fee to be a Southwest business credit cardholder.

    And $99 per year is no small price.

    Granted, the anniversary bonus—worth around $90 in free travel—will nearly balance out the cost of the annual fee. That said, there are many business travel cards that won’t charge you a cent to be a cardholder.

    Top Alternatives to the Southwest Business Credit Card

    Credit Card

    Ink Business Preferred® Credit Card

    Great For: Point redemption rewards
    Apply Now
    on Chase's secure website
    • 100,000 point signup bonus if you spend $15K in first 3 months
    • 3x or 1x points depending on how you spend
    • Intro APR

      -

    • Regular APR

      15.99%-20.99% Variable

    • Annual Fee

      $95

    • Minimum Credit

      700+

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