Link: Apply now for the Southwest® Rapid Rewards® Performance Business Credit Card
We’ve just seen a huge welcome offer rolled out on the Southwest® Rapid Rewards® Performance Business Credit Card, which is among the best offers we’ve ever seen on this card. Not only can this offer earn you a lot of points, but it can also help you unlock Companion Pass.
Note that a similar deal is available on the Southwest® Rapid Rewards® Premier Business Credit Card (review), but it’s structured a bit differently.
In this post:
Southwest Performance Business Card offering 120K points
The Southwest Performance Business Card has a new welcome offer of up to 120,000 Rapid Rewards bonus points, structured as follows:
- Earn 80,000 bonus points after spending $5,000 within the first three months
- Earn 40,000 additional bonus points after spending a total of $15,000 within the first nine months
This is an incredible bonus. Rapid Rewards is a revenue-based frequent flyer program, and personally, I value Rapid Rewards points at 1.2 cents each. So to me, the 120,000 points are worth $1,440.
But it gets even better than that. Southwest Companion Pass is one of the best deals in travel, and allows you to take a companion with you on your travels at no extra cost. This requires earning 135,000 eligible points in a calendar year. If you were to complete the minimum spending on the card in a calendar year, you’d earn a total of at least 135,000 eligible points, and therefore would qualify for Companion Pass.
That’s an exciting opportunity, as you’re earning a ton of points toward travel, plus you can take a companion with you, potentially doubling the value of those points.
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Who is eligible for the Southwest Performance Business Card?
Who is eligible for the welcome bonus on the Southwest Performance Business Card? Southwest Airlines and Chase have several co-branded credit cards. As far as Southwest credit card eligibility requirements go, you’re not eligible for the bonus on this card if you currently have it, or if you’ve received a new cardmember bonus on this exact card in the past 24 months.
That means you’re eligible for the bonus on the card even if you have Southwest’s other business card, the Southwest® Rapid Rewards® Premier Business Credit Card (review)
Chase’s standard credit card application policies apply.
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Why the Southwest Performance Business Card is worth it
The Southwest Performance Business Card has a $199 annual fee, so it’s the highest annual fee card that Southwest has. However, I’d argue that the perks more than justify it, especially if you fly Southwest frequently. The card offers the following, among other things:
- 9,000 Rapid Rewards bonus points on your account anniversary every year, which should get you roughly $108 worth of airfare on Southwest
- Up to 365 Wi-Fi credits per year for Southwest flights; Southwest ordinarily charges $8 per flight for Wi-Fi, and you can use that up to 365 times per year, which is amazing
- Four Upgraded Boardings per anniversary year, which can get you one of the earliest boarding positions; this would ordinarily cost $30-149, so that’s potentially a $120-596 value
- 25% savings on inflight Wi-Fi and drink purchases, when you charge those purchases to your card
- Up to a $100 Global Entry, TSA PreCheck, or NEXUS fee credit, once every four years
- Up to $500 in fee credits for points transfers every cardmember year; Southwest ordinarily charges one cent per point to transfer rewards to another member, so this allows you to transfer 50,000 Rapid Rewards points per year to someone else
- A rewards structure that includes 4x points on Southwest purchases, 3x points on Rapid Rewards points on hotel and rental car partner purchases, and 2x points on local transit and commuting, including rideshare, plus 2x points on social media and search engine advertising, internet, cable, and phone services
- The ability to have your spending count toward A-List elite status, as you earn 1,500 Tier Qualifying Points toward A-List for every $5,000 you spend on the card
This card is an absolute no-brainer, if you’re a frequent flyer with Southwest. The anniversary bonus points, Upgraded Boarding, and Wi-Fi credits, should more than justify the annual fee.
Read a full review of the Southwest Performance Business Card.
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Bottom line
The Southwest Performance Business Card has a new welcome bonus that can earn you 120,000 Rapid Rewards bonus points upon completing minimum spending. Not only can this earn you a lot of points, but it’s also a very easy path to Companion Pass.
While this is the Southwest card with the highest annual fee, it’s also the card that’s easiest to get a return on, in my opinion, thanks to the exceptional rewards.
Do you plan on picking up the Southwest Performance Business Card with 120K bonus points?
Waiting for a Southwest review....