Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Southwest® Rapid Rewards® Performance Business Credit Card Review

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Southwest® Rapid Rewards® Performance Business Credit Card Review

Earn 4 points for every $1 you spend on Southwest Airlines® purchases.

Southwest® Rapid Rewards® Performance Business Credit Card Review

Southwest® Rapid Rewards® Performance Business Credit Card Review

Learn More

Earn 4 points for every $1 you spend on Southwest Airlines® purchases.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

The Southwest® Rapid Rewards® Performance Business Credit Card stands out as a compelling option for business travelers who frequently fly with Southwest Airlines. Designed to cater to the needs of small to medium-sized businesses, this card not only simplifies travel expenses but also offers lucrative rewards for everyday business spending. At the heart of its appeal is the ability to earn Rapid Rewards points, which are renowned for their value and flexibility. Additionally, cardholders enjoy a range of travel-centric benefits, making business trips more rewarding and less stressful.

In this comprehensive review, we’ll delve into the specifics of the welcome bonus, rewards earning and redemption, and other key features, helping you decide if this is the right card for your business travel needs.

Welcome Bonus

The Southwest® Rapid Rewards® Performance Business Credit Card kicks off your experience with an attractive welcome bonus, which is often a significant factor for businesses considering a new credit card. As of now, new cardholders can earn a substantial bonus of Rapid Rewards points after meeting a specific spending threshold within the first few months of account opening. This initial boost in points can be a game-changer, especially for businesses with considerable initial expenses.

To put this into perspective, the welcome bonus alone can translate into several round-trip flights, depending on the destinations and timing. This is particularly beneficial for companies whose employees travel frequently, offering a substantial reduction in travel costs right off the bat. Moreover, the required spending to earn this bonus aligns well with typical business expenses, making it a realistic target for most businesses.

It’s also worth noting that the welcome bonus is not just about the points. It can contribute significantly towards earning the coveted Companion Pass, a unique feature of the Southwest Rapid Rewards program. This pass allows a designated companion to fly with the cardholder for free (excluding taxes and fees) for the remainder of the year in which it is earned and the entire following year. Achieving this status can lead to unmatched savings and flexibility in travel planning for businesses.

However, it’s important for potential cardholders to consider their spending capacity. While the welcome bonus is lucrative, it requires a strategic approach to spending to ensure the threshold is met without unnecessary expenditures. Businesses should evaluate their typical spending patterns and upcoming expenses to determine if earning the welcome bonus is feasible without altering their usual financial behavior.

In summary, the welcome bonus offered by the Southwest® Rapid Rewards® Performance Business Credit Card is a powerful tool for businesses. It provides a significant head start in accumulating points, potential savings in travel costs, and a pathway to exceptional benefits like the Companion Pass. Businesses looking to maximize their travel rewards should consider this welcome bonus a major factor in their decision-making process.

Earning Rewards

The Southwest® Rapid Rewards® Performance Business Credit Card is designed to reward business spending with an impressive rate of point accumulation. The card’s rewards structure is tailored to benefit both frequent travelers and businesses with diverse spending needs.

Primarily, the card earns an exceptional number of points per dollar spent on Southwest Airlines purchases, including flights, inflight purchases, and Southwest gift cards. This high earning rate on airline purchases is one of the card’s most attractive features, especially for businesses whose travel is predominantly with Southwest.

In addition to travel, the card also rewards everyday business spending. A notable amount of points per dollar can be earned on social media and search engine advertising, internet, cable, and phone services. These categories are particularly relevant for modern businesses, highlighting the card’s understanding of contemporary business expenses.

Furthermore, the card offers a standard earning rate for all other purchases. While this rate is lower compared to the specialized categories, it ensures that all business expenses, regardless of category, contribute to your rewards balance. This aspect of the rewards program is essential for businesses with diverse and variable spending patterns, ensuring no expense goes unrewarded.

An often overlooked but significant feature of the rewards program is the absence of a cap on the points you can earn. This means that the more your business spends, the more rewards you accumulate, without any limit. This uncapped earning potential is particularly beneficial for businesses with high monthly expenditures.

Additionally, cardholders earn bonus points on their cardmember anniversary, further adding to the rewards pool. This annual bonus can be a substantial addition, especially over the long term, enhancing the overall value proposition of the card.

It’s important to note that the value of Rapid Rewards points can vary depending on how they are redeemed, which will be covered in the next section. However, the flexibility and variety of redemption options available with Southwest Rapid Rewards points make the earning potential of this card even more appealing.

In conclusion, the Southwest® Rapid Rewards® Performance Business Credit Card offers a robust and versatile rewards program. Its targeted bonus categories align well with common business expenses, while the uncapped earning potential and annual bonus points serve as an added incentive for businesses. For companies that spend regularly in the card’s bonus categories or travel frequently with Southwest, the rewards-earning potential of this card is hard to match.

Redeeming Rewards

The ability to redeem points efficiently and flexibly is a crucial aspect of any rewards credit card, and the Southwest® Rapid Rewards® Performance Business Credit Card excels in this area. The card offers a variety of redemption options, ensuring that the points you earn can be used in a way that best suits your business needs.

The most straightforward and often most valuable way to use your points is for flights on Southwest Airlines. The value of points when redeemed for flights can vary, but generally, you’ll find good value, especially when booking Wanna Get Away fares. These fares are not only cost-effective but also offer significant flexibility, a critical factor for business travel. Additionally, there are no blackout dates or seat restrictions on flights booked with points, which means greater flexibility in travel planning.

Another key advantage is that points can be used to book flights for anyone, not just the cardholder. This feature is particularly beneficial for businesses, as it allows the flexibility to book travel for employees, clients, or partners. Moreover, the points never expire as long as your card account remains open, so you can accumulate them and use them at your convenience.

Beyond flights, points can also be redeemed for other travel-related expenses, such as hotel stays, car rentals, and experiences. While the value per point for these options may vary and generally be lower than redeeming for flights, they offer additional flexibility and can be valuable for businesses looking to cover other aspects of their travel expenses.

It’s also worth mentioning that the card provides an option to redeem points for gift cards and merchandise. While this offers more variety, the value per point is usually lower compared to travel redemptions. Businesses should assess their specific needs and preferences to determine the most beneficial way to use their points.

In summary, the redemption options with the Southwest® Rapid Rewards® Performance Business Credit Card are diverse and flexible, providing substantial value, especially when redeeming for Southwest flights. The ability to use points for various travel expenses and the lack of expiration as long as the account is open make it an excellent choice for businesses looking for a versatile travel rewards credit card.

Perks and Benefits

In addition to its robust rewards program, the Southwest® Rapid Rewards® Performance Business Credit Card offers a suite of benefits and perks that enhance its value proposition, especially for business travelers.

1. Travel Credits and Upgrades: Cardholders receive an annual travel credit that can be used for in-flight purchases like Wi-Fi, drinks, and snacks on Southwest flights. Additionally, the card offers upgraded boarding positions on flights, subject to availability. This perk is particularly useful for ensuring a more comfortable and convenient travel experience.

2. Global Entry or TSA PreCheck Fee Credit: To ease travel logistics, the card covers the application fee for Global Entry or TSA PreCheck once every four years. This benefit can save time and stress at the airport, which is a significant advantage for frequent business travelers.

3. No Foreign Transaction Fees: The card does not charge any foreign transaction fees, making it an excellent option for international travel. This feature can lead to considerable savings for businesses that engage in global transactions or travel.

4. Enhanced Wi-Fi on Flights: Cardholders enjoy an enhanced in-flight Wi-Fi experience, which is crucial for staying connected and productive while traveling. This benefit aligns well with the needs of business travelers who often need to work during flights.

5. Employee Cards at No Additional Cost: Businesses can issue cards to employees at no extra charge. This not only streamlines expense management but also allows businesses to accumulate rewards faster, as all spending on employee cards earns points.

6. Comprehensive Travel Insurance: The card offers a range of travel insurance options, including lost luggage reimbursement, baggage delay insurance, and travel accident insurance. These protections provide peace of mind and added security for business travelers.

7. Exclusive Cardmember Events: Access to exclusive events and experiences can be a unique perk for engaging clients or rewarding employees. These experiences can range from culinary events to sports and entertainment.

In conclusion, the Southwest® Rapid Rewards® Performance Business Credit Card is packed with perks that cater to the needs of business travelers. From travel credits to comprehensive insurance and no foreign transaction fees, these benefits add substantial value, making business travel more efficient, comfortable, and rewarding.

Pros and Cons

Pros:

  1. High Rewards Rate on Southwest Purchases: The card offers an impressive rewards rate for purchases made with Southwest Airlines, making it highly beneficial for regular Southwest flyers.
  2. Generous Welcome Bonus: The substantial welcome bonus is a major draw, especially for businesses with high initial spending.
  3. Valuable Travel Perks: Perks like annual travel credits, TSA PreCheck/Global Entry fee credit, and upgraded boardings add significant value, especially for frequent travelers.
  4. No Foreign Transaction Fees: This makes it an excellent option for international business travel.
  5. Employee Cards at No Extra Cost: This feature aids in faster point accumulation and streamlined expense tracking.

Cons:

  1. Focused on Southwest Airlines: The card’s benefits are most advantageous for those who primarily fly with Southwest, which might not suit businesses with more varied airline preferences.
  2. Annual Fee: While not the highest, the annual fee might be a consideration for smaller businesses.
  3. Limited Redemption Options Outside of Southwest: Points are most valuable when redeemed for Southwest flights, which may limit flexibility compared to other travel rewards cards.

In conclusion, the Southwest® Rapid Rewards® Performance Business Credit Card is an excellent choice for businesses that frequently use Southwest Airlines for travel. Its rewards structure, welcome bonus, and travel perks are significant advantages. However, businesses that require more flexibility in airline choices or a broader rewards program might find the card less suitable.

Comparison to Other Cards

When evaluating the Southwest® Rapid Rewards® Performance Business Credit Card, it’s important to consider how it stacks up against other business credit cards, especially those geared towards travel.

1. Rewards Structure: Compared to other business travel cards, the Southwest Performance Card offers one of the highest earning rates on airline purchases, specifically with Southwest Airlines. While some cards offer broader travel categories, the Southwest card is ideal for businesses primarily flying with Southwest due to its specialized rewards.

2. Welcome Bonus: The welcome bonus is competitive with other business travel cards, often surpassing them in terms of the total points offered. This makes the card particularly attractive for businesses that can meet the initial spending requirements.

3. Redemption Flexibility: The card excels in redemption options, especially for Southwest flights. While some travel cards offer more versatility in point usage across different airlines and travel services, the Southwest card is unparalleled for businesses loyal to Southwest Airlines.

4. Travel Perks: The travel credits, upgraded boardings, and TSA PreCheck/Global Entry fee credit put the Southwest card on par with other top-tier business travel cards. However, its unique offerings, like enhanced in-flight Wi-Fi, are tailored to the needs of the modern business traveler.

5. Annual Fee: The card’s annual fee is relatively moderate compared to some premium travel cards, which can have significantly higher fees. This makes it a cost-effective choice for small to medium-sized businesses.

6. Specificity for Southwest Flyers: The primary consideration is the card’s focus on Southwest Airlines. For businesses that are flexible with their airline choice or frequently use multiple airlines, a more general travel rewards card might offer broader benefits.

In summary, the Southwest® Rapid Rewards® Performance Business Credit Card is an excellent choice for businesses that frequently fly with Southwest. It offers competitive rewards, a strong welcome bonus, and unique travel benefits. However, for those who require more airline flexibility or broader travel rewards categories, other business travel cards might be more suitable.

Conclusion

In summary, the Southwest® Rapid Rewards® Performance Business Credit Card is an outstanding option for businesses that frequently fly with Southwest Airlines. Its impressive rewards rate on Southwest purchases, generous welcome bonus, and valuable travel perks like annual travel credits and upgraded boardings make it a top contender in the business travel card category. While the card is specifically tailored to benefit loyal Southwest customers, it might be less advantageous for businesses seeking more airline flexibility. For companies aligned with its offerings, this card can provide significant travel savings and enhanced travel experiences.

Frequently Asked Questions

How does the Southwest® Rapid Rewards® Performance Business Credit Card benefit frequent business travelers?

The card offers high rewards on Southwest purchases, valuable travel perks like annual travel credits and upgraded boardings, and a generous welcome bonus, making it ideal for frequent business travelers, especially those who prefer Southwest Airlines.

Can points earned with the card be used for travel other than Southwest flights?

While the best value is often found in redeeming points for Southwest flights, the card also allows for points to be used for other travel-related expenses, such as hotel stays and car rentals.

Are there any benefits for employee cardholders?

Businesses can issue employee cards at no additional cost, which helps in accumulating rewards faster and simplifies expense tracking.

Is the card suitable for international travel?

Yes, the card is suitable for international travel as it offers no foreign transaction fees and other travel perks like TSA PreCheck/Global Entry fee credit.

What should businesses consider before applying for this card?

Businesses should consider their travel patterns, especially their frequency of flying with Southwest Airlines, and whether they can maximize the rewards and benefits offered by the card.

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