The information for the Southwest® Rapid Rewards® Performance Business Credit Card has been collected independently by MoneyGeek.com. The card details on this page have not been reviewed or provided by the card issuer.
MoneyGeek’s Take
Southwest® Rapid Rewards® Performance Business Credit Card Review
Updated: December 10, 2024
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Southwest® Rapid Rewards® Performance Business Credit Card
On Issuer's Site
Rewards Summary
Earn 1X–4X pointsEarn 4X points on Southwest® purchases, 3X on Rapid Rewards hotel and car partners, 2X on rideshares, social media, search engine advertising, internet, cable and phone services and 1X on other purchases.
APR
20.74% - 27.74% variableAnnual Fee
$199Recommended Credit
670-850 (Good to Excellent)Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
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The Southwest® Rapid Rewards® Performance Business Credit Card offers excellent rewards to business owners. If you are looking for a card that allows you to earn redeemable points for Southwest flights, this card serves as a fine option for your wallet. It also offers a substantial welcome bonus of 80,000 points for spending $5,000 in the first three months of card ownership.
Southwest® Rapid Rewards® Performance Business Credit Card Overview
With this card, you can get unlimited reward seats to over 90 destinations with Rapid Rewards. You will also earn points on each purchase, with no restriction on the number of purchases. You will receive four complimentary seat upgrades each year, although this depends on availability. Cardmembers are also eligible for a 9,000 points bonus each year after a cardmember anniversary, get three points for each $1 spent on Southwest Airlines purchases, two points for each $1 spent on search engine and social media advertising, cables, internet and phone services, and one point for other purchases.
>>MORE: CHASE ULTIMATE REWARDS: PROGRAM GUIDE
Important Card Details
Business travelers using this card will need to pay an annual fee of $199 as well as several other fees associated with the card. Although there is no foreign transaction fee charged on international purchases, charges like balance transfer rates and APRs may result in huge interest if cardholders do not plan their payments accordingly.
Purchase APR
The Southwest® Rapid Rewards® Performance Business Credit Card has an APR that’s higher than MoneyGeek’s recommended average. Any delay in making purchase payments will result in an APR of 20.74% – 27.74% depending on your creditworthiness.
Balance Transfer Fee and APR
This card has a fee of either $5 or 5% of the amount of each transfer, whichever is greater, and an APR of 20.74% – 27.74%. While the APR is lower than some Chase other cards, it is still higher than MoneyGeek’s recommended range.
Annual Fee
If you get a Southwest® Rapid Rewards® Performance Business Credit Card, you will need to pay an annual fee of $199.
Cash Advance Rate
The cash advance rate for the Southwest® Rapid Rewards® Performance Business Credit Card is either $15 or 5% of the amount of each transaction, whichever is greater.
Rapid Rewards Performance Business Points Estimator
Estimate the value of the rewards you could earn with the Rapid Rewards Performance Business card. Use this calculator to see how your spending translates into points.
Important Disclaimers:
- This calculator is for planning and evaluation purposes and not sponsored or endorsed by Chase.
- Some of your purchases may not be eligible for earning points.
- The value of points at redemption will vary.
1
How much do you spend on Southwest purchases per YEAR? (4x points)
$
2
How much do you spend on Rapid Rewards hotel and car partners per YEAR? (3x points)
$
3
How much do you spend on rideshare, social media, search engine advertising, internet, cable, and phone services per MONTH? (2x points)
$
4
How much do you spend on other purchases per MONTH? (1x points)
$
Points Earned From the Card:0
Estimated Points Value:0 cents
Value of Points:$0
Additional Benefits
Apart from the numerous benefits and rewards, cardholders also qualify for various travel and business-related features associated with the card.
- Contactless pay: With this feature, you pay for purchases by tapping the card on the checkout terminal. That keeps your card more secure.
- If in the course of travel your luggage gets lost or damaged, the carrier will pay $3,000 for each passenger.
- Lost luggage reimbursement: If in the course of travel your luggage gets lost or damaged, the carrier will pay $3,000 for each passenger.
- Baggage delay coverage: You will get reimbursed up to $100 daily for three days as coverage for clothing, toiletries and other important purchases if your baggage is delayed for more than six hours.
- Purchase protection: For new purchases, the carrier provides 120 days of coverage against theft and damage. Cardholders receive a maximum of $10,000 for each claim and $50,000 per account.
- DoorDash: Chase Southwest Rapid Reward Performance Business customers can use their DoorDash membership to get a $0 delivery fee on orders.
How the Southwest® Rapid Rewards® Performance Business Credit Card Compares To Other Cards
The Southwest® Rapid Rewards® Performance Business Credit Card is unique since it provides businesses with rewards involving advertising and telecom expenses. The card also comes with various Southwest travel benefits, including four upgraded boardings per year and in-flight Wi-Fi credit. However, it is worth comparing the card to another potential option to ensure it’s the right card for you.
In-Depth Credit Card Comparisons:
How the Southwest® Rapid Rewards® Performance Business Credit Card Compares
Southwest® Rapid Rewards® Performance Business Credit Card
- Annual fee: $199
- Welcome bonus: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
- One point for each $1 purchase
- No intro APR offer
- Foreign transaction fee: $0
- Best For: Overseas travelers who are loyal to Southwest Airline
Capital One VentureOne Rewards Credit Card
- Annual fee: $0
- Welcome bonus: 20,000 miles bonus for $500 spent in the first three months
- Rewards Rate: Earn 5 Miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles for each $1 purchase
- Intro Offer: 0% intro APR on purchases and balance transfers for 15 months, then a variable APR of 19.74% - 29.74% after that
- Foreign transaction fee: $0
- Best For: Travelers looking for a card with no annual fee and zero APR for new cardholders.
Frequently Asked Questions
What is the average credit score needed to get approved for the Southwest® Rapid Rewards® Performance Business Credit Card?
To get approved as a Southwest® Rapid Rewards® Performance Business Credit Card customer, you will need to have at least good credit, which refers to a credit score that is between 670 to 739 out of the 850 maximum.
Does the Southwest® Rapid Rewards® Performance Business Credit Card report to all three credit bureaus?
Chase reports your credit history to all three bureaus.
Is the Southwest® Rapid Rewards® Performance Business Credit Card application process lengthy? Can you prequalify?
It is easy to apply for a Southwest® Rapid Rewards® Performance Business Credit Card. You can submit your application online or through the mobile app. To qualify, you will need to have a good credit score.
What information is needed to apply for the Southwest® Rapid Rewards® Performance Business Credit Card?
When applying for this card, Chase will request your personal, financial and contact information. Personal information includes your names and address. Financial information includes your source and amount of income, while some of the contact information required includes your phone number and email address.
Does the Southwest® Rapid Rewards® Performance Business Credit Card have good customer service or satisfaction?
Chase offers good customer service to its customers. If you need help with your card, you can log into your online account and submit your query or contact the Southwest® Rapid Rewards® Performance Business Credit Card phone number.
Does the Southwest® Rapid Rewards® Performance Business Credit Card have a mobile app or the option to pay or manage your account online?
Chase has a mobile app that allows you to access a range of services associated with the Southwest® Rapid Rewards® Performance Business Credit Card.
Does the Southwest® Rapid Rewards® Performance Business Credit Card raise credit limits automatically or charge for limit increases?
Your credit limits won’t increase automatically with this card. Does the Southwest® Rapid Rewards® Performance Business Credit Card offer the option to freeze your credit/account or have other security features?
The Southwest® Rapid Rewards® Performance Business Credit Card does not come with an option to freeze your account
Does Chase offer other credit cards besides the Southwest® Rapid Rewards® Performance Business Credit Card?
Several other Chase credit cards exist, including the Marriott Bonvoy Boundless® Credit Card, IHG® Rewards Traveler Credit Cards card and the Southwest Rapid Rewards Premium card.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Chase Credit Cards. "Southwest Rapid Rewards Performance Business Credit Card." Accessed December 10, 2024.
- Southwest. "Rapid Rewards Business Credit Cards|Southwest Airlines." Accessed December 10, 2024.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.