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The Top 10 Best Benefits and Perks of the Chase Southwest Business Card Make It a Long-Term Keeper

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The Top 10 Best Benefits and Perks of the Chase Southwest Business Card Make It a Long-Term Keeper

Jasmin BaronThe Top 10 Best Benefits and Perks of the Chase Southwest Business Card Make It a Long-Term KeeperMillion Mile Secrets Team

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The Southwest Rapid Rewards® Premier Business Credit Card has the highest welcome bonus of any Southwest card.  You’ll earn 60,000 Southwest points (worth ~$900 in Southwest airfare) after spending $3,000 on purchases in the first 3 months.  And those points can get you more than halfway to the coveted Southwest Companion Pass.

The hefty sign-up bonus and Companion Pass boost aren’t the only great reasons to consider the card.  The Southwest Premier Business card’s benefits and perks can more than offset the $99 annual fee if you make the most of them.  That’s why lots of folks keep this card in their wallet year after year.

The Chase Southwest Business Card Benefits and Perks Can Help You Escape the Nasty Winter Weather (and Protect You When You Travel)

Here are the top benefits and perks of the Chase Southwest Premier Business card.

Southwest Premier Business Card Benefits and Perks

Apply Here:   Southwest Rapid Rewards® Premier Business Credit Card

Read our review of the Southwest Premier Business Credit Card

With the Southwest Rapid Rewards® Premier Business Credit Card, you’ll earn 60,000 Southwest points after spending $3,000 on purchases in the first 3 months.  Because Southwest points are worth ~1.5 cents each, you can get ~$900 in airfare from the welcome bonus alone.

And because the sign-up bonus and points earned from the card count towards the Southwest Companion Pass, opening this card will get you more than halfway to the best deal in travel.  To get the Companion Pass, you’ll need to earn 110,000 qualifying Southwest points in a calendar year.

That’s why a lot of people sign-up for the Southwest Premier Business card and one of the personal Chase Southwest cards (Chase Southwest Rapid Rewards Plus Credit Card, Chase Southwest Rapid Rewards Premier Credit Card, or Chase Southwest Rapid Rewards Priority Credit Card) – between the one business and one personal card, you’ll have more than enough points to unlock the Companion Pass.  (Note:  You can’t have more than one Southwest personal card at a time).

With the Southwest Companion Pass, a friend or family member can fly with you for nearly free (just pay taxes and fees) on paid and award flights for as long as your pass is valid.

Bring a Pal (or a Kid Brother) With You for Just the Cost of Taxes and Fees (~$6 One-Way on Domestic Flights) When You Have the Southwest Companion Pass

Keep in mind, because of the Chase 5/24 rule, you won’t be approved for any of the Chase Southwest cards if you’ve opened 5+ cards from any bank (excluding certain business cards) in the past 24 months.

However, opening Southwest Premier Business card does not add to your Chase 5/24 count, because it won’t appear on your personal credit report.  So it won’t hurt your chances of getting approved for more cards from Chase.

The Southwest Premier Business card isn’t just worth opening for the big welcome bonus.  It also comes with excellent benefits and perks, including travel and purchase protections, that make it a worthwhile addition to your wallet for the long term.

1.   6,000 Bonus Southwest Points Each Card Anniversary

Every year on your Southwest Premier Business card account anniversary, you’ll earn 6,000 Southwest points (worth ~$90 in Southwest airfare).  This perk alone almost completely offsets the $99 annual fee.

And remember, those points are worth nearly double if you have and use the Southwest Companion Pass.

2.   Primary Rental Car Insurance

When you rent a car for business purposes, pay for the entire rental with your Southwest Premier Business card, and decline the rental company’s collision damage waiver (CDW), you’ll get primary rental insurance coverage for damage due to theft or collision.  You’ll also get primary coverage if you’re renting for personal reasons outside the US or if you don’t have your own automobile insurance.  Coverage is secondary in the US if you rent for personal reasons.

Use Your Chase Southwest Premier Business Card When You Rent for Business Purposes in the US and Get Primary Rental Insurance

This perk can save you money if you rent cars frequently, because most car rental companies charge ~$15+ per day for this type of insurance.  The Southwest Premier Business card doesn’t include liability coverage, though, so be sure you have your own policy for that or purchase coverage from the rental agency.

In the unfortunate event you need to file a claim, having automatic primary rental car insurance can save you hundreds, if not thousands, of dollars.

3.   Lost Luggage Reimbursement

When you, an employee’s, or your immediate family members’ checked or carry-on bags are damaged or lost, you’re covered up to $3,000 per passenger when you pay with the card.  You’re covered up to $500 for each insured person per trip for jewelry, watches, cameras, video recorders, and other electronic equipment.

4.   Baggage Delay Insurance

When you pay with the Southwest Premier Business card, you, your immediate family, or employees can be reimbursed for essential purchases like toiletries and clothing for baggage delays over 6 hours, up to $100 a day for a maximum of 3 days.

5.   No Foreign Transaction Fees

Nobody likes getting stung with these junk fees when they travel abroad.  You can use your Southwest Premier Business card without worry when you’re out of the country, because it doesn’t add foreign transaction fees.

6.   Extended Warranty

With extended warranty, the Southwest Premier Business card extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of 3 years or less.

The Chase Southwest Premier Card Can Extend Eligible Warranties of 3 Years or Less by an Additional Year

You’re covered for a maximum of $10,000 per claim and $50,000 per year.  That’s nice peace of mind when you’re purchasing high-end items like electronics.

7.   Purchase Protection

The Southwest Premier Business card protects eligible new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

8.   Travel Accident Insurance

When you use your card to purchase an eligible trip, you’ll receive travel accident insurance for yourself, immediate family, and employees.  This includes accidental death, dismemberment and loss of speech, sight, and hearing benefits.  See the Chase Southwest Premier Business guide to benefits for full details.

9.   Travel and Emergency Assistance Services

If you’re traveling and need help with relaying an emergency message back home, or need a medical or legal referral, you can call the Benefits Administrator for help 24 hours a day.

If You Become Sick or Injured While Traveling, Chase Can Help You With a Medical Referral (You’ll Have to Pay the Costs of Treatment)

They can also assist with making emergency arrangements for travel, replacing tickets, locating lost luggage, filling prescriptions, and more.  Note that this is a referral service only and that you’re responsible for all costs.

10.   Roadside Dispatch

For a flat service fee per call, you can get roadside dispatch for common mishaps like:

  • Towing – up to 5 miles included
  • Tire Changing – must have good, inflated spare
  • Jump Starting – battery boost
  • Lockout Service (no key replacement)
  • Fuel Delivery – up to 5 gallons (cost of fuel not included)
  • Winching (within 100 feet of paved or county maintained road only)

To access roadside dispatch, call 800-847-2869.  It’s not free, but it’s a helpful alternative if you don’t have your own roadside coverage.

For more details on all the protections offered by the card, check out the Chase Southwest Premier Business guide to benefits.

Bottom Line

The Southwest Rapid Rewards® Premier Business Credit Card comes with a substantial welcome bonus (worth ~$900 in Southwest airfare) after meeting minimum spending requirements.  And the points you’ll earn from the card can help qualify you for best deal in travel, the Southwest Companion Pass.

That’s not the only reason to pick up the card!  It comes with a slew of outstanding benefits and perks that can save you money (and hassle) when you travel, like primary rental car insurance when you rent for business purposes.  You’ll also have peace of mind when you buy eligible big ticket items because you’ll get extended warranty and purchase protection, too.

You can apply for the Chase Southwest Premier Business Credit Card here.

Southwest Rapid Rewards® Premier Business Credit Card

Southwest Rapid Rewards® Premier Business Credit 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

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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You CAN have 2 SW perdonal cards at once. I do