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Crazy deal — 100,000-point bonus and tons of perks with the Southwest Performance Business Credit Card

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Crazy deal — 100,000-point bonus and tons of perks with the Southwest Performance Business Credit Card

Meghan HunterCrazy deal — 100,000-point bonus and tons of perks with the Southwest Performance Business Credit CardMillion Mile Secrets Team

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You’re going to want to sit down for this.

You can now earn the Southwest Companion Pass (the best deal in travel) with a single credit card sign-up bonus.The Southwest Rapid Rewards® Performance Business Credit Card offers up to 100,000 Southwest points after you meet tiered spending requirements:

  • 70,000 bonus points after spending $5,000 on purchases within the first three months of account opening
  • 30,000 additional bonus points after spending $25,000 on purchases within the first six months of account opening

You can earn one or both of these tiers. This is the biggest available bonus of any Southwest credit card (by far).

You’ll find Southwest points value to generally be 1.5 cents each toward travel on Southwest. That means you can expect to receive $1,500 in flights from this bonus — but I’ll explain why this particular offer is worth up to $3,000+ in travel.

The information for the Southwest Rapid Rewards Performance Business card and Southwest Rapid Rewards Premier Business Credit Card has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

The Southwest Performance Business card has an incredible sign-up bonus that will make earning a Companion Pass much easier. (Photo by Wyatt Smith)

The Southwest Performance Business card has a $199 annual fee, but comes with the following perks that can easily make it worth paying:

  • 3 Southwest points per dollar on Southwest purchases and Rapid Rewards hotel and car rental partners
  • 2 Southwest points per dollar on social media and search advertising purchases
  • 2 Southwest points per dollar on internet, cable and phone service purchases
  • 1 Southwest points per dollar on all other purchases
  • 9,000 Southwest points every cardmember anniversary (worth ~$135 in Southwest flights)
  • 4 upgraded boardings per year (when available)
  • In-flight WiFi credits – Up to 365 $8 WiFi credits per year!
  • Global Entry or TSA PreCheck application fee credit (worth up to $100)
  • 1,500 Tier Qualifying Points after every $10,000 in purchases (on up to $100,000 in purchases every cardmember year)
  • No foreign transaction fees

We estimate Southwest points value to be average of ~1.5 cents each toward Southwest flights, so this card’s bonus can get you $1,500+ in Southwest airfare (you can read our Southwest Rapid Rewards review for more details). That’s a lot of travel for just a $199 annual fee — but in reality, the bonus can easily be worth much more.

Once you include the 25,000+ Southwest points you’ll earn from meeting the card’s minimum spending requirement, you’ll have at least 125,000 points. That’s exactly the amount needed to qualify for the Southwest Companion Pass, which allows you to bring along a friend or family member every time you fly Southwest, for just the cost of taxes and fees! Your Companion Pass will be valid the entire calendar year you earn it, as well as the following calendar year. If you earn it in 2020, it’ll be good until December 31, 2021.

Let’s do some quick math: 125,000 will provide you with ~$1,875 in free flights. If you were to bring along a friend for every flight, you’d effectively double the value of your points. That’s a value of $3,750 in Southwest flights by opening just one card and earning its full bonus.

This card has the highest earning rate for Southwest purchases of any Southwest credit card, as well. Just note that it’s a Chase card, so it’ll be restricted by the Chase 5/24 rule, which means you won’t be able to qualify for the card if you’ve opened five or more credit cards from any bank in the past 24 months (not including business cards from Chase and some other banks).

Getting approved for the best business credit cards can be easier than you think, the Southwest Performance Business included; even a part-time gig can qualify you. My wife qualifies as a freelance artist and you could be eligible too if you have a side business like driving for Uber or Lyft, selling things for a profit on eBay or even dog walking. Plus, if you’re a sole proprietor you can use your social security number as your business tax ID and your name as your business name. That’s is how I fill out all my business card applications.

Check out this guide on how to qualify for small business card for more help with your application.

Chase does have some specific application rules for Southwest cards. For example, you won’t qualify for a personal Southwest card if you currently have any other personal Southwest card or have earned an intro bonus from any personal Southwest card in the past 24 months. But you can have a Southwest personal credit card and a Southwest business credit card at the same time.

And you’ll be allowed to have both Southwest business cards at the same time. So if you have or have had the Southwest Rapid Rewards® Premier Business Credit Card, you can still apply for the Southwest Performance Business card.

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Featured image by Valentin Valkov/Shutterstock

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

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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So, can I get the SW Performance Business bonus if I currently have the SW Premier Business Card. I’ve had the SW Business Card for years. Thanks.

Yes. I have both.

Better to use the $25000 spend to get 3 or 4 other cards and get 300,000 UR points or another SW business account and a personal card.

Does Chase 5/24 apply to this business card?