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Is the Southwest Performance Business Credit Card Annual Fee Worth It? With Points Galore and Travel Perks, It’s a No-Brainer

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Is the Southwest Performance Business Credit Card Annual Fee Worth It? With Points Galore and Travel Perks, It’s a No-Brainer

Alyssa CerchiaiIs the Southwest Performance Business Credit Card Annual Fee Worth It? With Points Galore and Travel Perks, It’s a No-BrainerMillion Mile Secrets Team

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INSIDER SECRET: This card’s welcome offer isn’t the only perk that’ll give you a wad of valuable points. The spending categories and annual points bonus do, too!

Chase recently introduced a brand new card to add to your wallet — the Southwest Rapid Rewards® Performance Business Credit Card — and small business owners who like Southwest should have a hard look at it. With more opportunities to rack up points with the airline and valuable benefits and perks, there’s no argument that the card packs a punch.

Currently, the Southwest Performance Business Card is offering a sign-up bonus of 80,000 Southwest points after spending $5,000 on purchases within the first three months of account opening. That initial return alone will cover the cost of the $199 annual fee over and over again. 

However, the annual fee is a factor to consider, and one may still wonder if the Southwest Performance Business card annual fee is worth it.

Is the Southwest Performance Business Card annual fee worth it? For Southwest fans, absolutely! (Photo by NextNewMedia/Shutterstock)

Is the Southwest Performance Business Credit Card Annual Fee Worth It?

Apply Here: Southwest Rapid Rewards® Performance Business Credit Card

Read our Southwest Performance Business Credit Card review

On top of the attractive 80,000-point sign-up bonus, the Southwest Rapid Rewards® Performance Business Credit Card offers an annual points bonus to keep the points coming. The card can also help to give you a great travel experience (especially when flying Southwest), too!

We’re just scratching the surface here, though. Let’s get into all the perks.

Rack up Points Galore

The Southwest Rapid Rewards® Performance Business card has an impressive initial bonus of 80,000 Southwest Rapid Rewards points after you spend $5,000 on purchases in the first three months.  

Because Southwest points are worth about 1.5 cents each, the welcome bonus alone is worth ~$1,200 in Southwest flights (and potentially almost double that if you have the Southwest Companion Pass). That covers the annual fee for more than five years.

If that’s not enough for you, don’t worry, because you’ll also receive an additional 9,000 Southwest points, worth around $135 in Southwest flights, every year on your card anniversary.

These points make a difference in the value of the card. They help offset the annual fee each year on top of what you’ve made from the sign up bonus. The cost is essentially cut by more than half when considering the return of just this one perk. To see how to put these Southwest points to work, see our analysis on the best ways to use Southwest points.

On top of the points bonuses that the card offers, cardholders will also find value in the card through its spending categories. A couple are pretty predictable, but one is a little unique. All three, though, will allow you to dip into this cards extensive returns. 

  • 3 Southwest points per dollar spent on Southwest Airlines purchases
  • 2 Southwest points per dollar spent on social media and search engine advertising, Internet, cable and phone services 
  • 1 Southwest point per dollar spent on all other purchases

For those who spend a lot in these bonus categories, these points can add up quickly.

A Better Travel Experience With Southwest

When you are approved for the Southwest Rapid Rewards® Performance Business card, you’ll be upgrading your flying experience with a couple of the card’s attractive perks.

Every four years, you’ll receive a Global Entry or TSA Precheck application fee credit to help you speed through airport lines. This benefit alone is worth up to $100. 

Don’t get stuck in security when you have TSA PreCheck. (Photo by Shutterstock.com)

Your travel experience improves from there. You’ll receive four upgraded boardings per cardmember year (boarding positions A1 to A15), which means less time spent idling in line while waiting for your fellow passengers to board and more time to pick the most optimal spot on the plane. Upgraded boardings cost $30, $40 or $50 depending on the flight, so this perk is worth up to $200.

Another amazing benefit of the Southwest Rapid Rewards® Performance Business card is its inflight Wi-Fi credits that can be applied on any Southwest flight. You’ll receive up to 365 Wi-Fi credits (worth $8 each) per year. For business travelers who want to maximize the valuable time spent in the air, this perk is pretty much priceless. 

Upgrade Your Business

The Southwest Rapid Rewards® Performance Business card encourages small business owners to keep doing what they’re doing by targeting the spend that’s important to the customer. 

Earning 2 points per dollar on social media and search engine advertising, internet, cable and phone services can mean huge returns on some of the most important and oftentimes costly expenditures of a business.

Earn 2x Southwest points per dollar on Internet, cable and phone services. (Photo by MAD_Production/Shutterstock.com)

Another great perk of having the Southwest Rapid Rewards® Performance Business card? Your employees can receive the card at no additional cost, and their spending on the card also earns you points.

What About Other Southwest Business Cards?

While the Southwest Rapid Rewards Performance Business card is a great addition to small business owners’ wallets, Southwest also has another comparable option to consider: the slightly less expensive Southwest Rapid Rewards® Premier Business Credit Card. It has a $99 annual fee.

The Southwest Premier Business Card has a welcome bonus of 60,000 Southwest points (worth ~$900 in Southwest flights) after spending $3,000 on purchases in the first three months of account opening. On the Premier card, though, the spending categories are a little different. 

Cardholders will earn 2 Southwest points per dollar spent on Southwest purchases (instead of the Performance card’s 3x points in that category) and 1 Southwest point per dollar spent on all other purchases. Premier cardholders won’t get that 2x points per dollar spent on social media and search engine advertising and internet, cable and phone services.

The Southwest Rapid Rewards® Premier Business card also offers a great anniversary points bonus of 6,000 Southwest points (worth ~$90 in Southwest flights), as opposed to the Performance’s 9,000 points.

While the Premier card won’t give cardholders all of the other perks of the Performance card, like the Global Entry or TSA PreCheck application fee credit, the four upgraded boardings per year or the inflight Wi-Fi credits, it still provides some of the other benefits that the Performance card does.

With the Premier card, you’ll still have the advantage of no foreign transaction fees and the ability to earn Tier Qualifying points toward elite status.

So, if you’re not completely sold on the Southwest Rapid Rewards® Performance Business card, the Premier card is a great alternative with a lower annual fee.

Bottom Line

The brand new Southwest Rapid Rewards Performance Business card is an excellent option for small business owners. Benefits like a Global Entry or TSA PreCheck application fee credit, four upgraded boardings per year and inflight Wi-Fi credits make this card extra valuable on top of the outstanding 80,000 Southwest point sign-up bonus. 

Find out more about Southwest and its loyalty program, by checking out our related guides below:

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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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