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Chase has just released the new Southwest Rapid Rewards® Performance Business Credit Card, and the opportunity to earn a welcome bonus offer of 80,000 Southwest points after spending $5,000 on purchases within the first three months of account opening.
Southwest is a crowd favorite thanks to its great customer service, no change fees and free checked-bag policies, and this huge intro bonus is worth about $1,200 in Southwest flights.
Although this is a business card, you don’t need to own a large corporation to qualify. Mowing lawns, reselling items on eBay, tutoring, or any number of things you do outside your regular full-time job can qualify you as a business owner to become eligible for this card.
You can apply for the Southwest Performance Business Card here. Here’s our full Southwest Performance Business credit card review.
If you’re wondering about adding this card to your wallet, here are some things to consider:
Southwest Performance Business Credit Card Review
The Southwest Performance Business Card welcome bonus of 80,000 Southwest points after spending $5,000 on purchases within the first three months of account opening is worth at approximately $1,200 in travel with Southwest, because the value of Southwest points is about 1.5 cents each. This is more than enough to justify the card’s $199 annual fee.
Earning the intro bonus also means you’ll be more than halfway toward qualifying for the Southwest Companion Pass, which is one of the best deals in travel because it lets a friend or family member travel with you for nearly free when flying on Southwest paid and award tickets.
Those two items alone easily make this card worth the card’s $199 annual fee, but the icing on the cake is you’ll also be able to earn bonus points in a number of different purchase categories.
Earning Points With the Southwest Performance Business Card
With the Southwest Performance Business Card, you can earn bonus points in a number of different categories. You’ll earn:
- 3 Southwest points per dollar on Southwest and Rapid Rewards hotel and car purchases
- 2 Southwest points per dollar on social media and search advertising
- 2 Southwest points per dollar on internet, cable and phone service
- 1 Southwest point per dollar on everything else
- 9,000 Southwest points each card-member anniversary
How to Use Points From the Southwest Performance Business Card
Using Southwest points is pretty straightforward. There’s no Southwest award chart — instead, just find a flight on the Southwest website, and as long as there are seats available, you can book it with cash or points.
A few things to know about Southwest points:
- Southwest points are typically worth about 1.5 cents each, and award prices are based on the cash price of a flight
- Since they’re tied to the cash price, there are no blackout dates
Here’s an example of how to find and book a Southwest award flight.
Step 1. Enter your trip details on the Southwest home page
Head to the Southwest.com website, and input the details of your flight, including departure and arrival airports, travel dates and number of passengers.
Make sure you check the box for “Points” in the upper right-hand corner of the search box.
Step 2. Select the flight you want
Once you’ve entered the details of your trip, you’ll be given a page with available flights, along with their corresponding point costs.
One great thing about Southwest is they do not charge change fees. If you ever need to cancel a reservation altogether, the points you originally redeemed for the flight will simply be deposited back to your Southwest account.
Check out our post with ideas on the best ways to use Southwest points.
Southwest Performance Business Card Benefits
Southwest Companion Pass
The Southwest Companion Pass is one of the best deals in travel because it lets a friend or family member fly with you for nearly free whenever you fly Southwest. One of the more common ways of earning the pass is by accumulating 110,000 Southwest points in a calendar year.
After meeting the minimum spending requirement for the welcome bonus on the Southwest Performance Business Card, you’ll have at least 85,000 points. That basically leaves you just a hop, skip and a jump from the 110,000 points you need for the companion pass.
There’s no limit to how many times you can use the pass, so it can literally save you thousands of dollars. For instance, team member Devon used his pass to buy his fiancée’s tickets and saved $1,000+ last year alone.
Here’s more about how to use the Southwest Companion Pass.
TSA PreCheck or Global Entry Credit
The Southwest Performance Business Card offers up to $100 in TSA PreCheck or Global Entry credit every four years. With TSA PreCheck or Global Entry, you’ll skip long airport lines and save a to of time when you travel. And if you already belong to one of these trusted-traveler programs, you can use this credit against the application fee when you renew your TSA PreCheck or Global Entry (which expire every five years) membership.
Four Upgraded Boardings per Year
When available on your day of travel, you can purchase an upgraded boarding to positions A1 to A15 and be among the first to get on the plane. Just use your card to purchase the upgrade (which costs $30, $40 or $50 depending on the flight) and you’ll receive a statement credit up to four times per card member year. That’s worth up to $200.
Inflight Wi-Fi Credits
Up to 365 per year, you’ll receive an $8 credit for purchases of Southwest inflight Wi-Fi. Fly Southwest 25 times a year and this perk alone pays for the annual fee.
9,000 Anniversary Points
Every year on your account anniversary, you’ll receive 9,000 Southwest points (worth ~$135 in Southwest airfare), which covers a good portion of the card’s annual fee.
Earn Tier-Qualifying Points Toward Elite Status
If you need more points to earn A-List or A-List Preferred elite status with Southwest, the Southwest Performance Business Card card gets you 1,500 tier qualifying points (TQPs) for each $10,000 in purchases, up to $100,000 in purchases annually (which equals 15,000 TQPs).
This could give you the boost you need if you’re just short of your qualifying points threshold for the year. Having Southwest elite status means you get bonus points on paid flights, priority check-in and boarding and free same-day standby. A-List Preferred members also get free inflight Wi-Fi.
Additional Employee Cards at No Extra Cost
If you have employees, a good way to quickly rack up points is to have them use the card for all business expenses. These additional employee cards come at no added cost.
Is the Chase Southwest Performance Business Card Worth the Annual Fee?
In short, absolutely YES. With an annual fee of $199, the Southwest Performance Business Card has the highest annual fee of all of Chase Southwest cards, but it has a TON of perks that make it worth it. Here’s a summary:
- For starters, the intro bonus alone is worth $1,200
- The intro bonus gets you halfway toward the Companion Pass
- Speed through the airport with up to $100 statement credit toward TSA PreCheck or Global Entry application fee
- Receive four upgraded boardings per year, worth up to $200
- Get inflight Wi-Fi credits worth $8 per flight, up to 365 times per year (and save hundreds of dollars)
- Boost your progress toward Southwest elite status by earning tier-qualifying points
- You’ll earn 9,000 bonus points each anniversary year, worth ~$135.
Does the Southwest Performance Business Card Have a Foreign Transaction Fee?
Who Is Eligible for the Southwest Performance Business Card?
Chase will not approve you for most of their cards if you’ve opened five or more cards from any bank (not counting Chase business cards and certain other business cards) in the past 24 months.
Although it is a business card, you do not have to own a large corporation to qualify. And you’re eligible even if you have the other Southwest business card, the Southwest Rapid Rewards Premier Business Credit Card.
Here’s our guide on how to complete a Chase business credit card application.
Other Chase Southwest Credit Cards
Read our Southwest Business card review
Apply Here: Southwest Rapid Rewards Priority Credit Card
Read our review of the Southwest Priority card
Apply Here: Southwest Rapid Rewards Premier Credit Card
Apply Here: Southwest Rapid Rewards Plus Credit Card
Read our review of the Southwest Plus Card
Chase has four other Southwest cards with slightly different perks, benefits and earning rates. You can only hold one personal Southwest card at a time, but if you’re interested in a lower annual fee, you have the following three options:
- Southwest Rapid Rewards Priority Credit Card – $149 annual fee
- Southwest Rapid Rewards Premier Credit Card – $99 annual fee
- Southwest Rapid Rewards Plus Credit Card – $69 annual fee
Business owners can also consider the other business credit card offering:
- Southwest Rapid Rewards Premier Business Credit Card – $99 annual fee
New card members with the Southwest Performance Business Card can earn a welcome bonus of 80,000 Southwest points after meeting minimum spending requirements.
The welcome bonus alone is worth around $1,200 in Southwest airfare, which is more than enough to cover the card’s $199 annual fee. You’ll also get additional perks like 9,000 bonus points each account anniversary (worth ~$135), Global Entry/TSA PreCheck credit, inflight Wi-Fi credits and four upgraded boardings per year.
The points earned from the welcome bonus also count toward the Southwest Companion Pass, which you’ll qualify for if you earn 110,000 Southwest points in a calendar year. It’s the best deal in travel, because a friend or family member flies with you for nearly free (just pay taxes and fees) on paid and award tickets.
To learn more about Southwest, you can read some of our guides below:
- Southwest Rapid Rewards Review
- Southwest Points Value
- Southwest Status
- Best Ways to Use Southwest Points
- Everything to Know About the Southwest Companion Pass
- How to Use the Southwest Companion Pass
- How to Earn Southwest Points
- How to Setup a Southwest Account
- How to Use Southwest Points
- Southwest Award Chart
- Do Southwest Points Expire?
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