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Southwest Rapid Rewards Premier Business Credit Card Review

Southwest Rapid Rewards Premier Business Credit Card Review

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This article was last updated Jun 10, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re running a business and find yourself flying on Southwest Airlines routinely, you should take a serious look at the Southwest Rapid Rewards® Premier Business Credit Card.

In addition to a generous sign-up bonus and anniversary bonus, the card offers 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..

Southwest Rapid Rewards points can be redeemed for flights, gift cards, hotel stays, car rentals, merchandise and more.

Just know that if you need to fly outside of the airline’s limited route network, you won’t be able to use the points earned on this card to do it, since Southwest doesn’t have partnerships with other airlines.

We break down the pros and cons of the Southwest Rapid Rewards® Premier Business Credit Card, as well as show how it compares to another travel rewards card — the Capital One® Spark® Miles for Business.

Southwest Rapid Rewards® Premier Business Credit Card pros

Sign-up bonus. Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open. That can get you far on Southwest Airlines. For example, we found a round-trip fare from New York to San Diego for 31,806 points.

Know that the amount of points required to purchase a ticket is subject to change at any time until the ticket is booked and may vary based on numerous factors, including destination, time, date of travel, demand and fare class. In addition, you cannot use points to purchase special fares, such as senior, infant, child, military and government fares.

Rewards rate. The Southwest Rapid Rewards® Premier Business Credit Card offers 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.. This includes Southwest Airlines flights, in-flight purchases, Southwest gift cards and Southwest Vacations® packages, as well as purchases at participating Rapid Rewards® hotel and rental car partners.

Plus, from Aug. 1 through Oct. 31, 2020, existing cardholders automatically earn 5 total points per dollar on shipping and advertising purchases made on social media and search engines on up to $10,000 spent in combined purchases.

Anniversary bonus. Receive 6,000 bonus points each year after your account anniversary. “Account anniversary year” refers to the year beginning with your account open date through the anniversary of your account open date — and every 12 months after that.

Path to Southwest A-List status. Get A-List status quicker with up to 15,000-tier qualifying points earned with your card per calendar year. To qualify for A-List status, you must have 35,000-tier qualifying points or 25 qualifying one-way flights per calendar year.

With A-List status, you have access to priority boarding, priority check-in and security lane access, 25% more Rapid Rewards points earned on each flight, same-day standby and a dedicated A-List member phone line.

Read: How to Earn Southwest A-List, A-List Preferred and Companion Pass Status

Southwest Companion Pass. The points earned from your Southwest Rapid Rewards® Premier Business Credit Card count toward the highly coveted Southwest Companion Pass, which allows a designated person to fly with you at no cost (except taxes and fees) each time you purchase or redeem points for a Southwest flight for up to two years.

To qualify for the Companion Pass, you must earn 125,000 points or take 100 one-way flights in a calendar year.

Read: Southwest Companion Pass Basics: How to Earn and Enjoy the Pass

Additional Southwest Rapid Rewards® Premier Business Credit Card benefits:

  • Auto rental collision damage waiver
  • Roadside dispatch
  • Purchase protection
  • Extended warranty protection
  • Lost luggage reimbursement
  • Baggage delay insurance
  • Travel and emergency assistance services
  • Travel accident insurance

Southwest Rapid Rewards® Premier Business Credit Card cons

Annual fee. The Southwest Rapid Rewards® Premier Business Credit Card comes with a $99 annual fee. However, you can add employee cards at no additional cost, plus earn rewards on the purchases your employees make using the card.

Modest rewards non-travel related purchases. While the Southwest Rapid Rewards® Premier Business Credit Card offers more points per $1 spent on Southwest® purchases, cardholders only earn 1 point per $1 spent in other popular business spending categories, such as dining, office supplies and wireless services.

No intro APR. If you want to finance business expenses and pay them off over time, the Southwest Rapid Rewards® Premier Business Credit Card may not be ideal, since it doesn’t offer a 0% intro APR on purchases.

Read: Best 0% Intro APR Business Credit Cards

Compare it with the Capital One® Spark® Miles for Business

If you aren’t loyal to Southwest Airlines and want more flexibility on which airlines to use your earned miles on, you may want to look at the Capital One® Spark® Miles for Business.

Capital One® Spark® Miles for Business cardholders earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

Plus, earn 2 miles per $1 on every purchase, everywhere, and 5 miles per $1 on hotel and rental car bookings through Capital One Travel.

Miles can be redeemed for flights, hotels, vacation packages and more. Or you can transfer miles to 14 travel partners, including Accor Live Limitless, Air France, Emirates Skywards and JetBlue TrueBlue.

Read: Capital One Adds Hotel Transfer Partners, Increases Transfer Value for JetBlue

See how the cards stack up side-by-side:

Southwest Rapid Rewards® Premier Business Credit Card vs. Capital One® Spark® Miles for Business

 Southwest Rapid Rewards® Premier Business Credit CardCapital One® Spark® Miles for Business
Annual fee$99$0 intro for first year; $95 after that
Regular purchase APR15.99% - 22.99% variable20.99% (variable)
Rewards2 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.2 miles per $1 on every purchase, everywhere
Sign-up bonusEarn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.
Foreign transaction fee$0None

While the Southwest Rapid Rewards® Premier Business Credit Card offers a slightly larger sign-up bonus, the Capital One® Spark® Miles for Business allows you to earn more miles per dollar spent on general purchases. Additionally, because the Capital One® Spark® Miles for Business comes with an annual fee of $0 intro for first year; $95 after that, you can try out the card for a full year without a financial commitment.

Which credit card is best for me?

If you regularly travel for business to one of the cities where Southwest Airlines flies, the Southwest Rapid Rewards® Premier Business Credit Card could be a good fit. In addition to a generous sign-up bonus and annual bonus, the card offers an elevated rewards rate on Southwest purchases — which can help get you that much closer to earning the Southwest Companion Pass.

But if you’d prefer more flexibility in where you can use your travel rewards, the Capital One® Spark® Miles for Business may be a better choice. Along with redeeming miles for travel, the card lets you transfer miles to 14 hotel and airline partners.


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