Southwest Rapid Rewards® Performance Business Credit Card Review (2025.1 Update: 80k Offer)

physixfan 2025-07-25 2025-07-25

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2025.7 Update: This card is completely renewed, and the annual fee is increased from $199 to $299.The welcome offer is increased to 100k, which is the best ever offer on this card.

The new benefits are marked with [New] below.

2025.1 Update: The higher offer is expired.There’s only 80k offer now.

2024.6 Update: The new offer is 80k+40k, the latter part requires $15k spending which is a bit high.After the spending you will get the companion pass directly.

Application Link

Benefits

80k offer: earn 80,000 Southwest Miles after spending $5,000 in the first 3 months.The recent best offer is 80k+40k.
We value Southwest Miles at 1.3 cents/point (Airline Miles Value), so the 120k highest offer is worth about $1,560.
See A Beginner’s Guide to Southwest Miles to check for details about Southwest Miles.
[New] Earn 4x miles per dollar spent on Southwest Airlines; Earn 2x miles per dollar spent Earn 2 points for every $1 you spend on hotel accommodations booked directly with the hotel, local transit, and commuting (including rideshare); Earn 1x mile per dollar spent on all other purchases.
Receive 9,000 Southwest Miles every year on your Cardmember anniversary.
4 Upgraded Boardings per year when available (card membership year).The Upgraded Boardings are usually purchased in the airport, and the price is $30~$50.The Upgraded Boardings are very useful for Southwest Airlines, because unlike other airlines, in Southwest Airlines whoever get in flight first can choose any seat he/she wants. [New] This benefit will end on Dec 31, 2025.
Inflight WiFi Credits: limited to a total of 365 $8 credits per year.[New] This benefit will end on Dec 31, 2025.
[New] First checked bag free.
Cardmembers and up to 8 additional passengers in the same reservation can check their first bag at no additional cost.
[New] Preferred Seat Selection at Booking, when available.If you don’t have a co-branded credit card or elite status, the lowest fare on Southwest only lets you select your seat at check-in.
[New] Enjoy unlimited upgrades to an Extra Legroom seat within 48 hours prior to departure, at no additional charge, when available.
[New] Cardmembers and up to 8 passengers in the same reservation will board with Group 5.
[New] 25% back on in-flight purchases.
If you earn 125k Southwest miles in a year, you get the Southwest companion pass certificate which is valid until the end of next calendar year!
[New] 10,000 companion Pass qualifying points boost each year.
[New] Earn 2,500 TQPs (tier qualifying points, useful towards A-List status, but not useful towards companion pass) for every $5,000 spent.
Up to $120 credit for Global Entry or TSA Precheck application fee.
No foreign transaction fee.

Disadvantages

[New] Annual fee $299, not waived first year.
Southwest doesn’t have airlines partners, so the miles can only be redeemed for Southwest Airlines itself.Southwest can only fly to the US and some central America and Caribbean countries, no further international routes.

Recommended Application Time

[5/24 Rule] If you have 5 or more new accounts opened in the past 24 months, Chase will not approve your application on this card, no matter how high your credit score is.The number of new accounts includes all credit card accounts, not only Chase accounts.
See this post for details about how to possibly bypass this rule.
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.Note that what matters here is the time you got the sign-up bonus, not the time you open the account or close the account.
Don’t apply for more than 2 Chase credit cards within 30 days, or it’s highly likely that you will get rejected.
We recommend you to apply for this card after you have a credit history for more than a year.

Summary

The welcome bonus is solid.Under the current terms, the two Southwest business cards do not affect each other’s welcome bonus eligibility, meaning you can apply for both.(In contrast, you can only hold one of the three personal Southwest cards at a time.) When welcome bonuses are at their peak, applying for one personal and one business card together can earn you over 125k Southwest points—enough to unlock the Companion Pass right away.

(Note: You can no longer apply for two personal cards in the same year.) Since the Companion Pass is valid for the rest of the calendar year you earn it plus the entire following year, applying early in the year gives you the maximum value.If you’re interested in Southwest, the beginning of the year is the best time to apply.

After the 2025 refresh and annual fee increases across the Southwest lineup, there’s really not much long-term value in keeping these cards.They’re mostly just good for the welcome bonus.

Click to expand benefits before 2025.7.24

Benefits

80k offer: earn 80,000 Southwest Miles after spending $5,000 in the first 3 months.The recent best offer is 80k+40k.
We value Southwest Miles at 1.3 cents/point (Airline Miles Value), so the 120k highest offer is worth about $1,560.
See A Beginner’s Guide to Southwest Miles to check for details about Southwest Miles.
Earn 3x Southwest miles per dollar spent on Southwest Airlines; earn 2x miles on social media and search engine advertising, Internet, cable, and phone services; earn 1x mile per dollar spent on all other purchases.
After each year anniversary and pay the annual fee, you will be credited 9k Southwest miles.
4 Upgraded Boardings per year when available (card membership year).The Upgraded Boardings are usually purchased in the airport, and the price is $30~$50.The Upgraded Boardings are very useful for Southwest Airlines, because unlike other airlines, in Southwest Airlines whoever get in flight first can choose any seat he/she wants.
Inflight WiFi Credits: limited to a total of 365 $8 credits per year.
Earn tier qualifying points towards A-List status: You’ll earn 1,500 tier qualifying points (TQPs) for each $10,000 in purchases up to $100,000 in purchases annually which equal 15,000 TQP.
Up to $100 credit for Global Entry or TSA Precheck application fee.
If you earn 125k Southwest miles in a year, you get the Southwest companion pass certificate which is valid until the end of next calendar year!
No foreign transaction fee.

Disadvantages

Annual fee $199, not waived first year.
Southwest doesn’t have airlines partners, so the miles can only be redeemed for Southwest Airlines itself.Southwest can only fly to the US and some central America and Caribbean countries, no further international routes.

Summary

According to the current terms, the Southwest business credit cards will not affect each other, so you can get both.

(Note that you can only choose one from the three for personal cards.)

The sign-up bonus is good.If you apply for a personal Southwest card and a business Southwest card, both when have the highest sign-up bonus, then you will earn more than 125k Southwest miles in total, which is more than enough to get you a Companion Pass (Note that you can’t get two personal Southwest cards at the same time now).The best timing to get it is the beginning of a calendar year, because it will be valid until the end of next calendar year!

Among the Southwest cobranded cards, the inflight wifi benefit and the ability to earn TQP is unique.The upgraded boarding benefit is also useful for frequent Southwest flyers.

But the annual fee $199 is really high.Therefore you need to ask yourself whether the benefits are worth the annual fee for you.

Related Credit Cards

Chase Southwest PlusChase Southwest PremierChase Southwest PriorityChase Southwest Premier BusinessChase Southwest Performance BusinessAnnual Fee$99$149$229$149$299Annual Miles3,0006,0007,5006,0009,000Best Sign-up Bonus100k100k100k60k80k

The current terms basically force you to choose only one personal Southwest credit card among the three.But you can have both personal and business cards.

Recommended Downgrade Options

You can not downgrade this card to any card with no annual fee, so I suggest you close it when you don’t want to keep it any longer.

After Applying

Call 800-453-9719 to check Chase business cards application status.This is an automated telephone line, and the information has the following meanings: Receive decision in 2 weeks means your application is probably approved; Receive decision in 7-10 days means your application is probably rejected; Receive decision in 30 days simply means your application requires further review and there’s nothing to tell you for now.

Chase reconsideration backdoor number: 888-270-2127 or 888-609-7805.

It’s pretty hard to recon Chase business cards.Be prepared to be asked about a lot of details of how your business operates.

Historical Offers Chart

Application Link

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.