Southwest® Rapid Rewards® Premier Business Credit Card review

If your business travel frequently takes you to the skies with Southwest Airlines, you'll be pleased to know this card is designed to reward you handsomely with a welcome bonus that puts you closer to earning a Companion Pass.

Written by
Brooklyn Lowery
Edited by
Jennifer Doss
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Small Business Card

Southwest® Rapid Rewards® Premier Business Credit Card

  • Rewards
  • Earn 3 points per $1 spent on Southwest® purchases. Earn 2 points per $1 spent on Rapid Rewards® hotel and car rental partners. Earn 2 points per $1 spent on local transit and commuting, including rideshare. Earn 1 point per $1 spent on all other purchases.
  • Welcome Bonus
  • Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
  • Annual Fee
  • $99
card_name
5.0
Credit Score: Excellent, Good
on Chase's secure website
Terms and Limitations Apply

Key Features

Editor Analysis:

Pros
  • Earn 60,000 points after you spend $3,000 on purchases in the first three months your account is open.
  • Your bonus points don't end with the welcome bonus – each year after your card member anniversary you'll receive 6,000 bonus points.
  • Earn triple points for your purchases with Southwest Airlines.
    Cons
    • This card is all about loyalty. Sure, you earn rewards with Rapid Rewards® partners, but if you're looking for a wide open opportunity to earn bonus rewards and redeem those rewards, you'll want to look for a more general rewards card.
    ALTERNATE CARD TO CONSIDER

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    Credit Score: credit_score_needed
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    card_name rewards

    Those who are loyal to Southwest Airlines will find that loyalty reciprocated when they become cardholders of the CardName.

    Cardholders enjoy benefits such as three points per $1 on any Southwest Airlines purchase as well as two points per $1 on rideshares and purchases with Rapid Rewards® hotel and car rental partners. You’ll also earn one point for every $1 spent on your other purchases, but, let’s face it: You’re looking at an airline rewards card because your business requires traveling and you’re rightfully interested in earning rewards and enjoying perks for all that travel.

    With that in mind, other airline benefits include no baggage fees, no blackout dates, no seat restrictions and no change fees, plus – and this is big – this card provides a nice boost toward earning that all-important Southwest Companion Pass so that a companion of your choice can travel with you free-of-charge (just pay taxes and fees) for the remainder of the year in which you earn the reward as well as for the entire calendar year after that.

    Your earning toward the Companion Pass gets started with an impressive welcome bonus. Earn 60,000 points after you spend $3,000 on purchases in the first three months your account is open. You will also receive 6,000 bonus points each year after your card anniversary. Though the Southwest Rapid Rewards® Premier Business card carries a AnnualFees annual fee, the small business owner with plenty of Southwest Airlines travel on the agenda will find the rewards and perks should be plenty to offset that fee.

    CardRatings Tip

    Learn more about the Southwest Companion Pass in our Southwest Companion Pass guide.

    Best features of the card_name

    What’s not to love about the CardName? Let’s go through its highlights with a bit more detail, starting with fact number one: You’re a small business owner. Small business owners need to be prudent with spending and should relish any opportunity to put money back toward their business’ bottom line. This card allows for both by offering free employee cards, points earning on employee spending, and easy access to employees’ statements so you can track monthly spending habits. These benefits allow you as the business owner to make the right decisions based on company need and not on company financials. If business travel is necessary, reap the rewards via the points you and your employees rack up.

    Fact number two: You’re a loyal Southwest Airlines customer. As such, you’ll not only earn points for future travel, you’ll also be on the fast track to that Companion Pass, which, as mentioned above, allows a companion to travel with you for free (taxes and fees excluded). The valuable intro bonus you can earn as a new cardholder will put you on the fast track to earning that pass.

    These bonus points also stack nicely with your monthly spending, letting you sink them back into your business or use them to enhance your personal time. There are no foreign transaction fees, no change fees, no baggage fees, and best of all no blackout dates or expiration on all the points you earn.

    Potential downsides of the card_name

    The CardName isn’t for everyone. If you don’t travel very often using Southwest Airlines or Rapid Rewards® hotel and car rental partners, many of the perks and bonuses could be out of reach. In that case, you might want to look for a card that doesn’t have an annual fee or that offers cash-back rewards instead. You could also look for a more general travel rewards credit card, specifically one with more flexibility and less brand loyalty.

    card_name approval odds

    Do you qualify for the CardName? Since you don’t necessarily need an Employer Identification Number (EIN) to qualify for a business credit card, your odds may be better than you might think.

    The list of people who can apply for a small business credit card includes quite a few professions, such as freelancers/self-employed individuals, entrepreneurs, small business owners/officers, owners/officers of established businesses, and owners/officers of startups. Most credit card companies have a pretty broad definition of a “business” when it comes to deciding who will be granted a small business credit card. To qualify for a business credit card, you need to be an “authorized officer” of a company. In other words, you must have the legal right to enter into borrowing arrangements with financial institutions on behalf of a business. As you’ve likely guessed, if you are the owner of a sole proprietorship business or the sole owner of a small business, you are already an “authorized officer.” It can be more complicated determining who ranks for businesses that have multiple owners, though. That said, most owners, even multiple ones, are also “authorized officers.”

    Credit card issuers consider each application on its own merits, so let them make the decision on whether you qualify – rather than assume you aren’t a good fit simply because your business doesn’t appear to fit a standard business model. And a hopefully helpful FYI: Your personal credit history will likely be what is used to determine your eligibility and/or credit limit on a business card before you’ve built up a credit history for your business.

    If your business doesn’t have a tax ID number (EIN), you can enter your personal social security number instead, but in general, you’ll want to try and have the following information available when you apply:

    • Business name
    • Business name as you want it to appear on the card
    • Business address
    • Type of business Tax ID number (or your social security number)
    • Number of employees
    • Annual revenue/sales
    • Monthly expenses
    • Number of years in business
    • Ownership type (publicly traded, privately owned, etc.)
    • Business structure (LLC, corporation, non-profit, etc.)

    How the card_name compares to other cards

    card_name vs. card_name

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    The card_name and the CardName credit card both offer bonus rewards on travel purchases, but Chase’s Southwest card only offers it on brand-loyal purchases, including the airline as well as those with hotel and car rental partners. Capital One offers the double rewards on every purchase, plus offers five miles on hotel and rental car bookings through Capital One Travel.

    If you’re in search of bonus rewards, the Capital One credit card has a nice welcome offer: Earn 50,000 bonus miles when you spend $4,500 in the first three months of your account opening. card_name earns 60,000 points after you spend $3,000 on purchases in the first three months your account is open. The Southwest points are worth differing amounts depending on when and where you travel.

    One other thing worth noting, the CardName offers up to a $100 reimbursement for one Global Entry or TSA PreCheck® application fee.

    Neither card has expiration dates on rewards and both charge an annual fee. If you’re loyal to Southwest Airlines, go with Chase; if you’re just looking for the better deal and don’t care about brands, the Capital One option may be a better fit.

    card_name vs. CardName

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    Both the Southwest card and the CardName offer higher point earnings for travel purchases, but the American Express card definitely kicks it up a notch. American Express is a CardRatings advertiser.

    To start, the CardName offers new cardholders the opportunity to earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases within the first three months of opening an account. It also offers 4X Membership Rewards points on the two categories where your business spends the most (each billing cycle) from six eligible categories. While your top two categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top two categories each billing cycle will count towards the $150,000 cap. Additionally, earn 3X Membership Rewards points on flights and prepaid hotels booked on amextravel.com using your Business Gold card. You also get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.

    There is also access expense management tools: Connect to Quickbooks, access the American Express® Business App, receive a Year-End Summary, and more.

    This all sounds great, and it is, but you also need to consider where your needs actually are. If you know you prefer to fly Southwest Airlines, you’ll benefit a great deal from the Southwest card and you’ll be paying a much lower annual fee to do it. The annual fee is AnnualFees for the CardName. See Rates and Fees

    If, however, you’re a big spender business owner who will max out those bonus categories each year, the American Express card could be the way to go.

    Is the card_name a good card?

    The best applicant for the CardName is a person who travels using Southwest Airlines often and knows they will spend enough to earn that coveted Southwest Companion Pass. If you are a frequent business traveler, or require employee business travel, you are also well-suited for this card. It won’t take long to achieve the thresholds needed for some very attractive perks. Internationally or domestically, there are few fees and plenty of miles to earn.

    Frequently asked questions

    The card_name requires a good to excellent credit score. This typically means a FICO score of at least 700 or higher. However, credit card issuers may also consider various factors beyond just your credit score, such as your income, debt-to-income ratio, and overall credit history.
    The card_name charges a annual_fees annual fee.

    Our Methodology

    Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to “How likely are you to recommend this card to a friend, coworker or family member?” was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.

    Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.


    This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.


    See Rates and Fees of the CardName.

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