Southwest recently introduced a brand new small business credit card: the Southwest Rapid Rewards Performance Business Card.
And it came with the HIGHEST bonus we’ve EVER seen on a Southwest credit card: 80,000 points after a $5,000 minimum spend in the first three months. The introductory bonus has finally gone away, and Southwest is now offering this card with the same $5,000 minimum spend requirement to earn 70,000 points.
So, amazingly, the offer only dropped by 10,000 points!
This card also has a $199 annual fee.
This card grants you an opportunity to score an EASY 70,000 Southwest points that you can use to book FREE flights AND to qualify for the Southwest Companion Pass.
The Southwest Companion Pass lets one person fly FREE with you from the time you earn it until the END of the FOLLOWING year. You’ll need to earn 110,000 qualifying points within ONE calendar year by December 31, 2019 for a Companion Pass good through the end of 2020 or 125,000 qualifying points within ONE calendar year beginning January 1, 2020 by December 31, 2020 for a Companion Pass good through 2021.
More about how to take advantage of that below…
Can I Qualify for the Southwest Performance Business Card?
The good news is that ANYONE can qualify for this card EVEN if you currently have a Southwest business card or earned a bonus on another Southwest business card in the last 24 months.
The restrictions only state you can’t be approved for this card if you already hold THIS card or earned a bonus on THIS card specifically in the last 24 months.
Please note: This post contains affiliate links for which I may earn a commission if you apply for the cards after clicking through. Thanks for using the links in this post to review and apply for any credit cards. This helps support the blog, at NO COST TO YOU, so I can bring you more information like this free! You can also always use the TRAVEL CREDIT CARDS links in the main menu above (shown below) to review and apply for cards.
Southwest Rapid Rewards Performance Business Card Breakdown
Here are the details about this card:
Bonus offer: 70,000 points with a $5,000 minimum spend in 3 months
Annual fee: $199
Offer end date: Unknown
- 3 points per $1 on Southwest purchases
- 2 points per $1 on social media and search engine advertising, Internet, cable and phone services
- 1 point per $1 on all other purchases
- 9,000 anniversary points (these DO qualify for the Companion Pass)
- 4 upgraded A1-15 boardings every year (purchase with your card and then you’ll get a statement credit)
- $100 TSA PreCheck or Global Entry credit every four years
- Free WiFi by purchasing $8 WiFi and getting a statement credit (up to 365 per year)
- 1,500 tier-qualifying points for each $10,000 spend up to 15,000 for A-List and A-List Preferred elite status
Southwest says to allow up to eight weeks for the 80,000 points to post to your account after meeting the minimum spend.
Check out 7 AMAZING ideas for how to use the 70,000 points that come with this card’s bonus:
How This Card Helps You Earn the Southwest Companion Pass
The Southwest Companion Pass lets one person fly free with you from the time you earn it until the end of the following year after earning 110,000-125,000 qualifying points within one calendar year (Jan. 1-Dec. 31).
If you earn the 70,000 points on the Southwest Performance Business card by meeting the $5,000 minimum spend, you’ll also have an additional 5,000 points (if you earn 1 point per $1 spent), granting you 75,000 points toward the 110,000 you need.
Right now, you can time it so you earn your points for a 2019 Southwest Companion Pass, which is good through the end of 2020, or for a 2020 Southwest Companion Pass, which is good through the end of 2021, though you’ll need 125,000 qualifying points to get that pass per new rules.
If you complete your minimum spend BEFORE the December card close date, your 70,000+ points will count for 2019, and toward a 2019 Companion Pass.
If you complete your minimum spend AFTER the December card close date (but remember, you must complete the spend within THREE months), your 70,000+ points will count in 2020 toward a 2020 Companion Pass.
Here is more help about timing your Southwest Companion Pass for this year or next.
Once you have your 70,000+ points, you can then easily earn the remainder of your Companion Pass points by applying for any of the Southwest personal cards and earning their current bonuses (now 40,000 points) OR by applying for the Southwest Business Premier card (now 60,000 points), as you can currently hold BOTH business cards:
You can alternately earn the remaining points without another card through:
- Additional spending on any Southwest card (including this one)
- Rapid Rewards Shopping (see the best deals I post here every week)
- SouthwestHotels.com (find hotels that earn 10,000 points per night; points are generally highest a couple days before check-in)
- Rapid Rewards Dining
- Referring others to your cards
Can I Be Approved for a Business Card?
Yes! The key here is that you have an “intention” to make a profit, but you can have ANY kind of side hustle (as well as a small business) and be approved for a business card.
- Selling furniture on Facebook Marketplace
- Selling items on Ebay or Amazon
- Charging up Bird or Lime scooters
- Driving Uber or Lyft
- Renting real estate
- Mowing lawns
You can be approved as a sole proprietor, which means you operate under your social security number. I usually advise, however, getting a FREE EIN number from the IRS, which often provides the paperwork Chase will want to see with your business name (even if it’s just your name) and address together. This has been KEY for many Go to Travel Gal readers!
You may be initially DECLINED for this card. Don’t panic! I was declined for Southwest’s other business card and I’ve had a corporation for more than 15 years!
Simply call the Reconsideration Line and find out what the problem is. They may just want to see more paperwork (that’s what they needed from me; the IRS paperwork above) or you may have applied for more than 1 card in 30 days. Either way, you can still be approved!
Things to Keep in Mind When Applying for This Card
- Chase will NOT approve you if you’ve applied for more than 1 of their cards in 30 days. So wait until 30 days have passed after you last applied for a Chase card before applying for this one. Some readers have had success going to a Chase bank, if you bank with them, to bypass this 30-day rule and get approved for more than 1 card within 30 days.
- Chase will not approve you if you’ve opened 5 or more cards from ANY bank in the last 24 months (excluding Chase, Citi an AMEX business cards). To see where you fall on 5/24 (ie how many cards you’ve opened in the last 24 months), check out Travel Freely, a FREE way to manage your credit cards and track 5/24, which I highly recommend, and a Go to Travel Gal partner.
- You can hold BOTH business cards. You won’t be eligible for this card bonus only if you’ve already earned it within the past 24 months.
Otherwise, if you have good credit, you should be good! Sometimes they will decline you if you have a lot of Chase cards. If that is the case, call the Reconsideration Line and ask if they can reduce credit extended to you on other cards in order to give you some credit on this one.
If you fly Southwest frequently and have ANYTHING that can qualify as a business, grab the Southwest Rapid Rewards Performance Business card or the Southwest Rapid Rewards Premier Business card! These are nice sized bonuses that grant you easy points for free flights and that qualify for the Southwest Companion Pass.
I love the high anniversary miles, TSA Precheck/Global Entry credit and A1-15 upgraded boardings on the Performance card for just another $100/year. Together those will make back the $199 annual fee! I also like that you can earn double points on Internet, cable, phone and social media advertising similar to Chase Ink Business Preferred.
Thanks again for using the links in this post or the TRAVEL CREDIT CARDS links in the main menu of GotoTravelGal.com for your card applications!
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