Southwest has introduced a brand new small business credit card: the Southwest Rapid Rewards Performance Business Card. This card comes with the highest bonus we’ve seen to date on a Southwest credit card: 80,000 points after a $5,000 minimum spend in the first three months.
The card comes with a $199 annual fee.
And good news! 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.
Plus, the 80,000 points you’ll earn DO 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 after you earn 110,000 qualifying points within ONE calendar year.
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Southwest Rapid Rewards Performance Business Card Breakdown
Here are the details about this card:
Bonus offer: 80,000 points with a $5,000 minimum spend in 3 months
Annual fee: $199
Offer end date: None
- 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.
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 qualifying points within one calendar year (Jan. 1-Dec. 31).
If you earn the 80,000 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 85,000 points toward the 110,000 you need.
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 bonus (now 40,000 points):
You can alternately earn the remaining points 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)
- 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.
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.
- 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.
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! This is a HUGE bonus and it’s available EVEN if you already have the other business card.
I love the high anniversary miles, TSA Precheck/Global Entry credit and A1-15 upgraded boardings. 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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