How to Maximize the Southwest Rapid Rewards Premier Business Credit Card

To get the most from this card, you should take advantage of Rapid Rewards earnings and travel protections.
Eric RosenbergOct 20, 2021
How to get the most from the Southwest Rapid Rewards Premier Business Credit Card

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Southwest Airlines takes top honors for customer satisfaction, making its Rapid Rewards loyalty program a good choice for small-business owners looking to earn rewards. The Southwest® Rapid Rewards® Premier Business Credit Card can help business owners accumulate points toward free travel even faster. If you are a cardholder or are considering getting this card, here’s how to get the best value from it.

Earn Rapid Rewards points through everyday spending

The Southwest® Rapid Rewards® Premier Business Credit Card pays you 3 points per dollar spent with Southwest Airlines and 2 points per dollar spent with its hotel and rental car partners. You'll also get 2 points per dollar on rideshare spending and 1 point per dollar spent everywhere else. There’s no limit to the number of points you can earn. Every year after you pay the card’s $99 annual fee, you’ll earn 6,000 bonus points.

The card also gives you the opportunity to earn unlimited tier-qualifying points, or TQPs, toward A-List status every calendar year. If you reach the A-List, you get priority boarding and check-in, bonus Rapid Rewards points on Southwest flights and other perks. If you're feeling impatient, though, the card does come with two EarlyBird Check-In® allowances per year, which will get you similar benefits to the priority boarding that comes with A-List status.

Redeem points for Southwest flights

Southwest Rapid Rewards points can be redeemed for flights, hotel stays, rental cars, gift cards and merchandise. But you’ll get the most value if you use them for flights on Southwest. The airline flies to over 90 destinations around the U.S. and internationally. When you use your points to book a flight, you can expect an average value of 1.4 cents per point — which is among the highest of all the major airlines.

Take advantage of travel protections

The Southwest® Rapid Rewards® Premier Business Credit Card comes with extensive benefits that protect you when traveling. Get to know these travel protections so you can make the most of them.

  • Rental car insurance: The auto rental collision damage waiver benefit allows you to decline the rental company’s insurance that often costs around $10 to $20 per day. If you use this benefit for five to 10 days of rentals per year, you’ve covered the annual fee with this benefit alone.

  • Lost luggage reimbursement: If your bags are lost while in care of a major airline, cruise line, railway line or bus service, the card benefits reimburse you for up to $3,000 per passenger.

  • Baggage delay insurance: If you make it to your destination but your bags don’t get there at the same time, your card benefits will provide up to $100 per day for three days.

  • Travel accident insurance: Hopefully you’ll never need it, but this card comes with up to $500,000 in death and dismemberment insurance for trips you pay for with the card.

  • Roadside dispatch: This offers similar protection to AAA but without the membership fee. If you ever need a tow, tire change, lockout service, winching or gas delivery, just call the 800 number provided.

  • No foreign transaction fees: When you’re traveling abroad or making a purchase from outside of the United States, the card doesn’t charge foreign transaction fees. This can save around 3% on international purchases.

Protect your purchases by paying with the card

Whether you buy at a store or order online, paying for merchandise with the Southwest® Rapid Rewards® Premier Business Credit Card gives you these added protections.

  • Purchase protection: Covers new purchases against damage or theft for the first 120 days. Limits of $10,000 per claim and $50,000 per account apply.

  • Extended warranty protection: Get an additional year of warranty coverage on top of eligible manufacturer’s warranties of up to three years.

The bottom line

Like any airline credit card, the Southwest® Rapid Rewards® Premier Business Credit Card rewards you most when you use it strategically. Business owners who use the card for everyday purchases, take advantage of its travel protections and use their points to book Southwest flights will enjoy benefits worth well over the $99 annual fee.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.