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.
If you own a small business and regularly fly on Southwest Airlines, the Southwest® Rapid Rewards® Premier Business Credit Card could be a good fit for your needs. While many people know about the card’s 2x points per dollar and other common benefits, there are several underrated reasons this Southwest business credit card could be right for you. Keep reading to learn more about top benefits from this Southwest business credit card.
The well-known reasons
These are some of the better-known benefits of the Southwest® Rapid Rewards® Premier Business Credit Card:
Earn Rapid Rewards points for every dollar you spend: Get 3x points per dollar on flights purchased from Southwest and 2x points on Southwest’s hotel and rental car partners and on rideshares. Get 1x everywhere else.
Anniversary bonus points: Every year after your cardmember anniversary, you get 6,000 anniversary points. Points are worth about 1.4 cents each, allowing you to be well on your way to making up the $99 annual fee.
No foreign transaction fee: You can use this card for purchases outside of the United States and won’t have to pay a foreign transaction fee (upwards of 3%).
Credit toward a Southwest Companion Pass
With a Southwest Companion Pass, you can bring a designated friend or family member with you on any Southwest flight with an available seat while just paying taxes and fees starting at $5.60 each way. That can be worth thousands of dollars per year depending on how much you travel.
To earn a companion pass, you must accumulate 125,000 Companion Pass qualifying points or fly 100 segments in a year. Points earned with the Southwest® Rapid Rewards® Premier Business Credit Card count toward the 125,000-point requirement, helping you earn a Companion Pass faster mainly thanks to the welcome bonus: Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
Fast track to A-List status
Premium A-List status at Southwest Airlines comes with priority boarding, priority check-in and security lines, same-day standby and other perks. With this card, you can earn unlimited A-List tier qualifying points at a rate of 1,500 tier qualifying points for every $10,000 spent. With 35,000 points or 25 one-way flights per calendar year, you get A-List status.
Travel insurance and protections
This is a premium, Visa-branded card that includes benefits like rental car coverage, lost luggage reimbursement, baggage delay insurance and travel accident insurance. These benefits, administered by Visa under the Visa Signature or Visa Platinum benefits programs, can be very valuable if something goes wrong when you’re traveling.
Use the Southwest® Rapid Rewards® Premier Business Credit Card to pay for merchandise and your purchase is covered for accidental damage or theft for 120 days, up to $10,000 per claim and $50,000 per account. The card also offers an automatic extension of eligible manufacturer’s warranties of three years or less. If you drop your new cell phone or your computer breaks the day after the warranty expires, you’ll be glad you have these benefits to fall back on.
Redeem rewards with no blackout dates or restrictions
Southwest Rapid Rewards are among the easiest travel rewards to use. While some airlines block certain dates or put a limit on the number of reward seats per flight, Southwest gives you a somewhat fixed rate per point, and you can use those points for any flight — even on the busiest travel days of the year.
The bottom line
The Southwest® Rapid Rewards® Premier Business Credit Card is a good choice for many small-business owners. Thanks to well-known benefits like travel rewards points and lesser-known benefits like travel insurance, this card packs a lot of value. If you’re on the hunt for a new business airline rewards credit card, this one is definitely worth considering.
If you can handle a larger annual fee, consider the Southwest® Rapid Rewards® Performance Business Credit Card and its larger sign-up bonus: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months.
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 2022, including those best for:
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Bank of America® Travel Rewards credit card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card