Underrated Reasons Why You Need a Southwest Rapid Rewards Performance Business Card

This card can make your flying experience better with Wi-Fi credits, upgraded boarding and a path to elite status.
Oct 26, 2020
Underrated Reasons Why You Need a Southwest Rapid Rewards Performance Business Credit Card

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With the Southwest® Rapid Rewards® Performance Business Credit Card, business owners not only earn valuable Rapid Rewards points redeemable for flights, but they get lots of other perks that can save money and time. Plus, travelers who want to earn Southwest A-List status or the famous Southwest Companion Pass can accelerate the process with this business credit card. Here are a few of the most well-known benefits of the Southwest® Rapid Rewards® Performance Business Credit Card, followed by the underrated reasons.

The well-known reasons

  • Welcome bonus: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months. NerdWallet values Southwest points at 1.4 cents each.

  • Bonus points on purchases: Earn 4 points per $1 spent on Southwest purchases. Earn 3 points per $1 spent on Rapid Rewards hotel and car rental partners. Earn 2 points per $1 spent on local transit and commuting, including rideshares. Earn 2 points per $1 spent on social media and search engine advertising, internet, cable, and phone services. Earn 1 point per $1 spent on all other purchases.

  • Anniversary points: Each year that you renew your credit card, you'll receive 9,000 Rapid Rewards points on your account anniversary toward a future award flight. This anniversary bonus is worth about $144 in travel.

Underrated reasons

Four Upgraded Boardings each year

With the four Upgraded Boardings that come with this card, you can upgrade your ticket to be one of the first passengers allowed onto your Southwest flight. Your boarding pass will be upgraded to A1 to A15 boarding position, when available. Normally, this costs $30 to $50 depending upon your flight. Four Upgraded Boardings per year can save you up to $200. That alone can offset the card’s $199 annual fee.

Up to 365 in-flight Wi-Fi credits

While flying on Southwest flights, simply use your Southwest® Rapid Rewards® Performance Business Credit Card to pay for in-flight Wi-Fi and you'll receive a statement credit of $8 to offset the charge. Cardholders receive up to 365 in-flight credits each year, which is a potential maximum savings of $2,920.

Earn Tier-Qualifying Points toward A-List status

Frequent travelers know that elite status provides valuable benefits. Cardholders can earn up to 15,000 Tier Qualifying Points toward A-List and A-List Preferred status based on their spending. For every $10,000 you spend each year, you'll receive 1,500 TQPs. A-List status requires 35,000 TQPs, and there's no limit to the amount of TQPs you can earn through this benefit.

Global Entry or TSA Precheck credit

If you fly with regularity, you know that Global Entry and TSA Precheck are nice perks to have at the airport. Both save you time and reduce the hassle of going through airport security, and Global Entry speeds you through the U.S. Customs process on your return from an international flight.

Cardholders receive up to $100 in reimbursement when using the Southwest® Rapid Rewards® Performance Business Credit Card to pay for the application fees for either of these programs. This benefit can be used once every four years. If you already have Global Entry or TSA Precheck, you can use the credit to pay for somebody else's application fees.

Up to $500 in statement credit for points transfer fees

If you use your card to transfer your Rapid Rewards points to another Southwest loyalty program member, you'll usually have to pay a transfer fee. However, holders of the Southwest® Rapid Rewards® Performance Business Credit Card will be reimbursed up to $500, in the form of statement credits, each anniversary year.

Travel coverage

When flying on tickets purchased with this card, you'll enjoy travel coverage for your bags. Lost luggage reimbursement covers you for up to $3,000 per passenger when your checked or carry-on bag is damaged or lost by the airline.

If your bags are delayed over six hours, you can also receive up to $100 per day for up to three days to purchase necessary items.

Purchase protection

When making purchases with the Southwest® Rapid Rewards® Performance Business Credit Card, eligible items receive additional protection as well. Manufacturer warranties of three years or less will be extended by one year. Plus, new purchases are covered against damage or theft for 120 days after the transaction date. There is a maximum of $10,000 per claim and $50,000 per account.

No foreign transaction fees

When making international purchases, there are no foreign transaction fees. Some banks charge up to 3% of the purchase amount, which can really add up during your vacation.

No charge for employee cards

Business owners can add employees to their accounts at no additional charge. This makes tracking their business purchases easier and allows the business owner to earn Rapid Reward points on employee spending. Additionally, employees can take advantage of the business credit card benefits, like travel coverage, purchase protection, no foreign transaction fees and Wi-Fi credits.

The bottom line

The welcome bonus and anniversary points are the most eye-catching benefits of the Southwest® Rapid Rewards® Performance Business Credit Card. But once you start using the underrated benefits, like upgraded boarding and Wi-Fi credits, you'll realize that this small business credit card is a keeper.

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:

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