Best Business Credit Cards

Southwest® Rapid Rewards® Premier Business Credit Card Review: A Loyalty Booster for Business Flyers

Earn more Southwest® points for business spending with anniversary bonuses and no foreign fees.

Rickie C. Keys, Ph.D., MPH

Mar 31, 2024 — 1 min read

Features

Annual Fee: $99, a moderate cost for frequent flyers.
Sign-up Bonus: Earn 60,000 points after spending $3,000 in the first 3 months.
Rewards Rate: 3X points on Southwest® purchases; 2X on Rapid Rewards® hotel and car partners, local transit, and commuting; and 1X on all other purchases.
Anniversary Bonus: 6,000 points for each card member's anniversary, helping offset the annual fee.
A-List Status Path: Earn tier qualifying points towards A-List status with each purchase.

Benefits

Generous Welcome Offer: The sign-up bonus is substantial, providing a significant boost towards flight rewards or even a Companion Pass.
Rewards on Every Purchase: Every dollar spent earns points, with enhanced rates for Southwest® and partner purchases.
No Foreign Transaction Fees: Ideal for international travel without extra charges.
Travel Protections: Includes baggage delay insurance, lost luggage insurance, and more for peace of mind.

Drawbacks

Annual Fee: While justified by the benefits, the $99 fee is a consideration for budget-conscious businesses.
Limited Flexibility: Rewards are most valuable when used for Southwest® flights, limiting versatility compared to general travel cards.
High APR: The variable APR might be costly for those carrying a balance.

Product Summary

The Southwest® Rapid Rewards® Premier Business Credit Card is a compelling option for small business owners who prefer Southwest Airlines. The card's robust rewards program makes every business expense more rewarding and opens the door to valuable travel perks and status within the Rapid Rewards® program. The annual bonus points offer a tangible return that can help balance the cost of the annual fee, making it a worthwhile investment for loyal Southwest® customers. However, those seeking flexibility in redeeming rewards or being sensitive to annual fees might explore other options. This card is a strong contender for businesses aligned with Southwest's® network and looking to maximize their travel benefits.

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