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Southwest® Rapid Rewards® Premier Business Credit Card Review: Travel Value with a Modest Fee

Content was accurate at the time of publication.
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3.4
Southwest<sup>®</sup> Rapid Rewards<sup>®</sup> Premier Business Credit Card
Sign-Up Bonus
Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
Extra Perks
Select a Standard or Preferred seat within 48 hours prior to departure, when available.* Cardmembers and up to 8 passengers in the same reservation will board with Group 5 giving them earlier access to overhead bins.*
Rewards Rate
Receive 6,000 anniversary points each year. Enjoy benefits including 3X points on Southwest Airlines® purchases, First checked bag free, 10,000 Companion Pass® qualifying points boost each year, and more.

Key takeaway

The Southwest® Rapid Rewards® Premier Business Credit Card is a good card for business owners who like to fly Southwest and aren’t looking to pay a huge annual fee. It comes with decent airline benefits, but not as many as some other Southwest cards.

Pros and cons

  • Large sign-up bonus
  • Bonus rewards on a variety of purchases
  • Points are valuable and easy to redeem
  • First checked bag free
  • Complimentary preferred seating and priority boarding for flights in 2026
  • Anniversary bonus
  • Helps earn the Southwest Companion Pass
  • Elite status boost
  • Annual fee
  • Underwhelming perks compared to similar airline cards
  • Modest rewards on non-travel purchases
  • Limited redemption options

Is the Southwest® Rapid Rewards® Premier Business Credit Card worth it?

If you’re running a business and find yourself flying on Southwest Airlines routinely, the Southwest® Rapid Rewards® Premier Business Credit Card could be a good card for you. Its free checked bag benefit and the ability to pick your seat free of charge 48 hours before the flight can be worth the reasonable $149 annual fee. You’ll also get a large sign-up bonus, 6,000 bonus points each year after your Cardmember anniversary, 3X points on Southwest Airlines purchases, and other Southwest benefits like Group 5 boarding.

It may be your best bet between the two Southwest business cards, since it has many of the same benefits as the Southwest® Rapid Rewards® Performance Business Credit Card for a lower annual fee.

However, it’s light on perks compared to similar airline cards. For an even lower annual fee and more flexibility, consider the Ink Business Preferred® Credit Card. You can use this card to transfer valuable Chase Ultimate Rewards® points to Southwest, among other airline and hotel partners.

Changes in 2026: Along with a higher annual fee, the Southwest® Rapid Rewards® Premier Business Credit Card is introducing new benefits, including complimentary checked bags. Also, some perks are no longer available in 2026:

  • Two EarlyBird Check-Ins
  • $500 fee credit for point transfers

Quick facts

Annual fee: $149

Regular purchase APR: 19.99% - 28.49% Variable

Foreign transaction fee: $0

Sign-up bonus: Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.

Rewards: 3X points

  • Receive 6,000 anniversary points each year
  • Earn 3X points on Southwest Airlines® purchases
  • First checked bag free
  • 10,000 Companion Pass® qualifying points boost each year, and more

Other benefits:

  • First checked bag free for you and up to eight additional passengers on the same reservation
  • Complimentary Preferred or Standard seat up to 48 hours before departure when available for flights in 2026
  • Group 5 boarding for you and up to eight additional passengers on the same reservation for flights in 2026
  • 6,000 anniversary points each year after your cardmember anniversary
  • 2,000 tier qualifying points (TQPs) toward A-List status for every $5,000 spent
  • 15% flight discount each year on your cardmember anniversary (excludes basic fare)
  • 25% back on in-flight purchases

Recommended credit: Excellent

Southwest® Rapid Rewards® Premier Business Credit Card benefits

  • Large sign-up bonus

    Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open. This is a fairly large sign-up bonus for an airline card and can help you get far on Southwest Airlines with an estimated value of $840* when redeemed for flights.

    For example, we found a round-trip Basic fare from New York to Dallas for just 21,000 points — so it’s possible to squeeze in multiple round trips for free with the sign-up bonus**.

    It can also help you earn the Southwest Companion Pass (more on that below).

    *According to LendingTree’s value methodology

    **Dates are subject to change.

  • Bonus rewards on a variety of purchases

    The Southwest® Rapid Rewards® Premier Business Credit Card lets cardholders receive 6,000 anniversary points each year. Enjoy benefits including 3X points on Southwest Airlines® purchases, First checked bag free, 10,000 Companion Pass® qualifying points boost each year, and more.

    The 3X rate covers Southwest Airlines flights, in-flight purchases, Southwest gift cards, Southwest Vacations® packages and Getaways by SouthwestTM packages. The Southwest® Rapid Rewards® Premier Business Credit Card offers a slightly higher rate on this category, but the rate on other purchases is the same, making the cards almost equal on point earnings.

    Tip: If you want to pay a lower annual fee but enjoy the same earning rate on Southwest purchases, the Ink Business Preferred® Credit Card could be a good choice for you. It has no Southwest-specific benefits but more travel partners (including Southwest) and a $95 annual fee.

  • Points are valuable and easy to redeem

    Southwest Rapid Rewards points are more valuable than the average rewards point and Southwest makes them simple to redeem. There are no blackout dates, and you can redeem points for most Southwest flights with seats available. You’ll get a reliable value of around 1.4 cent per point for Basic fares. Also, Southwest has a flexible cancellation policy and will fully refund your points if you need to cancel.

    *According to LendingTree’s value methodology

     Learn more about the Southwest Rapid Rewards Program

  • First checked bag free

    You and up to eight additional passengers on your reservation can get your first checked bags free. Each bag costs $35 per trip — so if you take a round trip with just one other person, you’ll have saved $140. That’s nearly enough to cover the annual fee alone. With the card’s other benefits, you can easily recoup the annual fee and then some.

  • Southwest perks

    The Southwest® Rapid Rewards® Premier Business Credit Card comes with several airline-specific perks, including:

    • Complimentary standard or Preferred seat up to 48 hours before departure (for flights in 2026)
    • Group 5 boarding for cardmembers and up to eight passengers in the same reservation (for flights in 2026)
    • 15% flight discount each year on your cardmember anniversary (excludes basic fare)
    • 25% back on in-flight purchases

    Perks like Preferred seats and Group 5 boarding usually come with A-List —  the Southwest® Rapid Rewards® Premier Business Credit Card lets you enjoy some of those benefits right away.

  • Anniversary bonus

    Receive 6,000 bonus points each year after your account anniversary. This bonus — which is worth around $84* by our estimates — can cover over half of your annual fee each year.

    *Based on LendingTree’s value methodology

  • Helps earn the Southwest companion pass

    The Southwest® Rapid Rewards® Premier Business Credit Card can help you earn the highly coveted Southwest Companion Pass. This allows a designated person to fly with you at no cost (except taxes and fees) each time you purchase or redeem points for a Southwest flight for the following full calendar year, plus the remainder of the year in which you earned it.

    To qualify for the Companion Pass, you must earn 135,000 points or take 100 one-way flights in a calendar year. All the points that you earn with the Southwest® Rapid Rewards® Premier Business Credit Card — including its sign-up bonus — count toward the pass. You can also combine the bonus on this card with the bonus from a personal Southwest card, like the Southwest Rapid Rewards® Premier Credit Card, to more easily earn the pass.

  • Elite status boost

    The card can help you spend your way to A-list status with Southwest Airlines with unlimited Tier Qualifying Points (TQPs). You’ll earn 2,000 tier-qualifying points for every $5,000 you spend on your card. A-list status gives you:

    • Priority boarding
    • Complimentary preferred or Standard seat at the time of booking when available, plus an Extra Legroom seat within 48 hours of departure when available at no extra charge
    • First checked bag free, second checked bag $35
    • 25% earning bonus
    • Same-day change with no change in base fare, depending on availability
    • Priority and express lanes at Southwest check-in counters and airport security checkpoints
    Tip: Most of the additional perks offered by the Southwest® Rapid Rewards® Performance Business Credit Card are covered by A-list status. You can avoid paying the higher annual fee for that card by earning A-list status with your Southwest® Rapid Rewards® Premier Business Credit Card.

Southwest® Rapid Rewards® Premier Business Credit Card drawbacks

  • Annual fee

    The Southwest® Rapid Rewards® Premier Business Credit Card comes with a $149 annual fee. While you can earn this back if you fly with Southwest enough and use perks like free checked bags, you can find cards with similar annual fees and more benefits.

    For example, the Delta SkyMiles® Gold Business American Express Card has a $0 introductory annual fee for the first year, then $150 (see rates & fees). It offers several credits, including a $200 Delta flight credit after you spend $10,000 in a year with the card and an up to $150 Delta Stays credit, while the Southwest® Rapid Rewards® Premier Business Credit Card does not.

  • Modest rewards on non-travel purchases

    The Southwest® Rapid Rewards® Premier Business Credit Card only offers 1 point per $1 spent in other popular business spending categories, such as dining, office supplies and wireless services.

     Discover more business travel credit cards 

  • Limited redemption options

    If you prefer to fly many different airlines, or if you’re seeking to earn rewards for an international trip, this is not the card for you. You’re restricted to redeeming points on Southwest Airlines if you want to get a good return on them. And while Southwest has a great domestic flight network, its international routes are limited with only two airline partners: Icelandair and China Airlines.

    For more flexible options, you’re better off with a general travel card, like the Ink Business Preferred® Credit Card, that lets you redeem points for travel on any airline.

  • No intro APR

    If you want to finance business and travel expenses and pay them off over time, the Southwest® Rapid Rewards® Premier Business Credit Card may not be ideal, since it doesn’t offer a 0% intro APR on purchases.

    If you’re looking for a business card with a long intro APR, the Ink Business Cash® Credit Card (see rates & fees) is a good choice. You can access a 0% Intro APR on Purchases for 12 months, then a 17.49% - 25.49% Variable APR.

Southwest® Rapid Rewards® Premier Business Credit Card vs. Southwest® Rapid Rewards® Performance Business Credit Card

For a higher annual fee of $299, the Southwest® Rapid Rewards® Performance Business Credit Card offers a higher rewards rate on Southwest flights, an anniversary bonus of 9,000 points and a Global Entry/NEXUS/TSA PreCheck® credit. However, it doesn’t have many other exclusive benefits beyond extra tier qualifying points (TQPs) and complimentary seat upgrades.

If those are important perks to you, the Southwest® Rapid Rewards® Performance Business Credit Card could be a good fit. If not, you could get just about the same value from the Southwest® Rapid Rewards® Premier Business Credit Card for a lower annual fee.

Southwest® Rapid Rewards® Premier Business Credit CardSouthwest® Rapid Rewards® Performance Business Credit Card
Annual fee$149$299
Rewards rate3X points
Receive 6,000 anniversary points each year. Enjoy benefits including 3X points on Southwest Airlines® purchases, First checked bag free, 10,000 Companion Pass® qualifying points boost each year, and more.
1X - 4X points
Earn 4 points per $1 spent on Southwest® purchases. Earn 2 points per $1 spent on gas station and restaurant purchases. Earn 2 points per $1 spent on hotel accommodations booked directly with the hotel. Earn 2 points per $1 spent on local transit and commuting, including rideshare. Earn 1 point per $1 spent on all other purchases.
Sign-up bonus60,000 points Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open. 80,000 points Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
Anniversary points6,0009,000
Upgrade to extra legroom seatN/A48 hours before departure
Complimentary seat assignmentUp to 48 hours before departureAt booking
Tier qualifying points2,000 for every $5,000 spent2,500 for every $5,000 spent
Other benefits
  • First checked bag free
  • Group 5 boarding
  • 10,000 Companion Pass qualifying points every year
  • 25% back on in-flight purchases
  • 15% promo code on your anniversary
  • First checked bag free
  • Group 5 boarding
  • 10,000 Companion Pass qualifying points every year
  • 25% back on in-flight purchases
  • Global Entry, TSA PreCheck® or Nexus fee credit

Alternative business travel cards

Southwest® Rapid Rewards® Premier Business Credit Card vs. Capital One Spark Miles for Business

| Disclosures
Capital One Spark Miles for Business
Capital One Spark Miles for Business
N/A
24.99% (Variable)
$0 intro for first year; $95 after that
2 Miles per $1 on every purchase, everywhere; 5 Miles per dollar
  • Click APPLY NOW to apply online.
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One's travel booking site
  • Transfer your miles to 15+ travel loyalty programs
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases
  • For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
  • Rates & Fees
660 720 850
Good / Excellent
How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


If you aren’t loyal to Southwest Airlines and want more flexibility on redeeming your miles, you may want to look at the Capital One Spark Miles for Business. You can earn a solid sign-up bonus and a valuable flat rewards rate.

Miles can be redeemed for a variety of travel-related purchases, including flights and hotels. Or you can transfer miles to more than 15 travel partners, including Air France and Emirates Skywards.

While the Southwest® Rapid Rewards® Premier Business Credit Card offers a slightly larger sign-up bonus, the Capital One Spark Miles for Business allows you to earn more miles per dollar spent on general purchases. Additionally, because the Capital One Spark Miles for Business comes with an annual fee of $0 intro for first year; $95 after that, you can try out the card.


Southwest® Rapid Rewards® Premier Business Credit Card vs. Ink Business Preferred® Credit Card

| Disclosures
Ink Business Preferred® Credit Card*
Ink Business Preferred® Credit Card
N/A
20.24% - 26.24% Variable
$95
Earn 3 points per $1 on the first $150,000 spent in combined
  • Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • Round-the-clock monitoring for unusual credit card purchases
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
  • Points are worth more when you redeem for travel through Chase Travel℠
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • Member FDIC
720 850
Excellent
*The information related to the Ink Business Preferred® Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply
How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


The Ink Business Preferred® Credit Card is a better choice for travelers who are looking for flexible rewards. Instead of being limited to redeeming points for Southwest flights, you can transfer your points to Chase’s many airline partners, including Southwest, at a higher value.

The Ink Business Preferred® Credit Card also comes with a valuable rewards rate on several types of business purchases. However, it doesn’t offer airline-specific benefits. If you solely fly with Southwest and want perks like the Southwest Companion pass, then the Southwest® Rapid Rewards® Premier Business Credit Card could be a better fit.

Is the Southwest® Rapid Rewards® Premier Business Credit Card right for you?

If you regularly travel for business on Southwest Airlines, the Southwest® Rapid Rewards® Premier Business Credit Card could be a good option. You can earn a generous sign-up bonus and annual bonus — which can help get you that much closer to earning the Southwest Companion Pass.

But if you’d prefer more flexibility in where you can use your travel rewards, the Capital One Spark Miles for Business or Ink Business Preferred® Credit Card might be better cards for you. With both cards, you can transfer rewards to many other airlines for a better value.

How we rate travel credit cards

We take a comprehensive, data-driven approach to identify the best travel credit cards. We use an objective rating and ranking system that evaluates over 200 credit cards from more than 50 issuers. All recommendations are made by LendingTree’s editorial team, completely independent of affiliate partnerships or compensation. Every card is selected based on its merit and ability to help people achieve their financial goals. We use the following criteria to make our picks:

  • Average value over two years (80% of rating): We calculate the value of rewards and perks for the average cardholder using U.S. Bureau of Labor Statistics data and an annual spend of $20,000, minus the annual fee. This value includes the card’s sign-up bonus, annual bonus (including free night certificates) and travel perks like lounge access and travel credits. We look at the average rewards earned over two years to balance out a card’s ongoing value with its first-year value.
  • Flexibility of rewards (15% of rating): We consider how easy the rewards are to use, looking at factors like expiration dates, minimum thresholds to redeem, blackout dates and the availability of flexible redemption options like travel statement credits and cash back.
  • Other features (5% of rating): We also compare a card’s benefits, such as purchase protections, travel protections and elite status benefits against benefits from other cards.

To see rates & fees for American Express cards mentioned on this page, visit the links provided below:

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

The information related to the Southwest® Rapid Rewards® Premier Business Credit Card, Southwest® Rapid Rewards® Performance Business Credit Card, Ink Business Preferred® Credit Card and Southwest Rapid Rewards® Premier Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.