Looking for a credit card that offers valuable rewards for your business travel expenses? The Southwest® Rapid Rewards® Premier Business Credit Card might be just what you need.
Overview of Southwest® Rapid Rewards® Premier Business Credit Card
This card offers several perks and benefits designed for business owners who travel frequently. Here are the key details:
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Annual Fee: $99
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Regular APR: 20.74%-27.74% Variable APR
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Intro APR: N/A
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Recommended Credit Score: Good - Excellent
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Sign-Up Bonus: Earn 60,000 points after spending $3,000 on purchases in the first 3 months from account opening.
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Anniversary Bonus: 6,000 points each year
Pros and Cons of Southwest® Rapid Rewards® Premier Business Credit Card
Understanding the advantages and disadvantages can help you decide if this card is right for you.
Pros
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Anniversary perk: 6,000 points each year.
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No reward caps: Earn as many points as you can.
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Generous sign-up bonus: 60,000 points available.
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Multiple earning categories: Earn points on travel, hotel, car rentals, and rideshare.
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No foreign transaction fees: Save money on international purchases.
Cons
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Has annual fee: $99 each year.
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Rewards have limited flexibility: Best for frequent Southwest travelers.
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Earnings rate on regular purchases: Only 1 point per dollar spent.
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Limited flight network: Southwest's destinations are mostly within the U.S., Mexico, and the Caribbean.
Everything Southwest® Rapid Rewards® Premier Business Credit Card Can Do For You
The Southwest® Rapid Rewards® Premier Business Credit Card offers a range of benefits that can enhance your travel experience and save your business money.
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3X points on Southwest Airlines® purchases: For every dollar you spend on Southwest flights, you'll earn 3 points.
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2X points on hotel and car rentals with Rapid Rewards partners: Earn double points for travel-related expenses.
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2X points on rideshare: Earn while you travel locally.
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1X points on all other purchases: Earn points on everyday business expenses.
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Travel benefits: No foreign transaction fees, travel accident insurance, lost luggage reimbursement, and travel and emergency services.
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Purchase protection: Extended warranties and purchase protection on items bought with the card.
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Employee cards at no additional cost: Earn points on employee spending without extra fees.
Unique Benefits of Southwest® Rapid Rewards® Premier Business Credit Card
This card stands out with its unique features that cater specifically to frequent Southwest travelers.
Anniversary Bonus:
Each year, you'll receive 6,000 bonus points on your cardmember anniversary. This perk adds significant value, nearly covering the annual fee. For instance, these points can often be enough for a one-way domestic flight, helping offset travel costs and making it easier to justify the annual fee.
Companion Pass Qualification:
The sign-up bonus helps you qualify for the Southwest Companion Pass. After earning 135,000 points in a calendar year, you can bring a companion for free on any Southwest flight, regardless of whether you pay with cash or points. This benefit can save you thousands of dollars in airfare, making your travel budget go further and allowing you to take a business partner, friend, or family member along for free.
No Foreign Transaction Fees:
Travel abroad without worrying about extra charges on your purchases. This benefit makes international business trips more cost-effective by eliminating the typical 3% fee on purchases made outside the U.S. For example, if you spend $5,000 on a business trip to Europe, you save $150 in fees alone, making this card ideal for frequent international travelers.
Travel Protections
Enjoy peace of mind with a suite of travel protections, including secondary car rental insurance, lost luggage reimbursement, and travel accident insurance. These protections save you from unexpected expenses and hassles during your travels. For instance, if your rental car gets damaged, the card's insurance can cover the repair costs, and if your luggage is lost, you'll be reimbursed for the cost of replacing essential items.
EarlyBird Check-In
The card includes two EarlyBird Check-Ins each year. This perk checks you in automatically 36 hours before your flight, improving your chances of getting a preferred seat and ensuring a smoother boarding process. This is especially useful for busy professionals who want to avoid the hassle of last-minute check-ins and secure better seating options.
Things to Look Out For
While the Southwest® Rapid Rewards® Premier Business Credit Card offers many benefits, it may not be the best fit for everyone.
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Limited flight network: Southwest Airlines doesn't fly to all international destinations.
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Annual fee: Some business owners may prefer a no-fee card.
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Rewards flexibility: Points are best used for Southwest flights, limiting options for non-frequent Southwest travelers.
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Earnings rate on non-travel purchases: Only 1 point per dollar spent on everyday expenses.
Conclusion
The Southwest® Rapid Rewards® Premier Business Credit Card is an excellent option for business owners who frequently travel with Southwest Airlines. Its generous sign-up bonus, anniversary points, and travel benefits make it a valuable addition to your wallet. However, its limited flight network and annual fee may not be ideal for everyone. If you’re a frequent Southwest traveler looking for a card that offers substantial rewards and travel perks, this card is worth considering.
Learn more about how the Southwest® Rapid Rewards® Premier Business Credit Card can benefit your business and start earning rewards today.
Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed or approved by any of these entities.
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