Chase and Southwest have just launched a 2nd business credit card, the Southwest Rapid Rewards Performance Business Card.

Southwest Rapid Rewards Performance Business Card

80,000 points after $5,000 spend in 3 months

Learn more

Key highlights of this card include:

  • 80,000 signup bonus after $5,000 in spend in the first 3 months.
  • 3x for every $1 in spend on Southwest purchases
  • 2x for every $1 in spend on social media and search engine advertising, as well as internet, cable and phone services.
  • 1x for every $1 in spend on all other purchases.
  •  4 Upgraded boardings per year
  •  Inflight Wifi Credits – (up to a total of 365 $8 credits per year for all WiFi transactions!).
  • $100 towards Global Entry or TSA PreCheck every 4 years
  • 9,000 bonus points on each cardholder anniversary

This card does have an annual fee of $199, but the best part is that if you’re a current cardholder of the Southwest Rapid Rewards Premier Business Credit Card, you’re not excluded from opening this card and receiving the bonus.

What This Means for Southwest Companion Pass

Just like all Southwest Credit Cards, the points earned on this card count towards earning a Companion Pass, so after meeting the minimum spend on this card, you’ll be at a minimum of 85,000 of the required 110,000 points, giving you quite a jumpstart on earning the Companion Pass.

Which also means that this card could be paired with any of the Southwest personal cards (Plus, Premier, or Priority), even at their lower 40,000 point bonuses, to immediately earn a Southwest Companion Pass.

Note that the timing of doing so right now is not ideal. Once earned, Southwest Companion Pass is good for the remainder of the calendar year and the following calendar year. Meaning that if you earn it now you will only get ~16 months of use out of it.

Check out our complete guide to earning the Southwest Companion Pass for 2019 and beyond.

southwest priority card

How This Card Stacks Up Vs. Other Chase Business Cards

While this new Southwest Rapid Rewards Performance Business card is an attractive offer, it still doesn’t quite stack up to some of Chase’s other high-end business card offers in our book. The Chase Ink Preferred in particular is a better long term play, earning points that can transfer 1:1 to a handful of airlines and hotels (including Southwest) and also offering an 80,000 point bonus.

But of course you can have both cards if you like.

Bottom Line

I think we were all pretty surprised (in the best way possible) to see this card launch this morning while avoiding any rumors and speculation. And on top of that, to see that Chase did not add a restriction on current Southwest business card holders getting this card.

Overall a great day in the points & miles world!

Let us know if you apply for the card!

Southwest Rapid Rewards Performance Business Card

80,000 points after $5,000 spend in 3 months

Learn more

Disclosure: 10xTravel has partnered with CardRatings for our coverage of credit card products. 10xTravel and CardRatings may receive a commission from card issuers.

Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities. You can read our advertiser disclosure here.


Matt Brown

About the Author

Matt has been a lifelong aviation fanatic ever since he took his first flight on an airplane at just 6 weeks old. An avid traveler, Matt is always eager to go new places, and his mantra is that he can’t come home from a trip without another one booked to look forward too! His favorite destinations include Bermuda, Turks & Caicos and Australia. Matt has been writing for 10xTravel since the Fall of 2018, but...

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15 Responses to “NEW CARD ALERT: Southwest Rapid Rewards Performance Business Card”


Quentin Solomon

Does this new “Performance business card” automatically fall under Chase’s dreaded 5/24 rule for approvals?….I’m at 6/24 with at least a 760 fico on all 3 bureaus.

Michelle Warner

My mom just received the other SW business card in the mail today. Do they allow product changes (including point bonuses) that you know of since it’s a new card? The 80k points would be so much better for her!

Barry Y.

Matt,
I applied and was issued a new Chase Performance Business Visa card. When it arrived there was no mention of the 80,000 mile bonus, so I called Chase to inquire. When I mentioned I already had a Plus Business card from Southwest, they said I would NOT be eligible for the 80k bonus. Has anyone else reported a similar experience?

Matt Brown

Generally when you receive cards, they don’t include information on the signup bonus associated with it. That’s why we recommend taking a screenshot of your application for your records.

The information you were given by Chase is incorrect.

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