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Southwest® Rapid Rewards® Performance Business Credit Card bonus: Best Southwest bonus available. Earn up to 120k points

Southwest® Rapid Rewards® Performance Business Credit Card card art
Southwest® Rapid Rewards® Performance Business Credit Card

June 27, 2024: Today Southwest and Chase announced a new welcome bonus on the Southwest® Rapid Rewards® Performance Business Credit Card card. This new bonus is the largest bonus we’ve seen since we’ve started tracking the bonus on this card.

  • Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
  • Earn an additional 40,000 points when you spend a total of $15,000 in 9 months.
  • This is a limited time offer through 9/16/24.

Here’s what you need to know about the current bonus offer on the Rapid Rewards Performance Business card.

Online welcome bonus: Up to 120k Rapid Rewards points offer.

Here’s the best bonus offer currently available online on the Southwest® Rapid Rewards® Performance Business Credit Card.

Southwest® Rapid Rewards® Performance Business Credit Card card art

Learn how to apply.
Annual fee: annual_fees

Southwest® Rapid Rewards® Performance Business Credit Card sign-up bonus

bonus_miles_full

Currently the best welcome bonus available on any Southwest Airlines credit card.

More about this card


Benefit highlights:
9,000 point account anniversary bonus.
4 upgraded boardings each year.
Up to 365 credits toward inflight WiFi each year.
Earn 1,500 tier qualifying points for every $5,000 spent on the card.
Up to $500 in fee credits for point transfers.
25% back on inflight purchases.
Lost luggage reimbursement.
Baggage delay insurance.
Extended warranty protection.
Purchase protection.
Trusted traveler credit.
No foreign transaction fees.

Rewards:
4x on Southwest purchases.
3x on Rapid Rewards® hotel and car rental partners.
2x on social medial and search engine advertising.
2x on local transit and commuting, including rideshare.
2x on internet, cable, and phone services.
1x on other purchases.
Rewards are earned as Rapid Rewards® points.

Learn more:
See this card matched up against the other Southwest credit cards in our Southwest Airlines credit card comparison.

How to use Southwest Rapid Rewards points

The Southwest Rapid Rewards points you’ll earn with the Southwest® Rapid Rewards® Performance Business Credit Card are incredibly easy to use for flights. Here’s what we like best about Rapid Rewards points:

  • You’ll get consistent value. On average, you’ll get about 1.3-1.4 cents per point of value from each of your points. (10,000 points can get you a flight with a cash price of around $130-$140.)
  • Rapid Rewards points don’t expire.
  • If you cancel your flight, you get your points back. Any Southwest flight can be canceled up to 10 minutes prior to departure. If the flight was booked with your Rapid Rewards points, the points will be returned to you account.

To use Southwest Rapid Rewards points for flights, simply select “Points” when booking any flight at Southwest.com. You can also toggle between seeing flights priced in dollars and flights priced in points during the booking process.

Screenshot of the main flight booking panel from Southwest.com. The option to book with points (as opposed to dollars) is selected. The booking panel has fields for departure and arrival city, departure and arrival date and promo code.
Simply choose “Points” when searching for flights at Southwest.com to use your Rapid Rewards points.

My take on the Southwest® Rapid Rewards® Performance Business Credit Card welcome bonus

This is an absolutely incredible bonus. Normally this card earns 80,000 points after spending $5,000 with three months, but this new bonus adds an additional 40,000 points after spending $15,000 in nine months on top of that.

I certainly appreciate how Chase structured this bonus. Normally, when issuers offer an limited time bonus they will increase the number of points that you earn, but also increase the spending requirements. In this case, spending the same $5,000 on the card will earn you the same 80,000 points that you would have earned before the limited time bonus. But if you spend a total of $15,000, you’ll earn an additional 40,000 points.

The points you earn can also count toward earning a companion pass. If you were in the whole 120,000 points available in this bonus, you are almost the entire way toward earning a companion pass.

This is absolutely a bonus you should jump on. Southwest rapid rewards are highly usable and this is the best bonus we have seen on this card since we started tracking.

Southwest® Rapid Rewards® Performance Business Credit Card card art

Learn how to apply.
Annual fee: annual_fees

Southwest® Rapid Rewards® Performance Business Credit Card sign-up bonus

bonus_miles_full

Currently the best welcome bonus available on any Southwest Airlines credit card.

More about this card


Benefit highlights:
9,000 point account anniversary bonus.
4 upgraded boardings each year.
Up to 365 credits toward inflight WiFi each year.
Earn 1,500 tier qualifying points for every $5,000 spent on the card.
Up to $500 in fee credits for point transfers.
25% back on inflight purchases.
Lost luggage reimbursement.
Baggage delay insurance.
Extended warranty protection.
Purchase protection.
Trusted traveler credit.
No foreign transaction fees.

Rewards:
4x on Southwest purchases.
3x on Rapid Rewards® hotel and car rental partners.
2x on social medial and search engine advertising.
2x on local transit and commuting, including rideshare.
2x on internet, cable, and phone services.
1x on other purchases.
Rewards are earned as Rapid Rewards® points.

Learn more:
See this card matched up against the other Southwest credit cards in our Southwest Airlines credit card comparison.

Frequently asked questions

What happens if I don’t spend the entire $15,000?

This bonus is a tiered bonus. That means that, if you spend $5,000 in three months but don’t spend $15,000 within nine months, you will still earn 80,000 points. To earn the full 120,000 points, you need to spend $5000 within three months and then a total of $15,000 within nine months.

Do the sign-up bonus points on this card count toward companion pass?

Yes. The bonus points you earn with this card’s new cardmember incentive count toward companion pass.

About the author

  • Aaron Hurd

    Aaron Hurd is a credit card, travel rewards, and loyalty program expert. Over the past 15 years, he has authored over a thousand expert contributions published by leading outlets including WSJ, TIME, Newsweek, Forbes, NerdWallet, The Points Guy, Bankrate, CNET, and many others. He has also served in consulting roles for many of these same outlets, designing content strategy, hiring teams of teams of editors and contributors, developing thought-leadership pieces, and ghost-editing for senior editors. Aaron is well-known in the miles and points community and regularly presents about travel rewards at conferences like the Chicago Seminars and Minnebar. Aaron has enjoyed the game of optimizing credit card rewards since getting his first credit card shortly after he turned 18. He started learning about credit cards and travel rewards from the (now defunct) FatWallet Finance forums and FlyerTalk. He holds more than 40 open credit cards and has first-hand experience with almost every major credit card product.

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