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Southwest® Rapid Rewards® Premier Business Credit Card bonus: New limited-time offer—earn up to 120k points

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

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

  • Earn 60,000 points after you spend $3,000 on purchases in the first 3 months from account opening.
  • Earn an additional 60,000 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 Southwest® Rapid Rewards® Premier Business Credit Card.

Best welcome bonus: Up to 120k Rapid Rewards points

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

Southwest® Rapid Rewards® Premier Business Credit Card card art

Learn how to apply.
Annual fee: annual_fees

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

bonus_miles_full

Best welcome offer we’ve ever seen on this card.

More about this card


Benefit highlights:
6,000 point account anniversary bonus.
2 EarlyBird Check-In® 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.
No foreign transaction fees.

Rewards:
3x on Southwest purchases.
2x on Rapid Rewards® hotel and car rental partners.
2x on local transit and commuting, including rideshare.
1x on other purchases.
Rewards are earned as Rapid Rewards® points.

Learn more:
Compare this card to the other 4 Southwest credit cards to find the best card for you.

How to use Southwest Rapid Rewards points

The Southwest Rapid Rewards points you’ll earn with the Southwest® Rapid Rewards® Premier 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® Premier Business Credit Card welcome bonus

Prior to the current limited time offer, you could earn 60,000 points after spending $3,000 on purchases within three months of opening a new Southwest® Rapid Rewards® Premier Business Credit Card. That doesn’t change. You simply get an additional 60,000 point bonus if you spend a total of $15,000 on the card with nine months.

Most times when card issuers increase welcome bonuses, they simply increase both the amount of points you can earn and the spending requirement. Sometimes this can shut people out of earning a bonus on the card. Structuring the bonus in the way that Chase and Southwest did means that no one gets shut out of the regular bonus. It only adds value to the welcome offer.

This is a great bonus and one that you should jump on if you’re thinking of getting this card.

Southwest® Rapid Rewards® Premier Business Credit Card card art

Learn how to apply.
Annual fee: annual_fees

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

bonus_miles_full

Best welcome offer we’ve ever seen on this card.

More about this card


Benefit highlights:
6,000 point account anniversary bonus.
2 EarlyBird Check-In® 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.
No foreign transaction fees.

Rewards:
3x on Southwest purchases.
2x on Rapid Rewards® hotel and car rental partners.
2x on local transit and commuting, including rideshare.
1x on other purchases.
Rewards are earned as Rapid Rewards® points.

Learn more:
Compare this card to the other 4 Southwest credit cards to find the best card for you.

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 $3,000 in three months but don’t spend $15,000 within nine months, you will still earn 60,000 points. To earn the full 120,000 points, you need to spend $3,000 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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