Southwest Rapid Rewards Performance Business

Earning Rates

Key Benefits

All Benefits

• Earn 80,000 Rapid Rewards bonus points after you spend $5,000 on purchases in the first 3 months from account opening (current public offer on the Chase issuer product page at creditcards.chase.com/business-credit-cards/southwest/performance-business as scraped 2026-05-23)
• Worth roughly $1,160 toward Southwest airfare at TPG's Southwest Rapid Rewards baseline of 1.45 cents per point (80,000 x $0.0145)
• $299 annual fee applied to the first billing statement, with no annual fee for authorized-user / employee cards (Chase issuer page)
• Variable purchase APR 19.24% to 27.74%, set based on creditworthiness at account opening (Chase issuer page Pricing & Terms link)
• Earn 4 Rapid Rewards points per $1 spent on Southwest Airlines purchases booked directly (Chase issuer page Rewards & Benefits section)
• Earn 2 Rapid Rewards points per $1 spent on hotel accommodations booked directly with the hotel (Chase issuer page)
• Earn 2 Rapid Rewards points per $1 spent at gas stations and restaurants (Chase issuer page; one combined 2x category, not separate)
• Earn 2 Rapid Rewards points per $1 spent on local transit and commuting, including rideshare services such as Uber and Lyft (Chase issuer page)
• Earn 1 Rapid Rewards point per $1 spent on all other purchases (Chase issuer page)
• Note on scope: the Chase issuer page lists 2x on hotels-direct, gas, restaurants, and local transit / rideshare; it does not currently list a 3x hotel or car-rental category on this product, so any third-party guides claiming 3x on Rapid Rewards hotel and car partners should be treated as outdated post-refresh information
• 9,000 Rapid Rewards bonus points each year after your cardmember anniversary, worth roughly $130 at 1.45 cents per point, more than covering ~44% of the $299 annual fee on its own (Chase issuer page)
• Complimentary Preferred seat selection at booking, when available, on Southwest-operated flights with assigned seating beginning in 2026, for the cardmember and up to 8 additional passengers on the same reservation (Chase issuer page At A Glance and Cardmember Benefits sections)
• Unlimited complimentary upgrades to an Extra Legroom seat within 48 hours prior to departure, when available, on Southwest-operated flights with assigned seating in 2026 and beyond, for the cardmember and up to 8 additional passengers on the same reservation (Chase issuer page)
• First standard checked bag free for the cardmember and up to 8 additional passengers on the same Southwest reservation; Chase markets this as up to $360 round trip savings for a group of four at $45 per bag per trip, reflecting Southwest's post-2025 paid-bag pricing (Chase issuer page)
• Group 5 boarding for the cardmember and up to 8 additional passengers on the same reservation on Southwest-operated flights with assigned seating in 2026 and beyond, giving earlier access to overhead bin space (Chase issuer page)
• Note on legacy boarding: the previous benefit of 4 upgraded boardings per year (A1 to A15 buy-ups) was tied to Southwest's open-seating model and was confirmed sunset on December 31, 2025 as part of the Southwest cobrand refresh per One Mile at a Time and TPG coverage of the personal Priority card; the Chase Performance Business issuer page no longer markets four annual upgraded boardings and instead lists Group 5 boarding for the new assigned-seating product
• 25% back as a statement credit on inflight purchases on Southwest-operated flights, including drinks and Wi-Fi where available, when paid with the card (Chase issuer page Elevate your travel experience section)
• Earn 2,500 Tier Qualifying Points (TQPs) toward A-List status for every $5,000 spent in purchases annually, with no cap; A-List ordinarily requires 35,000 TQPs in a calendar year, so $70,000 of card spend would alone fully qualify even before any flying (Chase issuer page Cardmember Benefits section)
• 10,000 Companion Pass qualifying points boost each calendar year, which counts toward Southwest's 135,000-point Companion Pass threshold (Chase issuer page); the Companion Pass lets a designated companion fly free of airfare (taxes and fees still apply) on paid and award tickets for the rest of the qualifying year plus the following full calendar year
• Up to $120 statement credit every 4 years as reimbursement for the application fee for Global Entry, TSA PreCheck, or NEXUS when you use your card to pay the fee (Chase issuer page; the credit covers the full current $120 Global Entry fee and the full $78 TSA PreCheck fee with room to spare)
• Employee cards at no additional cost, with the ability to set individual employee spending limits, and you earn Rapid Rewards points on employee spending in the same bonus categories as the primary cardholder (Chase issuer page Employee cards section)
• Refer-A-Business bonus: earn 20,000 bonus Rapid Rewards points for each friend or business owner who is approved for any Southwest Rapid Rewards credit card via your referral link, capped at 100,000 bonus points per year (Chase issuer page Refer Business Owners section)
• No foreign transaction fees on purchases made outside the United States, making this card materially better for international business spend than cards that charge the standard 3% (Chase issuer page Additional Business Card Rewards & Benefits)
• Visa card network with contactless tap-to-pay (Chase issuer page Contactless section)
• Chase Pay Over Time available, letting you split eligible purchases into fixed monthly payments with a fee instead of variable APR interest (Chase issuer page)
• Travel and purchase coverage included on the card per Chase's Additional Business Card Rewards & Benefits panel; the issuer page does not enumerate sub-limits on the public marketing page, so cardholders should reference the Visa Business Guide to Benefits for specific dollar amounts on auto rental CDW, baggage delay, lost luggage, purchase protection, and extended warranty
• Auto rental CDW: business Visa cards in the Chase Southwest lineup typically provide primary collision damage waiver coverage when the rental is charged to the card and the rental company's CDW is declined; cardholders should confirm primary status in the current Visa Business Guide to Benefits before relying on it for an international rental
• Welcome bonus eligibility: applicants currently holding the Southwest Performance Business card, or who have earned the new-cardmember bonus on this card within the last 24 months, are not eligible for the welcome offer per Chase's standard Southwest business-card terms (Chase issuer page Offer Details overlay); personal Southwest card holdings do not block this business card
• 5/24 application rule: Chase generally declines applicants for Southwest cards (including business variants) who have opened 5 or more new card accounts across all issuers in the past 24 months, though business cards from issuers like Chase Ink, Amex Business, and Capital One Spark typically do not count toward 5/24
• Lounge access: Not offered (Southwest does not operate airport lounges and Chase does not bundle Priority Pass or any third-party lounge program with the Southwest Performance Business card; this is unchanged from the prior Premier Business product)
• Transfer partners: Not applicable as a cobrand product. Rapid Rewards points earned on this card stay in Southwest Rapid Rewards and cannot be moved to other airline or hotel programs; this is a Chase cobrand card, not an Ultimate Rewards earning card, so points are not interchangeable with Sapphire / Ink Ultimate Rewards balances
• Hotel or rental-car elite status: Not offered as a complimentary status grant on this card; the card accelerates Southwest A-List status via TQP spend and the Companion Pass via the 10,000-point qualifying boost, but does not confer hotel or car-rental elite status
• Anniversary free night certificate: Not offered (this is an airline cobrand product, not a hotel cobrand, so there is no annual hotel night certificate)
• Statement credit for Southwest travel: Not offered on the refreshed product (the previous $100-style annual Southwest travel credit on legacy Performance Business iterations is not listed in the current Chase issuer page benefit set scraped 2026-05-23)
• Lifestyle credits (DoorDash, Uber, Walmart+, etc.): Not offered on this card (the Chase Southwest Performance Business product page does not list any monthly or annual lifestyle statement credits, unlike Amex Platinum / Gold or Chase Sapphire Reserve)