Bottom Line
Yes, this card has the highest annual fee of all the current Southwest cards. But with this one card, you'll be close to getting your Companion Pass. And you get reimbursed for all kinds of goodies, not to mention you get a gift of 9,000 anniversary points annually. Take that with the valuable traits of Southwest -- like 2 free checked bags and no penalty to change or cancel your flight -- and we think if you haven't reached your 5/24 Chase rule yet (and you haven't collected a bonus on a Southwest business card in the last 2 years) it's time you apply for this one.
Why You Might Want This Card
The SouthWest Business Card To Get
Let's face it: you need 125,000 points to get the coveted Southwest Companion Pass status. But you have to strategize because Southwest has rules... rules like, you can only get one sign up bonus per 24 months on a Southwest card. Thankfully, you can skirt that rule by getting one personal card and one business card. That said, this is probably the business card you want because this one card gives you a standard sign-up bonus of 70,000 points after spending only $5,000 in 3 months. That's well past the half-way mark needed for a Companion Pass. Besides the points, this card reimburses you several ways: Reimbursement for 4 upgraded boarding passes annually, putting you in the A1-A15 group (first group to board). Reimbursement for Inflight WiFi. And reimbursement for Global Entry or TSA Pre Check every 4 years.
Check out our Southwest Rapid Rewards page for more details on how to best use Southwest Points.
Exceptions To The Rule
About Southwest Rapid Rewards
Southwest is perhaps the most loved and hated points program.
It’s loved because of their Companion Pass and the sheer number of free flights you can earn with Southwest cards and Chase Ultimate Rewards transfers. We’ve booked 8 round trip flights with the bonus of just two cards.
It's hated by some because they don’t like the cattle boarding process and the lack of business or first class. Those shortcoming aside -- if your goal is to get as many free domestic flights from point A to point B as possible, Southwest is tough to beat.
If you have earned the Southwest Companion Pass, this is also one of the highest values of Chase Ultimate Rewards partner transfers.
Check out our full article on How to Earth the Southwest Companion Pass here.
Where Southwest Performance Business Fits In This Point Ecosystem
Personal Experience