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Southwest® Rapid Rewards® Premier Business Credit Card: Earn Up to 120,000 Bonus Points
Earn 60,000 points after you spend $3,000 on purchases in the first 3 months from account opening. Plus, earn an additional 60,000 points after you spend $15,000 on purchases in the first 9 months with the Southwest® Rapid Rewards® Premier Business Credit Card. The annual fee is $99.
Card Details:
Slickdeals may be compensated by Chase.
Card Details:
- Earn up to 120,000 bonus points.
- 6,000 bonus points after your Cardmember anniversary.
- Earn 3X points on Southwest Airlines® purchases.
- Earn 2X points on Rapid Rewards® hotel and car rental partners.
- Earn 2X points on rideshare.
- 1 point per $1 spent on all other purchases.
- 2 EarlyBird Check-In® each year.
- Member FDIC
Slickdeals may be compensated by Chase.
Created 07-12-2023
at 09:42 AM
by JFalc
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67 Comments
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I was thinking the same but unless this offer stands for at least a few more months that possibility is a no go.
EDIT: I see this offer ends 8/28/23 so no possibility for 2025.
They can be used for flights.
They reside in your SWA Rapid Rewards Account and whatever you had on 12/31, you still have on 1/1
But....for companion pass purposes ONLY, companion pass eligibility resets each year at 1/1 so points earned in 2023 can't be used to become eligible for a companion pass in 2024. It's just like earning A list and number of flights flown resets at 1/1
If you can do the spend and use the airfare, then this is a great deal. You pay the opportunity cost of other reward cards for $15K worth of spending you're already doing and get $4K of value in return. That's >25% back.
same annual fee as well
IMHO this card is only really beneficial if you can use the companion pass to the max. Typically people will get this early in the year, meet the spend requirement and basically get a free companion for a year. That's the real value, if you value Southwest travel.
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If you can do the spend and use the airfare, then this is a great deal. You pay the opportunity cost of other reward cards for $15K worth of spending you're already doing and get $4K of value in return. That's >25% back.
To my mind the opportunity cost is potentially way higher than the benefit here... 15k in spend for example could get you ballpark 200,000-300,000 airline transferable points spread across 3-4 different signup bonuses (let alone if you include the spend for the first half of this cards bonus)
Giving you a ton more flexibility in their use for airlines, destinations, and travelling with a # of people other than exactly 2.... and enables high-value redemptions overseas as well.
Now if you're someone who has a LOT of travel planned that SW specifically works for- like you're going to get value out of the CP even beyond spending the points earned from this deal- you can potentially still beat that... and obviously doing all the spend on a single card is easier.
But value wise it's more niche than it first appears unless you've got a LOT of SW travel on your agenda (AND that travel is specifically with 2 people)
Many people will say they are "in business" as a sole proprietorship because they do things like sell items on ebay, have garage sales, etc.
So many people will list the name of a business (John's Antique Items) or just their own name, and use their SSN as the business tax id number.
This has worked for many. This is discussed widely in other SWA threads if you want to know more.
Giving you a ton more flexibility in their use for airlines, destinations, and travelling with a # of people other than exactly 2.... and enables high-value redemptions overseas as well.
...
The spend isnt hard to hit, issue is more that its only a 1 year and a few month companion pass.
Rather wait and do the 60-70k deals in oct/november that always pop up, been doing this for years and havent paid for one flight for the family since 2011 as well as without dealing with the 5 card rule at chase:
Year 1 - spouse 1 applies for cards in Q4 deal, intentionally don't hit spend until January year 2. Companion pass now through end of year 3. Close cards in feb after bonus transfer.
Year 3 - spouse 2 applies for cards in Q4 deal, intentionally don't hit spend until January year 4, companion pass now through year 5.
year 5 - spouse 1 repeats in nov. and the sequence repeats.
This enables both people to not hit the 5 card flag as well as always have 1 active companion pass
Many people will say they are "in business" as a sole proprietorship because they do things like sell items on ebay, have garage sales, etc.
So many people will list the name of a business (John's Antique Items) or just their own name, and use their SSN as the business tax id number.
This has worked for many. This is discussed widely in other SWA threads if you want to know more.
I agree that the spend here is high (along with the reward), but you are only using one credit card application here. Doing 3-4 sign up bonuses and 3-4 different cards has its own opportunity cost too. It really depends if you have the purchasing power in the next short while and are not going to use it elsewhere anyway.
Interesting. I'm not sure what SWA thread is, I rarely use Slickdeals but thanks for your reply!
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