Is the Southwest® Rapid Rewards® Performance Business Credit Card better than the Southwest Rapid Rewards® Premier Credit Card Business card?

The Southwest® Rapid Rewards® Performance Business Credit Card offers more value than the Southwest Rapid Rewards® Premier Credit Card Business. However, it also charges a higher annual fee. But the best card is highly dependent on your business’s financial situation and needs.

Can you get the Southwest® Rapid Rewards® Performance Business Credit Card if you have the Southwest Rapid Rewards® Premier Credit Card Business card?

Yes, you can apply for both cards. However, keep the Chase 5/24 rule in mind, which does not allow you to have any Chase credit card if you have been approved for five or more cards in the last 24 months.

Can you transfer points from Southwest® Rapid Rewards® Performance Business Credit Card to Southwest Rapid Rewards® Premier Credit Card Business?

When you earn Rapid Rewards, they will all be deposited into the same Rapid Rewards account, regardless of which card product you use to earn them.

Can you switch from the Southwest® Rapid Rewards® Performance Business Credit Card to the Southwest Rapid Rewards® Premier Credit Card Business card?

Yes, you can upgrade from the Southwest® Rapid Rewards® Performance Business Credit Card to the Southwest Rapid Rewards® Premier Credit Card Business card.

Southwest® Rapid Rewards® Performance Business Credit Card vs. Southwest® Rapid Rewards® Premier Business Credit Card: Which Is Best for You?

Q: What’s harder to get, the Southwest® Rapid Rewards® Performance Business Credit Card or the Southwest Rapid Rewards® Premier Credit Card Business card?

It’s equally difficult to get approved for both cards since both of them require you to own a small business and have good to excellent credit scores.

Q: How much do you have to spend on the Southwest® Rapid Rewards® Performance Business Credit Card vs Southwest Rapid Rewards® Premier Credit Card Business to get the welcome bonus?

The Chase Southwest Performance Business requires you to spend $5,000 on purchases, while the Southwest Rapid Rewards® Premier Credit Card Business requires you to spend $3,000 on purchases to get the welcome bonus.

Small-business owners who frequently fly Southwest and are looking for a credit card can benefit greatly from either the Southwest® Rapid Rewards® Performance Business Credit Card or the Southwest Rapid Rewards® Premier Credit Card Business card.

Advertising & Editorial DisclosureLast Updated: 12/30/2022

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The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Both the Southwest® Rapid Rewards® Performance Business Credit Card and the Southwest Rapid Rewards® Premier Credit Card Business card offer up to 1,500 tier qualifying points when you spend $10,000 on purchases — which can help you achieve the A-list status. The reward points you earn with these cards can also help you get the Companion Pass.

While both cards offer great value for small business owners, their rewards structure and annual fees are somewhat different. MoneyGeek compared the Southwest® Rapid Rewards® Performance Business Credit Card and the Southwest Rapid Rewards® Premier Credit Card Business card to help you understand the difference between them.

OUR COMPARISON AT A GLANCE

Comparison Overview
Southwest® Rapid Rewards® Performance Business Credit Card at a Glance
Southwest® Rapid Rewards® Premier Business Credit Card at a Glance
Comparison Summary
Which Card Should You Get?

Comparison Overview: Southwest® Rapid Rewards® Performance Business Credit Card vs. Southwest® Rapid Rewards® Premier Business Credit Card

Southwest® Rapid Rewards® Performance Business Credit Card
Southwest® Rapid Rewards® Premier Business Credit Card
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Recommended Credit
Good–Excellent
Good–Excellent

Southwest® Rapid Rewards® Performance Business Credit Card At a Glance

The Southwest® Rapid Rewards® Performance Business Credit Card offers four points per dollar spent on Southwest purchases, three points per dollar spent on Rapid Rewards hotel and car rental partners, two points per dollar spent on local transit and commuting (including rideshare), two points per dollar spent on social media and search engine advertising, internet, cable, phone service and one point per dollar spent on all other types of purchases. It also offers 9,000 points each year on your cardmember anniversary.

Southwest® Rapid Rewards® Performance Business Credit Card
An excellent business card with Southwest and other travel benefits
- Good–ExcellentRecommended Credit
- $199Annual Fee
- 1–3 Points per $1*Rewards Rate
- 3xRewards Rate on Air Travel
- 2xRewards Rate on TV, Phone, Internet Services
Pros
Spend-based sign-up bonus points
Annual bonus points
Upgraded boarding
Global Entry/TSA PreCheck fee credit
In-flight Wi-Fi credits
4X points on Southwest purchases
Employee cards

Cons
$199 annual fee
Absence of comprehensive travel insurance coverage
No airport lounge access
Cannot transfer miles to other airline loyalty programs
Default APR may apply in case of late or returned payments
Earn 80,000 points by spending $5,000 on purchases in the first three months.
Earn 9,000 points each account anniversary.
Earn 1,500 tier qualifying points (TQPs) for every $10,000 you spend on purchases and move to the A-List or A-List Preferred membership status faster (both come with priority boarding and same-day standby).
Earn 4X points per $1 on Southwest Airlines purchases and 3X points per $1 on purchases made through hotel and car rental partners such as Southwest Hotels, Best Western, Hyatt, Marriott, Avis, Budget and Hertz.
Earn 2X points on local transit and commuting purchases, payments toward internet, cable and phone services, and social media and search engine advertising.
Earn 1X points on all other purchases.
Redeem your points for Southwest Airlines flights, international flights on global carriers, rental cars, hotel stays, merchandise, gift cards or exclusive experiences.
Get complimentary availability-based seat upgrades on Southwest flights up to four times each year.
Get 365 Wi-Fi credits, worth $8 each, per year for use on Southwest flights.
Get up to $100 as Global Entry/TSA PreCheck fee credit every four years.
Pay no foreign transaction fees when you use this card outside of the U.S.
Stand to benefit through lost luggage reimbursement, baggage delay insurance, extended warranty protection and purchase protection.
Employee cards come with no added fees.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated cards from our partners.

Southwest® Rapid Rewards® Premier Business Credit Card At a Glance

With the Southwest Rapid Rewards® Premier Credit Card Business card, you earn three points per dollar spent on Southwest purchases, two points per dollar spent on Rapid Rewards hotel and car rental partner purchases, two points per dollar spent on local transit and commuting (including rideshare) and one point per dollar spent on all other eligible purchases. You also earn 6,000 points each year on your cardmember anniversary.

Southwest® Rapid Rewards® Premier Business Credit Card
A great miles credit card for international purchases with multiple miles-earning and redeeming opportunities
- Good–ExcellentRecommended Credit
- $99Annual Fee
- 1–2 Points per $1*Rewards Rate
- 2xRewards Rate on Air Travel
- 1xRewards Rate on TV, Phone, Internet Services
Pros
No foreign transaction fees
Earn miles for unlimited rewards
Introductory and anniversary bonus points
Free employee cards

Cons
$99 annual fee
High APR
Limited travel perks
Sizable spend-based welcome offer
Bonus categories for earning reward points faster
No blackout dates for flights booked with points
Individual spending limits available for authorized users
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated cards from our partners.

Comparison Summary

The Southwest® Rapid Rewards® Performance Business Credit Card vs Southwest Rapid Rewards® Premier Credit Card Business comparison below will help you make a better decision about choosing between both cards.

Card Detail
Comparison Summary
Travel Coverage and Purchase Protection
The Southwest® Rapid Rewards® Performance Business Credit Card comes with travel accident insurance coverage in case of an accidental death or dismemberment of up to $500,000. It also offers purchase protection in case of theft or damage of up to $10,000 per claim and $50,000 per account on new purchases for up to 120 days.
However, the Southwest Rapid Rewards® Premier Credit Card Business card only offers purchase protection.
Winner: Southwest® Rapid Rewards® Performance Business Credit Card
Welcome Bonus
With the Southwest Rapid Rewards® Premier Credit Card Business card, you earn 60,000 points on spending $3,000 on purchases within the first three months of account opening, while the Southwest® Rapid Rewards® Performance Business Credit Card offers 80,000 bonus points on spending $5,000 on purchases within the first three months.
Winner: Southwest® Rapid Rewards® Performance Business Credit Card
Rewards
The Southwest® Rapid Rewards® Performance Business Credit Card offers 4x points per $1 spent on Southwest purchases, 3x points per $1 spent on Rapid Rewards hotel and car rental partners, 2x points per $1 spent on local transit and commuting (including rideshare), 2x points per $1 spent on social media and search engine advertising, internet, cable, phone service and 1 point per $1 spent on all other types of purchases.
While the Southwest Rapid Rewards® Premier Credit Card Business card offers 3x points per $1 spent on Southwest purchases, 2x points per $1 spent on Rapid rewards hotel and car rental partner purchases, 2x points per $1 spent on local transit and commuting (including rideshare) and 1 point per $1 spent on all other types of purchases.
Winner: Southwest® Rapid Rewards® Performance Business Credit Card
Annual Fee
The Southwest® Rapid Rewards® Performance Business Credit Card comes with a hefty $199 annual fee, while the Southwest Rapid Rewards® Premier Credit Card Business card charges $99 in annual fees.
Winner: Southwest Rapid Rewards® Premier Credit Card Business

Which Card Should You Get?

While deciding about which type of credit card to get, it’s best to first consider your needs and the value offered by both cards.

Who Should Consider the Southwest® Rapid Rewards® Performance Business Credit Card?

The Southwest® Rapid Rewards® Performance Business Credit Card is best suited for small business owners who are frequent Southwest flyers and want a card which will help them gain great rewards on making business purchases and get closer to achieving the A-list status.

With this card, you’ll earn 2x points per $1 spent on social media and search engine advertising, internet, cable, phone service and 1 point per $1 spent on all other types of purchases.
This card offers up to 1,500 tier qualifying points on spending $10,000 on purchases, which can help you achieve the A-list status.
≫ More: Read Our Full Review

Who Should Consider the Southwest® Rapid Rewards® Premier Business Credit Card?

Small business owners looking for a credit card with a low annual fee may find Southwest Rapid Rewards® Premier Credit Card Business to be the best option.

This card has a $99 annual fee — which is lower compared to other cards of the same category.
This card doesn’t have a foreign transaction fee, which makes it a solid option for use while traveling internationally.
≫ More: Read Our Full Review

EXPERT OPINION

If you fly more than three times per year on Southwest Airlines, it’s likely a better investment to go with the Southwest® Rapid Rewards® Performance Business Credit Card because of the larger welcome bonus and in-flight benefits for only an extra $100. However, if you rarely fly with the airline, the Southwest Rapid Rewards® Premier Credit Card Business is a solid low annual fee business credit card.

Other Helpful Decision-Making FAQs

MoneyGeek gathered the following frequently asked questions which may help you choose between Southwest® Rapid Rewards® Performance Business Credit Card and Southwest Rapid Rewards® Premier Credit Card Business card.

Still Not Sure About These Cards? Consider These Options

Both Southwest® Rapid Rewards® Performance Business Credit Card and Southwest Rapid Rewards® Premier Credit Card Business cards offer great rewards and a welcome bonus for small business owners. However, if you think that these cards do not fit your needs — you can look over the best rewards credit cards to find a better option.

View All Credit Cards

Learn more about credit cards in general

sources

Chase Bank. "Southwest® Rapid Rewards® Performance Business Credit Card." Accessed January 3, 2022.
Chase Bank. "Southwest Rapid Rewards® Premier Credit Card Business." Accessed January 3, 2022.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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