The Ultimate Guide to Credit Cards
Saturday, February 24, 2024

Southwest® Rapid Rewards® Performance Business Credit Card Review

Adam West

By: Adam West

Adam West
Adam West

Adam corresponds with finance experts to publish industry news coverage related to helping consumers achieve greater financial literacy and improved credit. He has more than 12 years of storytelling, editing, and design experience in print and online journalism and is most knowledgeable in the areas of credit scores, financial products and services, and the banking industry.

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Editor: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewer: Ashley Fricker

Ashley Fricker
Ashley Fricker

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among many others. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media. Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University.

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Southwest® Rapid Rewards® Performance Business Credit Card Review

Rated 4.5 /5.0 ★★★★★

Are you considering the Southwest® Rapid Rewards® Performance Business Credit Card? Before you apply for the card, you'll want to learn some key facts about the offer and how it compares to others on the market.

In reviewing the card, our staff rated it a 4.5 out of 5.0.

If you do a lot of business travel, this card is worth a serious look. Get rewarded for your business purchases with free flights and other impressive travel perks.

Here's a rundown of the key features, rates, and terms of the Southwest® Rapid Rewards® Performance Business Credit Card:

Disclosure: When you apply through links on our site, we often earn referral fees from partners. For more information, see our ad disclosure and review policy.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.

BEST OVERALL RATING

★★★★★

4.5

OVERALL RATING

  • Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
  • 9,000 bonus points after your Cardmember anniversary.
  • Earn 4X pts on Southwest® purchases.
  • Earn 3X points on Rapid Rewards® hotel and car rental partners.
  • Earn 2X points on rideshare.
  • Earn 2X points on social media and search engine advertising, internet, cable, and phone services and 1X points on all other purchases.
  • 4 Upgraded Boardings per year when available.
  • Member FDIC
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
21.49% - 28.49% Variable
$199
Good/Excellent

There's certainly a lot to like about the Southwest® Rapid Rewards® Performance Business Credit Card. Let's dive deeper into the card's rates and fees, as they could make or break whether owning the Southwest® Rapid Rewards® Performance Business Credit Card is right for you.

Interest Rate & Annual Fee

According to the issuer, the Southwest® Rapid Rewards® Performance Business Credit Card currently charges the following interest rates on purchases and balance transfers:

  • Purchase Intro: N/A
  • Balance Transfer Intro: N/A
  • Regular APR: 21.49% - 28.49% Variable

Here's the annual fee for the Southwest® Rapid Rewards® Performance Business Credit Card as listed by the issuer:

  • Annual Fee: $199
See site for details »

Credit Needed for Approval

According to the issuer, the current general credit history requirement for the Southwest® Rapid Rewards® Performance Business Credit Card is:

  • Credit Level: Good/Excellent

If you feel you have the credit needed for approval and you're ready to apply, you can do so online on the issuer's secure website.

Keep in mind that rates and features may change, so if you like what the Southwest® Rapid Rewards® Performance Business Credit Card is offering today, you may want to apply now to lock it in current terms before it's too late.

How Does It Rank?

Below are all the ratings our team gives the Southwest® Rapid Rewards® Performance Business Credit Card, along with the card's ranking within each category. To see how it compares to other cards, simply click on the category name:

(Ranked #15 out of 20)
★★★★★
4.5
(Ranked #73 out of 155)
★★★★★
4.5
(Ranked #17 out of 25)
★★★★★
4.5
(Ranked #48 out of 61)
★★★★★
4.5
(Ranked #37 out of 58)
★★★★★
4.5
(Ranked #26 out of 39)
★★★★★
4.5
(Ranked #35 out of 43)
★★★★★
4.5

Bottom Line on Southwest® Rapid Rewards® Performance Business Credit Card

Southwest® Rapid Rewards® Performance Business Credit Card Review

All told, our team's review of the Southwest® Rapid Rewards® Performance Business Credit Card resulted in a rating of 4.5 out of 5.0, as the card features many pros and cons for a potential cardholder to consider. Ultimately, it's up to you to determine if the card's benefits outweigh its possible drawbacks.

If you're ready to apply for the Southwest® Rapid Rewards® Performance Business Credit Card, here is the link the issuer's official application:

About the Author

Adam West
Adam West Finance Expert

Adam corresponds with finance experts to publish industry news coverage related to helping consumers achieve greater financial literacy and improved credit. He has more than 12 years of storytelling, editing, and design experience in print and online journalism and is most knowledgeable in the areas of credit scores, financial products and services, and the banking industry.

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Adam West