Southwest Rapid Rewards Performance Business Card
| Annual fee | $299 Fact |
| Foreign transaction fee | None |
| Rewards currency | Southwest Rapid Rewards points |
| Est. point value | 1.25¢ Estimate |
Last updated Oct 28, 2026
Checked Oct 28, 2026
Before you apply
General Chase policies as commonly reported by applicants, not a prediction about your application.
Sign-up bonus history
Unchanged since Oct 2021View as a table
| Period | Bonus | Spend requirement |
|---|---|---|
| Oct 2021 to now · 5 yr | 80,000 points | $5,000 |
Based on the public offers we have on record over time. Short-lived offers may not appear, and elevated or targeted offers are not shown.
How you earn
| Category | Rate | Currency | Cap |
|---|---|---|---|
| Brand purchases | 4x | n/a | No cap |
| Car rentals and cruises | 3x | n/a | No cap |
| Transit and rideshare | 2x | points | No cap |
| Restaurants | 2x | points | No cap |
| Gas and EV charging | 2x | points | No cap |
| Hotels | 2x | points | No cap |
| Everything else | 1x | points | No cap |
Recurring credits
Estimated value| Statement credit of up to $120 every four years as reimbursement for the application fee for Global Entry, TSA PreCheck, or NEXUS, by you or an authorized user. Shared across the account
|
$30/yr (one-time/annual) |
Credit value depends on whether you use each credit; treat these as potential value.
Benefits & protections
Card factsReceive one boost of 10,000 Companion Pass qualifying points each calendar year, deposited by January 31st (or up to 30 days after account opening).
Earn 2,500 tier qualifying points (TQPs) toward Southwest Rapid Rewards A-List status for every $5,000 spent in purchases annually.
Enjoy unlimited upgrades to an Extra Legroom seat within 48 hours prior to departure, at no additional charge, when available, for the Cardmember and up to 8 additional passengers. Authorized users and employee cards are not eligible for this benefit.
No blackout dates and unlimited reward seats apply to flights booked with points to more than 100 destinations.
Cardmembers and up to 8 additional passengers in the same reservation can check their first bag free; for a group of 4 this would be a savings of up to $360 roundtrip ($45 per bag per trip).
Complimentary Preferred seat selection at booking, when available, for the primary Cardmember and up to 8 additional passengers on the same reservation; for flights operating with assigned seating in 2026 and beyond.
Covers eligible new purchases for 120 days from the date of purchase against damage or theft up to $10,000 per item.
Extends the manufacturer's U.S. warranty by an additional year on eligible warranties of three years or less, up to four years from purchase date.
Reimburses up to $100 a day for up to 3 days for essential purchases when baggage is delayed over 6 hours.
Provides reimbursement up to $3,000 per covered traveler for the cost to repair or replace checked or carry-on baggage that is lost, damaged, or stolen during a covered trip.
Earn 20,000 bonus points for each friend or business owner that gets approved for any Southwest Rapid Rewards Credit Card, up to 100,000 bonus points per year.
Employee cards are available at no additional cost and earn points on employee spending, with individual spending limits available.
Cardmembers and up to 8 passengers in the same reservation board with Group 5, giving them earlier access to overhead bins.
Employee cards on the Southwest Performance Business
Card factsEmployee cards are free.
Each employee card gets
- Baggage delay insurance
- Extended warranty protection
- Lost luggage reimbursement
- Purchase protection
Shared across the account
- Back on inflight purchases
- Global entrytsa prechecknexus fee credit
Primary cardmember only
- Anniversary points
- Companion Pass qualifying points boost
- Extra legroom seat upgrade
- First checked bag free
- Group 5 boarding benefit
- Preferred seat selection at booking
- Tier qualifying points toward a list status