The Southwest Rapid Rewards® Performance Business Credit Card offers a range of benefits designed for business owners who frequently travel with Southwest Airlines. New cardmembers can earn 80,000 points after spending $5,000 on purchases in the first three months. The card provides 4X points on Southwest® purchases, 3X points on Rapid Rewards hotel and car rental partners, and 2X points on social media and search engine advertising, internet, cable, and phone services. Additionally, cardholders receive 9,000 anniversary bonus points each year and enjoy various travel benefits, including four upgraded boardings annually and up to 365 InFlight WiFi credits.
Features
-
80,000 Points New Cardmember Offer. Earn 80,000 points after spending $5,000 on purchases within the first three months.
-
4X Points on Southwest® Purchases. Earn 4 points per dollar spent on Southwest Airlines® purchases.
-
3X Points on Hotel and Car Rentals. Earn 3 points per dollar spent with Rapid Rewards hotel and car rental partners.
-
2X Points on Business Categories. Earn 2 points per dollar spent on social media and search engine advertising, internet, cable, and phone services.
-
9,000 Anniversary Bonus Points. Receive 9,000 bonus points each year on your Cardmember anniversary.
-
Travel Benefits. Includes four upgraded boardings per year and up to 365 InFlight WiFi credits annually.
Pros and Cons
Pros
-
Tier Qualifying Points. Earn 1,500 tier qualifying points toward A-List status for every $5,000 spent.
-
Fee Credits. Up to $500 fee credit for points transfers and a Global Entry, TSA PreCheck®, or NEXUS fee credit up to $100 every four years.
-
Employee Cards. No additional cost for employee cards, allowing points to be earned on employee spending.
Cons
-
Annual Fee. $199 annual fee, which may be a consideration for budget-conscious users. It adds to the cost of card ownership, requiring significant use to justify the expense.
-
Variable APR. High variable APR ranging from 21.49% to 28.49%, dependent on creditworthiness. It Increases the cost of carrying a balance, which can be expensive for those not paying off the card monthly.
-
Limited Redemption Options. Best suited for those who frequently fly with Southwest Airlines. It limits the versatility of points usage compared to more flexible travel rewards cards.
Online
Go to website
-
Explore Credit Card Options. Browse through the available credit card options to find the Southwest Rapid Rewards® Performance Business Credit Card. Click on the card to access more details.
-
Review Card Details. Take your time to review the features, benefits, and terms of the Southwest Rapid Rewards® Performance Business Credit Card to ensure it meets your needs.
-
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
-
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
-
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
-
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
-
Receive Card. If approved, your Southwest Rapid Rewards® Performance Business Credit Card will be mailed to the address provided during the application process.
Mobile App
Go to AppStore
Go to Google Play
-
Log In or Register. Open the Chase mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
-
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
-
Find Southwest Rapid Rewards® Performance Business Card. Look for the Southwest Rapid Rewards® Performance Business Credit Card among the available options. Tap on the card to view more details.
-
Start Application. Locate the option to apply for the Southwest Rapid Rewards® Performance Business Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
-
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
-
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
-
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
-
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your Southwest Rapid Rewards® Performance Business Credit Card will be mailed to the address provided during the application process.
In Bank's Office
-
Research and Preparation. Begin by researching the various credit cards offered by Chase to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
-
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
-
Visit a Chase Branch. Locate the nearest Chase branch by using the Chase website or mobile app. Plan your visit during the branch’s operating hours.
-
Meet with a Chase Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
-
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
-
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
-
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
-
Receive Your Card. If approved, your new credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
-
Credit Score. Applicants should have a good to excellent credit score, considered 670 or higher.
-
Age. Must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
-
Residency. Must have a valid permanent home address within the 50 United States, the District of Columbia, or a U.S. military address.
-
New Cardmember Bonus. The bonus offer is available only if the applicant does not currently have this card and has not received a new Cardmember bonus for this card in the past 24 months.
-
Income. Proof of a stable income is required to assess the ability to manage credit responsibly.
-
Business Information. Applicants must provide relevant business information, including financial details and proof of the business's operational status.
-
Existing Chase Relationship. Chase may consider an applicant's existing relationship with the bank.
-
Authorization. Applicants must authorize Chase to obtain credit bureau reports, employment, and income information.
-
Business Use. The card must be used primarily for business purposes, and all balances must be business-related expenses.
-
Know Your Customer (KYC). Applicants must comply with the USA PATRIOT Act requirements, providing identification and necessary documents for verification.
Reasons You May Be Denied a Card
-
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
-
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
-
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
-
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
-
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
-
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
-
Access Your Account. Sign in to your Chase online banking account or mobile app to access your credit card information.
-
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
-
Choose a Payment Method. Determine how you wish to proceed with your payment. Chase provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
-
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
-
Mobile Payment. Alternatively, you can utilize the Chase mobile banking app to complete a payment. Choose your Southwest Rapid Rewards® Performance Business credit card account and follow the prompts to finalize the payment process.
-
In-Person Payment. For those preferring in-person transactions, visit a Chase financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
-
Phone Payment. To make a payment over the phone, dial the Chase customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
-
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your Southwest Rapid Rewards® Performance Business credit card account number on the check or money order and allow adequate time for delivery.
-
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your Southwest Rapid Rewards® Performance Business credit card debt.
Editorial Opinion
The Southwest Rapid Rewards® Performance Business Credit Card appears to be a robust option for business owners who prioritize travel with Southwest Airlines. The ability to earn points across various business-related spending categories, coupled with the travel perks, may enhance the value for frequent travelers. However, potential applicants should consider the $199 annual fee and the variable APR of 21.49% to 28.49% based on creditworthiness.
Additional Resources
Sources