Southwest Rapid Rewards® Performance Business Credit Card
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How we calculate effective rate →
The Southwest Rapid Rewards® Performance Business Credit Card from Chase earns up to 2.8% effective value on dining in Madeen's catalog snapshot. Its annual fee is $299. New applicants may see: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening..
- Top category
- Dining
- Effective value
- 2.8%
- Annual fee
- $299
Worth a look for dining spend if you need a business card and can use Southwest Rapid Rewards the way you redeem today. Best for spenders who put meaningful volume in dining and can earn 2x miles. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.
What does the Southwest Rapid Rewards Performance Business Credit Card earn in each category?
Dining is the strongest category at 2.8% effective value (2x miles at about 1.4 cents each). That dining rate ranks higher than about 81% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how Southwest Rapid Rewards Performance Business Credit Card compares across dining, grocery, gas, travel, and other spend. Catalog spend.
Dining is the strongest category at 2.8% effective value (2x miles at about 1.4 cents each). That dining rate ranks higher than about 81% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how Southwest Rapid Rewards Performance Business Credit Card compares across dining, grocery, gas, travel, and other spend.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 2x miles | 2.8% Top category |
| Grocery Supermarkets and grocery stores | 1x miles | 1.4% |
| Gas Gas stations and fuel | 2x miles | 2.8% |
| Travel Flights, hotels, transit | 2x miles | 2.8% |
| Other General everyday spend | 1x miles | 1.4% |
Madeen values Southwest Rapid Rewards at about 1.4 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
What are the Southwest Rapid Rewards Performance Business Credit Card reward caps and conditions?
The Southwest Rapid Rewards Performance Business Credit Card has 4 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates.
- Earn 2 points per $1 spent on restaurant purchases
- Earn 2 points per $1 spent on gas station purchases
- Earn 2 points per $1 spent on hotel accommodations booked directly with the hotel
- Earn 2 points per $1 spent on local transit and commuting, including rideshare services
Who should get the Southwest Rapid Rewards Performance Business Credit Card?
The Southwest Rapid Rewards Performance Business Credit Card fits spenders who put meaningful volume in dining and can earn 2x miles. Best for spenders who put meaningful volume in dining and can earn 2x miles. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.
Southwest Rapid Rewards Performance Business Credit Card fits spenders who put meaningful volume in dining and can earn 2x miles. Madeen ranks its dining effective rate higher than about 81% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in dining and can earn 2x miles. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.
Compare it against simpler no-fee cards if you want minimum complexity.
Worth a look for dining spend if you need a business card and can use Southwest Rapid Rewards the way you redeem today.
Pros
- Strongest Madeen category is dining at about 2.8% effective (2x miles).
- That dining rate ranks higher than about 81% of cards we track in the category.
- No foreign transaction fee listed.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- $299 annual fee requires enough spend in bonus categories to offset.
- Multiple caps, activations, or exclusions may limit headline earn rates.
- Southwest Rapid Rewards value depends on how you redeem, not straight cash back.
- Business card — rewards and liability rules differ from consumer cards.
What is the Southwest Rapid Rewards Performance Business Credit Card welcome bonus?
In Madeen's catalog snapshot, the Southwest Rapid Rewards Performance Business Credit Card welcome offer is Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.. Minimum spend, eligibility, and offer windows are set by the issuer and can change — confirm on the issuer application page before applying.
- Offer
- 80k Southwest Rapid Rewards (~$1120 estimated)
- Terms (catalog snapshot)
- Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
- Minimum spend
- $5,000
- Window
- 3Months
Does the Southwest Rapid Rewards Performance Business Credit Card have an annual fee?
The Southwest Rapid Rewards Performance Business Credit Card has an annual fee of $299 and a foreign transaction fee of None. Confirm current fees on the issuer page before applying.
- Annual fee
- $299
- Foreign transaction fee
- None
What travel perks does the Southwest Rapid Rewards Performance Business Credit Card include?
The Southwest Rapid Rewards Performance Business Credit Card includes Trusted traveler credit, Free checked bag, 2,500 tier qualifying points (TQPs), 9,000 anniversary points each year and more in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.
Trusted traveler credit
Global Entry or TSA PreCheck® Fee Credit up to $120 every 4 years - Receive a statement credit of up to $120 every four years as reimbursement for the application fee for Global Entry, TSA PreCheck
Free checked bag
First checked bag free for Cardmembers and up to 8 additional passengers in the same reservation. For a family of 4 this would be a savings of up to $280 roundtrip ($35 per bag per trip)
What benefits come with the Southwest Rapid Rewards Performance Business Credit Card?
Extended Warranty Protection
$10,000/yrExtends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less.
Purchase Protection
$10,000/yrCovers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Purchase Security and Extended Protection
$10,000/yrPurchase Security can replace, repair or reimburse you for an eligible item purchased with your covered card up to $10,000.00 per claim in the event your item is stolen or damaged. Extended Protection doubles the time period of the original manufacturer's written U.S. warranty up to 1 additional year on eligible warranties of 3 years or less.
DoorDash
$3,600/yrGet one-year complimentary DashPass, membership for both DoorDash and Caviar, that provides unlimited deliveries with $0 delivery fees and lower service fees on eligible orders. After that, you are automatically enrolled in DashPass at the current monthly rate. Activate by Dec 31, 2027 Plus, DashPass members get up to $10 off quarterly on non-restaurant DoorDash orders through Dec 31, 2027.
Lost Luggage Reimbursement
$3,000/yrIf you or an immediate family member check or carry on luggage that is damaged or lost by the carrier, you're covered up to $3,000 per passenger.
Lost Luggage Reimbursement
$3,000/yrwill reimburse you up to $3,000 If your checked luggage or carry on baggage is lost due to theft or misdirection by the common carrier (e.g., airline, rail, bus, ferry). For New York residents coverage is limited to $2,000 per bag.
Travel Accident Insurance
$3,000/yrprovides accidental death and dismemberment coverage. Coverage is in effect on the common carrier (e.g., flight, rail, bus, ferry, cruise ship), as well as while on courtesy ground transportation to and from the airport (or train depot, bus, terminal, etc.) and between terminals, as well as when you are at the airport immediately before departure, or immediately after arrival, on any covered trip.
Up to $120 in Instacart credits
$1,440/yrReceive a $10 Instacart credit monthly, up to $120 total each calendar year, for purchases made directly through Instacart with your United Explorer Card. Terms apply. Benefits end 12/31/27.
Roadside Dispatch®
$1,000/yrThis is a pay-per-use roadside assistance program available 24x7. Roadside Dispatch will ask for your location, find out what the problem is, and will remain on the phone with you while arranging a dispatch to a reliable tow operator or locksmith. You pay a set price per service call.
Baggage Delay Insurance
$300/yrReimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 3 days.
First Checked Bag Free
$280/yrCardmembers and up to 8 additional passengers in the same reservation can check their first bag at no additional cost. For a group of 4 this would be a savings of up to $280 roundtrip ($35 per bag per trip).
Sofar Sounds
$240/yrEnjoy a free ticket per show with the purchase of one or more tickets, plus you can access 7-day Visa Exclusive Presale opportunities.
Related encyclopedia topics
Common questions about the Southwest Rapid Rewards Performance Business Credit Card
Where do cardholders spend most with the Southwest Rapid Rewards Performance Business Credit Card?
Madeen's RewardsCC catalog snapshot shows the strongest bonus categories on coffee (2x), fast food (2x), other food and drink (2x) for the Southwest Rapid Rewards Performance Business Credit Card. These are anonymized issuer category signals, not individual cardholder transactions. Route everyday spend through categories that match your habits, then compare effective rates with Madeen at checkout.
Does the Southwest Rapid Rewards Performance Business Credit Card have an annual fee?
The Southwest Rapid Rewards Performance Business Credit Card carries an annual fee of $299 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the Southwest Rapid Rewards Performance Business Credit Card?
Dining is the strongest Madeen category for the Southwest Rapid Rewards Performance Business Credit Card at about 2.8% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page.
Does the Southwest Rapid Rewards Performance Business Credit Card charge foreign transaction fees?
The Southwest Rapid Rewards Performance Business Credit Card does not charge a foreign transaction fee in Madeen's catalog snapshot, which can make it stronger for purchases outside the U.S. Issuer terms still control international acceptance and other fees.
What is the Southwest Rapid Rewards Performance Business Credit Card welcome bonus?
The Southwest Rapid Rewards Performance Business Credit Card welcome offer in our snapshot: Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
Is the Southwest Rapid Rewards Performance Business Credit Card annual fee worth it?
Whether the $299 annual fee pays off depends on how much you spend in dining and whether you use the card's benefits. Compare effective rates across the cards you already carry in Madeen.
How does the Southwest Rapid Rewards Performance Business Credit Card compare to similar cards?
Compare the Southwest Rapid Rewards Performance Business Credit Card against Aeroplan Card (4.5% on Dining, $95 fee); AARP (3% on Dining, $0 fee); Chase Freedom Flex Credit Card (3% on Dining, $0 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
Southwest Rapid Rewards Performance Business Credit Card This card | Dining | 2.8% | $299 |
| Dining | 4.5% | $95 | |
Chase | Dining | 3% | $0 |
| Dining | 3% | $0 | |
| Dining | 3% | $0 |
Side-by-side comparisons
Store-specific guides
Madeen publishes merchant guides that rank cards for specific stores and services. Browse guides for dining spend to see which cards win at checkout.
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Chase and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Chase. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure