Southwest Rapid Rewards Premier Business Card 120K Bonus

Southwest Rapid Rewards Premier Business Card 120K Bonus

Chase has launched a new welcome bonus for the Southwest Rapid Rewards® Premier Business Credit Card. You can now earn a total of 120,000 Rapid Rewards. Including the points earned from the massive spend requirement of $15,000, you will have enough to earn the Companion Pass with just one card. This same offer is also available through referral links. Let’s see the details of tis Southwest Premier Business Card 120K bonus, and whether it makes sense for most people.

Update: All referrals are now showing an end date of 9/4/23 (still showing today, Sep 5) for this welcome bonus. That makes it possible to have the bonus post in 2024 and thus earn the Companion Pass for almost 2 full years. If you plan to apply, the key is to apply on 9/4 through a referral link, and have your statement close date on the 1st of the month. You can change the date in your Chase account.

Then complete the first spending threshold ($3K) between Dec 1 and Dec 3, so it is within the 3 month requirement, but it goes into the December statement period. That means that the 60,000 points will post in January.

You can post referrals in our Facebook Group, or find referrals there if you need to apply.

Welcome Bonus

• Earn up to 120,000 points:
  • Earn 60,000 points after you spend $3,000 on purchases in the first 3 months from your account opening.
  • Plus, earn an additional 60,000 points after you spend $15,000 on purchases in the first 9 months.
• Offer ends 8/28/23.
• $99 annual fee applied to your first billing statement.
• LEARN MORE

Card Details

• Earn:

  • 3x points per  $1 spent on Southwest Airlines® purchases.
  • 2x points per $1 spent on Rapid Rewards hotel/car rental partners
  • 2x points per $1 spent on local transit and commuting, including rideshare
  • 1x point on all other purchases.

• Earn 6,000 points every year on your Cardmember anniversary.
• 2 EarlyBird Check-In® per year
• Earn 1,500 tier qualifying points toward A-List status for every $10,000 spent
• Receive a boost of 10,000 Companion Pass qualifying points every year.
• $500 fee credit for points transfers per year
• 25% back on Inflight purchases
• No Foreign Transaction Fees
• Employee cards at no additional cost and earn points on employee spending.
• Annual Fee: $99

About Southwest Rapid Rewards

The Southwest Rapid Rewards program is geared towards budget-minded travelers who fly domestically, or to Mexico, Central America and the Caribbean. Rapid Rewards members earn points for every dollar spent on Southwest flights and with the airline’s hotel, car rental and retail partners. But earning points gets easier once you have one of the Southwest Rapid Rewards credit cards from Chase. You can earn a welcome bonus when you first get a card and then earn even more with purchases.

Rapid Rewards points to pay for merchandise, gift cards, hotel stays, car rentals and even some experiences like cruises or wine tastings. But the best use of points is for award fares on any Southwest or international partner flight. And with Southwest you always get 2 free checked bags per person.

The Rapid Rewards program is revenue-based. You earn points based on the amount spent on flights rather than flights distance. When you redeem points for award fares, the value you get is also based on the price of the ticket, but it is not a fixed value. Points value is based on destination, time, travel date, demand, fare class, and other factors. Rapid Rewards points are often valued at about 1.4 cents. If you have the Companion Pass, then you can bring your favorite person along for free on paid or award Southwest flights.

Guru’s Wrap-up

This is a big welcome bonus, but when you look at the details it is not as exciting as it sounds. The first part of the offer for 60,000 points is the same as the previous bonus. But now you also have the option to earn another 60,000 points after spending a total of $15,000 within the first nine months.

That means that once you complete the spending you will have a total of 135,000 Rapid Rewards, which gets you the Southwest Companion Pass. You’ll actually have even more than needed since Rapid Rewards Credit Cardmembers receive a boost of 10,000 Companion Pass qualifying points every year.

While this new offers makes things easy to earn the Companion Pass with just one card, you can actually achieve the same result with two cards and less spend. You can just do the first part of the offer, and then also get another Southwest business or consumer credit card. The Southwest® Rapid Rewards® Performance Business Credit Card for example offers 80,000 bonus points with $5,000 in spend in 3 months.

Disclaimer: I receive part of the commission when you use any of the links in this article to apply for credit cards through yourbestcreditcards.com.