Chase
Southwest Rapid Rewards Performance Business
Southwest Rapid Rewards Performance Business costs $299 annual fee and earns up to 4× on travel booked direct. Everything below comes from the card catalog we check against issuer terms, with the arithmetic spelled out.
Enter a typical month of spending to see what the Southwest Rapid Rewards Performance Business returns after its fee next to three cards it is usually compared with, then take those numbers to the full credit card rewards calculator to weigh up everything else in your wallet. No signup, and it runs in your browser.
- Annual fee
- $299 annual fee
- Best earn rate
- 4× travel booked direct
- Points value
- 1.3¢ a point
- Used when you transfer to a travel partner. Cash back is worth 1¢.
- Welcome bonus
- 80,000 points
- About $1,040 if you redeem at 1.3¢ a point, and only if you clear the spending requirement.
- Foreign transaction fee
- none
What the Southwest Rapid Rewards Performance Business earns
Flights and hotels booked direct
4×
Dining
2×
Gas and EV charging
2×
Transit and rideshare
2×
Other travel
2×
| Category | Rate | Conditions |
|---|---|---|
| Flights and hotels booked direct | 4× | |
| Dining | 2× | |
| Gas and EV charging | 2× | |
| Transit and rideshare | 2× | |
| Other travel | 2× |
Rates checked with the issuer in October 2026. Spending outside these categories earns 1×. Confirm current terms with the issuer before you apply.
Is the Southwest Rapid Rewards Performance Business right for you?
Enter a typical month. You will see what the Southwest Rapid Rewards Performance Business returns after its annual fee, next to three cards it is usually compared with, and the full credit card rewards calculator weighs up everything else you spend.
Estimated rewards per year, after the annual fee
Southwest Rapid Rewards Premier Business Top for your numbers
3× travel booked direct, 2× dining; 1× everything else. $149 annual fee.
Rewards $454 · Fee −$149
+$305
+$207
Southwest Rapid Rewards Performance Business
4× travel booked direct, 2× dining; 1× everything else. $299 annual fee.
Rewards $493 · Fee −$299
+$194
Delta SkyMiles Platinum Business
3× travel booked direct; 1× everything else. $350 annual fee.
Rewards $373 · Fee −$350
+$23
How we estimate
- Every rate on this page comes from the card catalog. Southwest Rapid Rewards Performance Business pays 1× on spending outside the bonus categories listed above, and up to 4× on travel booked direct.
- We value this card's points at 1.3¢ each. Cash back is valued at 1¢.
- Net is a year of rewards minus the annual fee. Credits count only when you tick the box.
- Welcome bonuses are left out of the tool so the numbers read as an ordinary year.
- Rent is not in the boxes: most landlords charge a fee that cancels out the rewards, and only a few cards earn on rent at all. Add rent in the full calculator, where those rules are modelled.
- Travel-portal bookings are not in the boxes, because portal prices differ from booking direct. The portal rates are in the table above.
- Rates checked with issuers in October 2026. Terms change, so confirm with the issuer before you apply. Educational estimate, not financial advice.
One category doesn’t pick a wallet. Add the rest of your monthly spending to see which cards win across everything, fees included.
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Welcome bonus
80,000 points
About $1,040 if you redeem at 1.3¢ a point, and only if you clear the spending requirement.
Points and partners
Southwest Rapid Rewards
Transferable to airline and hotel partners.
Where this data came from
4x points on Southwest Airlines purchases; 2x points at gas stations and restaurants; 2x points on local transit and commuting (including rideshare); 2x on hotel accommodations booked directly with hotel; 1x on all other purchases
FAQ
The Southwest Rapid Rewards Performance Business charges $299 a year. Earning back $299 means about $639 a month on travel booked direct, where it earns 3.900000000000001¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest.
4× on travel booked direct, and 1× on spending outside its bonus categories.
It depends on your mix, not the card. Earning back $299 means about $639 a month on travel booked direct, where it earns 3.900000000000001¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest. Run your own numbers in the calculator above to see where it lands against the rest of the catalog.
The listed welcome offer is 80,000 points, and offers at these cards change often, so confirm the current terms and the spending requirement with the issuer before you apply. At 1.3¢ a point that is about $1,040, before you count the annual fee and whether you would clear the spending requirement for it.
Yes. It earns Southwest Rapid Rewards, which you can transfer to the partners below. Transfers are what make a 1.3¢ valuation reachable; using the points for cash back is worth far less.
No. The Southwest Rapid Rewards Performance Business charges no foreign transaction fee, so spending abroad earns at the same rate as at home, minus what the merchant adds.