Update 10/21/25: Originally this was showing an end date of 10/22/25. I’m hearing now from good sourcing that it should be around until 10/27/25. (I wonder if we’ll also see other bonuses change on 10/27/25, but this part is pure speculation on my part.)
The Offer
Southwest Business Performance
Southwest Rapid Rewards Performance Business Credit Card is offering a signup bonus of 120,000 points:
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- Earn 120,000 bonus points after you spend $10,000 on purchases in the first 3 months from account opening.
Offer slated to end 10/22/25.
Card Details
- $299 annual fee (not waived first year)
- Card earns at the following rates:
- 3x Southwest points per $1 spent on Southwest and Rapid Rewards hotel and car rental partner purchases
- 2x Southwest points per $1 spent on purchases in the following rewards categories: social media and search engine advertising; internet, cable, and phone services
- 1x Southwest points per $1 spent on all other purchases
- Four upgrade boardings per year when available
- Every anniversary year you will be reimbursed for the purchase of 4 upgraded boardings. Upgraded boardings are positions A1-A15. These can be purchased on the day of travel only at either the departure gate or ticket counter and aren’t always available. Price of these upgraded boardings varies based on the itinerary, I think it’s usually $30-$40.
- The benefits of being in this boarding position is you may be able to get an exit row seat (and at worst you’ll get another seat you want) and you can find overhead bin space.
- Anniversary year is defined as ‘the year beginning with your account open date through the first statement date after your account open date anniversary, and the 12 monthly billing cycles after that each year.’
- Up to $100 Global Entry or TSA PreCheck Fee Credit
- No foreign transaction fees
- 9,000 anniversary points each year
- Inflight WiFi Credits, up to a total of 365 $8 credits per year for all WiFi transactions on the overall business card account
- Earn tier qualifying points towards A-list status
- For every $10,000 in purchases you make you’ll earn 1,500 tier qualifying points (TQPs), you’re limited to $100,000 in spend or 15,000 TQPs. These can be used towards qualifying for A-List status (35,000 TQPs or 25 qualifying one way flights) or A-List preferred (70,000 TQPS or 50 qualifying one way flights).
- For this benefit, “Annually” means the year beginning with your account open date through the first December statement date of that same year, and each 12 billing cycles starting after your December statement date through the following December statement date.
See also these posts:
- Chase 5/24 rule does apply to these cards
- How Much Are Southwest Rapid Rewards Points Worth?
- Everything You Ever Wanted To Know About The Southwest Companion Pass
Our Verdict
We saw a similar offer last year, this time the spend requirement is lower. What’s especially nice about this offer is that you’ll meet the 135,000 Companion Pass requirement with a single credit card signup given the 120k + 10k annual bonus + at least 10k from the spend. We discussed in a recent post regarding the personal Southwest signup bonuses on how you can time your spend to get your points to all post in 2026, and thus land up with two years of the Southwest Companion Pass. You can do similar timing play with this business card signup.
We’ll add this to our list of Best Credit Card Signup Bonuses. Before applying check out these 26 Things Everybody Should Know About Chase Credit Cards.
