Increased Offer On Southwest Performance Business Card
The Southwest Business Performance card launched to much fanfare a few years ago. The card comes with some great perks for loyal Southwest flyers. The offer has bounced around over the last few years but Chase recently updated it once again. The current offer is the best one in terms of value in my opinion, even though it has gone as high as 100,000 points (with a ton of spend required). Let’s take a look at the details and who it does, and doesn’t, make sense for.
You should also be aware that Southwest just made their points worth 5%-6% less this week with a no notice devaluation.
These Offers May Have Changed Or Ended
Details of the Offer
Let’s first take a look at the offer:
- Earn 80,000 points after you spend $5,000 on purchases within 3 months of account opening.
- $199 annual fee is NOT waived
- Learn More
This offer has been up to 100K in the past but it required a hefty $25,000 in spend.
Cardholder Perks
I have long said that the Southwest Performance Business card is the best one out there for frequent Southwest flyers. It offers some pretty great perks that more than offset the annual fee. Let’s take a look at the best ones:
- Up to 365 in-flight WiFi credits per year. And yes you can use them on “co-workers”.
- 4 free upgraded boardings per year
- 9,000 bonus points every anniversary
- $100 Global Entry or TSA PreCheck credit every 4 years
- Learn More
Earning Structure
The Southwest Business Performance has the following earning structure:
- Earn 3 points for every $1 you spend on Southwest Airlines purchases.
- Earn 2 points for every $1 you spend on social media and search engine advertising; internet, cable, and phone services.
- Earn 1 point for every dollar you spend on all other purchases.
Who This Offer Makes Sense For & Who It Doesn’t Make Sense For
Conventional wisdom is to wait until the end of the year to grab your Southwest cards. That is because if you time it right you can earn a companion pass with Southwest for almost two years. That is why people will sign up for a card in November or December and wait to complete the required spending until January or February.
If that was your plan all along I wouldn’t let this offer change your plans. If you are starting from 0 then there is no point to get started in the middle of the year.
I would say it may make sense if you have already had some Southwest flights, credit card earning or have a lot of upcoming travel. That is because Southwest reduced the requirements to earn a companion pass this year from 125,000 points to 100,000 and this offer would get you 85,000 of the required 100K.
So if you already have 10K-15K of earnings in your account, and have some upcoming flights that you are traveling with a companion, it could make sense to do it now. Especially if you have more Southwest travel planned this year versus next year (unlikely but possible). The free Wi-Fi credits for your traveling crew could be icing on the cake as well.
Final Thoughts
While this increased offer may not make sense to many people reading this it could make sense if the circumstances are right. Only you can decide if that is you or not. A lot of it will depend on how many Rapid Rewards points you have already earned this year and how many flights you have planned for the rest of the year. If you have enough of either it could make sense to jump on this offer. Remember that you need to be under Chase 5/24 to qualify for the Southwest Business Performance card offer.
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