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Premier Southwest Rapid Rewards Business Card Review 2022 – Forbes Advisor

By on October 17, 2022 0

Earn rewards

The Southwest Rapid Rewards Premier Business card earns points in Southwest Airlines’ Rapid Rewards program. Quick Rewards can be redeemed for flights on Southwest Airlines.

The card earns its most generous rewards for Southwest Airlines flights, earning 3 points per dollar spent on Southwest purchases, 2 points per dollar spent on Rapid Rewards hotel and auto partners, and public transit and local travel. Earn 1 point per dollar spent on all other purchases.

Additionally, there is a welcome bonus of 60,000 points after spending $3,000 on purchases within the first 3 months of account opening. The Southwest® Rapid Rewards® Premier Business Credit Card also awards 6,000 points each year on your card’s anniversary.

Redeem rewards

To redeem your Rapid Rewards for flights on Southwest Airlines, select “Points” in the search panel on Southwest.com. The pricing of rewards on the airline is dynamic, so the number of points a ticket will cost you will correlate to the cash price of the ticket. When viewing your flight options, you can toggle between cash prices and the number of points required to book your flight.

Southwest does not have a reward chart and instead the cost of Southwest reward flights is dynamic and directly linked to the cash price of the flight. There are no blackout dates for using Rapid Rewards points, so if there is a flight bookable with cash, you can book it with points.

You can also redeem points for gift cards, merchandise, experiences, hotels, car rentals, other travel, and gift cards through the More Rewards program, but these options will generally earn less value than to use your points for flights.

Rewards potential

Using data from various government agencies, Forbes Advisor has developed estimates of the annual expenses of a family in the 70th percentile of income in various categories. We base our assumptions on a single proprietor in this income bracket. The 70th percentile of salaried households brings in $107,908 a year and has expenses of $32,072 that can be charged to credit cards.

Using these benchmark numbers, we’re assuming our example business spends $1,520 on plane tickets to the Southwest and earns 4,560 points. Assuming all other hotel and car rental expenses can be booked through eligible partners, this would earn an additional 4,484 points.

Additionally, the card earns 2 points per dollar on public transit, including carpooling, earning an additional 1,998 points on $999 spent.

That leaves $27,311 spent in non-bonus categories, earning an additional 27,311 points for a total of 38,353 points not including the first year welcome bonus. In year two and beyond, you’ll earn an additional 6,000 points on your card’s anniversary.