Southwest Premier Business Benefits, Credits & Annual Fee

• Earn 80,000 points after spending $3,000 in 3 months

  80,000 Bonus Points After You Spend $3,000 On Purchases In The First 3 Months From Account Opening: This new Cardmember bonus offer is not available to either (i) current Cardmembers of this business credit card, or (ii) previous Cardmembers of this business credit card who received a new Cardmember bonus for this business credit card within the last 24 months.

  Checked Oct 14, 2026Source

• Anniversary Bonus Points6,000 pts / yr

  Get 6,000 Rapid Rewards bonus points added to your account each year on your cardmember anniversary. No action is required - points are deposited automatically. These count toward Companion Pass qualifying points.

  Checked Jul 4, 2026
• Fee Credit for Point Transfers$500 / yrTrackable

  Get up to $500 back per year as a statement credit to cover fees when transferring your Rapid Rewards points to another member's account. Credits post automatically when eligible transfer fees appear on your statement. This benefit expires Dec. 31, and unused credit does not roll over.

  Resets: Calendar yearChecked Jul 4, 2026
• Inflight Purchase Statement Credit

  Get 25% back as a statement credit on Southwest inflight drinks and WiFi. Pay with your Southwest Premier Business card; the credit appears on your card account statement. Other inflight purchases do not qualify.

  Checked Sep 28, 2026

Travel Benefits

• Companion Pass Qualifying Points Boost10,000 pts / yrTrackable

  Get a one-time boost of 10,000 Companion Pass qualifying points each calendar year, automatically deposited into your Rapid Rewards account by January 31st. New cardholders may receive the boost within 30 days of account opening instead. These points count toward the 135,000 needed to earn a Companion Pass.

  Resets: Calendar yearChecked Jul 4, 2026
• First Checked Bag Free

  Get your first standard checked bag free on Southwest flights. Add your Rapid Rewards number to the reservation so the benefit can be applied. It covers the primary cardmember and up to eight other passengers on the same reservation.

  Checked Sep 28, 2026
• Flight Discount CodeTrackable

  Once per anniversary year, you receive a promo code good for 15% off a Southwest flight booking. Enter it at checkout on Southwest.com or the app and it applies to the base fare. The code is not valid on Basic fares or previously booked flights.

  Resets: Card anniversaryChecked Jul 4, 2026
• Preferred Seat Selection

  Starting 48 hours before departure, you can choose a Standard or Preferred seat at no extra charge when seats are available. Up to eight additional passengers on the same reservation are also eligible. This perk applies to Southwest flights with assigned seating in 2026 and beyond.

  Checked Jul 4, 2026
• Priority Boarding

  Board with Group 5 on Southwest flights, giving you earlier access to overhead bins ahead of general passengers. The benefit extends to up to eight travelers on the same reservation. This applies to flights operating with assigned seating in 2026 and beyond.

  Checked Jul 4, 2026

Airline Status

• Status Boost (Tier Qualifying Points)2,000 pts / yrTrackableMin spend $5,000

  Earn 2,000 tier qualifying points (TQPs) toward Southwest A-List status for every $5,000 spent on purchases annually. Repeating milestone with no stated cap on TQP accumulation from card spend.

  Resets: Calendar yearChecked Sep 14, 2026

Travel Insurance

• Baggage Delay Insurance

  Reimburses up to $100 per day for up to 3 days when your baggage is delayed more than 6 hours. Use it to cover essential purchases like toiletries and clothing while you wait. Keep your receipts and file a claim through the card's benefits administrator.

  Checked Oct 9, 2026
• Lost Luggage Reimbursement

  Covers repair or replacement costs up to $3,000 per covered traveler if checked or carry-on baggage is lost, damaged, or stolen during a covered trip. File a claim through your card's benefits administrator after the incident. Coverage applies to the cardholder and eligible traveling companions on the same itinerary.

  Checked Oct 9, 2026

Bonus Earnings

• 2x Points on Gas Stations and Restaurants2x points

  Earn 2 Rapid Rewards points per $1 spent at gas stations and restaurants, up to $8,000 in combined purchases each anniversary year. After hitting that cap, spending in these categories drops to the standard 1 point per $1.

  Checked Sep 30, 2026
• 3x Points on Southwest Purchases3x points

  Earn 3 Rapid Rewards points per $1 spent on Southwest Airlines purchases. Use your Southwest Premier Business card to pay for qualifying Southwest purchases. Purchases outside this category earn points at the card’s applicable rate.

  Checked Sep 30, 2026
• Balance Transfer Points1 pts

  Earn 1 Rapid Rewards point per $1 on qualifying balance transfers. Make transfers during the first 90 days after your original account opening date to earn points. The earning rate applies only to the first $15,000 transferred.

  Checked Sep 30, 2026
• Companion Pass Qualifying Points from Card Spending

  Points earned from spending on your Rapid Rewards credit card count toward Southwest Companion Pass qualification. Use the card for purchases to earn qualifying points alongside points from eligible Southwest flights and Rapid Rewards partners. Companion Pass qualification is based on points earned under Southwest’s rules.

  Checked Sep 28, 2026
• Referral Bonus Points20,000 pts

  Earn 20,000 bonus points for each friend or business owner you refer who gets approved for a Southwest Rapid Rewards credit card. Share your referral link to start. You can earn up to 100,000 bonus points per year.

  Checked Oct 9, 2026

Purchase Protection

• Extended Warranty Protection

  Adds one extra year to a manufacturer's U.S. warranty on eligible purchases. It applies to original warranties of three years or less, extending coverage up to four years from the purchase date. Pay for the item with your card to activate protection.

  Checked Oct 9, 2026
• Purchase Protection

  Covers new purchases against damage or theft for 120 days from the purchase date, up to $10,000 per item. Pay with your card to activate coverage, then file a claim with the benefits administrator if something goes wrong. Does not cover lost items.

  Checked Oct 9, 2026

Fees & Miscellaneous

• Employee Cards at No Additional Cost

  Add employee cards to your account at no extra charge, with the ability to set individual spending limits for each cardholder. Purchases made on employee cards earn Rapid Rewards points that go to the business account. There is no stated limit on the number of employee cards you can add.

  Checked Jul 4, 2026
• Free Employee Cards

  You can add employee cards to your account at no additional cost. All purchases made by employees earn Rapid Rewards points that flow directly into the primary cardholder's account, with no stated cap on the number of cards you can add.

  Checked Jul 4, 2026
• No Foreign Transaction Fees

  Pay no foreign transaction fees when using your card for purchases made outside the United States. This applies to all international transactions regardless of currency. No action is needed - the fee is simply never charged.

  Checked Jul 4, 2026