[Expired] New Southwest Performance Business Card Welcome Offer [120K Points + Companion Pass]

There’s a new welcome offer on the Southwest^® Rapid Rewards^® Performance Business Credit Card, and it’s the best we’ve ever seen.

Now, you can earn 120,000 Southwest Rapid Rewards points after spending $10,000 in the first 3 months. Plus, as a byproduct of earning those points, you could also earn a Companion Pass for buy-one-get-one travel.

Let’s look at the details of this new welcome offer and how you can earn a Southwest Companion Pass at the same time

Earn 120,000 Points and a Southwest Companion Pass

There’s a huge new welcome offer on the Southwest Performance Business card! New applicants can take advantage of this bonus offer:

Earn 120,000 Rapid Rewards points after spending $10,000 on purchases in the first 3 months.

Terms Apply / Rates & Fees

Southwest^® Rapid Rewards^® Performance Business Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Southwest frequent flyers will love the complimentary seat selection and bonus points on each cardmember anniversary.

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Southwest^® Rapid Rewards^® Performance Business Credit Card

Southwest frequent flyers will love the complimentary seat selection and bonus points on each cardmember anniversary.

Welcome Offer

Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.

80,000 points

UP's Offer Valuation*:

$1,040

Annual Fee

$299

APR

19.24% - 27.74% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Good to Excellent

Why We Like This Card

The Southwest^® Rapid Rewards^® Performance Business Credit Card is a phenomenal option for business owners who are Southwest frequent flyers. It helps you earn more points on business expenses, offers complimentary seat selection at the time of booking, and helps you reach higher levels of Southwest elite status.

Pros & Cons

Pros

• 4x points per $1 spent on Southwest purchases
• 2x points per $1 spent at gas stations and restaurants, with no annual cap
• 2x points per $1 spent on all hotel purchases

Cons

• $299 annual fee
• Doesn’t earn transferable rewards

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Card Highlights

• Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from account opening.
• 9,000 bonus points after your Cardmember anniversary.
• Earn 4X pts on Southwest^® purchases.
• Earn 2 points for every $1 you spend at gas stations and restaurants
• Earn 2X points on hotel accommodations booked directly with the hotel
• Earn 2X points on local transit and commuting, including rideshare.
• First checked bag free for Cardmembers and up to 8 additional passengers in the same reservation.
• Cardmembers and up to 8 passengers in the same reservation will board with Group 5 giving them earlier access to overhead bins.
• Member FDIC

Financial Snapshot

• APR: 19.24% - 27.74% Variable
• Foreign Transaction Fees: None

We’ve seen offers of 120,000 points on Southwest business cards before, but they required a whopping $15,000 in spending. This offer comes with those same 120,000 points but a lower $10,000 spending requirement.

We value Southwest points at 1.3 cents each, which makes this offer worth $1,560. That’s a huge value, but it actually gets even better. While not technically part of this new welcome offer, after earning those 120,000 points, you could set yourself up to also earn the Southwest Companion Pass.

After spending $10,000 on this card, you’ll have at least 10,000 Rapid Rewards points from the spending plus the 120,000 points from the welcome bonus offer. That will give you at least 130,000 points. Every Southwest credit card also comes with a 10,000-point Companion Pass boost (getting you closer to the 135,000-point annual requirement). If you complete your spending and earn the 120,000-point welcome bonus offer in 2025, you’ll have enough to earn the Companion Pass, which will be valid through the end of 2026.

The Southwest Companion Pass allows you to bring a companion with you on any Southwest flight for just the cost of the taxes and fees for the second ticket ($5.60 one way for domestic flights). That means you can bring a designated friend on any and every Southwest flight you take through the end of 2026. As long as there is a seat for sale (it doesn’t even need to be in the same fare class as the original ticket), you can add a companion.

Benefits of the Southwest Performance Business Card

The Southwest Performance Business card could be a good option for business owners who fly Southwest even a handful of times throughout the year. The card earns 4x points on Southwest purchases and 2x points in these categories:

Additionally, cardholders get 9,000 bonus points each year on the card’s anniversary and a 10,000-point boost towards earning the Companion Pass. There’s also a $120 Global Entry or TSA PreCheck fee credit. Plus, cardholders can earn Southwest elite status faster with 2,500 Tier Qualifying Points for every $5,000 spent annually.

This card even has some new benefits that apply to flights starting in 2026 to accommodate the airline’s new seat selection and boarding process.

• Complimentary Preferred Seat at the time of booking, when available
• First free checked bag for cardholder and up to 8 passengers on the same reservation
• Get a free Extra Legroom Seat up to 48 hours before boarding, when available
• Get group 5 early boarding for cardholder and up to 8 passengers on the same reservation

There are a few perks available on the card that will expire at the end of 2025:

• 3x points on hotel and car rental partners
• 2x points on social media and search engine advertising and internet, cable, and phone services
• $500 fee credit for point transfers
• 365 inflight Wi-Fi credits each year
• 4 Upgraded Boardings per year, when available

Final Thoughts

If you’re a business owner who flies Southwest, now is a fantastic time to apply for the Southwest Performance Business card. This card currently has its highest-ever welcome offer.

You can earn 120,000 Rapid Rewards points after spending $10,000 in the first 3 months. If you complete your spending and earn the welcome bonus in 2025, you’ll also be able to earn a Southwest Companion Pass, which will be valid until the end of 2026.