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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Southwest Premier Business Card review: A budget-friendly choice for Southwest loyalists
Matt Moffitt is a contributing editor and expert in getting the most out of credit cards and points (he carries at least 25 cards in his wallet at any given time). Originally from Sydney, Australia, he won the Green Card Lottery and lived in Austin, Texas for 10 years before relocating to Spain in 2025.
October 5, 2026 • 10 min read
ZACH GRIFF/THE POINTS GUY
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Quick summary
A business travel card tailored for Southwest Airlines flyers offers perks like free checked bags, priority boarding and an annual points bonus.
The annual points bonus can offset a significant portion of the card's yearly cost, especially for those who use Southwest regularly.
Rewards are most valuable when redeemed for Southwest-operated flights, with consistent point values and flexible cancellation policies.
The card is best suited for small-business owners who primarily fly Southwest a few times a year and want straightforward travel benefits.
What to consider
Rewards earned are only applicable to Southwest flights and cannot be transferred to other airlines or programs.
Bonus earning categories are limited to Southwest, gas stations and restaurants, with a cap on combined gas and dining rewards each year.
Eligibility for the welcome bonus is restricted if you've received a similar bonus in the past 24 months, and application is subject to certain approval rules.
What you'll miss from the article
A detailed comparison of similar business travel cards, including which travelers benefit most from each option and the trade-offs between flexible and airline-specific rewards.
Generated by AI with support from our editorial team.
The (see rates and fees) is Southwest Airlines' entry-level business card, and I think it's a smart pick for small-business owners who fly the airline a few times a year. For a $149 annual fee, you get a free checked bag, priority boarding, preferred seat selection and a yearly points bonus that covers a good chunk of the fee on its own. Card rating*: ⭐⭐⭐½
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
Southwest Premier Business: The basics
The won't massively change how you travel, but it will make Southwest flights easier and cheaper.
For a $149 annual fee, you get a free checked bag, priority boarding and preferred seats (for you and up to eight people on the same reservation). You also get 6,000 bonus points every account anniversary, which effectively covers half the annual fee before you’ve done anything.
The card really earns its keep when you’re spending with Southwest, earning 3 points per dollar spent. Gas stations and restaurants earn 2 points per dollar (on the first $8,000 in combined annual spending), which can be useful if those are a big part of your business expenses. Everything else earns just 1 point per dollar spent, so I’d use a different card for those purchases.
The biggest detail to keep in mind is that this is a cobranded card. The points are only useful for Southwest flights and can’t be transferred to other airlines. If you’re loyal to Southwest, that’s not necessarily a problem. But if you like having the flexibility to shop around for flights, it’s a real limitation.
Southwest Premier Business pros and cons
Pros
Cons
Annual bonus points that offset much of the fee
Free first checked bag and priority boarding
Unlimited tier qualifying points to speed up elite status
Boosts your progress toward the Companion Pass
Rewards are only useful with Southwest
Bonus categories are limited
Modest earnings outside Southwest, gas and dining
No statement credits
Southwest Premier Business benefits
Although the doesn't get you into a lounge, its perks are the day-of-travel kind that add up quickly if you fly Southwest regularly.
Annual bonus points
Each account anniversary, Southwest automatically awards you 6,000 bonus points. Based on TPG's October 2026 valuations, they're worth $75, which covers half the annual fee before you've booked a single flight. I like this kind of benefit because you don't have to activate anything or hit a spending threshold to receive it.
Bag, boarding and seat perks
You get a free first checked bag for yourself and up to eight passengers on the same reservation. A standard first checked bag costs $45, so you and a companion flying round-trip would save $180. One trip like that and the annual fee is more than covered.
KATIE GENTER/THE POINTS GUY
The card also gives you Group 5 priority boarding for you and up to eight travelers on the same reservation. If you have A-List status, you can board even earlier. And you can select preferred seats (when available) for you and up to eight passengers on the same reservation within 48 hours of departure.
Elite status and Companion Pass boosts
You earn 2,000 tier qualifying points for every $5,000 you spend on the card each year, and there's no cap on how many you can earn. That can help you reach A-List or A-List Preferred status faster.
Each year, the card also gives you a boost of 10,000 Companion Pass qualifying points (toward the 135,000-point threshold). Both the points from the welcome offer and regular spending on the card count toward earning a Companion Pass.
Flight and inflight discounts
Each anniversary year, you receive a promotional code for 15% off a flight bought with cash (excluding Basic fares). It's not a headline benefit, but it's worth using on a trip you were already planning.
You'll also receive 25% back on inflight drink and Wi-Fi purchases when using your card.
Other perks
Free employee cards: There's no fee for additional employee cards, and you earn points on their spending. You can also set individual spending limits.
No foreign transaction fees: This makes the card a workable option for business travel abroad.
3 points per dollar spent on Southwest Airlines purchases (a 3.8% return based on TPG's valuations)
2 points per dollar spent at gas stations and restaurants (on the first $8,000 in combined purchases per year; a 2.5% return)
1 point per dollar spent on all other eligible purchases (a 1.3% return)
Outside of Southwest purchases and gas and dining, this isn't a card I'd reach for. For everyday business spending, I'd use a card like the (see rates and fees) or the , both of which earn more flexible rewards.
The primary way to use Southwest Rapid Rewards points is to book Southwest-operated flights. Southwest's award pricing is tied to the cash price of the ticket, so the more expensive the flight, the more points it costs. You won't find outsize value here, but you get fairly consistent returns.
Booking is simple: Choose "Points" instead of "Dollars" when you search for flights on Southwest's website. Award tickets still require payment of taxes and fees (starting at $5.60 each way), but they're fully refundable, and there's no penalty for canceling as long as you do so at least 10 minutes before departure.
DAVID SLOTNICK/THE POINTS GUY
My most recent redemption was a round-trip, nonstop itinerary from Austin to Albuquerque, New Mexico. I redeemed 23,000 points (plus $11.20 in taxes and fees), giving me a solid value of 1.3 cents per point (compared to the $312 cash price).
TPG newsletter and partnerships editor Emily Thompson is a frequent Southwest flyer with multiple Southwest credit cards. She often tops up the points earned from her Premier Business by transferring additional points from her (see rates and fees) for flights.
Southwest also offers hotels and car rentals on its travel portal, but the rates are subpar compared to using your points for Southwest-operated flights.
Downsides to consider about the Southwest Premier Business
The biggest limit is that the rewards you earn only work with Southwest. Rapid Rewards points don't transfer to other airlines, so if you'd rather book whichever carrier has the cheapest fare, points from a flexible card such as the will serve you better.
The earning structure is also thin. Southwest purchases and gas and dining are the only bonus categories, and the $8,000 combined cap on gas and dining limits the upside. There are no statement credits either, so if you want a card that reimburses recurring business expenses, look elsewhere.
Southwest Premier Business vs. Southwest Performance Business
Both cards include a free first checked bag, Group 5 priority boarding, free employee cards, no foreign transaction fees and the 10,000-point annual Companion Pass boost.
The (see rates and fees) costs $150 more each year. You get 3,000 extra anniversary points (worth $38, per our valuations) and 1 extra point per dollar spent on Southwest purchases, direct hotel bookings and local transit.
XAVIER LORENZO/GETTY IMAGES
By my math, once you count the anniversary bonus, you'd need about $9,000 of spending a year in those categories for the extra earnings to cover the rest of the fee. Free extra-legroom seats (at 48 hours before departure), preferred seats at booking and quicker elite qualifying benefits are what tip the scale for frequent Southwest flyers.
My rule of thumb: If you fly Southwest a handful of times a year, the ' lower annual fee is easier to justify. If you're on board often enough to use the extra perks and spend heavily in the bonus categories, the Performance Business can pay for itself.
New cardholders can earn 80,000 points after spending $3,000 on purchases in the first three months from account opening. That's worth $1,000 (according to our valuations).
Welcome bonuses from Southwest cards also count toward the Companion Pass. Once earned, the Companion Pass is valid for the remainder of the calendar year and the entire following year, so the earlier in the year you earn it, the more you get out of it.
Before you apply, check your eligibility. This card, like most Chase cobranded cards, is subject to Chase's 5/24 rule. There are also restrictions on how often you can earn a Southwest welcome bonus. If you've earned a welcome bonus on this card in the past 24 months, you may not be eligible.
Other cards to consider if you don't want the Southwest Premier Business
If you'd rather have flexible rewards or a simpler no-fee option, these are the cards I'd look at:
If you want flexible rewards: The earns Chase Ultimate Rewards points that you can transfer to Southwest or any of Chase’s 13 other travel partners. To learn more, check out our full review of the Ink Business Preferred.
If you want simple cash back: The (see rates and fees) earns a flat 2% cash rewards on purchases with no annual fee, which makes it a straightforward option for spending that doesn't earn bonus points elsewhere. To learn more, check out our full review of the Wells Fargo Signify Business Cash.
Apply for the if you're a business owner who already flies Southwest and wants a low-fee card that pays you back in bags, boarding and bonus points. The perks are simple and easy to maximize, so the card keeps earning its annual fee back every year you keep flying the airline.
However, skip the card if you split your flying across airlines or want flexible points on all your business spending.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
