Consumer Payment Card News

Southwest Higher Altitude Business Card Ups Ante

Southwest Higher Altitude Business

Southwest higher altitude business card is offering a whopping 80K points sign-up bonus plus a 9K points card anniversary award. The 80K bonus points require a $5,000 card spend in the first three months. The new Southwest Rapid Rewards Performance Business Visa from Chase will set a standard in the very competitive business reward credit card market in the U.S.

Earning Points

Cardholders earn 3 points per $1 spent on Southwest Airlines (SWA) flights and hotel/car rental partners; 2 points per $1 spent on social media and search engine advertising; 2 points per $1 spent on internet, cable and phone services; four upgraded boardings per year (when available), Inflight WiFi Credits; and up to $100 Global Entry or TSA PreCheck Fee Credit.

SWA currently offers a Premier Business card version so the new enhanced Performance Business Visa includes the same benefits such as 1 point per $1 spent on all other purchases; earn tier qualifying points towards A-List and A-List preferred status (1,500 TQP for each $10,000 spend up to 15,000); points earned count towards Companion Pass; points don’t expire as long as account is open; no foreign transaction fees; and employee cards issued at no additional cost.

Redeeming Points

SWA is best known for no blackout dates or seat restrictions when you redeem with points; bags fly free; and no change fees.

To boost the launch of the new Rapid Rewards Performance Business Visa Chase and Southwest are hosting networking events for business owners called #BigDreamsStartSmall.

Card Pricing

The card carries a $199 annual fee. Current prime-based interest rates run from 18.24% to 25.24%.

Chase and SWA jointly offer three consumer Visa cards and two business Visa credit cards.

Robert McKinley, Senior Analyst of CardTrak, CardFlash and CardData, opines the new Southwest Rapid Rewards Performance Business Visa from Chase will throw a monkey wrench into the rewards business card market due to SWA’s strong record of high quality customer service, liberal redemption polices, no hassle ticket policies, and stellar corporate reputation. Of course partnering with the nation’s top credit card issuer doesn’t hurt either.

Award Winning Cards

The Southwest Rapid Rewards Premier Card from Chase won “Best Loyalty Credit Card” Freddie Award. Since its relaunch in 2011, Rapid Rewards has also won the Freddie Award for Best Customer Service a total of six years in a row.

Rapid Rewards

Originally launched in 1987, Rapid Rewards Members who once earned credits now earn points through qualifying Southwest Airlines flights or through qualifying purchases with SWA Partners. Members can redeem their points for every seat, every day, on every flight with absolutely no blackout dates or seat restrictions, and points won’t expire as long as Members have flight-earning or partner-earning activity at least once every 24 months. Points are earned for every dollar spent on SWA flights, and the amount of points earned is based on the fare and fare product purchased.

The number of Rapid Rewards Points that are needed to redeem for flights varies based on factors such as destination, time, day of travel, and availability. Rapid Rewards Points are also earned by spending with a variety of Rapid Rewards Partners. Rapid Rewards Credit cardmembers can redeem their points for expanded international travel, gift cards, hotels, car rentals, merchandise, and more.