If you fly Southwest and you’re a freelancer or small-business owner, this increased sign-up bonus is worth a look.
The Southwest Rapid Rewards Performance Business Credit Card is offering up to 100,000 Southwest points: 70,000 points after you spend $5,000 in the first three months, and another 30,000 points after you spend $25,000 in the first six months.
Not only will this bonus help you book several award flights, but the bonus can also help you earn the airline’s Companion Pass benefit.
The Companion Pass lets you bring a designated friend or family member along on all your Southwest flights. To earn it, you need 125,000 qualifying points in a calendar year.
See Business Insider’s list of the best airline credit cards »
Southwest has two business credit cards in addition to three options for consumers, and one of those two cards just launched its highest-ever sign-up bonus.
The Southwest Rapid Rewards Performance Business card, which has a $199 annual fee, is offering up to 100,000 points. You’ll earn 70,000 points after you spend $5,000 in the first three months from account opening, and another 30,000 points after you spend $25,000 in the first six months.
Keep in mind that we’re focusing on the rewards and perks that make these credit cards great options, not things like interest rates and late fees, which will far outweigh the value of any points or miles. It’s important to practice financial discipline when using credit cards by paying your balances in full each month, making payments on time, and only spending what you can afford to pay back.
With 100,000 Southwest points, you’ll be able to book several award flights. The minimum spending requirement to earn the full 100,000-point bonus is high, but this is a business credit card, and many companies easily spend $25,000 in a month, let alone in six months. Also keep in mind that the deadline to file taxes is April 15 — you could pay your business taxes with the Performance Business card to work toward that high spending requirement. Just keep in mind that there’s a fee of at least 1.87% for paying taxes with a credit card.
Even if you only meet the first spending tier and earn 70,000 points, the rewards should help you book at least a few flights, depending on where you’re traveling.
Read more: How to qualify and apply for a business credit card
Southwest Performance Business card details
Annual fee: $199
Points earning: 3x points on Southwest purchases, 2x points on social media and search engine advertising, and internet, cable, and phone services, 1 point per dollar on everything else
Anniversary bonus: 9,000 points after your cardmember anniversary
Top benefits: 4 upgraded boardings per year, in-flight Wi-Fi credits, up to a $100 statement credit to cover the application fee for Global Entry or TSA PreCheck (note that Global Entry is currently unavailable for New York residents)
The Southwest Performance Business card is best for small-business owners who fly Southwest several times a …read more
Source:: Business Insider