Southwest Rapid Rewards Performance Business by Chase: 4x flights / airfare, 2x dining & restaurants, 2x gas stations, 2x hotels, 2x transit & commuting,…
The Southwest Rapid Rewards Performance Business is Chase's mid-tier credit card. The $299/yr annual fee includes a 80,000-point welcome bonus after spending $5,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| TSA PreCheck / Global Entry / NEXUS credit | $120/quadrennial | One statement credit of up to $120 every four years as reimbursement for the application fee for Global Entry, TSA PreCheck, or NEXUS when the card is used to pay the fee. Long-term cycle credit — not annualized in this row. |
| 9,000-point anniversary bonus | $90/yr | 9,000 bonus Southwest Rapid Rewards points each year after the cardmember anniversary. Underlying benefit is 9,000 points; the $90/yr figure is a conservative dollar valuation derived from the points (see notes for methodology). |
Welcome bonus value (year one): ~$1040. Annual statement credits: $210. Minus the $299 annual fee = ~$951 in year-one net value before any spending earn. RewardsGuru rating: 3.6/5 — based on our net-value methodology.
Best fit: small-business owners who can run business expenses through one card and want the welcome bonus + category multipliers. Skip if: you don't have separate business spend or you'd struggle to hit the welcome-bonus spending requirement.
80,000 points after spending $5,000 in the first 3 months. At our ~1.3¢/pt valuation, that's roughly $1040 in real value.
Year-one math: welcome bonus value (~$1040) + annual credits ($210) − $299 fee = ~$951 net before spending earn. Year-two onward, the credits alone need to clear $299 — they do not. Worth it if you'll use the credits, skip if you'd let them expire.
2 recurring statement credits: TSA PreCheck / Global Entry / NEXUS credit ($120), 9,000-point anniversary bonus ($90/yr). Total: $210/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Chase's product page has the current rate.