[Expired] (Update) Chase Southwest Business Credit Cards 120,000 Points Signup Bonus

Deal has ended, view more credit card bonuses by clicking here.

Update 9/5/24: Sites with affiliate links are reporting this deal will end 9/17/24 at 7am Eastern

Update 6/30/24: The new 120k offer is now available via (newly generated) referral links (ht m16p). No referrals in the comments below.

The Offer

Southwest Business Performance | Southwest Business Premier

Southwest Rapid Rewards Premier Business Credit Card and Business Performance Credit Card are offering a signup bonus of up to 120,000 points:

• • Earn 80,000 points after you spend $5,000 on purchases in the first 3 months from your account opening.
  • Plus, earn an additional 40,000 points after you spend $15,000 on purchases in the first 9 months.

Offer slated to end 9/16/24.

 

Card Details

Premier:

• $99 annual fee not waived the first year
• Card earns the following rates:
  • 3x for for every $1 you spend on Southwest Airlines purchases
  • 2x points for every $1 you spend on Rapid Rewards hotel and car partners
  • 2x points per $1 you spend on local transit and commuting, including rideshare
  • 1x points for every $1 you spend on everyday purchases
• Get 25% back on in-flight purchases
• 2 earlybird check-ins per year
• Earn 1,500 tier qualifying points towards A-List status for every $10,000 spent, with no limit on the amount of TQPs you can earn
• 6,000 points anniversary bonus; the Plus earns 3,000 points anniversary bonus

Performance:

• $199 annual fee (not waived first year)
• Card earns at the following rates:
  • 3x Southwest points per $1 spent on Southwest and Rapid Rewards hotel and car rental partner purchases
  • 2x Southwest points per $1 spent on purchases in the following rewards categories: social media and search engine advertising; internet, cable, and phone services
  • 1x Southwest points per $1 spent on all other purchases
• Four upgrade boardings per year when available
  • Every anniversary year you will be reimbursed for the purchase of 4 upgraded boardings. Upgraded boardings are positions A1-A15. These can be purchased on the day of travel only at either the departure gate or ticket counter and aren’t always available. Price of these upgraded boardings varies based on the itinerary, I think it’s usually $30-$40.
  • The benefits of being in this boarding position is you may be able to get an exit row seat (and at worst you’ll get another seat you want) and you can find overhead bin space.
  • Anniversary year is defined as ‘the year beginning with your account open date through the first statement date after your account open date anniversary, and the 12 monthly billing cycles after that each year.’
• Up to $100 Global Entry or TSA PreCheck Fee Credit
• No foreign transaction fees
• 9,000 anniversary points each year
• Inflight WiFi Credits, up to a total of 365 $8 credits per year for all WiFi transactions on the overall business card account
• Earn tier qualifying points towards A-list status
  • For every $10,000 in purchases you make you’ll earn 1,500 tier qualifying points (TQPs), you’re limited to $100,000 in spend or 15,000 TQPs. These can be used towards qualifying for A-List status (35,000 TQPs or 25 qualifying one way flights) or A-List preferred (70,000 TQPS or 50 qualifying one way flights).
  • For this benefit, “Annually” means the year beginning with your account open date through the first December statement date of that same year, and each 12 billing cycles starting after your December statement date through the following December statement date.

See also these posts:

• Chase 5/24 rule does apply to these cards
• How Much Are Southwest Rapid Rewards Points Worth?
• Everything You Ever Wanted To Know About The Southwest Companion Pass

Our Verdict

We saw a similar offer last year, along with the high spend requirement to get the full bonus. I still consider it a nice offer for the large bonus and the fact that you’ll meet the 135,000 Companion Pass requirement with a single credit card signup.

Simply speaking, The Companion Pass timing isn’t ideal. Read this dedicated post where we broke down how it’s possible to delay signing up for the card until September and then get nearly two full years (2025 and 2026) of Companion Pass from this one card signup.

We’ll add this to our list of Best Credit Card Signup Bonuses. Before applying check out these 26 Things Everybody Should Know About Chase Credit Cards.