Southwest Fast Rewards Efficiency Enterprise Credit score Card overview
The Southwest® Fast Rewards® Efficiency Enterprise Credit score Card is Southwest Airways’ top-tier enterprise bank card. It earns 4 factors per greenback on Southwest Airways purchases, 3 factors per greenback on Fast Rewards lodge and automobile rental companions and a couple of factors per greenback throughout standard enterprise classes. The annual charge is manageable, and Southwest flyers will get pleasure from helpful perks. Card Ranking*: ⭐⭐⭐
*Card ranking is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The Southwest Efficiency Enterprise card is a step up from the Southwest® Fast Rewards® Premier Enterprise Credit score Card, providing a powerful sign-up bonus, a greater rewards construction and a pleasant array of perks that make the upper $199 annual charge nicely value paying for loyal Southwest flyers.
The really useful credit score rating for this product is 670 or above.
Let’s dive into the professionals and cons of this enterprise card.
Southwest Efficiency Enterprise Card execs and cons
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Southwest Efficiency Enterprise Card welcome provide
Proper now, the Southwest Efficiency Enterprise card is providing 80,000 factors after spending $5,000 on purchases within the first three months from account opening.
TPG’s October 2024 valuations peg Southwest miles at 1.4 cents every, that means this bonus is value $1,120.
Bear in mind to test your eligibility earlier than making use of for this card. It’s topic to the Chase 5/24 rule, and there are restrictions on how usually you’ll be able to earn a Southwest welcome bonus.
Associated: Easy methods to shortly earn the Southwest Companion Go
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Southwest Efficiency Enterprise Card advantages
The Southwest Efficiency Enterprise card comes with a $199 annual charge, however the perks accompanying the cardboard make up for the associated fee for those who take full benefit of them — even after the primary 12 months of card membership.
4 Upgraded Boardings: Every anniversary 12 months, you will be reimbursed for as much as 4 A1-A15 boarding passes, which let you be among the many first to board. As a result of Southwest would not assign seats, Upgraded Boarding allows you to guarantee you’ll be able to seize the seat you need (and have room within the overhead bins). Upgraded Boarding passes are topic to availability.
9,000 anniversary bonus factors: Annually after your account anniversary, you will routinely obtain 9,000 bonus factors. Which means you are primarily getting $126 value of factors every year after the primary 12 months only for being an energetic cardholder, based mostly on TPG’s October 2024 valuations.
Inflight Wi-Fi credit: Southwest will reimburse you for as much as 365 $8 inflight Wi-Fi purchases as an announcement credit score. In different phrases, you could possibly buy an all-day inflight Wi-Fi go daily of the 12 months, and Southwest would cowl it.
Standing Increase: You will earn 1,500 tier-qualifying factors per $5,000 you spend on purchases in a calendar 12 months that can assist you attain elite standing quicker. There is no restrict on the variety of TQPs you’ll be able to earn.
International Entry or TSA PreCheck: As soon as each 4 years, you’ll be able to obtain an announcement credit score (as much as $120) in your International Entry or TSA PreCheck software charge.
Free worker playing cards: You pay no charge for extra worker playing cards and can earn factors on worker spending. You possibly can set spending limits on worker playing cards by calling cardmember providers.
$500 charge credit score for factors transfers per 12 months: Switch factors to a different Fast Rewards member, and as much as $500 in charges related to the switch will probably be reimbursed every account anniversary 12 months.
Whereas not particular to this card, keep in mind that Southwest affords the next perks to all vacationers:
- Free checked luggage: Your first and second checked luggage at all times fly free, supplied they match inside sure measurement restrictions
- No change charges: Southwest will not cost you a charge for switching your flight itinerary — you will simply be charged the fare distinction when relevant. This even applies to award tickets, and altering your flight may be very easy
- Free cancellations: In case your plans change, you do not have to fret about paying a cancellation charge. Enterprise Choose and Anytime fares are totally refundable. Nonetheless, for those who cancel a Wanna Get Away or Wanna Get Away Plus fare, you will get your refund as a flight credit score towards future Southwest itineraries
Associated: Is the Southwest Efficiency Enterprise Card well worth the annual charge?
Incomes factors on the Southwest Efficiency Enterprise Card
Because the extra premium enterprise card, the Southwest Efficiency Enterprise card has a better incomes price than different Southwest card choices. You will earn:
- 4 factors per greenback on Southwest Airways purchases
- 3 factors per greenback on Fast Rewards lodge and automobile rental companions
- 2 factors per greenback for native transit and commuting, together with ride-hailing providers
- 2 factors per greenback for social media and search engine promoting
- 2 factors per greenback for web, cable and telephone providers
- 1 level per greenback for all different eligible purchases
That is a 5.6% return on Southwest purchases and an virtually 3% return on eligible enterprise purchases.
Nonetheless, you will be higher off utilizing the Chase Sapphire Reserve® or Ink Enterprise Most well-liked® Credit score Card for normal journey past Southwest Airways purchases. Each playing cards earn 3 Chase Final Rewards factors per greenback on journey purchases (as much as the primary $150,000 in mixed purchases for the Ink Enterprise Most well-liked), which you’ll switch to Southwest Fast Rewards for an excellent greater redemption price.
Associated: 10 straightforward methods to earn extra Fast Rewards factors
Redeeming factors on the Southwest Efficiency Enterprise Card
The Southwest Efficiency Enterprise card earns Fast Rewards factors, so you will get probably the most worth if you redeem your factors for award journey. As a result of Southwest has no home or worldwide airline companions, you solely get most worth when redeeming on Southwest-operated flights.
Southwest has a easy redemption system: The extra a flight prices in money, the extra it prices in factors. Whilst you’re much less more likely to discover out-of-this-world offers, you additionally get assured worth out of your factors.
Redeeming factors for Southwest award flights can also be easy. Simply log in to your account, put in your search parameters on Southwest’s web site, select your required accessible flight and comply with the on-screen steps to take a look at. You’ll have to pay extra taxes and costs on worldwide routes, however Southwest is clear about these all through the search course of.
The airline additionally has a incredible customer-friendly refund coverage: You possibly can change or cancel any award ticket anytime and get the factors refunded for no charges, even when redeeming for the most cost effective Wanna Get Away tickets.
Southwest has a journey portal for worldwide flights on different carriers, however you are usually not going to get as nice a return if you redeem factors that approach. Moreover, you’ll be able to redeem factors on motels, automobile leases or merchandise. Nonetheless, we suggest skipping these choices and utilizing them for Southwest award flights to get probably the most worth out of your factors.
TPG senior author Tarah Chieffi was in a position to make use of Southwest factors to pay for a portion of the price of her journey. She used 37,000 factors to complement her out-of-pocket price of two round-trip tickets to Orlando. Whereas it is not at all times one of the best worth, paying with a mix of money and factors could be a good way to successfully use a smaller variety of Southwest factors.
Associated: Easy methods to redeem Southwest Fast Rewards factors
Which playing cards compete with the Southwest Efficiency Enterprise Card?
Even for those who’re a Southwest-loyal enterprise proprietor, the Southwest Efficiency Enterprise card is probably not the best choice.
For extra particulars, see our full record of greatest enterprise bank cards and greatest airline bank cards.
Learn extra: Easy methods to get a enterprise bank card
Backside line
When you’re a enterprise proprietor who flies Southwest regularly, the Southwest Efficiency Enterprise card is a good choice. You will get nice worth from its Southwest-specific perks and the excessive welcome bonus.
Nonetheless, you will wish to select a special product for those who solely often fly Southwest or spend most of your corporation finances outdoors the cardboard’s bonus classes.
Apply right here: Southwest Efficiency Enterprise Credit score Card
Associated: 9 causes to get a enterprise bank card
