Southwest Speedy Rewards Premier Enterprise Credit score Card Overview
The Southwest® Speedy Rewards® Premier Enterprise Credit score Card is the airline’s entry-level enterprise bank card. It presents 3 factors per greenback on Southwest Airways purchases and a pair of factors per greenback on native transit and commuting, together with ride-hailing and Speedy Rewards resort and automotive rental companions. With an annual charge of $99, the Premier card is a good decide for thrifty Southwest loyalists. Card score*: ⭐⭐⭐½
*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Airline-specific bank cards aren’t typically the first picks for journey bank cards since they have an inclination to function restricted advantages that solely apply to a particular airline.
Nonetheless, the Southwest Speedy Rewards Premier Enterprise Credit score Card could be a good selection for small-business house owners. Its decrease annual charge and interesting bonus classes let you earn factors on almost all of your bills.
Permitted candidates sometimes have credit score scores above 740.
Here is what you could know if you happen to’re contemplating the Southwest Premier Enterprise card on your firm.
Southwest Premier Enterprise execs and cons
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Southwest Premier Enterprise welcome provide
Proper now, new cardholders can earn 60,000 factors after spending $3,000 on purchases within the first three months from account opening. In line with TPG’s October 2024 valuations, this provide is value $840.
Along with the factors worth, do not forget that sign-up bonuses from Southwest playing cards depend towards Companion Go qualification.
As soon as earned, the Companion Go is legitimate for the rest of the yr and the next yr, so incomes it as early into the calendar yr as attainable will aid you obtain the utmost advantage of the cross.
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Associated: How you can use the Southwest Companion Go
Southwest Premier Enterprise advantages
The Southwest Premier Enterprise card has a $99 annual charge and presents a justifiable share of perks that may make it a worthwhile card for infrequent Southwest flyers.
Two Early Hen Verify-Ins annually: Southwest doesn’t assign seating however as a substitute permits flyers to test in 24 hours earlier than the flight to acquire their boarding place. The sooner you test in, the higher the probabilities of snagging your most well-liked seat whenever you board. The Early Hen perk mechanically checks you in 36 hours earlier than your flight, 12 hours earlier than flyers with out the perk — and you will get pleasure from this perk twice per yr with the cardboard.
6,000 anniversary bonus factors: In your account anniversary, Southwest will mechanically award you 6,000 anniversary bonus factors (value as much as $84, in response to TPG’s October 2024 valuations). This alone successfully covers nearly the entire card’s annual charge.
Standing Increase: You’ll earn 1,500 Tier Qualifying Factors (TQPs) per $5,000 spent on the Premier card in a yr. This may also help you earn A-Listing or A-Listing Most well-liked standing quicker.
Free worker playing cards: There aren’t any charges for extra worker playing cards, and the unique cardholder will earn factors on worker spending. Enterprise house owners can contact cardmember providers to place a spending restrict on worker playing cards.
$500 charge credit score for level transfers: Southwest will cowl as much as $500 in charges related to level transfers annually. Transferring Speedy Rewards factors to a different member sometimes prices $10 per 1,000 factors transferred, so you may switch as much as 50,000 factors yearly with out paying extra charges (after Southwest’s reimbursement).
Southwest additionally offers advantages to all of its flyers, impartial of whether or not they maintain a bank card with the airline or not. These advantages embrace two free checked baggage with each flight, no change charges (flyers do pay any relevant fare distinction between the earlier and present ticket) and free cancellations — although some tickets are nonrefundable and shall be returned as flight credit score.
Associated: Why I select Southwest each time
Incomes factors on the Southwest Premier Enterprise
The Southwest Premier Enterprise card earns:
- 3 factors per greenback on Southwest Airways purchases
- 2 factors per greenback on Speedy Rewards resort and automotive rental companions
- 2 factors per greenback for native transit and commuting, together with ride-hailing providers
- 1 level per greenback for all different eligible purchases
And for each $5,000 spent on the cardboard inside a calendar yr, you’ll earn 1,500 Tier Qualifying Factors (TQPs). There isn’t any restrict on the variety of TQPs you may earn — so you would (theoretically) spend your approach to Southwest elite standing with out ever setting foot on a airplane.
Redeeming factors on the Southwest Premier Enterprise
The first redemption possibility for Speedy Rewards factors is Southwest-operated flights. Southwest follows a easy redemption course of: The dearer a flight is in money, the extra it’s going to value in factors. There is not any outsize worth available, however that ensures you get comparatively constant worth on your rewards.
Redeeming Southwest factors is so simple as reserving Southwest flights on-line. Select “Factors” as a substitute of “{Dollars}” when choosing the flight you wish to e book on the provider’s web site. You will then see the award pricing on your itinerary.
Like all airways’ award tickets, flights booked with Southwest factors will nonetheless require cost for extra taxes and charges, which begin at $5.60 per manner. Nonetheless, tickets booked with factors are absolutely refundable, and there’s no penalty for cancellations (so long as you do it a minimum of 10 minutes earlier than your scheduled departure time).
TPG bank cards editor Emily Thompson is a frequent Southwest flyer with a number of Southwest bank cards. She typically tops up the factors earned from her Southwest Premier Enterprise by transferring extra factors from her Chase Sapphire Most well-liked® Card for flights.
The airline additionally presents worldwide flights, resorts and automotive leases on its journey portal, however the charges are subpar in comparison with utilizing your factors on Southwest-operated flights.
Associated: How you can redeem Southwest Speedy Rewards factors
Which playing cards compete with the Southwest Premier Enterprise?
If you need extra advantages or extra versatile rewards, certainly one of these playing cards shall be a greater match:
For extra choices, please see our full record of finest enterprise and airline bank cards.
Associated: Is the Southwest Premier Enterprise well worth the annual charge?
Backside line
The Southwest Speedy Rewards Premier Enterprise Credit score Card is an effective possibility for a loyal Southwest flyer, particularly with the chance to work towards a Companion Go after incomes the present welcome bonus.
Nonetheless, its incomes construction and ongoing advantages aren’t exceptional, so many enterprise house owners will discover a higher slot in a special card.
Apply right here: Southwest Premier Enterprise Card
