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Is the Southwest Premier Business Card Worth Its Annual Fee?

At NerdWallet, we try that can assist you make monetary choices with confidence. To do that, many or all of the merchandise featured listed here are from our companions. Nonetheless, this doesn’t affect our evaluations. Our opinions are our personal.

If you’re on the lookout for a brand new bank card for your corporation, one card to contemplate is the Southwest Fast Rewards® Premier Business Credit score Card.

The annual charge for this card is $99, which is inside the normal vary for a lot of different journey and airline playing cards, together with the Southwest Fast Rewards® Premier Credit score Card.

» Study extra: Which Southwest Airways bank card ought to I get?

Listed below are some issues to contemplate as you resolve if the Southwest Fast Rewards® Premier Business Credit score Card is value the annual charge for you.

Will you meet the minimal spending requirement?

The simplest strategy to maximize your cardholder advantages is to pursue incomes the welcome bonus by assembly the minimal spend requirement. Right here’s the present supply: Earn 60,000 factors after you spend $3,000 on purchases in the first Three months your account is open.

We estimate this sign-up bonus to be value about $840 primarily based on NerdWallet’s valuation of Fast Rewards factors.

Will you discover extra card perks priceless?

Even in subsequent years, there are a number of different options of this card that may additionally assist make the annual charge value it.

Annual bonus factors

A singular function of the Southwest Fast Rewards® Premier Business Credit score Card is that you just’ll obtain 6,000 bonus factors yearly after your cardmember anniversary. This may be value about $84 in airfare primarily based on our valuation of those factors.

2x factors on Southwest purchases

If you buy Southwest Airways flights in your Southwest Fast Rewards® Premier Business Credit score Card, you’ll get 2 factors for each $1 spent on qualifying airfare. This may be useful towards incomes factors to guide your subsequent trip or enterprise journey.

» Study extra: Information to incomes Southwest Airways Fast Rewards factors

Baggage delay insurance coverage

Should you use your Southwest Fast Rewards® Premier Business Credit score Card to guide your airfare and your baggage is delayed by at the very least six hours, you will be reimbursed for necessities like toiletries and clothes (as much as $100 a day for 3 days). This might help offer you peace of thoughts whereas touring.

Misplaced baggage reimbursement

Baggage accidents occur. If you buy airfare utilizing the Southwest Fast Rewards® Premier Business Credit score Card, in case your checked or carry-on baggage are broken or misplaced by the service, you’re coated for as much as $3,000 per passenger (together with your rapid members of the family). It is a nice profit to have — and like the baggage delay insurance coverage, it may assist take a few of the stress out of touring.

The underside line

Should you’ll earn the sign-up bonus and use these extra advantages, the $99 annual charge might actually be value it for the first yr.

Then, since you’ll obtain 6,000 bonus factors after your cardmember anniversary annually, the card is value holding onto in the event you fly Southwest Airways a number of instances a yr.

The way to maximize your rewards

You need a journey bank card that prioritizes what’s vital to you. Listed below are our picks for the greatest journey bank cards of 2020, together with these greatest for:

Planning a visit? Take a look at these articles for extra inspiration and recommendation:
Discover the greatest journey bank card for you
eight priceless advantages of Southwest Airways bank cards
Earn extra factors and miles with these 6 methods

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