Southwest Performance Business
Chase
Welcome Offer
Is the Southwest Performance Business right for you?
The Southwest Performance Business is a premium $299-a-year business Southwest Rapid Rewards card from Chase. Its strongest everyday earning is 3x on southwest, with 1x on most other purchases. It needs to earn at least $299 more a year than a no-fee alternative to justify the fee.
Who it's for
- ✓ Business owners who want business spending on its own card
- ✓ People who spend steadily on southwest, where it earns 3x
- ✓ Regular Southwest Rapid Rewards customers who will redeem with that program
Who should skip it
- — People with no loyalty to Southwest Rapid Rewards
- — Applicants without a business or business income
- — Heavy spenders outside southwest — everything else earns 1x
First-year value estimate
Year two, without the welcome bonus: about -$47 before credits ($252 in rewards minus the $299 fee).
Assumptions
- $3,000 a year in southwest (3x) and $9,000 on everything else (1x) — $12,000 total, about $1,000 a month.
- Rewards valued at 1.4¢ per Southwest Rapid Rewards (OpenCard valuation; cash-out value can be lower).
- Welcome bonus: 80,000 Southwest Rapid Rewards at 1.4¢ each (OpenCard valuation) ≈ $1,120.
- Annual fee of $299 in year one and every year after.
- Recurring credits are listed separately below and are not counted here.
An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-10-02.
How the fee is offset by credits
Even at face value the listed credits ($40 a year) cover 13% of the $299 fee, so rewards and benefits have to make up the rest.
| Credit | Terms | Per year (face value) |
|---|---|---|
| DoorDash Non-Restaurant Credit | $10 per quarter, enrollment required | $40 |
| Total face value | $40 | |
How it compares
Rules and gotchas
- The welcome bonus requires $5,000 in 3 months — roughly $1,667 a month. That's more than the $1,000 a month in our illustration, so the bonus assumes about $667 a month of extra spending.
- One of the listed credits requires enrollment before it works.
Frequently asked questions
- Does the Southwest Performance Business have an annual fee?
- Yes — $299 a year, according to the issuer information in our record.
- What does the Southwest Performance Business earn?
- 3x on southwest, 2x on gas stations, and 1x on other purchases.
- Is the Southwest Performance Business worth it in the first year?
- Using our illustration ($12,000 of yearly spending, $3,000 of it in southwest), the first year comes out around $1,073 before credits, including a welcome bonus valued at $1,120. In year two, rewards alone fall about $47 short of the fee, so credits and benefits have to close the gap.
- Do the Southwest Performance Business's credits cover the annual fee?
- The listed credits add up to $40 a year at face value against a $299 fee. Count only the credits you'd use without changing your spending, and remember one needs enrollment.
- What credit do I need for the Southwest Performance Business?
- Our record lists "Good" credit as the typical target for the Southwest Performance Business. As a business card, the application also asks about the business. Chase makes the final decision based on its own criteria.
Earning Rates
Benefits & Credits
Up to $10 off one qualifying non-restaurant DoorDash order each calendar quarter (DashMart, 7-Eleven, CVS, Safeway, etc.). Requires active DashPass enrollment. Per Chase cobrand-doordash terms.
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Sources
Last Updated: Oct 2, 2026