To redeem Southwest Rapid Rewards points for a Wanna Get Away ticket, you will need approximately 70 points per $1 of airfare.Jul 11, 2018
|Card||Southwest Plus card||Southwest Premier card|
|Value of points sign-up bonus||40,000 points x 1.6 cents = $640||40,000 points x 1.6 cents = $640|
|Value of annual bonus||3,000 points x 1.6 cents = $48||6,000 points x 1.6 cents = $96|
|Total value of bonuses||$640 + $48 = $688||$640 + $96 = $736|
|Buy points||Discount/bonus||Price per point|
|Buy 15,000 — 60,000 points||70% bonus||1.62 cents|
How much are 50,000 Southwest points worth? According to NerdWallet’s analysis, 50,000 Southwest points are worth about $700.
The value of Southwest points is 1.46 cents per point, on average. That means 10,000 Southwest points have a value of roughly $146.
TPG valuations peg Southwest points value at 1.5 cents each, making this 65,000-point bonus worth $975. These points also count toward the 125,000 points you need to earn the Southwest Companion Pass, hands-down one of the best deals in travel.
Generally, no. Southwest points are worth about 1.5-1.7 cents per point, but they sell for 2.75-3 cents per point. However, there are some instances when it might make sense to purchase points. For example, if you need to quickly top off your account for a specific redemption, buying points can be a good idea.
Do the points I earn expire? No, your Rapid Rewards points do not expire. However, if you choose to close your account, the points in your account will be terminated.
The number of points you earn for flying Southwest depends on the type of fare you choose. You will earn 12 points per dollar spent on “Business Select” fares, 10 points per dollar spent on “Anytime” fares and six points per dollar spent on “Wanna Get Away” fares.
Yes. You can also be among the thousands of Southwest frequent flyers who sell their rewards points in exchange for cash. There are many online miles brokers who buy miles, MilesBuyer being one of them.
One of the most valuable perks of the Southwest Rapid Rewards® Priority Credit Card is an annual 7,500-point anniversary bonus. Southwest points have an average redemption value of around 1.5 cents each, so that means this anniversary bonus alone provides $112.50 in value.
Southwest points are worth about 1.4 cents each when redeemed for the carrier’s cheapest Wanna Get Away fares, so 5,000 points are worth roughly $70 toward future travel on Southwest.
With the More Rewards program, Rapid Rewards® Credit Cardmembers can use their points for merchandise, international flights on global carriers, hotel stays, rental cars, gift cards, and exclusive Cardmember experiences.
Calculating the Value of Credit Card Points. The simplest way to calculate the value of your credit card points is to divide the dollar value of the reward by the number of points required to redeem it. For example, if it takes 50,000 points to get a $650 airplane ticket, your points are worth about 1.3 cents each.
You receive 60,000 bonus points when you spend $2,000 on your Chase Southwest Airlines credit card within three months of opening it. Those points are valued at $822, based on U.S. News research. You can earn the sign-up bonus on these credit cards: Southwest Rapid Rewards® Plus Credit Card.
But how much are Rapid Rewards points actually worth? We value one Rapid Rewards point at 1.3 cents. That’s our subjective valuation; as we’ve noted before, credit card points and airline miles may be a currency, but they don’t have a universally recognized value, unlike hard currency like U.S. dollars.Dec 8, 2021
At its core, calculating award redemption values is simple multiplication and division. Start with the cash price of your itinerary in dollars. Multiply that number by 100 to convert from dollars to cents. Then divide by the number of points or miles needed to book the same itinerary as an award.
For travelers who need extra points, Southwest Airlines allows Rapid Rewards members to buy points to boost their account balance. While these points can be used to book travel, they do not count toward earning the Companion Pass or A-List elite status.
The price of Southwest points depends on how many points you’re purchasing as well as whether or not there are any current promotions. Normally, buying between 2,000 and 4,000 points will cost 3 cents a point. Purchases of 5,000 – 60,000 points cost 2.75 cents each.
Only base points, not bonus points, will count toward earning the Southwest Companion Pass. Additionally, points you purchased, points that were gifted or transferred to you and points transferred in from other programs like Chase Ultimate Rewards® DO NOT count toward your Southwest Companion Pass.
As long as you stay active, you don’t lose points. However, the counter resets on January 1 for your annual accumulation. The annual accumulation is what the A List and A List Preferred statuses are based off of.
When you cancel a Southwest Rapid Rewards co-branded credit card, any Southwest points earned from credit card bonuses and spending are yours to keep. They will stay in your Southwest Rapid Rewards account.
Annual fee isn’t waived the first year
Many airline cards with comparable annual fees waive the fee in the first year, but the Southwest Rapid Rewards® Premier Credit Card offers no such break. After you’re approved for the card, you’ll be billed for the $99 annual fee right away.
|Fare Type||Business Select®||Anytime|
|Points earned per dollar per qualifying flight*||12Pts Per Dollar* X $220 Sample Base Fare||10Pts Per Dollar* X $200Sample Base Fare|
|Points Earned||=2,640 Points Earned||=2,000 Points Earned|
To redeem Southwest Rapid Rewards points for a Wanna Get Away ticket, you will need approximately 70 points per $1 of airfare. When paying cash for a Wanna Get Away ticket, you will earn 6 points per $1 of airfare.
Southwest is also a transfer partner of the Chase Ultimate Rewards® program.
$75 Southwest® Annual Travel Credit: A statement credit will automatically be applied to your account when your Southwest Airlines Rapid Rewards® Priority Card is used for Southwest Airlines® purchases (excluding Upgraded Boardings and inflight purchases), up to an anniversary year maximum accumulation of $75.
This credit is applied automatically to your credit card statement after making a Southwest Airlines purchase (excluding upgraded boardings and in-flight purchases). This is not an “incidental” credit, like those offered by some other products — you can use this $75 annual credit for airfare purchases.
Can I buy a Southwest gift card with points? Yes, you can purchase a Southwest gift card using Rapid Rewards points on the Southwest Rapid Rewards website. A $50 gift card is 6,750 to redeem.
|Rewards Program||Operating Airline||Economy (Round-Trip)|
|Southwest Rapid Rewards||Southwest||13,000+|
|Singapore Airlines KrisFlyer||Alaska Air||23,000-25,000|
|Korean Air SKYPASS||Delta||25,000|
|British Airways Executive Club||American, Alaska||25,000(+)|
A Member has the ability to transfer points to another Member or a preselected charity chosen by Southwest with an active Rapid Rewards account. Costs to transfer points to another Member must be paid for with a credit card, and transfers can be made through Southwest.com.
Southwest canceled more than 2,000 flights between Oct. 8 and Oct. 13. It blamed the meltdown on bad weather in Florida and air traffic control issues, which was compounded by staffing shortages.
At Tiffany, a $250 gift card costs 25,000 points, making each point worth 1 cent.
If you redeem points for cash back outside of Pay Yourself Back, 60,000 points are worth $600.
2,000 Flybuys points can be redeemed for $10. When using Flybuys points on your flypay transaction, you must redeem at least 2,000 Flybuys points but not more than 10,000 Flybuys points.
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