Southwest Value: The value of Southwest points depends on the cash cost of the airfare vs how many points it costs to redeem. This means each Southwest point is in theory worth ~1.32 cents ($1 / 76 Southwest points) towards Southwest’s cheap Wanna Get Away flights. Southwest Airlines has some of the most dedicated fans in the airline business. per Southwest point is an average, baseline value that can help determine whether a given redemption is "worth it." When evaluating offers, please review the financial institution’s Terms and Conditions. 6,000 bonus points after your Cardmember anniversary each year. Marriott Bonvoy Points can also be donated to good handful of charities and organizations. So how much are Southwest Rapid Rewards points worth? This can be worth $1,250 to $1,500 on the Chase Travel Portal. I calculate it by dividing a given fare price in cash by the number of points it costs. It’s easy to earn Southwest points by opening a Southwest credit card or transferring Chase Ultimate Rewards points from rewards cards like Chase Sapphire Preferred Card. However, this does not influence our evaluations. In general, use Southwest Rapids Rewards points to book flights, but that's about it. Update: Points now worth a base rate of 1.28¢ each for Southwest flights. And that’s just how we like it! This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Our value of 1.6 cents per Southwest point is an average, baseline value that can help determine whether a given redemption is "worth it." 2. How early do you really need to get to the airport? F.A.Qâs How Much Are Southwest Points Worth? For example, an AAnytime Level 1 flight anywhere in the contiguous U.S. and Canada costs 20,000 points in the main cabin. In addition to a sign-up bonus, the Southwest Rapid Rewards cards offer a referral bonus worth up to 50,000 points each year. ), How much are Amex points really worth? Any funds created between March 1 and September 7, 2020, can take advantage of this offer. On domestic award flights, you will pay a government-imposed September 11th Security Fee of $5.60 per one-way trip. With the calculator below, you can figure out how much your Rapid Rewards points are worth based on this value. To put it frankly: Rapids Rewards points aren't very flexible. To check your G2G Points balance, click on your profile icon in the top menu and select G2G Points. This is a baseline value, drawn from real-world data on hundreds of economy routes, not â¦ Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. Editorial Note: We're the Million Mile Secrets team. The Southwest Premier card comes with 6,000 bonus points, and the Southwest Priority card will increase your balance the most with 7,500 bonus points. Based on our valuations (not provided by the issuer), that full bonus is worth $1,400 â¦ If you are a frequent flyer on Southwest, the Premier Rapid Rewards credit card is a must. Our guide to figuring out their value, Southwest Rapid Rewards® Priority Credit Card, Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, Southwest Rapid Rewards® Performance Business Credit Card, transferring Chase Ultimate Rewards points. In other words, you should aim for award redemptions that offer 1.6 cents or more in value from your Southwest points. Including taxes, you’d pay ~$333 for a paid flight. How to buy American Airlines miles at the best value, If you currently possess Southwest A-List or A-List Preferred elite status, Southwest is letting you keep it through December 31, 2021, If you’ve got a Southwest Companion Pass set to expire on December 31, 2020, you can now use it through June 30, 2021 — six months longer than normal, Southwest is making their elite status and the, 15,000 qualifying points/10 flight credits toward A-List and A-List Preferred status, 25,000 qualifying points/25 flight credits toward the Companion Pass, If you’ve got travel credit set to expire between March 1 and June 30, 2020, Southwest has pushed the expiration date back to September 7, 2022. To test that, we looked at five route and fare class scenarios to compare how much â¦ For some issuers, the value of points depends on your choice of redemption, which typically includes travel, cash back, gift cards or merchandise. 1 point per $1 spent on all other purchases. If you booked the same itinerary as an award flight, you’d pay 3,033 Southwest points. But when prices are low, like they are now, the value you get per point can be less. This method differs from many others in that it looks at real-world redemptions rather than hypothetical, maximized redemptions. On this flight, you can get ~1.34 cents per point (($211.98 cash fare – $5.60 taxes) /15,396 points). Our partners cannot pay us to guarantee favorable reviews of their products or services. The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. . Sure, you might be able to use them for nonflight options through the "More Rewards" portal for stuff like merchandise and gift cards, but these redemptions rarely match or exceed the value of using them to purchase Southwest flights. All financial products, shopping products and services are presented without warranty. Earn an additional 30,000 points after you spend $10,000 on purchases in the first 9 months. Six round-trip tickets from Atlanta to Orlando in August. Redemption of G2G Points â¦ Our partners compensate us. This means that 10,000 points â¦ For example, if you have 37,000 points, you can spend them for $30 off your purchase, and youâll have a remaining points balance of 7,000 points. Also, I’ll add in an international trip as well (because taxes and fees on those are a little different). However, this is calculated against the base fare without the taxes and fees. For this particular ticket, your Southwest points are worth ~1.30 cents each (($333.27 cash fare – $31.77 taxes) / 23,166 points). Between these two scenarios, paying money versus redeeming points, we are looking at a difference of $355 versus 22,902 points. To figure out the Southwest points value on â¦ So how do we make money? Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Jump to Form The Points â¦ And we’re proud of our content, opinions and analysis, and of our reader’s comments. In other words, you should aim for award redemptions that offer. You can earn Southwest Companion Pass qualifying points quickly from the following cards: Southwest has made some great changes in the wake of the coronavirus: The value of Southwest points varies depending on the route and other factors. That is, we compared the cost of a given ticket in either cash or miles across many tickets. You want a travel credit card that prioritizes what’s important to you. The value is based on real-world data (see below) and is effectively the value you can expect to get from your Rapids Rewards points if you use them for a random redemption. After the devaluation on March 31, 2014, a Southwest Rapid Rewards point will be worth â¦ There is no code for this one â all I need is your first name and email address you want to use â I submit it to Southwest â¦ And we're proud of our content, opinions and analysis, and of our reader's comments. Despite their relatively high value, if you’re looking for more adventurous, high-value flight redemptions, (like booking international first-class suites), you’re better off looking to other programs that enable partner redemptions. If you’re one of them and you’re sitting on a bunch of hard-earned Rapid Rewards points, you might be wondering how much those points are worth. Wanna Get Away (Southwest’s cheapest fare) award flight bookings cost roughly 76 points per dollar. International flights are a little trickier because you’ll pay additional taxes, which you’ll have to pay separately along with points on an award ticket. All financial products, shopping products and services are presented without warranty. On the flip side, this means less complexity and frustration when trying to decide how to use your points. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. The good news: Rapid Rewards points don't expire. That’s about an average deal. Unless Southwest Airlines and a charity jointly announce otherwise, no portion of the purchase price that a Passenger pays for a ticket is paid to any charity or may automatically generate Rapid Rewards points â¦ 2. Which Southwest Airlines Credit Card Should I Get? You will be shown the amount of G2G Points you have accumulated. Many or all of the products featured here are from our partners who compensate us. Before ever purchasing any type of miles or points it makes sense to figure out how much are those miles or points worth. Sam Kemmis is a travel rewards expert at NerdWallet specializing in airline and hotel loyalty programs. To put it frankly: Rapids Rewards points aren't very flexible. Keep comparing flights paid with cash or points until you find a high-value redemption. Southwest offers fewer “sweet spots” than many competitors, since Rapid Rewards points can’t be used to book with partner airlines. Here is a list of our partners. When evaluating offers, please review the financial institution’s Terms and Conditions. Our opinions are our own. Learn more: More things to know: 50,000 points if you spend $2,000 in first 3 months; Additional 30,000 points â¦ You can make a reservation for reward travel using points at Southwest.com ®.All reward travel is subject to taxes, fees, and other government or airport-imposed charges of at least $5.60 per one-way â¦ When you scan your PC Optimum card at checkout, simply let the cashier know that you would like to spend your points. We believe everyone should be able to make financial decisions with confidence. When it comes to cards that will help you travel, 50,000 points of flexible mileage currency can go a long way. Here's a chance to get halfway to your Companion Pass. Southwest points are worth about 1.5-1.7 cents per point, but they sell for 2.75-3 cents per point. That puts the value of a Southwest Rapid Rewards point at 1.55 cents each. At times, they can be worth even more. The three Southwest cards all earn the same spending rewards, but they come with varying annual fees and benefits. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. A Southwest credit card can help. The value of Southwest points vary. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. However, there are some instances when it might make sense to purchase points. :), © 2020 MillionMileSecrets.com. The great thing about Southwest points is that they’re easy to earn with Southwest credit cards like the Southwest Rapid Rewards® Priority Credit Card. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. Generally, points are worth about 1 cent each, but thatâs not always the case. 1. Here’s a ~$49 one-way flight between Los Angeles and San Francisco. This can vary from 1.5 to 3.3 cents per point. Chaseâs âRefer-a-Friendâ program gives Southwest â¦ I’ll show you some examples to see what Southwest points are worth and how to calculate their value in your situation. Additionally, Southwest reduced the value of each point â¦ The number of points needed to book a Southwest Airlines flight depends directly on the advertised fare. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. *Value based on MMS valuation and not provided by issuer. It's like a buy-one-get-one-free deal on flights, but earning it is a challenge. Here a few examples of flights where you can get more value, less value, and somewhere right around the middle for each Southwest point. In fact, NerdWallet conducted a comprehensive analysis of the Southwest More Rewards program and found that — based on those same airline miles valuations — items are marked up by more than 100% on average. See the table below for how they stack up with other programs. And that’s just how we like it! And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. or more in value from your Southwest points. 11 March 2020. Southwest Rapid Rewards Plus Credit Card â Get up to 80,000 Rapid Rewards points after you spend $2,000 to get 50,000 RR points on purchases in the first 3 months, then earn an additional 30,000 points â¦ We collected hundreds of data points comparing the cash value to award (mile) value for the same routes and dates. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. He is the founder of MyTravelNerd, a personalized travel newsletter. Earn up to 80,000 points. Joseph Hostetler is a full-time writer for Million Mile Secrets, covering miles and points tips and tricks, as well as helpful travel-related news and deals. The card awards 2 points on travel and dining and 1 point â¦ **Points can be donated in blocks of 500 with a minimum donation of 500 points and a daily maximum of 60,000 points. You can also transfer it to Chase's airline and hotel partners at a 1:1 ratio for 100,000 miles/points â¦ Similarly, you might consider collecting Hyatt points because you see examples of lots of other folks getting a value of more than 2 cents per point â¦ Sometimes the points price is much lower than the equivalent cash price. The advantage of this approach is that it provides an actual, real-world indication of how much these miles are worth on average. This extends to any travel credit offered due to cancellations between March 1 and June 30, 2020, Southwest will soon allow members to convert travel funds into Southwest points. A Red Ventures Company. In general, use Southwest Rapids Rewards points to book flights, but that's about it. You may receive a value of 1.5 cents per point by transferring them to Southwest, but if Southwest doesnât fly to your home airport, they arenât worth nearly as much to you. At the moment southwest points are valued at 60 points = $1 (1.67¢ per point) on the 31st of March, 2014 these points will be devalued and 70 points = $1 (1.43¢ per pointâ¦ The amount of points you’ll receive per dollar will be roundabout the same number of points it costs to book a dollar’s worth of Southwest flights (generally 78ish points per dollar). On average, Southwest points are worth ~1.5 cents each*. Once you have it, a friend or family member can fly with you on paid and award tickets for just the cost of taxes and fees. That’s that slightly below-average deal. Here’s our full Advertising Policy. To figure out the Southwest points value on your particular flight, use the following formula: You’ll find on international flights you’ll typically get a lower value per points because the taxes and fees on an award ticket are usually higher. Determining an exact value for a Southwest points is easier than with most airlines because the price of an award flight is directly related to the cash price of the ticket. In fact, NerdWallet conducted a comprehensive analysis of the, program and found that — based on those same. How to Spend 50,000 Membership Rewards® Points How to Spend 50,000 Membership Rewards® Points The value of Southwest Rapid Rewards are tied to the price of the airfare based on the following rates: Business Select: 78 points per dollar; ... 50,000 Pointsâ¦ Pre-qualified offers are not binding. His work has been featured by Fast Company, The Points Guy and The Onion. Southwest Rapid Rewards points offer plenty of consistent value, but less razzle-dazzle. Approximately 0.75 cents per mile, but rates change often â please fill out a form for an exact quote. That said, it doesn’t take into account the high-value redemptions that points enthusiasts seek. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Itâs no surprise that Orlando is a key leisure â¦ Here are our picks for the best travel credit cards of 2020, including those best for: Airline miles and a large bonus: Chase Sapphire Preferred® Card, No annual fee: Wells Fargo Propel American Express® card, Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card, Premium travel rewards: Chase Sapphire Reserve®, Luxury perks: The Platinum Card® from American Express, Business travelers: Ink Business Preferred® Credit Card, Southwest Rapid Rewards Program: The Complete Guide. Here are our picks for the, Wells Fargo Propel American Express® card, Bank of America® Travel Rewards credit card. All donations will give your points â¦ Generally, no. — items are marked up by more than 100% on average. How Much Are Your Airline Miles and Hotel Points Worth in 2020. Please help us keep our site clean and safe by following our, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate, each. NerdWallet strives to keep its information accurate and up to date. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Your points never expire, a benefit of the Rapid Rewards® program. Southwestâs loyalty program is called Rapid Rewards, in this post we will look at what these points can be redeemed for and how much these points are worth. If youâre redeeming your â¦ Pre-qualified offers are not binding. For example, if you need to quickly top off your account for a specific redemption, buying points â¦ For example, 10,000 points may be worth â¦ New cardholders can earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening â or can still earn 50,000 miles if you spend $3,000 on purchases in the first three months. Sure, you might be able to use them for nonflight options through the "More Rewards" portal for stuff like merchandise and gift cards, but these redemptions rarely match or exceed the value of using them to purchase Southwest flights. If you have the Business Platinum card, that 35% rebate amounts to a valuation of 1.54 cents per point. That means that your 50,000 points would be worth $770. No tarot knowledge required. Here’s a flight between Houston and Cabo San Lucas. The fees for other awards will vary, but are clearly displayed when booking an award. How do Southwest points compare to other airline loyalty miles? We will buy accounts of 50,000 points or more. On this particular flight, you can get ~1.43 cents per point (($48.98 cash fare – $5.60 taxes) / 3,033 points). The value of Southwest points varies depending on the route and other factors. As of September 2019, Southwest Rapid Rewards points are worth approximately $0.015 USD each. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. How much is 100,000 Ultimate Rewards Points worth? You want a travel credit card that prioritizes what’s important to you. Points can only be redeemed in increments of 10,000. Hi, I have 10 â 50,000 points referral for the Southwest Chase Premier card. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. For an award ticket, you’d pay 23,166 points and ~$32 in taxes. The only way you'll lose your points is if you close your account. United Airlines It costs 25,000 United miles for Saver Level award tickets to fly round-trip anywhere in the continental United States, so the 50,000 transferred UR points would be worth two round-trip flightâ¦ The extra taxes are from an additional Mexico tourism fee you must pay. You can donate as little as $10 for 2,500 points or as much as $500 for 125,000 points. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The Southwest Rapid Rewards Priority card is by far the best value for a frequent Southwest flyer, thanks to its $75 travel credit and 7,500-point annual bonus. This may influence which products we write about and where and how the product appears on a page. Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. In other words, it is not a maximized value, and you might be able to get more value from your Rapids Rewards points with some patience. Earn 2 points per $1 spent on all other Southwest® purchases. It varies slightly depending on the route, time of year, and other factors, but in general, you can expect to get an average of 1.5 cents per point in value. Southwest Companion Pass: Why You Want It and How to Get It. In this situation, you’re getting a lower value than average because of the taxes. On average, Southwest points are worth ~1.5 cents each*. To redeem, you must have minimum 50,000 G2G Points in your balance. Editorial Note: We’re the Million Mile Secrets team. All Rights Reserved, Best travel credit cards of December 2020, When to use miles or points vs. paying cash (now with our new points calculator! Either $5 or 5% of the amount of each transfer, whichever is greater. Also, when prices are low (like now) the value you get per point will typically be less. And they’re also a Chase Ultimate Rewards transfer partner, so you can indirectly earn Southwest points with top Chase credit cards like the Chase Sapphire Preferred® Card. To qualify for the Companion Pass, you’ll need to earn 125,000 Southwest points in a calendar year. ... How much are my Southwest Airlines points worth? Earn 5 points per $1 spent on Southwest® purchases. We've seen frequent flyer gurus estimate that miles are "worth" anywhere between one-half to six cents per miles, when one calculates how much in "fare value" miles will buy. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace. Earn 50,000 points after you spend $2,000 on purchases in the first 3 months. This also makes Rapid Rewards points â¦ The value is based on real-world data (see below) and is effectively the value you can expect to get from your Rapids Rewards points if you use them for a random redemption. This means 1,000 Rapid Rewards points are worth about $15.00 USD, and 50,000 Rapid Rewards points are worth about $750.00 USD. To calculate the value of each point for your specific flight, use the following formula: (Cash price of ticket – taxes and fees you’d pay on the award ticket) / number of points required for an award ticket. Here are a few ideas of how you can put 50,000 Ultimate Rewards points to good use: 1.Transfer to United or Southwest â¦ We estimate Southwest points to be worth between 1.6 - 2.0 cents per mile. Of course, if you have the Southwest Companion Pass, you can get nearly double the value for your points. The Value of a Southwest Point. This flight from Baltimore to Denver costs ~$212 in cash one-way. Earn between 12/1/2020 and 3/31/2021 on up to $2,000 spent per month.