I calculate it by dividing a given fare price in cash by the number of points it costs. On this flight, you can get ~1.34 cents per point (($211.98 cash fare – $5.60 taxes) /15,396 points). His work has been featured by Fast Company, The Points Guy and The Onion. Six round-trip tickets from Atlanta to Orlando in August. We will buy accounts of 50,000 points or more. See the table below for how they stack up with other programs. per Southwest point is an average, baseline value that can help determine whether a given redemption is "worth 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. NerdWallet strives to keep its information accurate and up to date. Your points never expire, a benefit of the Rapid Rewards® program. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. ... How much are my Southwest Airlines points worth? Earn 5 points per $1 spent on Southwest® purchases. Our partners cannot pay us to guarantee favorable reviews of their products or services. Earn an additional 30,000 points after you spend $10,000 on purchases in the first 9 months. Based on our valuations (not provided by the issuer), that full bonus is worth $1,400 … For some issuers, the value of points depends on your choice of redemption, which typically includes travel, cash back, gift cards or merchandise. 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). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. You want a travel credit card that prioritizes what’s important to you. 2. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 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. Southwest’s 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. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace. Redemption of G2G Points … :), © 2020 MillionMileSecrets.com. Hi, I have 10 – 50,000 points referral for the Southwest Chase Premier card. When evaluating offers, please review the financial institution’s Terms and Conditions. And we’re proud of our content, opinions and analysis, and of our reader’s comments. For example, an AAnytime Level 1 flight anywhere in the contiguous U.S. and Canada costs 20,000 points in the main cabin. We believe everyone should be able to make financial decisions with confidence. Our opinions are our own. 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 Points… The card awards 2 points on travel and dining and 1 point … That is, we compared the cost of a given ticket in either cash or miles across many tickets. Generally, no. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 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. To figure out the Southwest points value on … If you booked the same itinerary as an award flight, you’d pay 3,033 Southwest points. However, there are some instances when it might make sense to purchase points. Many or all of the products featured here are from our partners who compensate us. Disclaimer: NerdWallet strives to keep its information accurate and up to date. In general, use Southwest Rapids Rewards points to book flights, but that's about it. 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. But when prices are low, like they are now, the value you get per point can be less. Earn 50,000 points after you spend $2,000 on purchases in the first 3 months. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. There is no code for this one – all I need is your first name and email address you want to use – I submit it to Southwest … 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. 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. This can vary from 1.5 to 3.3 cents per point. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. Including taxes, you’d pay ~$333 for a paid flight. For this particular ticket, your Southwest points are worth ~1.30 cents each (($333.27 cash fare – $31.77 taxes) / 23,166 points). A Red Ventures Company. This means that 10,000 points … Southwest Companion Pass: Why You Want It and How to Get It. **Points can be donated in blocks of 500 with a minimum donation of 500 points and a daily maximum of 60,000 points. Pre-qualified offers are not binding. 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. or more in value from your Southwest points. That’s about an average deal. All financial products, shopping products and services are presented without warranty. Earn up to 80,000 points. 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. In other words, you should aim for award redemptions that offer. How early do you really need to get to the airport? To check your G2G Points balance, click on your profile icon in the top menu and select G2G Points. The good news: Rapid Rewards points don't expire. The three Southwest cards all earn the same spending rewards, but they come with varying annual fees and benefits. 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. The advantage of this approach is that it provides an actual, real-world indication of how much these miles are worth on average. On this particular flight, you can get ~1.43 cents per point (($48.98 cash fare – $5.60 taxes) / 3,033 points). And that’s just how we like it! However, this is calculated against the base fare without the taxes and fees. 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 point… 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. 1. Southwest points are worth about 1.5-1.7 cents per point, but they sell for 2.75-3 cents per point. As of September 2019, Southwest Rapid Rewards points are worth approximately $0.015 USD each. To redeem, you must have minimum 50,000 G2G Points in your balance. If you have the Business Platinum card, that 35% rebate amounts to a valuation of 1.54 cents per point. When it comes to cards that will help you travel, 50,000 points of flexible mileage currency can go a long way. It's like a buy-one-get-one-free deal on flights, but earning it is a challenge. Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. And we're proud of our content, opinions and analysis, and of our reader's comments. How much is 100,000 Ultimate Rewards Points worth? However, this does not influence our evaluations. Jump to Form The Points … 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. On the flip side, this means less complexity and frustration when trying to decide how to use your points. In other words, you should aim for award redemptions that offer 1.6 cents or more in value from your Southwest points. You want a travel credit card that prioritizes what’s important to you. And that’s just how we like it! If you are a frequent flyer on Southwest, the Premier Rapid Rewards credit card is a must. Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. Southwest Rapid Rewards Plus Credit Card – 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 … Which Southwest Airlines Credit Card Should I Get? Southwest offers fewer “sweet spots” than many competitors, since Rapid Rewards points can’t be used to book with partner airlines. 6,000 bonus points after your Cardmember anniversary each year. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. . Southwest Value: The value of Southwest points depends on the cash cost of the airfare vs how many points it costs to redeem. 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. 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 flight… Learn more: More things to know: 50,000 points if you spend $2,000 in first 3 months; Additional 30,000 points … When evaluating offers, please review the financial institution’s Terms and Conditions. That’s that slightly below-average deal. 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 … Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. Also, when prices are low (like now) the value you get per point will typically be less. If you’re redeeming your … All financial products, shopping products and services are presented without warranty. 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. This means each Southwest point is in theory worth ~1.32 cents ($1 / 76 Southwest points) towards Southwest’s cheap Wanna Get Away flights. The value of Southwest points vary. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. 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. Sometimes the points price is much lower than the equivalent cash price. 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. 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. 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. This is a baseline value, drawn from real-world data on hundreds of economy routes, not … When you scan your PC Optimum card at checkout, simply let the cashier know that you would like to spend your points. Here is a list of our partners. Keep comparing flights paid with cash or points until you find a high-value redemption. Marriott Bonvoy Points can also be donated to good handful of charities and organizations. This method differs from many others in that it looks at real-world redemptions rather than hypothetical, maximized redemptions. Of course, if you have the Southwest Companion Pass, you can get nearly double the value for your points. How do Southwest points compare to other airline loyalty miles? You can also transfer it to Chase's airline and hotel partners at a 1:1 ratio for 100,000 miles/points … Here are a few ideas of how you can put 50,000 Ultimate Rewards points to good use: 1.Transfer to United or Southwest … The number of points needed to book a Southwest Airlines flight depends directly on the advertised fare. 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. To test that, we looked at five route and fare class scenarios to compare how much … 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. 1 point per $1 spent on all other purchases. On average, Southwest points are worth ~1.5 cents each*. Earn 2 points per $1 spent on all other Southwest® purchases. 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. For example, if you need to quickly top off your account for a specific redemption, buying points … The fees for other awards will vary, but are clearly displayed when booking an award. You may receive a value of 1.5 cents per point by transferring them to Southwest, but if Southwest doesn’t fly to your home airport, they aren’t worth nearly as much to you. We estimate Southwest points to be worth between 1.6 - 2.0 cents per mile. So how much are Southwest Rapid Rewards points worth? 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 … Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. The only way you'll lose your points is if you close your account. All donations will give your points … You can donate as little as $10 for 2,500 points or as much as $500 for 125,000 points. Wanna Get Away (Southwest’s cheapest fare) award flight bookings cost roughly 76 points per dollar. Terms apply to the offers listed on this page. 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 … 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. Here's a chance to get halfway to your Companion Pass. 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! The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. 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. The extra taxes are from an additional Mexico tourism fee you must pay. The Value of a Southwest Point. Here a few examples of flights where you can get more value, less value, and somewhere right around the middle for each Southwest point. We collected hundreds of data points comparing the cash value to award (mile) value for the same routes and dates. The value of Southwest points varies depending on the route and other factors. 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. 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. 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." Earn between 12/1/2020 and 3/31/2021 on up to $2,000 spent per month. You will be shown the amount of G2G Points you have accumulated. In this situation, you’re getting a lower value than average because of the taxes. Here’s a ~$49 one-way flight between Los Angeles and San Francisco. Signing up for credit cards through partner links earns us a commission. 11 March 2020. After the devaluation on March 31, 2014, a Southwest Rapid Rewards point will be worth … 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. He is the founder of MyTravelNerd, a personalized travel newsletter. How Much Are Your Airline Miles and Hotel Points Worth in 2020. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. 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