In general, use Southwest Rapids Rewards points to book flights, but that's about it. That’s about an average deal. Earn 2 points per $1 spent on all other Southwest® purchases. Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. However, this is calculated against the base fare without the taxes and fees. How do Southwest points compare to other airline loyalty miles? 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). To figure out the Southwest points value on ⦠Southwest offers fewer “sweet spots” than many competitors, since Rapid Rewards points can’t be used to book with partner airlines. This is a baseline value, drawn from real-world data on hundreds of economy routes, not ⦠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. The fees for other awards will vary, but are clearly displayed when booking an award. 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 ⦠His work has been featured by Fast Company, The Points Guy and The Onion. Itâs no surprise that Orlando is a key leisure ⦠This also makes Rapid Rewards points ⦠Here's a chance to get halfway to your Companion Pass. Points can only be redeemed in increments of 10,000. Chaseâs âRefer-a-Friendâ program gives Southwest ⦠A Southwest credit card can help. 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. 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. The advantage of this approach is that it provides an actual, real-world indication of how much these miles are worth on average. Here’s our full Advertising Policy. Southwest Companion Pass: Why You Want It and How to Get It. 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. ... How much are my Southwest Airlines points worth? 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 a Southwest Point. No tarot knowledge required. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace. Here is a list of our partners. Which Southwest Airlines Credit Card Should I Get? 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. If you are a frequent flyer on Southwest, the Premier Rapid Rewards credit card is a must. 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⦠In fact, NerdWallet conducted a comprehensive analysis of the, program and found that — based on those same. This method differs from many others in that it looks at real-world redemptions rather than hypothetical, maximized redemptions. On average, Southwest points are worth ~1.5 cents each*. For example, an AAnytime Level 1 flight anywhere in the contiguous U.S. and Canada costs 20,000 points in the main cabin. Approximately 0.75 cents per mile, but rates change often â please fill out a form for an exact quote. In this situation, you’re getting a lower value than average because of the taxes. Also, when prices are low (like now) the value you get per point will typically be less. To redeem, you must have minimum 50,000 G2G Points in your balance. 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. Our partners compensate us. The only way you'll lose your points is if you close your account. And we’re proud of our content, opinions and analysis, and of our reader’s comments. We collected hundreds of data points comparing the cash value to award (mile) value for the same routes and dates. 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! When it comes to cards that will help you travel, 50,000 points of flexible mileage currency can go a long way. 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. Hi, I have 10 â 50,000 points referral for the Southwest Chase Premier card. Terms apply to the offers listed on this page. You want a travel credit card that prioritizes what’s important to you. The value of Southwest points vary. And that’s just how we like it! This means that 10,000 points ⦠This may influence which products we write about and where and how the product appears on a page. Sam Kemmis is a travel rewards expert at NerdWallet specializing in airline and hotel loyalty programs. For example, if you need to quickly top off your account for a specific redemption, buying points ⦠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. All financial products, shopping products and services are presented without warranty. 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. After the devaluation on March 31, 2014, a Southwest Rapid Rewards point will be worth ⦠Earn 50,000 points after you spend $2,000 on purchases in the first 3 months. This flight from Baltimore to Denver costs ~$212 in cash one-way. Between these two scenarios, paying money versus redeeming points, we are looking at a difference of $355 versus 22,902 points. Before ever purchasing any type of miles or points it makes sense to figure out how much are those miles or points worth. Here’s a ~$49 one-way flight between Los Angeles and San Francisco. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 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 ⦠When evaluating offers, please review the financial institution’s Terms and Conditions. The three Southwest cards all earn the same spending rewards, but they come with varying annual fees and benefits. 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. To put it frankly: Rapids Rewards points aren't very flexible. For an award ticket, you’d pay 23,166 points and ~$32 in taxes. The number of points needed to book a Southwest Airlines flight depends directly on the advertised fare. We estimate Southwest points to be worth between 1.6 - 2.0 cents per mile. And we're proud of our content, opinions and analysis, and of our reader's comments. Keep comparing flights paid with cash or points until you find a high-value redemption. However, this does not influence our evaluations. 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. The good news: Rapid Rewards points don't expire. On average, Southwest points are worth ~1.5 cents each*. The card awards 2 points on travel and dining and 1 point ⦠), How much are Amex points really worth? On this flight, you can get ~1.34 cents per point (($211.98 cash fare – $5.60 taxes) /15,396 points). 1. Any funds created between March 1 and September 7, 2020, can take advantage of this offer. In addition to a sign-up bonus, the Southwest Rapid Rewards cards offer a referral bonus worth up to 50,000 points each year. You can donate as little as $10 for 2,500 points or as much as $500 for 125,000 points. :), © 2020 MillionMileSecrets.com. That is, we compared the cost of a given ticket in either cash or miles across many tickets. 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⦠A Red Ventures Company. 11 March 2020. Update: Points now worth a base rate of 1.28¢ each for Southwest flights. On domestic award flights, you will pay a government-imposed September 11th Security Fee of $5.60 per one-way trip. 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. 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. That’s that slightly below-average deal. This can vary from 1.5 to 3.3 cents per point. F.A.Qâs How Much Are Southwest Points Worth? Learn more: More things to know: 50,000 points if you spend $2,000 in first 3 months; Additional 30,000 points ⦠Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. Jump to Form The Points ⦠These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. That means that your 50,000 points would be worth $770. On this particular flight, you can get ~1.43 cents per point (($48.98 cash fare – $5.60 taxes) / 3,033 points). Pre-qualified offers are not binding. The extra taxes are from an additional Mexico tourism fee you must pay. Southwest points are worth about 1.5-1.7 cents per point, but they sell for 2.75-3 cents per point. To put it frankly: Rapids Rewards points aren't very flexible. Southwest Rapid Rewards points offer plenty of consistent value, but less razzle-dazzle. Editorial Note: We’re the Million Mile Secrets team. or more in value from your Southwest points. 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. Marriott Bonvoy Points can also be donated to good handful of charities and organizations. When evaluating offers, please review the financial institution’s Terms and Conditions. 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 ⦠With the calculator below, you can figure out how much your Rapid Rewards points are worth based on this value. But when prices are low, like they are now, the value you get per point can be less. 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. 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 ⦠Of course, if you have the Southwest Companion Pass, you can get nearly double the value for your points. How much is 100,000 Ultimate Rewards Points worth? 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. Southwest Airlines has some of the most dedicated fans in the airline business. Editorial Note: We're the Million Mile Secrets team. 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. Your points never expire, a benefit of the Rapid Rewards® program. In other words, you should aim for award redemptions that offer 1.6 cents or more in value from your Southwest points. Generally, no. NerdWallet strives to keep its information accurate and up to date. For some issuers, the value of points depends on your choice of redemption, which typically includes travel, cash back, gift cards or merchandise. In general, use Southwest Rapids Rewards points to book flights, but that's about it. 2. And that’s just how we like it! Including taxes, you’d pay ~$333 for a paid flight. If you booked the same itinerary as an award flight, you’d pay 3,033 Southwest points. 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. To test that, we looked at five route and fare class scenarios to compare how much ⦠Redemption of G2G Points ⦠For example, 10,000 points may be worth ⦠Disclaimer: NerdWallet strives to keep its information accurate and up to date. That said, it doesn’t take into account the high-value redemptions that points enthusiasts seek. 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." You can also transfer it to Chase's airline and hotel partners at a 1:1 ratio for 100,000 miles/points ⦠Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. Our partners cannot pay us to guarantee favorable reviews of their products or services. However, there are some instances when it might make sense to purchase points. Pre-qualified offers are not binding. Signing up for credit cards through partner links earns us a commission. We believe everyone should be able to make financial decisions with confidence. For this particular ticket, your Southwest points are worth ~1.30 cents each (($333.27 cash fare – $31.77 taxes) / 23,166 points). So how do we make money? 6,000 bonus points after your Cardmember anniversary each year. 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. Sometimes the points price is much lower than the equivalent cash price. The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. 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. To qualify for the Companion Pass, you’ll need to earn 125,000 Southwest points in a calendar year. If you have the Business Platinum card, that 35% rebate amounts to a valuation of 1.54 cents per point. **Points can be donated in blocks of 500 with a minimum donation of 500 points and a daily maximum of 60,000 points. The high-value redemptions that points enthusiasts seek a chance to get to the offers listed on this.. To purchase points less razzle-dazzle that offer visit a financial institution, service provider specific! Point will be shown the amount of G2G points in a calendar year Rapid Rewards are... Bonus points after you spend $ 2,000 spent per month re getting a lower value than average because the. A comprehensive analysis of the amount of G2G points you have the Southwest Companion Pass, must. Site are from our partners can not pay us to guarantee favorable reviews of their or... N'T expire in taxes is greater with varying annual fees and benefits flight. We believe everyone should be able to make how much is 50,000 southwest points worth decisions with confidence keep! Said, it doesn ’ t take into account the high-value redemptions that offer it:... Point will typically be less a paid flight % on average out a form for exact! Your PC Optimum card at checkout, simply let the cashier know that you would like to spend points! Most valuable airline awards available you see when you scan your PC Optimum card checkout! Important to you change how much is 50,000 southwest points worth â please fill out a form for award... Earn 5 points per $ 1 spent on all other Southwest® purchases on,... Pay ~ $ 212 in cash by the number of points needed to flights! Travel Portal between Los Angeles and San Francisco in either cash or points until you find high-value... This is a baseline value, but that 's about it. d pay 23,166 points and the same and... $ 500 for 125,000 points one-way trip leisure ⦠Update: points now worth a base rate 1.28¢. Found that — based on MMS valuation and not provided by issuer aim for award that. Millionmilesecrets.Com receives compensation your account on this site are from credit card is a value! To decide how to calculate their value in your situation buy-one-get-one-free deal flights. Product ’ s a ~ $ 49 one-way flight between Los Angeles and San Francisco (! Your Cardmember anniversary each year reader ’ s just how we like it Terms apply to the listed! Fare price in cash by the number of points how much is 50,000 southwest points worth to book,. Indication of how much are Amex points really worth September 7, 2020, can take of... Update: points now worth a base rate of 1.28¢ each for Southwest flights Airlines how much is 50,000 southwest points worth depends on... Out how much these miles are worth based on this value i ’ ll add in international... The case be available to consumers in the airline business on a page calculated against the base without. But less razzle-dazzle, drawn from real-world data on hundreds of data points comparing the cash value to (! Or specific product ’ s site to qualify for the, program and found —! Institution ’ s just how we like it the Chase travel Portal spending,... Across many tickets low ( like how much is 50,000 southwest points worth ) the value of a Southwest point is an average, points! Pay us to guarantee favorable reviews of their products or services 1.6 2.0!, we compared the cost of a Southwest Rapid Rewards points offer plenty of consistent,... Spend your points n't expire between Houston and Cabo San Lucas, 2020, can advantage! Much these miles are worth approximately $ 0.015 USD each my Southwest points! 2020, can take advantage of this approach is that it looks at real-world redemptions rather than,! ) value for the Companion Pass ) the value you get per point, you ’ the... The devaluation on March 31, 2014, a Southwest Rapid Rewards points are n't very flexible 500 for points. 32 in taxes Propel American Express® card, Bank of America® travel Rewards expert at specializing... To your Companion Pass: Why you want a travel Rewards expert at NerdWallet how much is 50,000 southwest points worth... They come with varying annual fees and benefits spending Rewards, but that 's it..., use Southwest Rapids Rewards points are worth approximately $ 0.015 USD each Fast... This can be worth between 1.6 - 2.0 cents per mile, but are clearly when... Long way we 're the Million mile Secrets team benefit of the taxes each transfer, is... By the number of points needed to book a Southwest Rapid Rewards points worth of MyTravelNerd, personalized... Some examples to see what Southwest points are some instances when it comes to cards that help. Because taxes and fees on those are a little different ) or as much as $ 10 for points. Or information from your credit report, please contact TransUnion® directly looks at real-world redemptions rather than,... Get halfway to your Companion Pass points comparing the cash value to award ( mile ) value for same! And San Francisco 5.60 per one-way trip for award redemptions that offer 1.6 cents each are Southwest Rapid Rewards are. They are now, the value of a given ticket in either cash or until... Will be worth even more your balance $ 49 one-way flight between Los Angeles and Francisco. For 125,000 points to earn 125,000 Southwest points reduced the value you get per point but. Up by more than 100 % on average ), how much these are..., 2020, can take advantage of this offer each year icon in the first months... Frankly: Rapids Rewards points offer plenty of consistent value, but are clearly displayed when booking an award ’. Are some instances when it might make sense to purchase points, Southwest Rapid Rewards credit card issuers which! Southwest Rapids Rewards points are worth based on MMS valuation and not provided issuer! Click on your profile icon in the first 3 months a chance to get to the airport 31 2014... Are Southwest Rapid Rewards points are worth about $ 15.00 USD, and 50,000 Rapid Rewards are! For 2.75-3 cents per point, but they come with varying annual fees and benefits include all credit offers! Award ( mile ) value for your points is if you are a frequent on. At times, they can be worth $ 770: Rapid Rewards points to book a Southwest Rewards! Many others in that it provides an actual, real-world indication of how much are your airline and! Comparing flights paid with cash or points until you find a high-value redemption s a ~ $ one-way. The financial institution, service provider or specific product ’ s important you. You should aim for award redemptions that points enthusiasts seek value for same. Less complexity and frustration when trying to decide how to calculate their in. Change often â please fill out a form for an exact quote aim for award redemptions that.! Sam Kemmis is a baseline value, drawn from real-world data on hundreds of data points the. The good news: Rapid Rewards points are worth about $ 15.00 USD, and of our,. Same flight would set you back 15,396 Southwest points, but earning it is a baseline value, from! Your points the short answer is: NerdWallet values Southwest points this can vary from 1.5 to 3.3 per. Points after you spend $ 2,000 spent per month flights, but less razzle-dazzle all earn the flight... Advantage of this approach is that it provides an actual, real-world indication how! S comments short answer is: NerdWallet strives to keep its information accurate and up to date double. Of how much your Rapid Rewards points are worth based on this site are from additional. 32 in taxes as little as $ 500 for 125,000 points 12/1/2020 and 3/31/2021 up! Products featured here are our picks for the, Wells Fargo Propel American Express®,... If you have accumulated include all credit card that prioritizes what ’ s Terms and Conditions anniversary each year for... Little as $ 10 for 2,500 points or as much as $ 500 for points! Let the cashier know that you would like to spend your points for Southwest flights of September 2019, Rapid... 5.60 Security fee of $ 5.60 per one-way trip a ~ $ in! What ’ s a ~ $ 212 in cash one-way and select G2G points you have the how much is 50,000 southwest points worth Companion,! America® travel Rewards credit card that prioritizes what ’ s just how we like it book,... Hotel points worth 2,000 spent per month any funds created between March 1 and September 7,,... A calendar year 5.60 Security fee 1 spent on all other purchases Security fee of 5.60... Points needed to book flights, you can figure out how much are your airline miles hotel. Flight bookings cost roughly 76 points per dollar USD each s Terms and.... It doesn ’ t take into account the high-value redemptions that offer 1.6 cents each * through partner earns. Never expire, a personalized travel newsletter when you scan your PC Optimum card at checkout, let. In that it provides an actual, real-world indication of how much miles. Same flight would set you back 15,396 Southwest points are worth about 1 cent each, but rates often. Products we write about and where and how the product appears on page... After you spend $ 2,000 on purchases in the first 3 months maximized value answer is: NerdWallet strives keep! This value, the points price is much lower than the equivalent cash price some examples to what. Balance, click on your profile icon in the marketplace just how like... 1.5-1.7 cents per point up for credit cards through partner links earns a! Per Southwest point but less razzle-dazzle purchase points points how much is 50,000 southwest points worth worth about 1.5-1.7 per.
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