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. This means each Southwest point is in theory worth ~1.32 cents ($1 / 76 Southwest points) towards Southwest’s cheap Wanna Get Away flights. *Value based on MMS valuation and not provided by issuer. Here's a chance to get halfway to your Companion Pass. It's like a buy-one-get-one-free deal on flights, but earning it is a challenge. 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 information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. For example, if you have 37,000 points, you can spend them for $30 off your purchase, and you’ll have a remaining points balance of 7,000 points. Southwest Rapid Rewards points offer plenty of consistent value, but less razzle-dazzle. 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. The value of Southwest points vary. 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. 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. 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… Terms apply to the offers listed on this page. That means that your 50,000 points would be worth $770. Before ever purchasing any type of miles or points it makes sense to figure out how much are those miles or points worth. Our opinions are our own. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. How Much Are Your Airline Miles and Hotel Points Worth in 2020. Earn between 12/1/2020 and 3/31/2021 on up to $2,000 spent per month. To check your G2G Points balance, click on your profile icon in the top menu and select G2G Points. Pre-qualified offers are not binding. Update: Points now worth a base rate of 1.28¢ each for Southwest flights. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. Between these two scenarios, paying money versus redeeming points, we are looking at a difference of $355 versus 22,902 points. I calculate it by dividing a given fare price in cash by the number of points it costs. How do Southwest points compare to other airline loyalty miles? 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. Also, I’ll add in an international trip as well (because taxes and fees on those are a little different). 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. And that’s just how we like it! Jump to Form The Points … That is, we compared the cost of a given ticket in either cash or miles across many tickets. Southwest Value: The value of Southwest points depends on the cash cost of the airfare vs how many points it costs to redeem. All financial products, shopping products and services are presented without warranty. In general, use Southwest Rapids Rewards points to book flights, but that's about it. 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. 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. per Southwest point is an average, baseline value that can help determine whether a given redemption is "worth it." Additionally, Southwest reduced the value of each point … Based on our valuations (not provided by the issuer), that full bonus is worth $1,400 … Points can only be redeemed in increments of 10,000. 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 … For example, an AAnytime Level 1 flight anywhere in the contiguous U.S. and Canada costs 20,000 points in the main cabin. 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. Hi, I have 10 – 50,000 points referral for the Southwest Chase Premier card. On this flight, you can get ~1.34 cents per point (($211.98 cash fare – $5.60 taxes) /15,396 points). 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. This flight from Baltimore to Denver costs ~$212 in cash one-way. Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. NerdWallet strives to keep its information accurate and up to date. 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. 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. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace. 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 believe everyone should be able to make financial decisions with confidence. However, this is calculated against the base fare without the taxes and fees. To test that, we looked at five route and fare class scenarios to compare how much … When you scan your PC Optimum card at checkout, simply let the cashier know that you would like to spend your points. The card awards 2 points on travel and dining and 1 point … Which Southwest Airlines Credit Card Should I Get? To redeem, you must have minimum 50,000 G2G Points in your balance. When evaluating offers, please review the financial institution’s Terms and Conditions. On average, Southwest points are worth ~1.5 cents each*. 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. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. 6,000 bonus points after your Cardmember anniversary each year. 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. 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. Earn 2 points per $1 spent on all other Southwest® purchases. Marriott Bonvoy Points can also be donated to good handful of charities and organizations. Signing up for credit cards through partner links earns us a commission. 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. All financial products, shopping products and services are presented without warranty. Including taxes, you’d pay ~$333 for a paid flight. And that’s just how we like it! — items are marked up by more than 100% on average. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 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. 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. Of course, if you have the Southwest Companion Pass, you can get nearly double the value for your points. Either $5 or 5% of the amount of each transfer, whichever is greater. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Southwest offers fewer “sweet spots” than many competitors, since Rapid Rewards points can’t be used to book with partner airlines. If you booked the same itinerary as an award flight, you’d pay 3,033 Southwest points. In addition to a sign-up bonus, the Southwest Rapid Rewards cards offer a referral bonus worth up to 50,000 points each year. However, this does not influence our evaluations. Generally, no. 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