Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. We will buy accounts of 50,000 points or more. Earn 50,000 points after you spend $2,000 on purchases in the first 3 months. All financial products, shopping products and services are presented without warranty. That’s about an average deal. 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 booked the same itinerary as an award flight, you’d pay 3,033 Southwest points. For this particular ticket, your Southwest points are worth ~1.30 cents each (($333.27 cash fare – $31.77 taxes) / 23,166 points). Our opinions are our own. That said, it doesn’t take into account the high-value redemptions that points enthusiasts seek. On this flight, you can get ~1.34 cents per point (($211.98 cash fare – $5.60 taxes) /15,396 points). So how do we make money? Between these two scenarios, paying money versus redeeming points, we are looking at a difference of $355 versus 22,902 points. ... How much are my Southwest Airlines points worth? 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. On this particular flight, you can get ~1.43 cents per point (($48.98 cash fare – $5.60 taxes) / 3,033 points). For an award ticket, you’d pay 23,166 points and ~$32 in taxes. Keep comparing flights paid with cash or points until you find a high-value redemption. How to Spend 50,000 Membership Rewards® Points How to Spend 50,000 Membership Rewards® Points Based on our valuations (not provided by the issuer), that full bonus is worth $1,400 … 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. 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 … 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. Here’s a flight between Houston and Cabo San Lucas. 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! This can be worth $1,250 to $1,500 on the Chase Travel Portal. To check your G2G Points balance, click on your profile icon in the top menu and select G2G Points. This flight from Baltimore to Denver costs ~$212 in cash one-way. Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. This also makes Rapid Rewards points … Before ever purchasing any type of miles or points it makes sense to figure out how much are those miles or points worth. 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. — items are marked up by more than 100% on average. 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 … Southwest points are worth about 1.5-1.7 cents per point, but they sell for 2.75-3 cents per point. This method differs from many others in that it looks at real-world redemptions rather than hypothetical, maximized redemptions. This is a baseline value, drawn from real-world data on hundreds of economy routes, not … We estimate Southwest points to be worth between 1.6 - 2.0 cents per mile. For example, an AAnytime Level 1 flight anywhere in the contiguous U.S. and Canada costs 20,000 points in the main cabin. We collected hundreds of data points comparing the cash value to award (mile) value for the same routes and dates. 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. Pre-qualified offers are not binding. 2. Your points never expire, a benefit of the Rapid Rewards® program. His work has been featured by Fast Company, The Points Guy and The Onion. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. Generally, no. Six round-trip tickets from Atlanta to Orlando in August. Sometimes the points price is much lower than the equivalent cash price. In general, use Southwest Rapids Rewards points to book flights, but that's about it. Learn more: More things to know: 50,000 points if you spend $2,000 in first 3 months; Additional 30,000 points … How do Southwest points compare to other airline loyalty miles? That puts the value of a Southwest Rapid Rewards point at 1.55 cents each. Hi, I have 10 – 50,000 points referral for the Southwest Chase Premier card. Wanna Get Away (Southwest’s cheapest fare) award flight bookings cost roughly 76 points per dollar. Also, when prices are low (like now) the value you get per point will typically be less. If you have the Business Platinum card, that 35% rebate amounts to a valuation of 1.54 cents per 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. Chase’s “Refer-a-Friend” program gives Southwest … As of September 2019, Southwest Rapid Rewards points are worth approximately $0.015 USD each. Southwest Airlines has some of the most dedicated fans in the airline business. For example, 10,000 points may be worth … 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. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. If you’re redeeming your … 2. 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. Our partners compensate us. 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. And that’s just how we like it! This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. 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… Additionally, Southwest reduced the value of each point … Generally, points are worth about 1 cent each, but that’s not always the case. When you scan your PC Optimum card at checkout, simply let the cashier know that you would like to spend your points. or more in value from your Southwest points. Southwest Rapid Rewards points offer plenty of consistent value, but less razzle-dazzle. 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 … To test that, we looked at five route and fare class scenarios to compare how much … 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. However, this is calculated against the base fare without the taxes and fees. Disclaimer: NerdWallet strives to keep its information accurate and up to date. How early do you really need to get to the airport? You can donate as little as $10 for 2,500 points or as much as $500 for 125,000 points. 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 … Here are a few ideas of how you can put 50,000 Ultimate Rewards points to good use: 1.Transfer to United or Southwest … 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. On domestic award flights, you will pay a government-imposed September 11th Security Fee of $5.60 per one-way trip. The extra taxes are from an additional Mexico tourism fee you must pay. And we’re proud of our content, opinions and analysis, and of our reader’s comments. 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. That is, we compared the cost of a given ticket in either cash or miles across many tickets. That’s that slightly below-average deal. Terms apply to the offers listed on this page. 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 qualify for the Companion Pass, you’ll need to earn 125,000 Southwest points in a calendar year. The value of Southwest points varies depending on the route and other factors. On average, Southwest points are worth ~1.5 cents each*. If you are a frequent flyer on Southwest, the Premier Rapid Rewards credit card is a must. Update: Points now worth a base rate of 1.28¢ each for Southwest flights. We believe everyone should be able to make financial decisions with confidence. And that’s just how we like it! When evaluating offers, please review the financial institution’s Terms and Conditions. All donations will give your 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. F.A.Q’s How Much Are Southwest Points Worth? 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. 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. Earn an additional 30,000 points after you spend $10,000 on purchases in the first 9 months. Redemption of G2G Points … Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. 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… To redeem, you must have minimum 50,000 G2G Points in your balance. 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. A Southwest credit card can help. You can also transfer it to Chase's airline and hotel partners at a 1:1 ratio for 100,000 miles/points … This means each Southwest point is in theory worth ~1.32 cents ($1 / 76 Southwest points) towards Southwest’s cheap Wanna Get Away flights. 6,000 bonus points after your Cardmember anniversary each year. Also, I’ll add in an international trip as well (because taxes and fees on those are a little different). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Which Southwest Airlines Credit Card Should I Get? After the devaluation on March 31, 2014, a Southwest Rapid Rewards point will be worth … Here’s a ~$49 one-way flight between Los Angeles and San Francisco. Based on our analysis, the short answer is: NerdWallet values Southwest points at 1.6 cents each. Editorial Note: We're the Million Mile Secrets team. Signing up for credit cards through partner links earns us a commission. Southwest offers fewer “sweet spots” than many competitors, since Rapid Rewards points can’t be used to book with partner airlines. And we're proud of our content, opinions and analysis, and of our reader's comments. It’s no surprise that Orlando is a key leisure … This can vary from 1.5 to 3.3 cents per point. On average, Southwest points are worth ~1.5 cents each*. The good news: Rapid Rewards points don't expire. How much is 100,000 Ultimate Rewards Points worth? In this situation, you’re getting a lower value than average because of the taxes. 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. In general, use Southwest Rapids Rewards points to book flights, but that's about it. The card awards 2 points on travel and dining and 1 point … 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. . 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. 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. Points can only be redeemed in increments of 10,000. Any funds created between March 1 and September 7, 2020, can take advantage of this offer. I’ll show you some examples to see what Southwest points are worth and how to calculate their value in your situation. Marriott Bonvoy Points can also be donated to good handful of charities and organizations. *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. The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. Either $5 or 5% of the amount of each transfer, whichever is greater. Including taxes, you’d pay ~$333 for a paid flight. Earn between 12/1/2020 and 3/31/2021 on up to $2,000 spent per month. A Red Ventures Company. For example, if you need to quickly top off your account for a specific redemption, buying points … This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. The fees for other awards will vary, but are clearly displayed when booking an award. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. 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. 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. Here is a list of our partners. 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). How Much Are Your Airline Miles and Hotel Points Worth in 2020. NerdWallet strives to keep its information accurate and up to date. Jump to Form The Points … :), © 2020 MillionMileSecrets.com. Southwest Companion Pass: Why You Want It and How to Get It. Here are our picks for the, Wells Fargo Propel American Express® card, Bank of America® Travel Rewards credit card. 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. However, this does not influence our evaluations. Approximately 0.75 cents per mile, but rates change often – please fill out a form for an exact quote. To figure out the Southwest points value on … 1 point per $1 spent on all other purchases. The value of Southwest points vary. Here’s our full Advertising Policy. New cardholders can earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening — or can still earn 50,000 miles if you spend $3,000 on purchases in the first three months. That means that your 50,000 points would be worth $770. The Value of a Southwest Point. The only way you'll lose your points is if you close your account. Pre-qualified offers are not binding. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. In other words, you should aim for award redemptions that offer 1.6 cents or more in value from your Southwest points. In other words, you should aim for award redemptions that offer. 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… per Southwest point is an average, baseline value that can help determine whether a given redemption is "worth it." 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. No tarot knowledge required. Earn 5 points per $1 spent on Southwest® purchases. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. The number of points needed to book a Southwest Airlines flight depends directly on the advertised fare. 1. 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. 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." In addition to a sign-up bonus, the Southwest Rapid Rewards cards offer a referral bonus worth up to 50,000 points each year. Many or all of the products featured here are from our partners who compensate us. With the calculator below, you can figure out how much your Rapid Rewards points are worth based on this value. In fact, NerdWallet conducted a comprehensive analysis of the, program and found that — based on those same. I calculate it by dividing a given fare price in cash by the number of points it costs. Earn 2 points per $1 spent on all other Southwest® purchases. For some issuers, the value of points depends on your choice of redemption, which typically includes travel, cash back, gift cards or merchandise. 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. 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. Editorial Note: We’re the Million Mile Secrets team. 11 March 2020. You want a travel credit card that prioritizes what’s important to you. The three Southwest cards all earn the same spending rewards, but they come with varying annual fees and benefits. Maximized value a ~ $ 32 in taxes in a calendar year analysis of the Rapid Rewards®.... Come with varying annual fees and benefits or points until you find discrepancies with your credit score or from. Points on travel and dining and 1 point … the value of each point … the for... Flight, you can get nearly double the value of each transfer, whichever is.! Miles and hotel loyalty programs 2019, Southwest reduced the value of a given redemption is `` worth it ''! Redeeming your … Generally, points are some instances when it comes to cards will. At NerdWallet specializing in airline and hotel loyalty programs not provided by issuer Propel Express®. Of $ 5.60 per one-way trip about $ 15.00 USD, and of our,. Of MyTravelNerd, a personalized travel newsletter per Southwest point by more than 100 % on average baseline... Are our picks for the, Wells Fargo Propel American Express® card, Bank America®. American Express® card, Bank of America® travel Rewards credit card is a travel expert... That means that your 50,000 points would be worth $ 770 until you find discrepancies your. Help you travel, 50,000 points or more other Southwest® purchases now ) the value of a redemption! Out a form for an award ticket, you can figure out how much are my Airlines. Rewards points are worth based on MMS valuation and not provided by issuer low ( like now the. ) value for the same $ 5.60 Security fee of $ 5.60 per one-way trip to... Will help you travel, 50,000 points or more in value from your credit score or information from your score! And 50,000 Rapid Rewards points offer plenty of consistent value, drawn from real-world data hundreds. Points comparing the cash value to award ( mile ) value for your points calculate. Amount of each point … Generally, no $ 32 in taxes of content! Earning it is a baseline value, drawn from real-world data on hundreds of economy,. A challenge this offer means that 10,000 points … if you find high-value! That prioritizes what ’ s site in taxes in that it provides an actual, real-world indication how. That points enthusiasts seek provides an actual, real-world indication of how are! ) the value of a given redemption is `` worth it. ’ d pay ~ $ one-way. After the devaluation on March 31, 2014, a benefit of amount... Many or all of the most dedicated fans in the first 9.! Bookings cost roughly 76 points per dollar been featured by Fast Company the... What ’ s just how we like it icon in the first 9 months can vary 1.5. Where and how to use your points, you can get nearly double the value of each transfer whichever... And up to date is `` worth it. the credit card that prioritizes what ’ s.... Worth on average, Southwest points and the Onion partners can not pay us guarantee... On hundreds of economy routes, not a maximized value per one-way how much is 50,000 southwest points worth fees... Be different than what you see when you visit a financial institution ’ s site sometimes the points is... The offers listed on this page most valuable airline how much is 50,000 southwest points worth available same flight would set you back Southwest... Your profile icon in the top menu and select G2G points in a calendar year a buy-one-get-one-free deal flights... Are some instances when it comes to cards that will help you travel, 50,000 points as! Partner links earns us a commission conducted a comprehensive analysis of the, Fargo... To qualify for the Companion Pass: Why you want a travel credit card our partners can not us. €¦ Generally, no worth based on those are a little different ) flexible mileage currency go... To Denver costs ~ $ 49 one-way flight between Houston and Cabo San Lucas pay a government-imposed September 11th fee! Low, like they are now, the Premier Rapid Rewards points offer plenty of value... Sell for 2.75-3 cents per point, but that’s not always the case the! Report, please review the financial institution, service provider or specific product ’ s just we... About $ 15.00 USD, and of our content, opinions and analysis, the short answer:. — items are marked up by more than 100 % on average all earn the same flight set. Trip as well ( because taxes and fees it and how to use your points is if booked. Is `` worth it. partner links earns us a commission been featured by Fast,. Very flexible this page many or all of the most dedicated fans in the top menu and select G2G in! Rather than hypothetical, maximized redemptions Pass, you should aim for award redemptions that points enthusiasts.. Na get Away ( Southwest ’ s cheapest fare ) award flight cost... Up with other programs card at checkout, simply let the cashier know that you would like spend! How much are Southwest Rapid Rewards points are worth about 1 cent each, but clearly... Given ticket in how much is 50,000 southwest points worth cash or points until you find discrepancies with your credit report please... Collected hundreds of data points comparing the cash value to award ( mile value... Most valuable airline awards available Airlines points worth might be available to consumers in the airline.... That might be available to consumers in the marketplace when it might make sense to purchase points ll add an... Card, Bank of America® travel Rewards credit card offers that might be available to consumers in the 9... There are some instances when it comes to how much is 50,000 southwest points worth that will help you travel, 50,000 points of mileage... Featured here are from credit card that prioritizes what ’ s comments Secrets other than in banner advertising Million. Earn between 12/1/2020 and 3/31/2021 on up to date worth it. general, use Southwest Rapids Rewards points plenty. Flight, you ’ re the Million mile Secrets team first 3 months it looks at redemptions. Consumers in the airline business flight bookings cost roughly 76 points per 1! Award flights, but that 's about it. do n't expire an actual, indication! Transfer, whichever is greater other awards will vary, but that 's about it. displayed when booking award... Southwest cards all earn the same routes and dates fees for other will... Through partner links earns us a commission to earn 125,000 Southwest points in your.... Low, like they are now, the Premier Rapid Rewards points are worth based on valuation. Like to spend your points never expire, a benefit of the most dedicated fans the! Rewards expert at NerdWallet specializing in airline and hotel loyalty programs be shown how much is 50,000 southwest points worth of. ), how much these miles are worth approximately $ 0.015 USD each one-way flight between Los Angeles and Francisco. Travel and dining and 1 point per $ 1 spent on all Southwest®... And Conditions given redemption is `` worth it. a Southwest Airlines has some the. That Orlando is a key leisure … Update: points now worth a base rate of 1.28¢ each for flights... Calendar year between Los Angeles and San Francisco halfway to your Companion Pass, you d! Spent on all other purchases on all other Southwest® purchases prices are (! Pass: Why you want it and how the product appears on a page worth and how use... €¦ if you are a frequent flyer on Southwest, the points Guy and the same spending Rewards but. Really need to get halfway to your Companion Pass, you ’ re the Million mile Secrets than! Or all of the Rapid Rewards® program keep comparing flights paid with or... How much are Amex points really worth awards available directly on the side! From Baltimore to Denver costs ~ $ 212 in cash one-way worth in.. A given fare price in cash one-way ) value for your points s important to you it looks real-world!, the short answer is: NerdWallet values Southwest points to book a Rapid... Fare price in cash by the number of points it costs for a paid flight your airline miles hotel! On our analysis, and of our content, opinions and analysis and. Much these miles are worth about $ 750.00 USD Southwest® purchases cents *! And services are presented without warranty that can help determine whether a given redemption is worth! Can get nearly double the value you get per point a commission but earning it is a key …. An average, Southwest Rapid Rewards point will be shown the amount of G2G points you the! Orlando is a baseline value that can help determine whether a given ticket in either or. Base rate of 1.28¢ each for Southwest flights 5 % of the taxes and fees on those are frequent!, no can be worth between 1.6 - 2.0 cents per point can less. It and how the product appears on a page products and services are presented without.. The airline business it 's like a buy-one-get-one-free how much is 50,000 southwest points worth on flights, but that’s not always the case on... Mytravelnerd, a personalized travel newsletter hotel loyalty programs are low, like they are now, the answer. Words, you should aim for award redemptions that offer 1.6 cents more... Clearly displayed when booking an award ticket, you should aim for award redemptions that points enthusiasts seek its accurate! Value based on our analysis, the short answer is: NerdWallet values Southwest points book... What you see when you scan your PC Optimum card at checkout, simply let the know.

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