These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. Not bad! That is, we compared the cost of a given ticket in either cash or points across many tickets. This welcome bonus of 100,000 Southwest points are worth approximately $1,400 towards Southwest flights, making this one of the best credit card welcome bonuses currently available. If you're looking to earn a solid return on your spend, rewards credit cards are the way to go. Southwest Points have the best average value of 1.3 cents per point when redeemed towards award flights on Southwest. Chase Points Value Calculator: How Much Are Your Points Worth? Here's what we calculated as the value of Rapid Rewards points on this route: Business Select: 1.3 cents. Using our calculations, this has a baseline value of $375 towards award flights. a bonus of 25,000 Rapid Rewards points. This website does not include all card companies or all card offers available in the marketplace. Southwest points are worth a fixed value per point when redeeming for flights. Also, new card holders will earn 5 points for every dollar spent on Southwest purchases between December 1, 2020, and March 31, 2021, on up to $2,000 in purchases per month (and 2 points per dollar spent thereafter). After meeting the $5,000 minimum spend to earn the full bonus, you would end up with at least 80,000 Southwest Rapid Reward points (75,000 from the sign-up bonus plus 5,000 from spending you had . This means the higher the cash price, the higher the cost in Southwest Points. 21, . To calculate the value of each point for your specific flight, use the following formula: (Cash price of ticket taxes and fees youd pay on theawardticket) / number of points required for an award ticket. End Date: None. This card earns NEW! We strive to keep our information accurate and up-to-date, but some information may not be current. Global Entry or TSA PreCheck Fee Credit. But it actually only costs 26,111 points (plus a $5 fee). Similarly, the 6:20 flight that costs $323 costs 19,665 (60.88 points / $) instead of the 22,610 we might expect. We and our partners use cookies to Store and/or access information on a device. 30,000 Southwest Points would be worth around $390 in value towards flights on Southwest Airlines. Find The Best Credit Cards Based On Your Monthly Spend. ), How much are Amex points really worth? Customers and investors in the crypto exchange have lost potentially billions of dollars following its collapse In general, use Southwest Rapids Rewards points to book flights, but that's about it. Use the full credit card finder tool for additional customization options including the ability to add additional categories, toggle between monthly and yearly spend, and more. The Point Calculator is owned by RF3 LLC. . Some cardholders also get 5 points per $1 on Amazon and groceries. 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. Since there is no award chart, the value of Rapid Rewards points is pegged to a specific cash amount. 65,000 Southwest Points would be worth around $845 in value towards flights on Southwest Airlines. About The Point Calculator Private Policy Advertising Policy. Update: One or more card offers in this post are no longer available. The annual accumulation is what the A List and A List Preferred statuses are . Advertiser Disclosure: This website is an independent, advertising-supported comparison service. Southwest Points can be redeemed for experiences as well as merchandise through the More Rewards portal. If you're looking to vacation in Hawaii, you can get to all of Hawaii's major cities using Southwest. For Southwest, points will expire if there is no activity for . If you know the cost of the experience or average retail cost of the merchandise and you know the cost in Southwest Points, you can use the Southwest Points To Dollars Calculators to calculate how much your points would be worth. Based on our analysis, the short answer is this: the Southwest points value is about 1.5 cents each. When you make a charge with your credit card outside of the U.S., many card issuers will charge you a foreign transaction fee which is typically around 3% of the purchase price. And the Southwest Companion Pass is one of the very best. . Here is a list of our partners. Southwest has given all travelers affected by its. Southwest used to lead the pack in terms of airline point and mile valuations, but not anymore. Each advertiser is responsible for the accuracy and availability of its ad offer details, but we attempt to verify those offer details. Dollar Equivalent. How much are 80,000 Southwest points worth? This may influence which products we write about and where and how the product appears on a page. Earn up to 80,000 bonus points with these Southwest credit card offers. Here are the credit cards you can use to earn Southwest points: Chase Ultimate Rewards points can be transferred to Southwest at a 1:1 ratio meaning that every 1,000 Chase points you transfer will give you 1,000 Southwest Rapid Rewards points. Our guide to calculating their value, Do Not Sell or Share My Personal Information, Southwest Rapid Rewards Performance Business Credit Card, transferring Chase Ultimate Rewards points, Best Hilton credit cards: Improved weekend night certificates, earning rates and more. Top-rated card with low annual fee. Learn more: Don't just redeem miles redeem them wisely. 1 point per $1 spent on all other purchases made with your card. These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. However, this is calculated against the base fare without the taxes and fees. Southwest Rapid Rewards points offer plenty of consistent value, but less razzle-dazzle. We and our partners use cookies to Store and/or access information on a device. Sam Kemmis is a travel rewards expert at NerdWallet specializing in airline and hotel loyalty programs. Enter how much the flight or redemption would cost you if you paid cash. Earn 80,000 points after you spend $5,000 on purchases in the first 3 months. This is useful when determining the value of a promotion, or when trying to decide, In fact, NerdWallet conducted a comprehensive analysis of the. This website does not include all card companies or all card offers available in the marketplace. View our top credit card picks and find out which credit cards will earn you the most points. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Select the program, enter total points or miles, and the calculator will output the average cash value. Southwest Point Value Calculator: How Much Are They Worth? The committee was informed that funding of 80,000 has been secured for the proposed exhibit and walking trail. Use the Points to Dollars Calculator to get an estimate value of how much your points or miles are worth. Thats that slightly below-average deal. That said, it doesnt take into account the high-value redemptions that points enthusiasts seek. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. Wanna Get Away (Southwests cheapest fare) award flight bookings cost roughly 76 points per dollar. Megan Lee joined the travel rewards team at NerdWallet with over 10 years of SEO, writing and content development experience, primarily in international education and nonprofit work. Best premium card for building points transferable to Southwest and other programs. For more information, please see How we make money. This means each Southwest point is in theory worth~1.32cents ($1 / 76 Southwest points) towards Southwests cheap Wanna Get Away flights. In 2019, Elina founded TheMissMiles, a travel rewards coaching business. The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. Southwest offers few sweet spots. Also, the airlines points cant be used to book with partner airlines. And thats just how we like it! You can get even higher values if you're flexible. Read more. Manage Settings This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicants credit approval. No. The fees for other awards will vary, but are clearly displayed when booking an award. Capital One Miles Value Calculator: What Are They Worth? More Details Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel Shop our Best-Of Awards to see 2023s top hotel and airline rewards programs, picked by our Nerds. Disclaimer: NerdWallet strives to keep its information accurate and up to date. While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. When points are redeemed through Chase's Ultimate Rewards online travel portal, they are also valued at 1.25 cents apiece. How much are 10,000 Southwest points worth? How to redeem points. Annual fee: $199. Southwest Rapid Rewards Plus Credit Card Earn 40,000 bonus points after spending $1,000 on purchases in the first three months of account opening. Check ourHot Dealsfor the latest offers. . Read more, Elina Geller is a Lead Travel Writer at NerdWallet specializing in airline and hotel loyalty programs. Here's how. 40,000 Southwest Points would be worth around $520 in value towards flights on Southwest Airlines. This makes 80,000 points worth $1,200 without a Companion Pass and a whopping $2,400 if you have a Companion Pass and book travel for you and your designated Southwest companion. View the full list of Southwest transfer partners and calculate the conversion. These bonuses are obviously a great incentive to open a credit card with Southwest. Since the program doesn't have an award chart, Southwest points are worth about the same redemption to redemption. The owner of this site is not a legal or tax professional and the statements and articles on this site are opinions of the owner and should not be relied upon for individual circumstances. So based on the 70 points / $1 metric, I would expect that flight to be redeemable for 29,610 points. Southwest Points can also be used for car rentals, gift cards, and merchandise. The Chase 5/24 rule is one of the most stringent rules that a credit card issuer has in place. About These Calculators: These calculators are provided to help you estimate the value of points and miles, the calculations of rewards earned with credit cards, and the transfer of rewards between programs. 65,000 Southwest Points would be worth around $845 in value towards flights on Southwest Airlines. There are two limited-time offers available with Southwest's personal credit cards: 80,000 bonus points: New cardholders earn 50,000 points after spending $2,000 in three months, plus an . This is useful when trying to decide whether to use cash or Southwest Points to book a flight. "At that point, I just threw . 10,000 Southwest Points would be worth around $130 in value towards flights on Southwest Airlines. This is the "cheapest" Southwest card in terms of annual fee - just $69 each year (including the first year). The average value of Ultimate Rewards Points range from 1 cent to 2 cents. Get the full details on all redemption options and calculate the cash value of points for each. We and our partners use cookies to Store and/or access information on a device. You can get these offers with any of the three personal credit cards offered by Southwest: The 80,000-point sign-up bonuses are double what the Southwest credit cards typically offer. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. We collected hundreds of data points comparing the cash value to award (point) value for the same routes and dates. When renting cars through the portal, you'll find that many rentals will cost significantly more than your standard Southwest flight. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. If you want to get more in-depth details on the value of rewards as well as the value for other redemptions, you can click on the More . Southwest Points can be used to book hotel stays with several leading brands including Best Western, Hyatt, and Marriott. This includes: These are all great options if you're looking for an easy getaway to some fun in the sun. Earn 2X points on internet, cable, phone services, and select streaming. And we're proud of our content, opinions and analysis, and of our reader's comments. Be sure to read the terms and conditions of credit cards and rewards programs before applying/signing up as benefit and perk changes may not be reflected immediately on this website. Southwest offers five credit cards that are great of earning points on everyday spending. The good news: Rapid Rewards points don't expire. Offers lounge access and excellent travel insurance. 2 points per $1 spent internet, cable, and phone services, and select streaming.
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