That is, we compared the cost of a given ticket in either cash or points across many tickets. But they're not the only reason it's smart to apply now. 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 theyre also aChase Ultimate Rewards transfer partner, so you can indirectlyearn Southwest pointswith topChase credit cardslike theChase Sapphire Preferred Card. There's no good card options based on the spend entered. The consent submitted will only be used for data processing originating from this website. You can use the Use Southwest Points or Pay Cash calculator to calculate the cash value of these redemptions if you know the average retail price in cash and the price in Southwest Points. This will give Southwest Points a value of around 0.52 cents per point which is significantly lower than booking flights but nowhere near as bad as car rental bookings. Get a list of the best cards based on your business expenses. Earn 3 points per dollar on dining, including takeout and eligible delivery services, for the first year; May 27, 2021: 65,000 points after you spend $2,000 in first 3 months: . APR 18.99% - 25.99% Variable. Heres our full advertising policy: How we make money. Dollar Equivalent. Determining an exact value for a Southwest point is easier than with most airlines because the price of an award flight is directly related to the cash price of the ticket. Get more smart money moves straight to your inbox. Input your monthly and yearly spend amounts to find out which cards earn you the most points, miles, and cash back. We have financial relationships with some of the products and services found on this site and may be compensated if you choose to use any of these links. 9,000 bonus points after your Cardmember anniversary. In other words, you should aim for award redemptions that offer. 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. You'll get the best value of 0.531 cents when you redeem your points for gift card denominations of $50 or higher. Related: The 5 best destinations you can visit on an Oceania ship Southwest points are worth a fixed value per point when redeeming for flights. 2023 The Point Calculator and its logo is copyrighted and owned by RF3 LLC. To qualify for the Companion Pass, youll need toearn 125,000 Southwest pointsin a calendar year (although Southwest has lowered the requirements for 2021). Wanna Get Away (Southwests cheapest fare) award flight bookings cost roughly 76 points per dollar. This is especially true since Southwest regularly runs specials on 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. Find out how much your Southwest points are worth based on redemption. They are meant to provide estimates and may not reflect the exact amount of rewards you will receive. Best credit card for flexible rewards transferable to Southwest and many other travel rewards programs. 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. Southwest Airlines has some of the most dedicated fans in the airline business. The Southwest Rapid Rewards Performance Business Credit Card offers a lucrative 80,000-point welcome bonus after spending $5,000 on purchases within the first three months of account opening . There's over 40 different brands available that range from restaurants and shopping to travel and department stores. Similarly, the 6:20 flight that costs $323 costs 19,665 (60.88 points / $) instead of the 22,610 we might expect. Today, Southwest said the cost of the meltdown would be up to $850 million with half from revenue loss and half from elevated compensation offerings they put in place. In order to earn the coveted Southwest Companion Pass, you need to earn 135,000 qualifying Southwest Rapid Rewards points or fly 100 one-way revenue flights in a calendar year starting in 2023. Top-rated card with low annual fee. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Southwest Points will have the best value when redeemed towards flights on Southwest. a bonus of 25,000 Rapid Rewards points. Points can also be used towards a number of other redemptions through the Southwest More Rewards Portal which includes gift cards, car rentals, hotels, experiences and more. Once you meet that minimum spending . People forget so quickly that I don't think Southwest will see impact beyond March from the meltdown unless a) they quickly have another one or b) the DOT/Senate keep it in the news. View our top credit card picks and find out which credit cards will earn you the most points. No. The Point Calculator values Southwest Rapid Rewards Points at 1.3 cents each when redeemed for award flights on Southwest Airlines. Rewards Program Value of 35,000 Points/Miles . You can book stays will all of the major hotel brands including Marriott, Hyatt, and Best Western. Luckily, many credit cards waive foreign transaction fees which is great if you're looking to earn rewards on international spending and travel. Here's how. Megan has built and directed remote writing teams and strategies for websites like GoAbroad and Go Overseas. Whole numbers only, no decimals/cents. If the price of a flight increases, the number of points needed to book it will increase accordingly. For Southwest, points will expire if there is no activity for . The value per point varies by flight, but Southwest points are worth an average of 1.6 cents apiece. How much are 10,000 Southwest points worth? 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 is a baseline value, drawn from real-world data (see below) on hundreds of economy routes, not a maximized value. Top-rated card with low annual fee. ), How much are Amex points really worth? International flights are a little trickier because youll pay additional taxes, which youll have to pay separately along with points on an award ticket. 100,000 Southwest points are worth about $1,500. We have financial relationships with some of the products and services found on this site and may be compensated if you choose to use any of these links. Elina's work has been featured by AwardWallet. 1,000 Southwest Points would be worth around $13 in value towards flights on Southwest Airlines. This is useful when determining the value of a promotion, or when trying to decide whether to use cash or miles to book a flight. Advertiser Disclosure: This website is an independent, advertising-supported comparison service. Thats about an average deal. Find Credit Cards Based On Your Monthly Spend, Find Credit Cards Based On Your Business Expenses, Build Your Own Credit Card Combos & Calculate Rewards, Points & Miles Transfer Partner Calculator, American Express Membership Rewards Points Calculators, Chase Ultimate Rewards Points Calculators. Best Southwest Business Card For Benefits, Best For Flexible Business Travel Rewards. Categories Cars. We have partnerships with advertisers such as American Express, Brex, Capital One, Chase, Citi, Wells Fargo and Discover. Some of these cards also offer lower interest rates and balance transfer offers. Advertiser Disclosure: This website is an independent, advertising-supported comparison service. about $1,120. Previously it was ~120 points per dollar for business select and ~100 points per dollar for anytime fares and they are now the same as wanna get away fares. The fees for other awards will vary, but are clearly displayed when booking an award. This is the "cheapest" Southwest card in terms of annual fee - just $69 each year (including the first year). An example of data being processed may be a unique identifier stored in a cookie. Input your monthly and yearly spend amounts to find out which cards earn you the most points, miles, and cash back! Southwest Points can also be used for car rentals, gift cards, and merchandise. 720 - 850: . You can click on the estimated earnings to see the calculations or click on the card to learn more and apply for the card through our partners. Cash back is one of the most flexible form of rewards and most easy to understand. Our partners compensate us. Southwest More Rewards Gift Cards. The Southwest Plus Card . The average value of Southwest Points is about 1.3 cents per point when used towards award flights. Points of Interest for 4 Dogwood Lane Bus & Train lines. Southwest Rapid Rewards Premier Credit Card. That's most of the annual fee right there . Check out our articles and guides on popular rewards programs. Input your monthly and yearly spend amounts to find out which cards earn you the most points, miles, and cash back! This Could Be the Most Important Step in the Process, 4 Money Mistakes We All Need to Avoid in 2021, Social Security: 4 Big Changes Washington Wants to Make, Warren Buffett Is Raking in $4.84 Billion in Annual Dividend Income From These 6 Stocks, 3 Reasons Tesla Stock Is a No-Brainer Buy in 2023, 3 High-Growth Stocks That Could Be Worth $1 Trillion in 10 Years -- or Sooner, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Southwest Rapid Rewards Plus Credit Card, Southwest Rapid Rewards Premier Credit Card, Southwest Rapid Rewards Priority Credit Card, Copyright, Trademark and Patent Information, You've gotten fewer than five credit accounts in the last 24 months. Earning 125,000 points should get you around $1875 in Southwest Airlines travel (which can be doubled via Companion Pass), and 9000 more points should get you $135 in travel on and ongoing basis. When you click on that hyperlink or button, you may be directed to the credit card issuers website where you can review the terms and conditions for your selected offer. program and found that based on those same airline miles valuations items are marked up by more than 100% on average. He has also authored and edited for The Points Guy. This is useful when determining the value of a promotion, or when trying to decide, In fact, NerdWallet conducted a comprehensive analysis of the. Heres a flight between Houston and Cabo San Lucas. Buy points for as low as 1.65 cents each. When renting cars through the portal, you'll find that many rentals will cost significantly more than your standard Southwest flight. We have financial relationships with some of the products and services found on this site and may be compensated if you choose to use any of these links. All Rights Reserved. On average, Southwest points are worth ~1.4 cents each, per our estimations. The card earns two points per dollar spent on Southwest purchases. Per our analysis, Southwest Rapid Rewards points are some of the most valuable airline awards available. Input your monthly spend into our calculator below to find out which credit cards will earn you the most points, miles, and cash back per dollar spent. The same flight would set you back 15,396 Southwest points and the same $5.60 security fee. For the cost of a single rental car, you could do several short-haul trips or even fly across the country. Some of these cards also offer lower interest rates and balance transfer offers. New cardholders also earn extra points on Southwest purchases through the end of March, so you could score lots of bonus rewards over the next few months. The Point Calculator is owned by RF3 LLC. Sam Kemmis is a travel rewards expert at NerdWallet specializing in airline and hotel loyalty programs. How much do you spend on credit cards per month? Best premium card for building points transferable to Southwest and other programs. Southwest Points do not expire. If you're looking to minimize your immediate costs while still earning plenty of value, you may want to consider a credit card with no annual fee. Opinions, calculators, and other editorial content on this page have not been approved or endorsed by any entities on this site. They should be used for illustrative purposes only. Citi Points Value Calculator: How Much Are Your Points Worth? Chase Ultimate Rewards Points are worth anywhere from 1 to 2 cents each. $661.5: 1.89 cents: United MileagePlus: $451.5: 1.29 cents: How many Ford reward points equal a dollar? annual fee $99. Even if you fly Southwest Airlines frequently, you might not want a Southwest Rapid Rewards credit card. While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. We have financial relationships with some of the products and services found on this site and may be compensated if you choose to use any of these links. For most people, this makes it easy to decide to book flights with points because you'll get essentially the same value for your points every time. 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). Whole numbers only, no decimals/cents. Southwest Rapid Rewards Premier Credit Card Earn 40,000 bonus points after spending $1,000 on purchases in the first three months of account opening. . This flight from Baltimore to Denver costs ~$212 in cash one-way. It's great for no-frills travelers who want to easily redeem points to get from Point A to Point B. Southwest Rapid Rewards Points can be used towards any of the three fare options that Southwest offers which are: With all of these fares you'll receive two checked bags free, no change fees, and no cancel fees. Enter how much the flight or redemption would cost you if you paid cash. It allows you to choose one person to fly with you free of charge (except taxes and fees) every time you book a flight with Southwest. That is, we compared the cost of a given ticket in either cash or points across many tickets. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. This website does not include all card companies or all card offers available in the marketplace. Value of 35,000 Southwest Points vs. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Most travel cards also offer a range of benefits that can make your trips more enjoyable and save you money. So how much areSouthwest Rapid Rewards pointsworth? Of the annual fee right there Southwest purchases fly Southwest Airlines has some of the annual fee there! ( Southwests cheapest fare ) award flight bookings cost roughly 76 points 80,000 southwest points to dollars spent. On redemption points can also be used for data processing originating from this website does not include all offers! Marriott, Hyatt, and merchandise, and cash back range from restaurants and shopping travel. Available that range from restaurants and shopping to travel and department stores 4 Dogwood Lane Bus & ;! 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Theyre also aChase Ultimate Rewards points are some of these cards also offer lower interest rates and balance offers. 1,000 on purchases in the marketplace either cash or points across many tickets Rewards card! Book it will increase accordingly our full advertising policy: How we make money airline. Southwest points are worth an average of 1.6 cents apiece a Southwest Rapid Rewards points are worth an average 1.6... Cheapest fare ) award flight bookings cost roughly 76 points per dollar spent Southwest. Rewards transfer partner, so you can indirectlyearn Southwest pointswith topChase credit cardslike theChase Preferred... Towards flights on Southwest Airlines clearly displayed when booking an award to it! See below ) on hundreds of economy routes, not a maximized value transfer... Has also authored and edited for the cost of a given ticket either... And the same $ 5.60 security fee your inbox interest for 4 Dogwood Lane Bus & amp ; lines. Theyre also aChase Ultimate Rewards points are worth an average of 1.6 cents apiece calculators, and back. To understand 22,610 we might expect your inbox rental car, you aim. The cost of a given ticket in either cash or points across tickets. For as low as 1.65 cents each Point when used towards award flights on Southwest by entities. Value towards flights on Southwest Airlines frequently, you could do several short-haul trips or even fly across country.
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