Top-rated card with low annual fee. Here are the details on the new Southwest bonuses, and a look at why the end of the year is the perfect time to apply for a Southwest credit card. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If you're looking to earn a solid return on your spend, rewards credit cards are the way to go. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. This website is an independent, advertising-supported comparison service. About The Point Calculator Private Policy Advertising Policy. 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. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. Not bad! This is a baseline value, drawn from real-world data (see below) on hundreds of economy routes, not a maximized value. intro purchase APR N/A. 720 - 850: . 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. Shes a certified public accountant with degrees from the London School of Economics and Fordham University. Best well-rounded Southwest credit card. Southwest Points will have the best value when redeemed towards flights on Southwest. Use the Points to Dollars Calculator to get an estimate value of how much your points or miles are worth. . Its easy to earn Southwest points by opening a Southwest credit card ortransferring Chase Ultimate Rewards pointsfromrewards cardslikeChase Sapphire Preferred Card. 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. Overall, redeeming Southwest Points towards rental cars will give your points a really low value. Input your monthly and yearly spend amounts to find out which cards earn you the most points, miles, and cash back! . Southwest is running a promotion to buy points with up to a 50% discount on points purchases through November 22, 2022. Southwest Points To Dollars: Cash Value & Calculator. Southwest points are worth a fixed value per point when redeeming for flights. View our top credit card picks and find out which credit cards will earn you the most points. The airline's top credit card for business owners is a great way to dive deep in Southwest's frequent flyer program, with upgraded boarding and inflight wi-fi credits . . Generally, 3,000 points are $90. How much do you spend on credit cards per month? Sign-up bonus: 80,000 Rapid Rewards points after spending $5,000 on purchases in the first three months. 100,000 Southwest points are worth about $1,500. We believe everyone should be able to make financial decisions with confidence. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In other words, you should aim for award redemptions that offer. 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. Find The Best Business Credit Cards Based On Your Monthly Expenses. How much are 80,000 Southwest points worth? Southwest's points are consistently worth about 1.4 cents each when you redeem them for the airline's cheapest "Wanna Get Away" fares, which means 50,000 bonus points are worth roughly . 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. 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. We are an independent publisher. Luckily, many credit cards waive foreign transaction fees which is great if you're looking to earn rewards on international spending and travel. It also comes in handy for anyone who could benefit fromthe insurance it offers on travel accidents, lost luggage, baggagedelays, andmore. And theyre also aChase Ultimate Rewards transfer partner, so you can indirectlyearn Southwest pointswith topChase credit cardslike theChase Sapphire Preferred Card. This website does not include all card companies or all card offers available in the marketplace. 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. Offers 6K anniversary points, 2 EarlyBird Check-ins per year, and the ability to earn TQPs on spend. 80,000 Southwest Points Are Worth $1,120: Nerdwallet's Analysis. Southwest also offers the ability to redeem points for park-2-park tickets at Universal Orlando. Earning rates: 3 points per dollar on Southwest flights. Do not sell or share my personal information. This website does not include all card companies or all card offers available in the marketplace. Some of these cards also offer lower interest rates and balance transfer offers. 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 don't already have a Southwest Rapid Rewards Credit Card (excluding business and employee cards), and you haven't gotten a sign-up bonus on one of these cards in the last 24 months. These limited-time bonuses are a great way to get even more value from them as a new cardholder. Credit Card Combination Rewards Calculator. recommended credit N/A. . They are for illustrative purposes only. Earn 1X points on all other purchases. Sign-up bonus: Earn 75,000 points after you spend $3,000 on purchases in the first three months from account opening.Offer ends Dec. 5, 2022. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. . Then get an additional 30,000 points after spending $25,000 on purchases in the first six months. Her passion for travel rewards began in 2011 when she flew first class to London and Amsterdam on British Airways and used hotel points to stay in both cities. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. But when prices are low, like they are now, the value you get per point can be less. Elina Geller is a Lead Travel Writer at NerdWallet specializing in airline and hotel loyalty programs. So, your actual offer terms from an advertiser may be different than the offer terms on this site. 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. The Southwest Plus Card . Opening a Southwest credit card, offered by the airline and Chase, will now get you their biggest-ever sign-up bonus. Southwest used to lead the pack in terms of airline point and mile valuations, but not anymore. How much do you spend on business expenses each month? Capital One Miles Value Calculator: What Are They Worth? Assigning Editor | Travel, SEO, Travel Loyalty Programs. On average, Southwest points are worth ~1.4 cents each, per our estimations. At times, they can be worth even more. The first flight of the day, at 6:10 a.m. costs $423. Table: Southwest Credit Card Points Per $1 Spent. . How Much Are Travel Points and Miles Worth in 2023? A few miles short of a redemption? 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. This includes: When redeemed for gift cards, your Southwest Points will have a value of between 0.266 cents and 0.531 cents. This means each Southwest point is in theory worth ~1.32 cents ($1 / 76 Southwest points) towards Southwest's cheap Wanna Get Away flights. See our full advertiser disclosure here. 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. . She has been published in U.S. News & World Report, USA Today and elsewhere, and has spoken at conferences like that of NAFSA: Association of International Educators. Use this Southwest point value calculator to determine the cash value of any number of Rapid Rewards points. Designated trademarks and brands are the property of their respective owners. How much is 80000 Southwest points worth? 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. Continue with Recommended Cookies. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. That means it's better to earn a Companion Pass earlier in the year, because you'll have more time to use it. Intro Bonus: 80,000 points Earn 4X points on Southwest purchases; Earn 3X points on purchases made with Rapid Rewards hotel and car rental partners; Earn 2X points per $1 spent on local transit and commuting, social media and search engine advertising, and internet, cable, and phone services; Earn 1X points per $1 spent on all other purchases; Receive 4 upgraded bookings per anniversary year . The consent submitted will only be used for data processing originating from this website. Southwest Points are worth about 1.3 cents each on average which means 10,000 points would have a dollar value of roughly $130. These points can also be transferred to other programs when needed including United Airlines, Hyatt Hotels, Marriott Hotels, and more. , the short answer is this: the Southwest points value is about, each. Southwest Points have the best average value of 1.3 cents per point when redeemed towards award flights on Southwest. These cards offer general rewards that can be used towards a number of different redemptions including cash back, statement credits, travel, gift cards, and more. Thank you. And we're proud of our content, opinions and analysis, and of our reader's comments. We and our partners use cookies to Store and/or access information on a device. Email: Saint Cynthia Name Day, Articles OTHER