MileValue is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
Note: Some of the offers mentioned below may have changed or are no longer be available. You can view current offers here.
Until July 31, 2014, you get a 40% bonus when purchasing Southwest Rapid Rewards points.
You can buy points here and the bonus is automatically coded into the purchase.
With the 40% bonus, the all in price is 1.96 cents per point, and you can buy in increments of 1,400 points.
- Is buying Southwest Rapid Rewards for 1.96 cents each a good deal?
There are very few circumstances in which I would buy Southwest Rapid Rewards for 1.96 cents each.
Southwest points can be redeemed for any Wanna Get Away? fare (available on basically every flight until the last few days before departure) at a rate of 70 points for $1 of the fare.
That means Southwest points are basically worth about 1.43 cents each. Therefore purchasing them for 1.96 cents each is generally a terrible idea.
The only exception would be if you were just barely short of having enough points for an award ticket and were really cash poor.
Buying the minimum of 2,800 points for $56 could be an OK deal if it saved you a few hundred dollars on your next ticket.
Chase Sapphire Preferred® Card
Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.
With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel℠ and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.
The comments section below is not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all questions are answered.
these purchased points are not tier-qualifying, right?
Right
Seems like this could also be a good deal if you already have the Companion Pass since you can essentially get around 2.8 cents of value per point, correct? And these do NOT qualify toward the Companion Pass, right?
No because any dollar spent on your ticket would also essentially be worth twice as much.
Just get another Chase card I had 7 at one time or a few points BUT costly .