Need to top off your Southwest Rapid Rewards account to hit a certain number of points to book a flight? Do you need to meet a credit card spend amount to get your Companion Pass this year? Do you want to fly someplace warm?
Well, you can accomplish this trifecta by buying Southwest points — if it makes financial sense.
There is a new Southwest points sale that let you buy Southwest points at up to a 40% discount.
Here’s our guide on how to buy Southwest points and more details about the sale.
To Buy — or Not to Buy — Southwest Points? That Is the Question.
In general, I don’t recommend that you buy Southwest points unless it’s the only way to quickly get you to a total number of points needed to book a flight almost free. Spending $100 to get you to the total number of points required is better than paying for the entire ticket!
Southwest often has points sales, as they are having now, where they either lower the price by a percentage or throw in some additional points for the same amount of money. This sale throws charges you less for the same amount of points.
Early on, when we were working to earn our first Southwest Companion Pass, which lets one person fly free with you for up to two years after earning 110,000 qualifying Southwest points, we purchased some points to get us to our first free flights.
I factored this cost, along with the Southwest credit card annual fees and $5.60 security fee per person per way, into the cost of flying almost free.
We ended up flying to six destinations within one year for less than $100 per flight for ALL four of us. Not bad! But we could have done it for even less had we avoided purchasing points.
Download my free guide below that shows you 10 things you MUST Know to earn the Companion Pass:
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The Current Southwest Points Sale
Now, through August 14, you can buy Southwest points at a discounted price.
Right now, Southwest is having a sale that grants you 40% more points when you buy at least 5,000 points.
Here’s how that shakes out:
- 5,000 points for $82.50 (regularly $137.50)
- 10,000 points fo $165 (regularly $275)
- 15,000 for $247.50 (regularly) $412.50
- 20,000 points for $330 (regularly $550)
The Value of a Southwest Point
The value of Southwest points vary. I calculate it by dividing a given fare price in cash by the number of points it costs. This can vary from 1.5 to 3.3 cents per point. Sometimes the points price is much lower than the equivalent cash price.
With the current sale, you’d be paying around 1.65 cents per point, which is pretty good, as it’s at the lower end of their average value.
Additionally, Southwest reduced the value of each point in April 2018. This is why it’s always good to spend the points you have rather than holding on to them. They DO lose value over time!
Paying with the Right Credit Card to Maximize This Offer
But to really make buying points a better deal, you could choose to pay with a travel credit card that earns Southwest points or points that instantly can be transferred to Southwest points like Chase Sapphire Preferred.
You’ll earn DOUBLE points on the Southwest cards, because this will code as a “Southwest” purchase, AND those double points (NOT the points you buy) will qualify for the Southwest Companion Pass, which lets one person fly free with you for up to two years after you earn 110,000 qualifying points.
If you pay with Chase Sapphire Preferred (read my full review on this card here), you’ll ALSO earn DOUBLE points, because it will code as a travel expense, which you can then move over to Southwest instantly to use to book free flights. Note: Points earned with Chase Sapphire Preferred DO NOT qualify for the Companion Pass.
- 10,000 points +
- 330 points (2 points per $1 earned on the points cost of $165 sales price)
That equals 10,330 points, which is still roughly 1.6 cents per point, again at the lower end of the cost of a Southwest point.
Your credit card options to maximize this deal, include:
- Chase Southwest Rapid Rewards Plus ($69 annual fee)
- Chase Southwest Rapid Rewards Premier ($99 annual fee)
- Chase Southwest Rapid Rewards Priority ($149 annual fee)
- Chase Southwest Rapid Rewards Business Premier ($99 annual fee)
- Chase Sapphire Preferred ($95 annual fee)
- Chase Sapphire Reserve ($450 annual fee)
Of course, if you can earn points for free — through ordinary spending on the Southwest credit cards or in the Rapid Rewards Shopping Portal, etc. — that’s better than paying for them :). Even if you purchase the $99 Motley Fool subscription in the Rapid Rewards Shopping Portal to earn 3,600-5,600 points, that’s still about 1.8 cents per point, and still a pretty good deal.
If you NEED Southwest points, purchasing during a sale with a Southwest credit card or Chase Sapphire Preferred is your best bet or check out the Rapid Rewards Shopping Portal to see if you can find a better deal.
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How to Buy Southwest Points
To buy Southwest points, visit Southwest.com/account/rapidrewards/points/buy-points.
- Select the number of Rapid Rewards points you want to buy from the dropdown list.
- Enter your payment details.
- Select Pay Now.
Note: Purchased points DO NOT count toward the 110,000 points you need to earn the Southwest Companion Pass.
Have you ever purchased Southwest Rapid Rewards points? Do you think it’s a good deal? Why or why not? Let me know in the comments.