While we strive to provide a wide range of offers, our site does not include information about every product or service that may be available to you. } html[lang="es"] div.footer div.flex-placement > div:nth-child(9) { Southwest has built in a "funds to points conversion eligibility" tab that shows you how many points you will get in exchange for the balance of your travel funds. 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. You want a travel credit card that prioritizes whats important to you. Approved reimbursement payments will be sent either by check or Hyperwallet, a PayPal service contracted by Southwest to make the distribution of approved Customer payments easy, efficient, and convenient. Again, you may use your travel funds for cash fares or to pay the taxes and fees on award tickets. } 6,000 points can be earned on the card account anniversary. Others require you to call customer service. font-weight: bold; The Southwest Rapid Rewards Premier Business Credit Card offers its members various benefits. 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. Its fantastic to see Southwest allowing Rapid Rewards members to convert ticket credits into points at a fair rate. This is because once you receive a companion pass, you may get another person to travel with you for free (not including fees and taxes) when you redeem your points for a flight ticket. No voucher or credit can be used to purchase EarlyBird Check-In. If you're a Rapid Rewards Credit Card holder, you may use the More Rewards platform to get gift cards, buy merchandise and book events or experiences for others. Can you use travel funds to buy points on Southwest? Best Personal Loans for Debt Consolidation, Best Personal Loans with Low-Interest Rates, Best Personal Loans with Low-Income Limits, Student Loan Forgiveness and Cancellation, How to Earn and Maximize Points From Southwest Airlines, How to Get the Southwest Miles A-List Status. You can then use these points to redeem for free flights on Southwest. Your travel funds can be transferred to someone else with a Rapid Rewards account if you bought a a Business Select, Anytime or Wanna Get Away Plus fare. Even if you can't take advantage of the current fare sale, I want you to be ready for the next one! Your travel funds can be transferred to someone else with a Rapid Rewards account if you bought a a. fare. Southwest Airlines is an excellent value for American travelers who mainly fly within the U.S. Lee Huffman is a travel writer and podcast host based in Nashville, Tennessee. Southwest has always offered the ability to buy points, but at a price that isnt really a good deal. Alternately, if a flight costs $100, and youve got $70 in travel funds, you can redeem your find and pay $30 in cash for that flight. 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. background-color: #3b5998 !important; left: 277px !important; Simply check your email inbox (or spam folder) to see if you've received an email from Southwest Airlines saying "A-List status is all yours.". You will need to enroll for an account with your first and last name, date of birth, mailing address and email address. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. Qualifying for a Companion Pass allows you to earn up to double the value of your Rapid Rewards points. Overall, converting your Southwest travel funds to points is a great way to save money on future flights. html[lang="es"] .header-flyout--promo-section .link--text div { font-size: 12px !important; } The number of points you earn depends on how much your ticket costs and the fare type. Travel funds (refunds from canceled reservations) can only be used to purchase a ticket and cannot be used to purchase EarlyBird Check-In or upgraded boarding positions that are available to purchase at the gate. font: italic normal 11px/1 Arial; You would need to purchase at least 2,000 points and may purchase no more than 60,000 points daily. Last week, Southwest announced that travelers can now convert some travel funds to Rapid Rewards points. Shes a certified public accountant with degrees from the London School of Economics and Fordham University. According to the Southwest Community message boards, your one hope is to call customer service within six months of the expiration and ask them to reinstate your travel funds as a LUV voucher. When evaluating offers, please review the financial institutions Terms and Conditions. In order to convert your travel funds to points, you will need to have a Southwest Rapid Rewards account. To support our work, we are paid for providing advertising services. A Business Select fare on the same flight would need 19,641 points plus $5.60, the cash price of which is $278. From there, youll be able to convert your travel funds to points. And the deadline for converting those funds is December 15, 2020. The second way to convert your travel funds into points Southwest is to use a travel rewards program. Is converting travel funds to points worth it? } There is information in the previous heading. Held Funds A maximum of three Held Funds tickets can be applied per Passenger on each reservation. Also, note you cannot pay taxes or fees with Southwest Rapid Rewards Points. 2. padding: 0; white-space: normal; For example, if you open a personalSouthwest credit cardand earned its 65,000 point bonus after spending $2,000 on purchases in the first three months of account opening, you could redeem them for $835 to $975 in Southwest flights. The number of codes issued is based on the number of Passengers on the reservation that was canceled or significantly delayed. Our reporters create honest, accurate, and objective content to help you make decisions. } position: absolute; Members earn 3X points per dollar if they opt in for email communication. Rapid Rewards points can be earned through NRG Home, Reliant, Rewards for Opinions, e-Rewards and Emergency Assistance Plus (EA+). The cash price of this ticket is $148. Others do not. Learn more about Southwest points to dollars value to determine which redemption method might work best for you through these commonly asked questions. There are a few benefits to having Rapid Rewards points. bottom: 200px; Southwest travel funds are typically created when you cancel or change a Wanna Get Away reservation. Once boarding numbers are assigned to A-List and other Early Bird passengers at 36 hours before departure, you can no longer buy Southwest Early Bird check-in. These programs allow you to earn points for every dollar you spend on travel-related expenses, including airfare, hotel stays, and car rentals. How Much Are Travel Points and Miles Worth in 2023? This means you pay 3 cents per point, considerably less than the average value you receive when redeeming them. Enter the Rapid Rewards number, first and last name, and email address of the account in which you want to deposit the points. These programs allow you to transfer points from one rewards program to another. You will then be able to enter the amount of points you would like to redeem and hit Redeem to complete the transaction. Information constitutes acceptance of our Terms and Conditions. The email sent today offers a discount on purchasing points with cash. } You can use them to book flights, hotels, and car rentals, or to purchase gift cards or merchandise. Wanna Get Away fares are not eligible to transferred, so they can only be used by the ticketed passenger. Just because you purchase points with travel funds does not mean you will get a good deal. Please note: you will only need to fill out the form once for all travelers on your reservation. [data-class="swa-g-screen-reader-only"] { This is 0.22 cents less than the average value forSouthwest points, so it can be a good deal! There is information in the previous heading. If you receive 1.5 cents per point, they are worth $600. What some people do is wait for their travel funds to expire, and then contact Southwest and ask for them to transfer the travel funds to a LUV voucher. For example, a Wanna Get Away fare from New York to Chicago during the first week of February 2023 would require around 5,500 points plus $5.60 in fees and taxes. Additionally, dont use your miles for low-value redemptions like magazine subscriptions or merchandise. What Are Southwest Travel Funds? 80,000 Rapid Rewards points are worth $1,040 when valued at 1.3 cents per point. Buying 2,000 costs $60. That means either buying some expensive flights and then canceling them for travel funds, or just buying the points directly from the sale. However, remember that Southwest is a budget carrier and isnt part of any alliance. Here's how. You must do so before December 15, 2020, through this link. text-decoration: none !important; What are the benefits of Rapid Rewards points? MoneyGeek experts have accounted for how the worth of Southwest Rapid Rewards points changes depending on different redemption methods to arrive at their average value. Can I convert Southwest travel funds to points 2021? } MakeItCount members also get 10 cents off per gallon on their first four visits, followed by 5 cents off per gallon. Can I use my points to buy $49, $69 and other low-fare flights? There are a number of different travel rewards programs available, so you should be able to find one that offers points that can be redeemed for flights on Southwest. The cards offer spend-based welcome bonuses that let you earn points faster. Southwest has vowed to go "above and beyond" for the passengers affected after it canceled more than 15,000 flights over a weeklong span after a brutal winter storm last month. I could be wrong but until the feature is released we wont know for sure. Many or all of the products featured here are from our partners who compensate us. Even if you dont have elite status with Southwest, you will board before the rest of the passengers and improve your boarding position. 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