50,000 Southwest points are worth approximately $665 when redeemed for airfare. While Southwest Airlines Rapid Rewards points are most valuable when redeemed for Travel, they're also redeemable for gift cards, hotel stays, merchandise, and more.
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How Much Are Southwest Points Worth? Depending on the itinerary, Southwest Rapid Rewards can be worth between 1 cent and 1.5 cents. As a result, 50,000 Southwest points are typically worth between $500 and $750 in award flights within the United States or one of the airline's international destinations.
Southwest points are worth about $0.015 each. So, to give you an idea of the value of those bonuses, 80,000 points should get you about $1,200 in free flights. You can get these offers with any of the three personal credit cards offered by Southwest: Southwest Rapid Rewards® Plus Credit Card ($69 annual fee)
To earn the standard 125,000 points you'd normally need for the Companion Pass®, you'd have to pay for up to $125,000 in purchases with your Southwest card. (We estimated broadly, since cardholders earn varying points per purchase — 2x points on Southwest purchases and 1x points on all other purchases).
60,000 Southwest points are worth around $798 when redeemed for airfare. While Southwest Airlines Rapid Rewards points are most valuable when redeemed for Travel, they're also redeemable for gift cards, hotel stays, merchandise, and more.
We sampled flight awards available with U.S. carriers and found that consumers need between about 8,000 and 57,000 miles to get a free one-way coach flight. Free flights in business or first class start at around 25,000 miles and climb to well over 150,000 miles one-way.
55,000 Southwest points are worth around $731.5 when redeemed for airfare. While Southwest Airlines Rapid Rewards points are most valuable when redeemed for Travel, they're also redeemable for gift cards, hotel stays, merchandise, and more.
Southwest points are worth roughly 1.3 cents each towards the cost of a Southwest flight. So the 75,000-point bonus that each of the cards below offers is worth roughly $975 towards airfare on Southwest. The welcome bonus along can get you a hefty amount of “free” travel on Southwest.
The Bottom LineA 50% discount is equivalent to more than a 50% bonus, so the current promotion is about the highest it's ever been. As I always say, if you don't have an urgent need for Southwest points, I would recommend waiting for the next promotion with higher bonus.
Watch for sales (They happen frequently)Southwest has an unofficial but predictable fare sale calendar that drops the prices on some routes nearly every Tuesday. While it's not a published policy, these generally run from Tuesday through Thursday and offer one-way prices on select routes as low as $39.
Southwest isn't a major international carrier. To go to Europe, Asia, South America, Africa or Oceania, you'll need to fly another airline: » Learn more: Which Southwest Airlines credit card should I get?