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20% Transfer Bonus: Chase Ultimate Rewards to Southwest Rapid Rewards
Through October 31st, you can transfer your Chase Ultimate Rewards to Southwest Rapid Rewards with a 20% bonus.
The points always transfer 1:1, so with this deal, you’ll get 1,200 Southwest Rapid Rewards points for every 1,000 points you transfer from Chase.
Is It Worth Transferring?
I generally find you get about 1.3 – 1.4c per Rapid Rewards points in value, given that they use dynamic award pricing. With this deal, you’ll get about 1.56 – 1.68 cents per UR point in value. Of course, you won’t earn Rapid Rewards point for your flight, so you will want to factor that in against just redeeming in the Chase portal if you have a Chase Sapphire Reserve.
If you only have a Chase Sapphire Preferred or Ink Preferred, though, where you only get 1.25 cents n the portal, this the better deal if you are booking a Rapid Rewards flight now. If you fly SW all the time, you might transfer a few extra for this, though you are definitely limited on the upside once you transfer since you can’t get outsized value from Rapid Rewards redemptions.
HT: Frequent Miler
Questions?
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
