Making the Most of the Chase Ink 70,000 Point Bonus: Transfer to Southwest

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Update:   The Chase Ink Plus 70,000 point offer is no longer available, but check Hot Deals for the latest offers!

You could get a lot of Big Travel with Small Money by transferring your Chase Ink 70,000 point sign-up bonus to Southwest, especially if you have the Companion Pass.

Note: The Chase Ink Plus 70,000 point bonus offer ends on October 19, 2014.

You could get at least $1,000 (or more) in Southwest tickets with 70,000 points.  But with the Companion Pass, you’ll get almost double!

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

Southwest’s Newly Painted Planes Can Take You to Florida, Mexico, Denver, & More, This Winter When You Transfer Points From Chase Ink Plus

Let’s see how much travel you can get on Southwest with 70,000 points!

What Are Southwest Points Worth?

Link:   Chase Ink Plus

Link:   Southwest Rapid Rewards

Link:   What Are Southwest Points Worth Now?

Southwest’s frequent flyer program is revenue-based, which means the number of points needed for an award ticket depends on the cash price of the ticket.

For the cheapest “Wanna Get Away” fares, Southwest usually charges 70 points per $1 of base fare (taxes and fees aren’t included).  So a Southwest point is worth ~1.43 cents ($1 / 70 points).  If there’s a seat for sale, you can book it with points!

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

If There Are Seats for Sale, You Can Book Them With Points on Southwest – but the Number of Points Depends on the Fare!

If you transferred 70,000 Chase Ultimate Rewards points to Southwest, you’d get ~$1,000 worth of Wanna Get Away tickets (70,000 points x ~1.43 cents).

And if there’s a seat sale, you’ll be able to stretch your points further.  Because if a fare drops, the number of points for an award ticket also drops.

Note:   Chase Ultimate Rewards points transferred to Southwest do NOT count towards the Companion Pass.

Where Could You Go?

1.   Example:  A Family of 4 From Chicago to Orlando

Southwest’s cheapest fare from Chicago to Orlando in November is ~$220 (base fare, not including taxes and fees).  With taxes and fees, tickets for a family of 4 would cost ~$1,057 round-trip.

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

It Would Cost ~$1,057 to Fly a Family of 4 From Chicago to Orlando Round-Trip

If you booked the same itinerary using points, it would cost 61,472 points plus ~$45 in fees (~$220 base fare x 70 points per $1 x 4 passengers).  So you’d have points left over from the Chase Ink Plus sign-up bonus!

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

The Same Itinerary Costs 61,472 Points

So you’re definitely getting more than $1,000 worth of flights from the 70,000 point Chase Ink Plus sign-up bonus!

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

Southwest Tickets to Disney for the Whole Family From 1 Credit Card Sign-Up Bonus!

And if both parents have the Companion Pass, this family could do this trip twice!  That’s because with the Companion Pass, you can bring a companion along for almost free.  That’s over $2,000 in travel.

2.   Example:   Short-Haul Business Travel From Baltimore to Pittsburgh

You could get a lot of cheap, short-haul tickets on Southwest with 70,000 points transferred from the Chase Ink Plus card.  For example, a round-trip coach ticket from Baltimore to Pittsburgh costs ~$136 (base fare), or ~$174 including taxes and fees.

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

You’ll Pay ~$174 Including Taxes and Fees for a Round-Trip Ticket Between Baltimore and Pittsburgh

The same itinerary booked as an award ticket costs 9,508 points plus ~$11 in taxes and fees (~$136 base fare x 70 points per $1).

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

This Itinerary Costs 9,508 Points Plus $11 in Taxes and Fees

You could get 7 round-trip tickets with the sign-up bonus from the Chase Ink Plus card (7 tickets x 9,508 points per ticket = 66,556 points).

If you paid cash, you’d spend $1,218 for the same 7 tickets (7 tickets x ~$174 per ticket).  And you’d have points left over!

3.   Example:   3 Friends From Seattle to Cancun

Southwest has begun flying to destinations in Mexico and the Caribbean.  A group of 3 could travel from Seattle to Cancun, Mexico, using the Chase Ink Plus sign-up bonus (and a few extra points from minimum spending).

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

You and 2 Friends Could Beat the Winter Blahs With a Trip to Cancun on Southwest

A paid ticket from Seattle to Cancun in January costs $336 (base fare), or ~$456 including taxes and fees.  So the total for 3 people is ~$1,369 (3 tickets x ~$456).

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

You’ll Pay Almost $1,400 to Fly 3 Friends From Seattle to Cancun

Booked as award tickets, this itinerary costs 23,520 points per person or 70,560 points total.  Note that the taxes and fees are higher because Mexico charges departure and tourism taxes on both paid and award tickets.

Making The Most Of The Chase Ink 70,000 Point Bonus Transfer To Southwest

The Chase Ink Plus Sign-Up Bonus Will Get 3 Friends to Cancun a Lot More Cheaply!

So again, you’ll get over $1,000 worth of travel from the Chase Ink Plus sign-up bonus.  And even more if 1 of the passengers has a Companion Pass!

Bottom Line

The 70,000 point Chase Ink Plus sign-up bonus is worth over $1,000 in travel when transferred to Southwest.  The number of points you need for an award ticket depends on the fare, so the cheaper the fare, the more award tickets you’ll get!

And if you have the Southwest Companion Pass, you’ll get over $2,000 in travel, because your companion travels with you for almost free.

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12 responses to “Making the Most of the Chase Ink 70,000 Point Bonus: Transfer to Southwest

  1. Hi Daraius,
    Quick question. Is it possible to get these bonus points on a new Chase Ink Plus Business card for a new business if I already have a Chase Ink Plus card for another business? I know I’ve read something that this might be possible, but can’t find it and Chase can’t give me a straight answer. Thanks!

  2. @Brandon, I have two ink plus cards, for two different businesses, and received the bonus points for each. I plan to apply for my third here shortly.

  3. Any quick ways to earn 5000 more SW points needed to get companion pass? I had been counting on a transfer from Chase Ultimate points, but now understand that won’t work.

  4. Hi Darius

    Thank you for the information. I had a quick question. My wife has 50000 rapid reward points which she got after getting the southwest premier card in July. She is interested in getting a companion pass, and we were waiting for another southwest 50000 point offer for the plus card, which hasnt come lately. Can she get the Chase Ink card and transfer the 70000 points to Southwest to get the companion pass? Thanks

  5. The 100,000 points needed for the CP need to be earned in the same year. In order for your wife’s points to count toward the CP you would have had to get another card offering 50,000 LAST YEAR…

  6. Thanks Linda. She got the 50000 southwest points this July so it is still within 1 calendar year. Thats why wondering if chase ink points can be transferred to southwest and if they will count towards CP.

  7. pk, transferring directly from ultimate rewards to sw will NOT count for the companion pass. You can transfer them to Hyatt then to sw and they will count. you will loose some of the value of your ultimate rewards but it’s worth it If you and your wife are going to fly a lot this coming year. You can read more about it here. http://millionmilesecrets.com/2014/02/20/a-step-by-step-guide-to-the-southwest-companion-pass/

  8. pk… points go from Jan 1st to Dec 31st

  9. My husband already has this card for our business. Can I sign up for one under the same business name and qualify for bonus?

  10. Hi Darius,

    will this work?

    1. If my wife & I both get the 70k bonus, & I transfer 70k to my Southwest acct….

    2. she tranfers 40k ultimate rewards to me (spouse transfers are still ok?)

    3. I transfer that 40k UR pts to my Southwest acct?

    Thanks!

  11. “pk, transferring directly from ultimate rewards to sw will NOT count for the companion pass. You can transfer them to Hyatt then to sw and they will count. you will loose some of the value of your ultimate rewards ”

    So what is the conversion factor and how much will she loose? how many SW points will she get from 70000 chase points going via Hyatt? Thanks

  12. Benjamin Lonske

    Hi Darius – If my wife only earns $5000/year on her sole-proprietor business but our combined income is a lot higher, do you think she could get approved? The application asks for both annual business income and gross annual income.