How to Get the Most Value for Your Chase Ultimate Rewards Points Booking Southwest Flights
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Million Mile Secrets reader, A.J., commented:
In many cases, I’ve found better value by transferring Chase Ultimate Rewards points to Southwest for award flights, rather than using points from my Chase Sapphire Reserve to book through the Chase travel portal.
Can you explain when it’s a better deal to use Chase Ultimate Rewards points for Southwest flights through the travel portal?
The value of your points for a Southwest award flight varies depending on your travel dates and destination.
It’s possible to sometimes get more value for your points by transferring them directly to Southwest. But some folks prefer to use points from the Chase Sapphire Reserve to book through the Chase travel portal.
I’ll show you how using Chase Ultimate Rewards points for Southwest flights can get you different values depending how you book.
Transfer Chase Points Directly to Southwest or Book Through the Travel Portal?
Southwest award flight costs are based on the cash price of the ticket. Generally, you’ll pay 70 to 80 points per $1 of the base fare.
So a $100 base fare requires between 7,000 and 8,000 Southwest points for an award booking. This means each point is worth between ~1.25 and ~1.43 cents ($100 / 7,000 Southwest points = ~1.43 cents or $100 / 8,000 points = ~1.25 cents).
But when you compare the total cash cost of a flight (including taxes and fees) to an award flight, your points are often worth more than ~1.43 cents each. Because the value can fluctuate quite a bit, depending on the route and dates.
Or you can book a Southwest flight with Chase Ultimate Rewards points through the Chase travel portal where the value of your points is fixed.
The Value of Your Chase Ultimate Rewards Points in the Travel Portal Depends on Which Card You Use!
Folks with the Chase Sapphire Reserve get 1.5 cents per point toward travel. And you’ll get 1.25 cents per point with these cards:
- Chase Sapphire Preferred Card
- Ink Business Preferred Credit Card
- Ink Plus (no longer available to new applicants)
This means you can book a $100 flight for ~6,700 Chase Ultimate Rewards points linked to your Sapphire Reserve ($100 flight / 1.5 cents). But that rate is inclusive of taxes and fees.Note: You’ll have to call Chase at 866-951-6592 to book Southwest flights through the travel portal.
Here are 3 examples of getting different values for your points depending how you book a Southwest flight.
1. Here’s When Transferring to Southwest Is a Better Deal Than the Chase Travel Portal
As reader A.J. suggested, you’ll often get the most value using Chase Ultimate Rewards points toward Southwest flights when you transfer points directly to the airline.
For example, I searched a round-trip flight from Los Angeles to San Francisco, which costs ~$148 if you pay cash.
Or you can pay 8,004 Southwest points and ~$11 in taxes and fees.
The ~$11 in taxes and fees are already included in the cash cost of the flight.
This means you’re using 8,004 Southwest points to cover $137 worth of airfare (~$148 airfare – ~$11 in taxes and fees).
So your points are worth ~1.7 cents each ($137 / 8,004 Southwest points).
This is more value than you would get if you book through the Chase travel portal. Because you’ll only get 1.5 cents per point with the Sapphire Reserve. And 1.25 cents per point with the Chase Sapphire Preferred or Ink Business Preferred.
But remember you will NOT earn Southwest points for the flight or credit toward elite status when you transfer points to the airline and book.
2. Here’s When Transferring to Southwest Is a Worse Deal Than the Chase Travel Portal
Because you’ll pay high taxes and fees on certain international Southwest award flights, you might get more value for your points booking through the Chase travel portal.
For example, I found a round-trip flight from Houston to Cancun for ~$612. Or you can book an award flight using 38,262 Southwest points. But you’ll also have to pay ~$75 in taxes and fees.
This means you’re essentially using 38,262 Southwest points to cover ~$537 in airfare ($612 cash cost of flight – $75 in award flight taxes and fees).
So you’re only getting ~1.4 cents per point ($537 airfare / 38,262 Southwest points).
In this case it makes more sense to book the flight with points linked to your Sapphire Reserve, which are worth 1.5 cents each.
Because you’ll use 40,800 Chase Ultimate Rewards points ($612 / 1.5 cents) to cover the entire cost of airfare. And you won’t pay any taxes and fees out of pocket. Plus, you’ll earn Southwest points for the flight.
Keep this in mind for other Southwest routes, which have high taxes and fees too, including:
- Cabo San Lucas
- Grand Cayman Island
- Liberia, Costa Rica
- Mexico City
- Montego Bay
- Nassau, Bahamas
- Puerto Vallarta
- Punta Cana
- San Jose, Costa Rica
3. And Here’s When Booking Through the Chase Travel Portal Is Better Because of the Points You’ll Earn
Sometimes your points are worth the same whether you book through the Chase travel portal or transfer to Southwest.
For example, I found a round-trip flight for Memorial Day weekend from my home in Austin to Chicago for ~$506.
As an award flight, you’d pay 33,342 Southwest points and ~$11 in taxes and fees.
So you’re using 33,342 Southwest points to get ~$495 worth of airfare (~$506 cash cost of flight – ~$11 in taxes and fees).
So the value of your points is ~1.5 cents each ($495 airfare / 33,342 Southwest points).
When you transfer Chase Ultimate Rewards points to Southwest for an award flight, you’ll often get more than 1.5 cents per point worth of value.
But if you’re traveling last minute, during peak travel times, or internationally, you might get less than 1.5 cents per point. Then, it makes sense to use Chase Ultimate Rewards points linked to your Sapphire Reserve to book Southwest flights through the Chase travel portal.
Some folks prefer using the Chase travel portal for flights because it’s the same as paying cash. This means you earn points for your flight, get credit toward A-List status and the Companion Pass, and don’t have to pay any taxes or fees out of pocket.
How do you use Chase Ultimate Rewards points to book Southwest flights?
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Either $5 or 5% of the amount of each transfer, whichever is greater.
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