1. Southwest Summer Schedule. Southwest extended their schedule and you can book flights up to next summer or August 9, 2013.
There is no penalty for cancelling a Southwest flight made with points (the points go back to your account when you cancel), so it doesn’t hurt to book your summer or other holiday trips before you firm up your plans. You can always cancel and rebook your ticket for no fee if the number of points required for the award drops since you booked the ticket or if your plans change.
If you cancel a paid flight on Southwest, the ticketed passenger gets a credit for the entire ticket amount (no change fees on Southwest!) which can be used for up to 1 year after the booking was made.
If you’ve got a Southwest Companion Pass, your companion will fly free with you, on BOTH paid flights or flights booked with points. You can always book a seat for yourself, and then add your companion if you don’t currently have a Companion Pass, but plan on getting one later on. As I wrote earlier, you may be able to get a Southwest Companion Pass for up to 2 years if you time it right!
2. 50% Bonus on Priority Club Points. Via Loyalty Traveler, Priority Club is selling points with a 50% bonus. This means that you can buy 1 Priority Club point for 0.77 cents per point directly from Priority Club when you buy between 26,000 to 50,000 points.
Priority Club is the loyalty program for hotels which includes Candlewood Suites, Crowne Plaza, Holiday Inn, Holiday Inn Express, Hotel Indigo, Intercontinental Hotels & Resorts, and Staybridge Suites brand hotels.
You can also use the “Cash & Points” trick any time of the year to buy points for 0.7 cents per point. However, some folks aren’t comfortable using the “Cash & Points” trick, so this could be a better option.
Another benefit of buying points directly from Priority Club is that the points will count towards Priority Club status, so you could buy top-tier Platinum status for 60,000 points for $462. However, you can also get top-tier Priority Club status (and an annual free night) just by having the Chase Priority Club card.
Priority Club also has PointsBreak hotels. Hotels on the PointsBreak list usually cost only 5,000 points for a night (the regular rate is 10,000 to 50,000 points)!
You have to purchase at least 20,000 miles and the least amount of miles in each tier to get the miles for 2 cents per point. I don’t need any more American Airlines miles, but at 2 cents per mile, it could be worth it to top up your account.