Southwest Airlines is rolling out a brand new choice for redeeming your Southwest Rapid Rewards factors.
As of Monday, the Dallas-based provider now gives Cash + Points redemptions — the choice to redeem a mixture of money and Speedy Rewards factors towards your Southwest flight.
Southwest noted in the FAQ section for the characteristic that not all Speedy Rewards members could have the choice accessible to them throughout this preliminary rollout. So you’ll want to check your Rapid Rewards account to see in case you’ve been given early entry to this characteristic.
Here is what to find out about Speedy Rewards Money + Factors:
What’s Southwest Speedy Rewards Money + Factors?
Money + Factors is a brand new redemption choice for Speedy Rewards members. Primarily, it is a cost choice to make use of a piece of factors towards a portion of a flight and end overlaying the remainder of the price of the aircraft ticket with money.
Speedy Rewards members will now see as much as 5 Money + Factors choices when reserving a flight. These redemptions will begin for as few as 1,000 factors.
It is necessary to notice that you just will not earn Speedy Rewards factors, tier qualifying factors for A-List or A-List Preferred status, or Companion Pass qualifying factors on Money + Factors bookings, so preserve that in thoughts in case you’re contemplating this redemption.
Methods to guide Southwest flights with Money + Factors
To guide a flight, first log in to your Speedy Rewards account and seek for an itinerary by Southwest’s website or app. After you choose your flight, select “Money + Factors” as your cost choice.
You will notice as much as 5 choices to pay with a mixture of Speedy Rewards factors and money, totaling out to the worth of your ticket. Notice that you will want not less than 1,000 Speedy Rewards factors to guide with Money + Factors.
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In case you’re extra of a visible learner, Southwest launched a video demonstrating how to book with Money + Factors.
Is utilizing Southwest’s Money + Factors deal?
TPG values Southwest factors at 1.37 cents every; subsequently, redeeming your Southwest factors to pay for a fraction of your journey is just not the perfect redemption choice. For instance, in case you redeem 3,320 factors, you will solely obtain $20 off your aircraft ticket when utilizing Money + Factors as your redemption choice. Nevertheless, TPG values 3,320 factors at about $45, which suggests you will be getting far much less worth for these factors.
Total, we expect it is best to avoid wasting your factors for one massive redemption as an alternative of utilizing the Money + Factors choice.
Backside line
Southwest is introducing one other approach for Speedy Rewards members to avoid wasting on the money worth of a ticket. It can permit members with a decrease variety of Speedy Rewards factors or those that try to not use them multi functional place to redeem a portion of their factors for a flight and end paying with money.
Nevertheless, the lack to earn extra Speedy Rewards factors on Money + Factors redemptions, in addition to the shortage of tier qualifying factors and Companion Go qualifying factors, might make this a much less advantageous choice for these making an attempt to stack up Speedy Rewards factors — particularly since they’re among the many airline currencies that don’t expire.
Additionally, entry to the Money + Factors characteristic is at present restricted whereas Southwest is rolling it out, so you might not have the choice but. Be sure you log in to your Rapid Rewards account within the coming days to see if you’re capable of guide with Money + Factors.
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