Third, if you're struggling to meet a credit card sign-up bonus spending requirement, buying points can be a quick way to spend now for travel later. The second is when buying the points necessary to book a flight you want is actually cheaper than paying the straight cash rate. Buying points can make a lot of sense in this scenario since it's one of the fastest (and easiest) ways to top off your account balance. The first is when you only need a few more points to complete a redemption you're planning. However, there are always a few exceptions to the general rule. Most loyalty programs sell points at a price point that makes it difficult to receive outsized value, so you're typically better off holding onto your cash. So, does it ever make sense to buy them for 1.5¢ apiece? Let's dig in.Īt AwardWallet, we don't generally recommend buying points and miles speculatively. Now, Southwest points generally have a fixed value of between 1.3-1.5¢ each. That's because Southwest has devalued its Rapid Rewards points. While this seems like a good deal at first glance, it may be worth thinking twice before pulling out your wallet. This Southwest buy points discount drops the price of Rapid Rewards points to just 1.5¢ each. Rapid Rewards members targeted for the maximum 50% discount will see this kick in at 7,000 points. If you want to take advantage of this promotion, you have until 11:59:59 p.m. Southwest recently launched its latest buy points promotion, offering up to a 50% discount on points purchased. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Terms Apply to the offers listed on this page. AwardWallet receives compensation from advertising partners for links on the blog.
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