If you have any Southwest Rapid Rewards points and plan to travel in the coming weeks, this is a great time to redeem them.
Southwest offering 20% off award tickets
Southwest Airlines is offering a 20% discount when you redeem Rapid Rewards points for flights:
- This is valid for bookings made through Thursday, March 16, 2023
- This is valid for travel through Wednesday, May 24, 2023
- Use promotion code SAVE20NOW at the time of booking (it should be pre-populated at this link)
Even if you’re not sure you’ll be able to travel, keep in mind that Southwest has no change or cancelation fees, so you can always book a Rapid Rewards ticket now, and then cancel it later. Similarly, if you’ve already booked any travel, you can see if the price hasn’t changed (or has only gone up a bit), in which case it could make sense to rebook.
This is lucrative for a revenue based program
Southwest Rapid Rewards is a revenue based frequent flyer program. This means that the number of points required for a ticket is based on how much a ticket would cost in cash. Because of that, there’s ordinarily not a way to get outsized value with Rapid Rewards points, since the points cost is correlated to the cash cost of a ticket. To be able to redeem Rapid Rewards points for more value is awesome.
For example, take a $109 Wanna Get Away fare from Tampa to Baltimore.
That usually costs 7,265 Rapid Rewards points plus $5.60 in taxes & fees. That gives you a value of 1.42 cents per point, after subtracting the taxes & fees. Meanwhile during this promotion, the same flight would cost 5,811 Rapid Rewards points plus $5.60. That gives you a value of 1.78 cents per point, after subtracting the taxes & fees.
Suffice it to say that’s a much better value.
If you’re going to be traveling in the coming weeks, then it’s definitely worth considering Southwest’s Rapid Rewards award sale. Usually it’s hard to get outsized value with a revenue based frequent flyer program, so promotions like this can really make a difference.
Will you be taking advantage of this Southwest Rapid Rewards promotion?