Purchase Southwest Fast Rewards Factors For 50% Off

Southwest Airways Fast Rewards is providing a promotion on bought factors, which is the most effective promotion I ever recall seeing from this system.

Whereas there has lengthy been worth in strategically shopping for factors, the idea of a income primarily based frequent flyer program promoting factors has all the time been unusual to me, particularly for an airline like Southwest. So let’s check out the small print, however I’ll say upfront that that is an give you most likely shouldn’t reap the benefits of (regardless that it’s pretty much as good because it will get from Southwest).

Southwest Fast Rewards promoting factors with a reduction

By way of Tuesday, October 25, 2022, Southwest is providing a low cost of as much as 50% whenever you buy Fast Rewards factors. With this give you get a 50% low cost so long as you buy not less than 3,000 factors in a single transaction.

Southwest permits you to purchase at most 60,000 Fast Rewards factors per day, although there’s no annual restrict on what number of factors you should buy. Southwest ordinarily expenses 2.75 cents per bought Fast Rewards level.

In case you have been to purchase 60,000 factors with a 50% low cost, you’d be paying $900 for 60,000 factors, which is a price of 1.5 cents per Fast Rewards level.

Beforehand the most effective provide we noticed from Southwest was for a forty five% low cost, so a 50% low cost is the most effective promotion we’ve seen from Fast Rewards for purchasing factors.

How a lot are Southwest factors value?

Southwest Fast Rewards is a income primarily based frequent flyer program, and the variety of factors required for a flight is straight correlated to the income value of a flight. Again in April 2021, Southwest devalued Fast Rewards factors, and now it’s essential to redeem roughly 83 Fast Rewards factors for every greenback of airfare on Southwest.

In different phrases, every Fast Rewards level is value someplace round 1.2 cents towards the price of a ticket on Southwest Airways.

Is shopping for Southwest Airways factors value it?

Let me reduce to the chase — there are few conditions the place it is smart to buy Fast Rewards factors. Even on the discounted value, there’s not often worth in shopping for factors for ~1.5 cents every when you possibly can solely redeem them for ~1.2 cents every.

There are three potential eventualities I’d like to deal with, together with the primary state of affairs the place I feel it may make sense (however probably not), which is to construct up a steadiness of Southwest factors, given the flexibleness this supplies.

Shopping for factors to prime off for an award

Some may purchase Fast Rewards factors with a purpose to prime off their account so that they have sufficient factors for a Fast Rewards award ticket. I suppose this is likely to be value it to some should you want a small variety of factors, although personally I’d simply hold amassing factors after which redeem together with your subsequent ticket.

Shopping for factors with Southwest Companion Cross

The Southwest Airways Companion Cross is without doubt one of the finest values in home journey. It ordinarily requires incomes 125,000 qualifying factors in a calendar yr, and should you get this, you possibly can all the time have a companion journey with you for simply the usual taxes, no matter whether or not you’re reserving a money ticket or redeeming factors.

For these with a Companion Cross, shopping for Southwest factors may get you outsized worth:

• You possibly can purchase factors for 1.5 cents every
• You possibly can then redeem them for 1.2 cents every towards journey and have a companion fly with you, that means you’d get 2.4 cents of worth

Nonetheless, there’s nonetheless completely zero motive to do this. You’d be higher off simply reserving a paid ticket after which having a companion fly with you.

For what it’s value, shopping for Southwest Fast Rewards factors doesn’t depend towards Companion Cross qualification.

There may be worth in having a stash of Southwest factors

There may be one main profit generally to paying for a ticket with Southwest Fast Rewards factors somewhat than money. Whereas Southwest Airways has no change charges on each income and award tickets:

• In case you cancel a income ticket then you definately’ll be issued a journey credit score that must be used for a future flight (although not less than these days journey credit don’t have any expiration), whereas Fast Rewards factors will be redeposited in your account and used for anybody; some Southwest fares do assist you to switch your ticket to another person
• In case you cancel an award ticket then the Fast Rewards factors return into your account and can be utilized for anybody at any future cut-off date

I do assume there’s massive worth in having a stash of Fast Rewards factors. I exploit this once I speculatively wish to e-book journey (together with for family and friends), since there’s no draw back.

Which bank card do you have to purchase Southwest factors with?

In case you’d like to purchase Southwest Airways factors, notice that purchases are processed by factors.com, that means they don’t depend as an airfare buy for the needs of bank card spending.

Subsequently I’d advocate utilizing a card on which you’re making an attempt to achieve a minimal spending requirement, or in any other case, a bank card that maximizes your return on on a regular basis spending, just like the Chase Freedom Limitless® (evaluation), Citi® Double Money Card (evaluation), or Capital One Enterprise Rewards Credit score Card (evaluation).