Southwest 30% Transfer Bonus
Chase just announced a 30% transfer bonus to Southwest Airlines through June 6.
A transfer bonus like this is pretty rare and has only occurred 3 times since 2020.
Southwest operates on a variable pricing chart, meaning the point prices fluctuate with the cash price.
People redeeming points won’t find many flights over 2 CPP (usually around 1.3 CPP), but nearly every flight is bookable with points.
Say you wanted to book this flight from Baltimore to Denver:
Cash prices for a basic economy seat will run about $234.
The same seat is available for 18,000 points:
Only 14,000 points are required with a 30% transfer bonus!
So that means that without a transfer bonus:
($234 - $5.60) / 18,000 points = 1.27 CPP
With a 30% transfer bonus:
($234 - $5.60) / 14,000 points = 1.63 CPP
We've played around with some other sample searches, and sometimes you can book flights as low as 1.1 CPP - while other times you may find flights for up to 1.9 CPP.
Booking flights with Southwest is not a flashy redemption, but it can give you better value than booking through a travel portal or through another airline.
So this is definitely a transfer bonus that's worth checking out!