By Austin Christensen · Last updated: November 9, 2026
Southwest Points to Dollars
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What are Southwest points worth?
We use 1.25 cents per point as our working value. That's The Points Guy's November 2026 figure, and it's what our points valuation tool uses by default.
The booking steps are in How to book Southwest with points. Southwest points are unusually predictable. Award prices follow the cash fare, so the value per point stays in a narrow band. NerdWallet puts the swing from one award to the next at about 1.1¢ to 1.5¢ per point, and its median barely moved across the booking windows it tested.
Calculator
Run your own balance through the points value calculator.
Southwest points value by redemption type
| How you redeem | Value per point | 30,000 points |
|---|---|---|
| Southwest flights, our value | 1.25¢ | $375 |
| Southwest flights, NerdWallet median | 1.4¢ | $420 |
Rates from NerdWallet (updated Oct 27, 2026), checked October 29, 2026.
What 10K to 100K Southwest points are worth
| Points | Our value | NerdWallet median |
|---|---|---|
| 10,000 | $125 | $140 |
| 20,000 | $250 | $280 |
| 30,000 | $375 | $420 |
| 50,000 | $625 | $700 |
| 75,000 | $938 | $1,050 |
| 100,000 | $1,250 | $1,400 |
How to get more from Southwest points
Fly with a Companion Pass. From January 1, 2027, how many trips that covers depends on which pass you earn. The rules for what counts are in the next section.
How points count toward the Companion Pass
The Companion Pass rules change on January 1, 2027. For 2027, it takes 95,000 tier qualifying points or 75 qualifying one-way flights to earn the three-trip pass, and 140,000 points or 100 flights to earn the unlimited pass. Card spending counts toward the total, but most welcome bonuses no longer do, per Southwest. Cardmembers approved on or before December 2, 2026 can still count their welcome bonus toward 2026 qualification.
The full rules, deadlines and the boost are on our Southwest Companion Pass 2027 page. Lesson 10: Southwest Companion Pass & Two-Player Strategies shows how couples use it.
Moving points into Southwest
Chase Ultimate Rewards and Bilt Rewards transfer to Southwest, at 1:1 (Chase). Southwest points are worth about 1.25¢ and Chase points about 2.05¢, so a Chase transfer to Southwest usually only makes sense to top off a booking or reach a Companion Pass trip. Compare first on Chase points to dollars, and see every bank's ratios on our transfer partners page.
Learn this properly
Lesson 12: What Are Your Points Worth? shows how to check the value of any Southwest award against its cash fare. See all Southwest cards if you're starting to collect points, and the glossary for terms like Companion Pass and cents per point.
Frequently asked questions
How much is 1 Southwest point worth?
About 1.25¢ by our value, and 1.4¢ at the median NerdWallet found across 80 round trips.
How much are 30,000 Southwest points worth?
About $375 to $420 in Southwest flights.
Can I cash out Southwest points?
Southwest points are mainly for Southwest flights, which is where they hold their value.
Do Southwest points count toward the Companion Pass?
Points from flights and card spending count. Most welcome bonuses don't count from January 1, 2027, per Southwest. Cardmembers approved on or before December 2, 2026 can still count their welcome bonus toward 2026 qualification.
Which credit card points transfer to Southwest?
Chase Ultimate Rewards and Bilt Rewards, at 1:1.
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