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Southwest Rapid Rewards Plus Review

 

Southwest Rapid Rewards Plus Review



Southwest Rapid Rewards Plus Review


Southwest Rapid Rewards Plus, when you use it to book flights but it also gets you three-fifths of the way to getting the southwest airlines companion pass where one person can fly with you for free so we are going to cover all of that in this video but first of all 

If you like money and you probably do since you're watching this channel you're probably into investing and it is a great time to invest 

Right now with the market being low could go a bit lower but in the future, we are definitely going up from here 

So a lot of people are getting into stocks getting into investing and right now if you open a new brokerage account with the very popular brokerage app Weebly 

You can get six free stocks worth up to twelve thousand six hundred dollars together luck of the draw what you get and that is for depositing any amount of money 

Now we'll mainly just look at the personal cards in this video since that's what most people will be applying for but just to let you know 

If you are interested in the business card that the bonus is that little bit higher now southwest points are worth an average of 1.5 cents per point according to the points guy let's actually test that out 

So here's a round-trip flight from new york LaGuardia to lax the cash price is 738.46 and if I use southwest points it would cost me 53 026 points plus 11.20 in taxes and fees 

So if we minus the 11.20 from the cash price and then divide that by the number of points 53 026 we actually get a value of 1.37 cents per point for that trip 

So not quite the value of the points guy estimates but very close okay 1.37 cents it's almost 1.4 cents so only 0.1 of a cent under what the points guy estimates and remember the value of the points will vary for different types of flights 

levels of the ticket and all that kind of stuff so chances are there are some that you may even get 1.6 cents per point 

So that all gives you over one thousand dollars in value for the bonus but then there is one more thing and that is that this bonus can help you get the southwest airlines companion pass 

Now you have to accumulate 125 000 points to be awarded the companion pass and this bonus actually gets you three-fifths of the way there okay 75 000 out of 125 000. 

Now you aren't exchanging your points for the companion pass you just accumulate points and once you hit that 125 000 point level you just get given the companion pass you still have the points in your account that you can use to spend on flights and in case 

You're wondering yes we have checked that the points on the southwest credit card and the welcome bonus uh they do count okay they do count towards the companion pass now the companion pass is valid for the rest of the year that you earn it in and the whole of the following year 

So if you were to get this card now and you do a bit of spending say you get the bonus you do a bit more spending to get the 125 000 points you would get the companion pass for the rest of 2022 

The whole of 2023 and it enables you to designate one person yes it has to be the same person to fly with you for free on both paid tickets and also reward flights you just have to pay the taxes and fees for that person which on a round-trip work out at 11.20 on u.s domestic 

So if you held on to the points from the bonus and you'd earn more to make it to 125 000 so you get the companion pass and then you booked that itinerary from new york to la that 

We talked about you'd actually be getting double the value out of the points you'd end up getting 1 476 dollars in value out of 53 000 points and 22.40 in taxes and fees that's 2.74 cents in value per point 

A total of 2055 dollars in value for the whole welcome bonus if we are using my original 1.37 cents in value for my new york to la flight this bonus 

This 75 000 point bonus on the personal cards will be ending on july 11th so if you want it you got just two days to get it so you better hurry up 

Now the three personal cards all have different annual fees the lowest one is very low and it goes up to sort of a mid-tier card in the middle and they obviously all have different benefits point earnings structures etc.


Also read: Au Small Finance Bank Lit Credit Card

Also read: Bilt Rewards Credit Card

Also read: Citi Premiermiles Credit Card

Also read: Is the Chase Sapphire Reserve Still Worth It 



 THANK YOU SO MUCH 

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