Chase Ultimate Rewards Transfer Bonus, Get 20% More Southwest Rapid Rewards

Chase has a rare transfer bonus for its credit card rewards customers. You can get a 20% bonus when you transfer Chase Ultimate Rewards points to the Southwest Rapid Rewards frequent flyer program. Chase has one of the most useful rewards programs out there, will many travel partners. But, it very rarely offers these bonuses.

Normally, Chase Ultimate Rewards points transfer to each of its nine airline partners at a 1:1 ratio. For example, 1,000 Ultimate Rewards points equal 1,000 Southwest Rapid Rewards. Now, through October 31,2020, you’ll get a 20% bonus on transfers to British Airways. Every 1,000 Chase Ultimate Rewards points transferred will get you 1,200 Southwest Rapid Rewards. While the regular points will transfer right away, it might be a short delay on the bonus points.

Guru’s Wrap-up

This is a rare bonus from the Chase Ultimate Rewards program. If you normally use your Chase points for Southwest flights, then this is a big boost and an exciting offer. For others, it’s probably not worth it, unless you have a redemption in mind. Southwest points re normally valued around 1.5¢ and with this 20% bonus you can get a value of around 1.8¢. That’s a good value, but you can always do better.

HT: OMaaT