What are Southwest Rapid Rewards points worth?

About 1.52 cents each — $15 per thousand points.

That is our published figure, our own, as of 2026-09. How we arrive at it — and why a chart rate is a best case rather than a price you are certain to get.

Cards that earn them

Southwest Rapid Rewards Plus — 2× on flights · Chase · $99 annual fee
Southwest Rapid Rewards Plus — 2× on grocery · Chase · $99 annual fee
Southwest Rapid Rewards Plus — 1× on other · Chase · $99 annual fee
Southwest Rapid Rewards Premier — 3× on flights · Chase · $149 annual fee
Southwest Rapid Rewards Premier — 2× on dining · Chase · $149 annual fee
Southwest Rapid Rewards Premier — 2× on grocery · Chase · $149 annual fee

We may earn a commission if you apply through us. How we make money.

See what these points buy this week →