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There’s Only One Reason to Buy Southwest Rapid Rewards…Even with a 40% Bonus.

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Right now, through March 7th, you can buy Southwest Rapid Rewards with a 40% bonus.  To buy?  Or not to buy?

Usually, I don’t recommend buying points, unless you’ve got a very clear case for buying them.  When currencies are tied to the cash value of the flights, the case for purchasing points is even tougher to make.  Southwest Rapid Rewards are conventionally worth around 1.5 to 1.7 cents per point, depending on whom you ask.  In three years of redeeming Rapid Rewards, I’ve gotten anywhere from 1.27 to 1.97 cents per Rapid Rewards point.

In order to trigger the 40% bonus, you’ll need to buy at least 10,000 Rapid Rewards, and you’ll ring up a bill of $275.00.  With $275 for 14,000 points you’re…

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