[Expired] Chase Ultimate Rewards: 20% Transfer Bonus To Southwest Rapid Rewards (1:1.2)

The Offer

Direct link to offer

  • Chase is offering a 20% transfer bonus when you transfer Chase UR points to Southwest Rapid Rewards points. The normal transfer rate is 1:1, this make it’s 1:1.2.

The Fine Print

  • Valid until 10/31/20

Our Verdict

Traditionally Chase hasn’t offered any transfer bonuses, but recently we’ve seen some from IHG & British Airways (Chase also has co-branded cards with these partners). At the moment it’s possible to cash out Chase UR points for 1.25-1.5¢ per point via the Pay Yourself Back feature. Southwest points are worth a base of 1.28¢ per point, but that doesn’t include the fees & taxes you don’t pay making them more valuable then this. Even at the base rate with this 20% bonus you’re getting 1.54¢ per point for a single Chase UR towards Southwest flights.

This could make transferring useful, personally think cashing out for 1.5¢ is still the better option. You can find a full list of previous and current Chase transfer bonuses by clicking here.

Hat tip to Frequent Miler

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10 Comments
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Josh
Josh (@guest_1079958)
October 27, 2020 11:54

I enjoy booking with points > cash as it’s slightly more flexible (without having to worry about travel funds expiring on you!). When you cancel a flight with points, you can always get the taxes refunded to credit card. I often will book speculatively, which makes this useful. Also, when there’s a fare sale I will often rebook, and if you paid with cash you might get stuck with like a $20 travel voucher that you may or may not use.

Lee
Lee (@guest_1065767)
October 1, 2020 11:44

Has anyone ever had success getting them to match a prior points transfer? I just moved a bunch of point over a week ago…

Ryan
Ryan (@guest_1065589)
October 1, 2020 08:13

Huge value if you have a companion pass…

Jason
Jason (@guest_1065536)
October 1, 2020 02:04

Likely a copy paste from a BA post, but just logged into my account and can confirm this is for SOUTHWEST not BA.

J
J (@guest_1065533)
October 1, 2020 01:55

Wake up, need to fix the title!

John Rawls
John Rawls (@guest_1065532)
October 1, 2020 01:53

I’m confused, is the bonus for Southwest or British Airways? The title doesn’t match the content.

veeRob
veeRob (@guest_1065541)
October 1, 2020 02:21

Per the comments, Southwest.