Southwest has devalued redeeming points for gift cards, previously you’d get 1¢ per point but now a $100 gift card will cost you 15,000 points. Earlier this year Southwest removed the gift card option due to COVID-19. Southwest points are more valuable when redeeming for travel on Southwest, but it’s always nice to have this ‘cashout (giftcard out)’ floor of 1¢ per point.
Hat tip to reader JMM
