Ends Today! Save 20% Off Southwest Award Tickets, Reprice Your Previous Tickets!

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Update: This offer ends today! If you have previously booked tickets, be sure to check of the price has dropped!

Originally posted on 9/15:

Save 20% Off Southwest Award Tickets

Use promo code: SAVE20NOW

• Book by 9/17
• Travel by 10/31

You can save 20% off the points rate for Southwest awards. The points rate wiull vary based on the paid cost of a flight. You can search for flights on sale here.

Note that Southwest points are actually less valuable in 2020. Southwest points are normally worth between 1.5-1.9 cents each as award tickets aren’t subject to the 7.5% excise tax normally levied on airfare, which increases the value of their points. However that tax is suspended through 12/31/20 as part of the CARES act. That means that points are worth 1.3-1.5 cents each in 2020.

However with this code, points will be worth more than they were previously! Plus you can cancel Southwest awards and get your points back for free.

You can transfer points from Chase cards like Chase Chase Sapphire Preferred® Card® Card or Chase Sapphire Reserve® to Southwest at a 1:1 ratio.

If you previously purchased Southwest travel, you will want to reprice it now to check if you should rebook it!

For example:

• A one-way LaGuardia-Dallas or Los Angeles-Las Vegas nonstop flight on 9/28 is $44.98 with tax. It can also be bought for2,652 points plus $5.60 tax without the code or 2,122 points with the code. 2,652 points gets you a value of $39.38 ($44.98 airfare less the $5.60 tax on the points ticket), imputing a value of 1.49 cents (44.98/2,652) per point without the code. 2,122 points gets you a value of $39.38 ($44.98 airfare less the $5.60 tax on the points ticket), imputing a value of 2.12 cents (44.98/2,122) per point with the code.
  • Earlier this year a $38.99 ticket cost 1,784 points, a value of 1.87 cents per point.
• A one-way Cleveland-Chicago nonstop flight on 10/20 is $58.98 with tax. It can also be bought for 3,744 points plus $5.60 tax without the code or 2,996 points with the code. 3,744 points gets you a value of $53.38 ($58.98 airfare less the $5.60 tax on the points ticket), imputing a value of 1.43 cents (53.38/3,744) per point without the code. 2,996 points gets you a value of $39.38 ($44.98 airfare less the $5.60 tax on the points ticket), imputing a value of 1.78 cents (53.38/2,996) per point with the code.
  • Earlier this year a $58.98 ticket cost 3,235 points, a value of 1.65 cents per point.

Will you book (or rebook) travel with this promo?

HT: rapsjr, via DDF