Chase Launches 25% Bonus on Transfers to Southwest Rapid Rewards Through Nov. 6

Overview

• During the Oct. 23–Nov. 6 window, Ultimate Rewards convert to Rapid Rewards at a 1,000:1,250 ratio, with transfers reported as instant and without a cap on total transfers.
• Terms require a minimum 1,000-point transfer and state bonus points may appear in Rapid Rewards accounts within seven days.
• Bonus Rapid Rewards points from this promotion do not count toward Companion Pass or elite status qualification.
• Transfers from Chase to Southwest are irreversible, so travelers are advised to confirm award pricing and availability before moving points.
• Analysts estimate roughly 1.4–1.6 cents of value per Chase point under the bonus, highlight concrete savings on domestic routes, and note this is the first Chase-to-Southwest transfer bonus since 2020.