Overview
- Chase, which announced the promotion Friday, is offering a 30% bonus on Ultimate Rewards point transfers to Southwest Rapid Rewards through June 5, 2026, with terms listing an 11:59 pm ET cutoff on June 6.
- Key rules include a 1,000‑point minimum transfer, bonus points that post within seven days, no credit from the bonus toward Companion Pass or elite status, and no ability to move points back to Chase once sent.
- Analysts say typical Southwest redemptions value points around 1.3 cents each, and the 30% bonus can lift a transferred Chase point to roughly 1.7 cents, though actual value varies by route and date.
- Writers caution against moving points without a firm plan because Southwest uses dynamic pricing and many travelers can get better returns with other Chase partners or through different redemption strategies.
- A 30% Southwest transfer bonus is uncommon versus past 20–25% offers, yet years of Rapid Rewards devaluations and fully dynamic award pricing limit the chance of outsized wins.