The value of 15,000 Southwest points can vary depending on how you redeem them. Southwest operates on a revenue-based system, which means the number of points required for a flight is directly tied to the cost of the fare.
Generally, Southwest points are worth around 1.28 cents per point when redeemed for Business Select and Anytime fares. This means that if you were to redeem 15,000 points for one of these fare types, it would be equivalent to approximately $192.
However, it’s worth noting that Southwest frequently offers promotions where you can purchase points at a discount or with a bonus. For example, during these promotions, you might be able to buy 15,000-60,000 points with a 70% bonus. In this case, the price per point would be around 1.62 cents.
To put this into perspective, let’s say you purchased 15,000 points during a promotion with a 70% bonus. You would receive a total of 25,500 points. At a price per point of 1.62 cents, the total cost would be around $413.70.
It’s important to consider your own travel plans and preferences when determining the value of Southwest points. If you frequently fly with Southwest and can find good redemption options, the points may be worth more to you. On the other hand, if you rarely fly with Southwest or struggle to find value in their redemption options, the points may be worth less.
In my personal experience, I have found Southwest points to be quite valuable. I have been able to redeem them for flights with good value, especially when taking advantage of promotions or booking in advance. However, it ultimately depends on your individual circumstances and travel preferences.