Get a 30% transfer bonus when you transfer Chase Ultimate Rewards to Southwest Rapid Rewards.

Get 30% bonus Southwest Rapid Rewards points when you transfer Ultimate Rewards points between 12:00 AM ET on May 15, 2026 and 11:59 PM ET on June 5, 2026.

Since we started tracking transfer bonuses, we’ve only seen two transfer bonuses to Southwest Rapid Rewards. Chase, just this last November at 25%, and Bilt in May 2025 (up to 100%). There was also one from Chase during COVID before this site started tracking.

Does that make this a great deal? Well, no, not really for most; maybe for some… Generally I peg a Rapid Rewards point under the current management as being worth an average of 1.25 cents per point. With this bonus you are looking at a blended average somewhere in the 1.6 cents per point range. That means that in most cases, this will be a better redemption than using the Chase Travel℠ portal, but it won’t be a gangbusters / aspirational redemption by any means.

If you already transfer to higher value partners or are getting 1.75 cents per point regularly in Points Boost, this won’t be as attractive. If you fly Southwest and aren’t getting better than 1.6 cents per point on average now, then maybe it’s worth it – just keep in mind this new management is likely to keep devaluing the value you get from points, so I wouldn’t back up the truck.

Offer expires on June 05, 2026 What cards earn Chase Ultimate Rewards?

Credit Cards that Earn Chase Ultimate Rewards

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Get a 30% transfer bonus when you transfer Chase Ultimate Rewards to Southwest Rapid Rewards.

Credit Cards that Earn Chase Ultimate Rewards

Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

Chase Ink Business Preferred® Credit Card

😎 Apply to join the private MilesTalk Facebook group

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Get a 30% transfer bonus when you transfer Chase Ultimate Rewards to Southwest Rapid Rewards.

Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

Chase Ink Business Preferred® Credit Card

😎 Apply to join the private MilesTalk Facebook group

Your account has been successfully created!