post Re: Points math post-conversion with devaluation in Rapid RewardsÂ®
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119028#M7664
<BLOCKQUOTE><HR /><LI-USER uid="140922"></LI-USER> wrote:<BR /><P>Hi all, we had a trip planned in Aug 2020. I paid $2710.56 for those tickets. When SW offered the conversion of travel funds to points, I went ahead and did this, and received 211,419 points. I received 78 points per $1 spent. <BR /><BR /></P><P>I understand as a frequent traveler who would have used the points before their Sept 2022, I realize this was a mistake. But, can you help me understand how much of a loss I am taking, given the devaluation?</P><P><BR />Thank you!</P><HR /></BLOCKQUOTE><P> </P><P>Points bookings now cost 83 points per $1 base fare.(Base fare is the airfare portion of travel, minus any taxes and fees.)</P><P> </P><P>Calculating an exact loss is difficult, as there are multiple factors involved. For example, the amount you converted to points (at 78/$1) may have included taxes and fees, but when you rebook using points you only pay the 911 fee.</P><P> </P><P>As noted, many bloggers are using 6% as an approximation. In your case that's $162.64.</P><P> </P><P>Points bookings have some benefits that are difficult to exactly value. These include less taxes, and full refundability. These reduce the sting of the 6% somewhat.</P><P> </P><P> </P>Thu, 15 Apr 2021 23:17:25 GMTchgoflyer2021-04-15T23:17:25ZPoints math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/118989#M7659
<P>Hi all, we had a trip planned in Aug 2020. I paid $2710.56 for those tickets. When SW offered the conversion of travel funds to points, I went ahead and did this, and received 211,419 points. I received 78 points per $1 spent. <BR /><BR /></P><P>I understand as a frequent traveler who would have used the points before their Sept 2022, I realize this was a mistake. But, can you help me understand how much of a loss I am taking, given the devaluation?</P><P><BR />Thank you!</P>Thu, 15 Apr 2021 12:24:36 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/118989#M7659JenT2021-04-15T12:24:36ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/118991#M7660
<P>I am not confirming that there was an actual across-the-board "devaluation;" that said, the travel blogs and media are reporting that reward travel now requires about 6% more points to book. So that means for you, you have "lost" the value of about 12,600ish points at the old value. </P><P> </P><P>While I am absolutely not a fan of without-notice devaluations, I have to say that if this is one of the few changes that comes out of the trying times of the pandemic...I'll take it.</P><P> </P><P> </P>Thu, 15 Apr 2021 12:44:36 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/118991#M7660elijahbrantley2021-04-15T12:44:36ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119004#M7662
<P>Therr stock is about 30% since the pandemic. I would say they are doing well and screwed faithful rapid rewards members. Remember rapid rewards dont expire but can lose valuation. Where is that said by southwest.</P>Thu, 15 Apr 2021 17:15:48 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119004#M7662Jsmjeff2021-04-15T17:15:48ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119028#M7664
<BLOCKQUOTE><HR /><LI-USER uid="140922"></LI-USER> wrote:<BR /><P>Hi all, we had a trip planned in Aug 2020. I paid $2710.56 for those tickets. When SW offered the conversion of travel funds to points, I went ahead and did this, and received 211,419 points. I received 78 points per $1 spent. <BR /><BR /></P><P>I understand as a frequent traveler who would have used the points before their Sept 2022, I realize this was a mistake. But, can you help me understand how much of a loss I am taking, given the devaluation?</P><P><BR />Thank you!</P><HR /></BLOCKQUOTE><P> </P><P>Points bookings now cost 83 points per $1 base fare.(Base fare is the airfare portion of travel, minus any taxes and fees.)</P><P> </P><P>Calculating an exact loss is difficult, as there are multiple factors involved. For example, the amount you converted to points (at 78/$1) may have included taxes and fees, but when you rebook using points you only pay the 911 fee.</P><P> </P><P>As noted, many bloggers are using 6% as an approximation. In your case that's $162.64.</P><P> </P><P>Points bookings have some benefits that are difficult to exactly value. These include less taxes, and full refundability. These reduce the sting of the 6% somewhat.</P><P> </P><P> </P>Thu, 15 Apr 2021 23:17:25 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119028#M7664chgoflyer2021-04-15T23:17:25ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119035#M7666
<BLOCKQUOTE><HR /><LI-USER uid="74750"></LI-USER> wrote:<BR /><BLOCKQUOTE><HR /><LI-USER uid="140922"></LI-USER> wrote:<BR /><P>Hi all, we had a trip planned in Aug 2020. I paid $2710.56 for those tickets. When SW offered the conversion of travel funds to points, I went ahead and did this, and received 211,419 points. I received 78 points per $1 spent. <BR /><BR /></P><P>I understand as a frequent traveler who would have used the points before their Sept 2022, I realize this was a mistake. But, can you help me understand how much of a loss I am taking, given the devaluation?</P><P><BR />Thank you!</P><HR /></BLOCKQUOTE><P> </P><P>Points bookings now cost 83 points per $1 base fare.(Base fare is the airfare portion of travel, minus any taxes and fees.)</P><P> </P><P>Calculating an exact loss is difficult, as there are multiple factors involved. For example, the amount you converted to points (at 78/$1) may have included taxes and fees, but when you rebook using points you only pay the 911 fee.</P><P> </P><P>As noted, many bloggers are using 6% as an approximation. In your case that's $162.64.</P><P> </P><P>Points bookings have some benefits that are difficult to exactly value. These include less taxes, and full refundability. These reduce the sting of the 6% somewhat.</P><P> </P><P> </P><HR /></BLOCKQUOTE><P>Using them to book someone else's ticket, and if that person cancels you get the points back the same as if it was your own ticket - as opposed to travel funds in their name for a cash ticket.</P><P> </P><P> </P>Fri, 16 Apr 2021 00:29:12 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119035#M7666DancingDavidE2021-04-16T00:29:12ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119049#M7668
<P><LI-USER uid="140922"></LI-USER> Am I missing something. Once you made the conversion to points, didn't you book your flight then? If so, you didn't lose anything. </P>Fri, 16 Apr 2021 04:41:21 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119049#M7668SWFlyer0072021-04-16T04:41:21ZRe: Points math post-conversion with devaluation
https://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119066#M7676
<BLOCKQUOTE><HR /><LI-USER uid="135160"></LI-USER> wrote:<BR /><P><LI-USER uid="140922"></LI-USER> Am I missing something. Once you made the conversion to points, didn't you book your flight then? If so, you didn't lose anything. </P><HR /></BLOCKQUOTE><P>No, she planned to rebook before 9/22. So she's out 6%, plus or minus whatever difference in fares. </P><P> </P><P>That's another gripe I have with SWA... (one of the few, but this point thing is one more). You can't book more than several months out, making annual trip planning difficult. Even though they extended the expiration, you still have to sit on the funds until the flight itinerary is released, and then you're that much closer to them expiring. </P><P> </P><P>I fly a lot, so I have to be careful which flights are near expiration if I cancel them. So I took the points deal to "reset" all the expiring funds. They just thanked my patronage by taking a 6% tip from me. </P>Fri, 16 Apr 2021 18:08:25 GMThttps://community.southwest.com/t5/Rapid-Rewards/Points-math-post-conversion-with-devaluation/m-p/119066#M7676gsking2021-04-16T18:08:25Z