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What is Southwest Rapid Rewards's devaluation history?

Southwest Rapid Rewards last devalued on 21 July 2025 (441 days ago). 2 recorded devaluations and 0 enhancements since 2025.

Value of 100,000 Southwest Rapid Rewards points in USD

estimated

Valuations: Miles Mosaic reference table, snapshotted monthly. Points with no snapshot are estimated from recorded events and labelled as estimates (dashed).

Full history

Southwest Rapid Rewards Moderate Benefit

Announced 21 Jul 2025 · 27 Jan 2026

Southwest moved to assigned, paid seating, ending its open-seating boarding model

Source: The Points Guy, verified 7 Aug 2026

Southwest Rapid Rewards Major Benefit

Announced 11 Mar 2025 · 28 May 2025

Southwest ended its Bags Fly Free policy, introducing checked-bag fees for most fares

Source: Trips With Tykes, verified 7 Aug 2026

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