# Chase Offers 30% Transfer Bonus to Southwest Rapid Rewards Through June 5

_May 16 12:30_

Tags: Southwest, Southwest Airlines, Chase Ultimate Rewards, Southwest Rapid Rewards, Chase, transfer bonus, loyalty program, airline, credit card, devaluation

Chase Ultimate Rewards is offering a 30% bonus when transferring points to Southwest Rapid Rewards. The promotion runs from May 15 through June 5, 2026, with unlimited transfers allowed

> **Check before acting.** This offer was last reported 175 days ago, on May 16, 2026. Registration deadlines and bonus windows close. We do not track whether this one is still live, so check the program's own page before acting on it.

## Summary

Chase Ultimate Rewards has launched a 30% transfer bonus to Southwest Rapid Rewards, valid from May 15 to June 5, 2026. Points typically transfer at a 1:1 ratio, but during this window, they transfer at 1:1.3. Transfers are instant and can be used an unlimited number of times. This is only the second transfer bonus between these two programs in over five years, following a 20% bonus in October 2020 and a 25% bonus in October 2025. It is the largest bonus percentage offered to date. While Southwest's dynamic pricing has slightly devalued points (averaging closer to 1.1 cents per point recently), the 30% bonus pushes the effective value safely over 1.4 cents per point, making it a worthwhile redemption strategy for frequent Southwest flyers

Sources add:
• LoyaltyLobby: Chase and Southwest Airlines have opened another points-to-points (miles) conversion bonus of 30% , valid through June 5, 2026 allowing for transfers with a generous bonus

## Why it matters

Affects 2 airline programs (Southwest, Southwest Airlines). Card-issuer angle via Chase. Time-limited transfer bonus — confirm rate and end date before transferring.

## What each source adds

- **LoyaltyLobby**: Chase and Southwest Airlines have opened another points-to-points (miles) conversion bonus of 30% , valid through June 5, 2026 allowing for transfers with a generous bonus

## Sources cited

- [One Mile at a Time](https://onemileatatime.com/deals/chase-southwest-transfer-bonus) — Chase Offering 30% Southwest Rapid Rewards Transfer Bonus: Worth It?
- [LoyaltyLobby](https://loyaltylobby.com/2026/05/16/chase-ultimate-rewards-to-southwest-airlines-rapid-rewards-30-conversion-bonus-through-june-5-2026?omhide=true) — Chase Ultimate Rewards To Southwest Airlines Rapid Rewards 30% Conversion Bonus Through June 5, 2026

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