On March 31st, 2014, Southwest points become about 12% less valuable.
Book your travel before March 31st (and travel anytime thereafter), and you’ll pay 60 points for $1 of the cost of travel. However, book your flights after March 31st, and you’ll pay 70 points per $1 of the cost of travel.
The important thing to remember here is that Southwest has a built in lowest price guarantee and free cancellations.
That makes me miss living close to a Southwest city.
If you think you *might* want to travel, for example, from Denver to San Juan, Puerto Rico in June, you could make that booking today for 24,240 points, or you could pay an extra approximately 3,000 points per person more in a couple of days.
Let’s assume that you decide the day before you’re scheduled to travel that you want to cancel your flight. All you need to do is to sign into your account and cancel the flight at least 20 minutes before your scheduled departure.
Southwest is perfect for making speculative bookings, and with the value of points decreasing, I’d suggest speculating now rather than later.
Remember, Southwest has recently added some new international destinations, so if you’re considering a trip to the Caribbean, you might want to check the current fares.