If you have a Chase Ultimate Rewards account, you can transfer points to participating frequent travel programs. One program you can transfer points to is Southwest Rapid Rewards. Usually one Ultimate Rewards point equals one Southwest Rapid Rewards point. So 1,000 Chase Ultimate Rewards points will yield 1,000 Rapid Rewards points.
However, now through 10/31/2020, you can receive 20% more Rapid Rewards points when you transfer Ultimate Rewards points to your Rapid Rewards account. So during this offer, 1,000 Chase Ultimate Rewards points will yield 1,200 Rapid Rewards points.
If you are trying to accumulate Southwest Rapid Rewards points right now, this may be something you may want to consider taking advantage of.
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