Summary List Placement
- Southwest devalued its points overnight without notifying its loyalty program members in advance.
- Your Rapid Rewards points are now worth about 0.1 cents less apiece than they were previously.
- This isn’t a massive devaluation, but it’s disappointing news for Southwest frequent flyers.
- Read Insider’s guide to the best travel rewards credit cards.
If you’ve been around points and miles for a while, you’ve probably seen your share of devaluations — that is, when loyalty programs make adjustments that result in your points being worth less. Usually, this comes in the read more ⇒