What is Southwest Rapid Rewards's devaluation history?

Southwest Rapid Rewards last devalued on 21 July 2025 (390 days ago). 2 recorded devaluations and 0 enhancements since 2025.

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