You are right, Southwest Rapid Rewards Priority card comes 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open. These points can be redeemed for flights, gift cards and merchandise. You should mention that the value of points varies. What is more, if you want to redeem points for a reward flight, the number of points also depends on the fare, destination, time and other factors. Fees and taxes may apply to your award ticket.
You may also consider travel rewards credit cards that have more flexible redemption options and you will know how many miles or points are needed for an award flight. For example, the Barclaycard Arrival Plus® World Elite Mastercard® credit card comes with great bonus offer – 70,000 bonus miles after you spend $5,000 in purchases within the first 90 days of account opening. Those 70,000 miles are redeemable for $700 in airfare on any airline, anytime with no blackout dates when redeemed as travel statement credits. You will also earn 2x miles on all credit card purchases.