Originally Posted by happy2fly

My trip is a few months out. I see a decent fare, but I have a feeling I may be able to get something better over the next few months. However, the current fare isn't bad. If I book using points, I can always cancel and re-book if a better fare comes along, with no penalty on my points? If I was using cash, the fare difference would be stuck in southwest money toward a future fare (good for one year)... is that correct?