While it might sound surprising today, many of the 1900’s dispensationalists held to some form of the covenant of redemption. Those such as Dwight Pentecost, Lewis Sperry Chafer, R. W. Newell, and John Walvoord all argued for the utility of what is often called the pactum salutis. They were not turned away by its link to covenantal theology, but rather they saw both an exegetical likelihood of such a covenant, as well as a theological utility to it. This paper draws on a J. Montgomery’s 1959 dissertation at Dallas Seminary titled “The Covenant of Redemption in Dispensational Theology.” It uses his research into early dispensationalism to explain why the covenant of redemption was widely accepted by twentieth-century dispensationalists. It will then look at how that doctrine has fallen out of style, and conclude with an argument for its continued utility, particularly in dispensationalism.