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TPG Reader Yosef tweeted me to ask:
@thepointsguy- “Can I transfer Hyatt points to Southwest to help me earn the Southwest Companion Pass?”
The Southwest Companion Pass is an amazing perk that I frequently discuss. The good news is, yes, you can transfer Hyatt points that will count toward earning the Companion Pass. However, the bad news is that it’s not a very lucrative transfer. I value Hyatt Gold Passport points higher than Southwest Rapid Rewards (in my latest monthly valuations, I list them at 1.8 cents and 1.4 cents apiece, respectively). However, the transfer ratio is a dismal 2.5:1, so you’d have to transfer 25,000 Hyatt points to get just 10,000 Southwest points.
Transfers from Marriott also count toward the Companion Pass, and are a better option because Marriott Rewards aren’t worth as much (0.7 cents apiece in my valuations). Note that Marriott gives you pretty terrible transfer ratio of 5:1 for small amounts, but improves to 3:1 or better once you transfer at least 30,000 points.
However, the best option (if you have the means) is to take advantage of Marriott’s Flight + Hotel awards, which is how I earned my Companion Pass. If you have plans to book a Marriott stay with points in the future, you can get a great transfer rate on top of your award stay. See this post for more details.
Unfortunately, transfers to Southwest from Chase Ultimate Rewards do not count toward the Companion Pass, so if you want to want to earn it via transfers, hotels are the way to go.
Good luck earning your pass and maximizing the heck out of it once you get it!
If you have any other questions, please tweet me @thepointsguy, message me on Facebook, or send me an email at email@example.com.