Tuesday, December 31st, 2013, 6:58 pm
If you have earned a significant amount of Southwest points in 2013 you may want to bump it up to 110K.
When you earn 110K points in a year from Southwest flights, from Southwest credit cards, or from hotel transfers you earn an unlimited use companion pass that allows you to bring a companion with you on all of your paid and award flights for the following calendar year.
So if you have earned 80K Southwest points in 2013, consider transferring 50,000 Chase Ultimate Rewards points to Hyatt. That transfer is instant. You or your spouse would need to have a Sapphire Preferred, Ink Plus , or Ink Bold to make that transfer.
You can then transfer those 50,000 Hyatt points into 30,000 Southwest points. That transfer takes time, but it’s backdated to the day of the transfer so a few days after it is completed you will retroactively have earned a companion pass. You may lose 20,000 points in the process, but you should get more value than that if you travel in 2014 with your pass.