This valuation is based on bringing a companion along on 12 round-trip flights at a value of $250 apiece, although you should adjust it if you plan to utilize it more (or less) frequently.Įarn 62,500 points on flights annually and take home 15,625 bonus points as an A-List member. This will give you A-List status (and the benefits it confers) plus the Companion Pass perk.ĭepends entirely on how frequently you can bring your designated companion on a flight. This earns 62,500 points and 62,500 TQPs from flying (a total spend of $4,375), along with 62,500 points from partner activity. However, for this first part, I'll assume that your points originate from flying and spending equally with partners. I'll assume you hold a Southwest cobranded credit card and earn 135,000 additional points for this analysis. Opening and/or using a Southwest credit card (like the Southwest Rapid Rewards Premier Credit Card), including sign-up bonuses.Dining through the Rapid Rewards Dining program.Doing business with travel partners like hotels and car rental agencies.However, you can earn points toward the Companion Pass in a variety of additional ways: These differ slightly from the Tier Qualifying Points identified above, generally earned only through flying. You'll earn it by taking 100 qualifying one-way flights or earning 135,000 Companion Pass-qualifying points in a calendar year, though Southwest cobranded credit card members get a 10,000-point boost toward a Companion Pass every year, giving them a headstart on qualification. It gives you a buy one, get one free on all Southwest flights, including paid and award tickets. The next tier in the Southwest program isn't an elite status tier but is still worth valuing: the Companion Pass, one of the most lucrative and rewarding benefits in the travel industry. The Companion Pass is one of the world's most valuable travel perks. Related: Everything you need to know about the best seats on Southwest Airlines Southwest elite status tiers However, this analysis is based on the standard qualification criteria. Second, I'm rounding all numbers to the nearest $5 to make the calculations easier.įinally, it's worth noting that Southwest occasionally runs promotions to help qualify for elite status - like the current offer through May 31 for double TQPs on paid tickets, TQPs on award tickets and bonus TQPs based on credit card spending. Three final pieces of information: First, since you'll earn bonus points as an elite member with Southwest, I'm using TPG's most recent valuations to calculate their value (1.5 cents apiece). You should always modify these details based on how much you plan to travel in 2023 and the types of Southwest tickets you most frequently purchase. I'll then assume that you spend an average of 7 cents per TQP, which is what you'd average across the year if 10% of your purchases are Business Select tickets, 10% are Anytime fares and the remaining 80% are Wanna Get Away. This analysis assumes that you earn 20% more TQPs than the minimum required for the given level. Related: What to know about Southwest's 'Wanna Get Away Plus'
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