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IMPORTANT: Receiving Points With Southwest Rapid Rewards. In order to receive points for your flights, you must enter your Rapid Rewards account number when you book a flight. If you forget, don't fret - you can also do this when you check in for the flight.
With Companion Pass, Southwest points can be worth up to about 3 cents each when you redeem for companion travel, so getting your Hyatt points cut in half gives you about the same value in Southwest rewards that you would get in Hyatt hotel rewards.