This is a question I get ALL the time. And this is an easily-confused issue, as the points from the Chase Sapphire Preferred card DO transfer to Southwest at a 1:1 ratio. Watch the below video or read the post.
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THE QUESTION

Do points from the Chase Sapphire Preferred card qualify for the Southwest Companion Pass?
THE ANSWER
NO, no, a thousand times no! I want you to understand this one and NEVER forget, because it messes a lot of people up when they go to earn their Southwest Companion Pass, which lets one person fly FREE with you for a year!
While you CAN transfer points from the Chase Sapphire Preferred card to flights, they DO NOT qualify for the Southwest Companion Pass.
In fact, NO transferred points qualify for the Southwest Companion Pass…
Not Diner’s Club, not Marriott Rewards, not even points transferred from another person’s Southwest account.
So, if you’re looking to earn the [sc name=”southwest-companion-pass”][/sc] points needed to score a Southwest Companion Pass, DON’T count on Chase Ultimate Rewards® points.
How CAN I Use Chase Ultimate Rewards® Points?
Chase Sapphire Preferred, Lyn’s FAVORITE travel credit card, is a GREAT card to have if you fly Southwest frequently and want to maximize your Southwest Companion Pass. Its points, which are called Chase Ultimate Rewards® points, ALL transfer to Southwest INSTANTLY at 1:1 ratio.
[Read 4 Ways to Use Chase Sapphire Preferred Points for Southwest flights]
It allows you to earn a huge number of bonus points, which you can then use to book FREE flights on Southwest.
Plus, if you have the Southwest Companion Pass, each point is really worth DOUBLE, because you can bring someone free with you on EVERY flight and for every point you transfer to Southwest and then redeem.
