Southwest Rapid Rewards: How to earn and redeem points, elite status and more

Southwest Airlines was long known for policies such as no change fees and complimentary checked bags.But the airline has changed significantly over the past couple of years, introducing assigned seating, checked bag fees and new fare types while expanding its international reach through a growing network of interline partners.Southwest Rapid Rewards points remain straightforward to earn and redeem, though, and the program still offers one of the most valuable airline loyalty perks around: the awesome Southwest Companion Pass.Here's what you need to know about earning, redeeming and maximizing Southwest Rapid Rewards points.Southwest Rapid Rewards program overviewKATIE GENTER/THE POINTS GUYLike Southwest Airlines itself, the Rapid Rewards frequent flyer program has amassed a loyal following. Despite not having a standard award chart or being part of an airline alliance, Rapid Rewards' promise of no blackout dates and the ability to earn Southwest's famous Companion Pass make it an excellent choice for couples, families and those with not-so-flexible schedules.Last year, Southwest adjusted award prices to make them more "variable," as opposed to tying the award price to the cash valu...