When to Finish Minimum Spending Towards the Southwest Companion Pass

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When to Finish Minimum Spending Towards the Southwest Companion Pass

Million Mile SecretsWhen to Finish Minimum Spending Towards the Southwest Companion PassMillion Mile Secrets Team

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Million Mile Secrets reader Josh commented:

If I were to apply for both personal Southwest cards and my 1st statements, for example, closed on December 10, 2014, should I begin spending right after the December statement closes?

The next statement with all of my spending would close January 10, 2015, and my points would be deposited into my Southwest account in 2015.

Thus, my 110,000 points would be deposited in 2015, and my Companion Pass would be valid for 2015 and 2016.  Does this make sense and is it a good strategy?

When To Finish Minimum Spending Towards The Southwest Companion Pass
Josh Should Finish His Minimum Spending on His Southwest Cards in 2015 So He Can Earn a Companion Pass to Fly to Places Like New Orleans

By waiting until 2015 to complete his minimum spending on his Southwest cards, Josh will earn a Companion Pass valid for 2 years of free flights.

But you usually have to complete the minimum spending within 3 months from when you were approved for the card.

Southwest Credit Card

Link:   Chase Southwest Premier (personal)

Link:   Chase Southwest Premier (business)

Link:   Chase Southwest Plus (personal)

Link:   Chase Southwest Plus (business)

Link:   How to Fill Out a Chase Business Credit Card Application

Josh wants to make sure that his Southwest points post (to his Southwest account) in 2015 instead of 2014.  That’s because he will earn the Companion Pass for the whole of 2015 and 2016 as well.

Now is the best time for Josh to apply for the Southwest cards because all 4 versions of the Southwest cards are offering 50,000 Southwest points after spending $2,000 in the first 3 months.

Because the sign-up bonus counts towards earning the Companion Pass, Josh can earn a Companion Pass by meeting the minimum spending on 2 Southwest cards and earning an additional 6,000 Southwest points.

When To Finish Minimum Spending Towards The Southwest Companion Pass
Josh Can Earn a Companion Pass If He Earns 110,000 Southwest Points in a Calendar Year

Because each of the Southwest cards are considered a different card product, Josh can get a personal and business card at the same time.

Josh can also get the sign-up bonus again if he’s had a Southwest card in the past IF it’s been over 24 months since he received the sign-up bonus.

Perfect Timing

Josh has to be careful with the timing of when his Southwest points post.  His should time his Southwest points to post to his Southwest account in 2015 (and NOT in 2014), so he’ll earn a Companion Pass valid until the end of 2016.

If they post to his account in 2014, he will have to earn 110,000 points before December 31, 2014.

He should NOT complete the $2,000 minimum spending immediately, because his Southwest points will post to his account in 2014, and his Companion Pass will only be valid through the end of 2015.

If Josh finishes his minimum spending 5 to 10 days before his statement closes, the sign-up bonus will post to his account a few days after the statement closing date.

When To Finish Minimum Spending Towards The Southwest Companion Pass
By Finishing His Minimum Spending in January 2015, Josh Can Earn a Companion Pass Valid for 2 Years of Free Travel

So if Josh completes his minimum spending AFTER his December 2014 statement closes or in January 2015, his 50,000 Southwest points sign-up bonus will post to his Southwest account in 2015.

However, if wants to be 100% sure that the points will post to his account in 2015, he can complete the minimum spending after January 1, 2015.  That said, I would personally start spending on the cards after my statement closed on December 10, 2014.

Bottom Line

Josh should complete his minimum spending on his Southwest cards in 2015 and NOT in 2014.  That’s because he’ll earn a Companion Pass valid for 2 years.

Because all 4 Southwest cards are offering 50,000 Southwest points after completing the minimum spending, Josh can earn a Companion Pass if he earns 110,000 Southwest points in a calendar year.

So Josh should finish his minimum spending AFTER his December 2014 statement closes so his Southwest points post in 2015.

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Can you clarify how I should proceed?

I currently have the Companion pass, which will expire at end of 2017. I currently have 90k points and will easily qualify for Companion again. I’d like to get companion status in early 2018 so that I have Companion Pass for 2018 and 2019. If I get Companion status too early (say end of 2017) will I only get companion status for 2018.

What is the best way to time this so I get Companion status for 2018 and 2019?

I have a question about your statement above:

“Josh can also get the sign-up bonus again if he’s had a Southwest card in the past IF it’s been over 24 months since he received the sign-up bonus”

I last applied for the 2 cards in the beginning of October 2013 so I would finish my 3 months in january 2014 and get the companion pass for the full years of 2014 and 2015. I got the sign-up bonus in January 2014. Does that mean I need to wait until January 2016 to start this process or can I use the same timing this year?

@sandesh: Which credit cards did you get from Southwest? Both CCs personal, OR a personal and a business one? Thanks!

Hello, Firstly, great bloag and i check it everyday 🙂 I have a question about my southwest cards.

I got my 2 southwest cards in Jan 2015 and will have 104000 points in april 2015. Should i wait to get the remaining 6000 till january 2016 so that that i can have 2 full years, or do i need to get all the points in 2015 as per the ruke saying all points should be gathered in one year?

Thank you for your help

Darius, can you speak to this? I just applied for the Premier card, got approved, and then called to apply and get more information on the Plus card. The Southwest guy on the phone said I could NOT get the 50,000pts from BOTH cards. I can only get it from one. This changes everything! Please, more information on this!

Here’s the snippet from their site regarding the bonus points:

“Bonus Points

This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months. To qualify for your bonus points, you must make Purchases totaling $2,000 or more during the first 3 months from account opening. Government fees as low as $23 are not included. Please allow 6 to 8 weeks for bonus points to post to your Rapid Rewards account. (“Purchases” do not include balance transfers, cash advances, cash-like charges such as travelers checks, foreign currency, and money orders, any checks that access your account, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including an annual fee, if applicable.) To be eligible for this bonus offer, account must be open and not in default at the time of fulfillment.”

https://creditcards.chase.com/a1/southwest/2ffpartnersplus

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