Although things have opened back up since that time, judge your own risk tolerance for that kind of thing. In Fall 2019, nobody foresaw that the Covid-19 pandemic would shut down travel starting in March 2020 and limit the utility of the CP in 2020-2021. What could go wrong when you apply in the fall? (There are also other factors to consider when planning your application schedule, such as 0/30 for a Business card, the One Southwest rule for personal cards, relative bonus offers, etc.) But as we shall see, earlier is not always better. Whether you abide by the 90 or the 115 day approach, it is technically possible to be approved for a SW card today and complete the MSR after your December statement closes, although you may have to change your statement dates.ĭue to personal travel plans, expiring bonus offers, or just plain eagerness, some people want to apply for SW cards as early as they can and still have the bonuses post in January of the following year. Take all of this into account when deciding how early to apply. Since that article was written, I haven't seen any DPs where a bonus was denied for completing the MSR from 90-115 days, and I have seen several DPs of success. In addition, the terms and conditions for the bonus points say that the minimum spending requirement must be met "within three months of account opening." Historically, Chase has given 115 days to meet the MSR, but starting about June 2019, many people became concerned that Chase may be enforcing a 90 day timeframe. To maximize the length of your 2023-2024 CP, you must complete MSR(s) after your December statement(s) close, so that the points post to your RR account in 2023. In this way, it is possible to use the CP for 23 months or so. Many people try to maximize the amount of time for which they have the CP by applying for Chase SW credit cards late in the year and having the credit card bonus points post in January of the next year. Once you qualify, your CP is valid for the remainder of the year in which you earned it and for the entire next year. You get this valuable benefit by having 125,000 SW Rapid Rewards points post to your Rapid Rewards account during a single calendar year. The Southwest Airlines Companion Pass allows you to take a designated companion with you for free (not including taxes/fees) on each of your Southwest flights for up to two years. What is the Southwest Airlines Companion Pass? Since there are tens of thousands of new members in this sub since my last update in 2020, let's review the ways in which this has gone wrong. This is a valid concept, but there are potential pitfalls along the way. All comments and DPs welcome.Īt this time of year, many comments suggest that people should apply for Chase Southwest credit cards from now through December, delay meeting the minimum spending requirements so that the bonus points post in January 2023, and get a 2023-2024 Companion Pass. *This is an update to my 2020, 2019, and 2018 posts. Current & Recent Credit Card Offers - Managed by u/stackingpoints.NOTE: If you are using an Android or iOS app to browse Reddit and you receive an error or no results when clicking one of the below links, please use the search bar in your mobile app to search r/churning for the title of one of these threads instead - it will filter out everything except the threads you are searching for. AmEx MR | Chase UR | Citi TY | Marriott.I love my Alaska Airlines $99 companion fares, but Southwest’s deal is even better. With new flights to Hawaii, there are more opportunities than ever to take advantage of that savings. Many airlines have made a habit of announcing changes to their programs in October or November.Įven with the changes, the value of the Southwest Airlines Companion Pass is incredible for those who are able to make frequent use of it. Personally, I think if you are applying this early then that’s a risk you choose to take. Most cards have a a three-month period for qualifying spend to earn bonus points and the points need to post in January to matter. But we’re two-and-a-half months from 2020. (Flying may be cheaper in real terms than it was two or three decades ago, but in many cases you still pay more dollars.)ĭoctor of Credit thinks today’s change wasn’t provided with enough notice because some people are already applying for a credit card with plans to earn the bonus points and count them toward next year’s pass. And since points are earned based on spend, you would expect to earn more points over time as inflation raises the nominal cost of travel. This is not necessarily surprising as it’s very easy to earn Rapid Rewards points with one of the several Southwest Airlines credit cards issued by Chase, and the sign-up bonuses on these cards have been increasingly generous.
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