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Update: Some offers mentioned below are no longer available. View the current offers here – Southwest Rapid Rewards Premier Credit Card
Currently, the Southwest Rapid Rewards Premier Credit Card is offering 60,000 points after you spend $2,000 in the first three months. You can earn the same sign-up bonus on the Southwest Rapid Rewards Premier Business Card (by spending $3,000 in the first three months). Signing up for both of these cards would get you the 110,000 points needed to earn a Companion Pass, one of the most lucrative and popular benefits in the world of frequent flyer programs, plus an extra 10,000 points.
One of the key aspects of the Companion Pass is that it’s valid for the rest of the calendar year in which you earned it — plus the entire following calendar year. Therefore, if you earn the 110,000 qualifying points as quickly as possible in the beginning of the year, you can have 23-plus months of free companion travel. However, qualification happens on a calendar year basis, meaning that must have 110,000 qualifying points post to your Rapid Rewards account between January 1 and December 31 — the counter resets at the beginning of the year.
This all distills down to one simple goal: You need both bonuses to post in early January 2018 to maximize the Companion Pass for almost two years.
Some of may crunch the numbers and quickly come to the realization that there are still about three months left in 2017 — surely there’s no way to get the bonuses to post in January 2018 to make the most of the Companion Pass, right? Fortunately, there are a couple of ways you can do this with the current offers, here’s how to make each happen.
Option 1: Wait to apply
The first option is the simplest, but also involves some risk: Wait until later this month (or into next month) to apply for the cards, then wait until close to the end of the year to hit the minimum spend so that your two 60,000-point bonuses will post in early January 2018.
The footnote on the application page includes the following language in regards to the sign-up bonuses:
“Please allow 6 to 8 weeks for bonus points to post to your Rapid Rewards account.”
However, I’ve typically found that points will post a day or two after my statement closes. As long as your final qualifying purchase posts to a statement that closes in early January, you should be good to go — just be sure that you don’t cut things too close.
The big risk with this option is that the availability of Southwest offers can be unpredictable; some are around for just a couple of weeks, others have a published expiration date, some are extended beyond that cutoff, and others stick around for two months. The present offers don’t have specific timeframes, but if you choose to wait, the bonuses may disappear before you even have a chance to apply.
Option 2: Apply now and change your bill due date/statement date (if necessary)
There’s another option that would allow you to apply now (thus removing the risk of the offer disappearing) and then carefully plan your purchases to allow the two sign-up bonuses to hit your Rapid Rewards account in early January 2018. This simple solution takes advantage of the fact that points earned on a credit card won’t post to your loyalty account until the statement period closes: Apply for the card now, set up online access to the account (once approved) and then change your bill due date to the 28th of the month.
From my experience with this (and other) cards, Chase automatically selects a statement closing date that’s 2-4 weeks from your account approval date, and then your bill due date will be ~25 days after that.
Fortunately, changing your bill due date will, in my experience, change your statement closing date as well. I actually just did a test run of this on my IHG Rewards Club Select Credit Card. My bill due date was the 16th of the month, making my statement closing date on (or around) the 19th of the month. I changed my bill due date to the 28th, and when I called the customer service number on the back of the card, the rep confirmed that my next statement would now close on October 3 (rather than September 19).
You can certainly call to make this change, but here’s how to do it online (once your new cards appear in your account):
- Find your credit card and click on the “See more information” link at the bottom right.
- Locate the “Change bill due date” on the menu of options under the “I’d like to …” heading.
- Select the 28th from the drop down menu and click Next.
- Confirm your entry and click Change Due Date.
Once you’ve made this change, your first statement should close on November 3, and each of the following months should close on the 3rd, as well. Here’s how to make sure that your sign-up bonuses will hit in January:
- Spend ~$1,900 on each card before December 3 (remember that the $99 annual fee does not count toward the minimum spend threshold to earn a sign-up bonus).
- As soon as that statement closes, immediately make a purchase of at least $100.
- Wait until the January 3 statement closes and watch your sign-up bonuses post in early 2018, just as you planned!
Of course, all of this may not even be necessary. If you apply now (or within the next few days), your statement close date may automatically be in early November. However, if it isn’t, you’ll definitely want to change it.
The Companion Pass is an incredibly lucrative benefit, and being able to utilize it for almost two years makes it even sweeter. Hopefully, these new sign-up bonuses are timed out perfectly for those of you who plan to travel a bunch in 2018 and 2019 — because then you’ll be able to bring along a friend for free!
For more details on the Companion Pass, check out the following posts:
- Southwest Companion Pass: 16 Things Every Flyer Should Know
- Family Travel Tips for the Southwest Companion Pass
- Using Marriott Flight + Hotel Awards for the Southwest Companion Pass
- Southwest Companion Pass FAQ and Maximization Strategies
Are any of you planning to utilize this strategy to earn a Companion Pass in early 2018?
With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.
- Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
- Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
- Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
- Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
- $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
- Choose to carry a balance with interest on eligible charges of $100 or more.
- No Foreign Transaction Fees.
- Annual Fee is $250.
- Terms apply.
- See Rates & Fees