I got the Southwest RR card in July and nearly met the spending limit before the end of the first billing cycle. When I say nearly, I was short by 0.12 cents of my $2,000 limit. On my credit card statement, the bonus points related to the amount of the purchases were shown to be transferred to Southwest. When I checked my Southwest RR account, the points were posted within two days of the end of the billing cycle. I made a gas purchase to spend the necessary 0.12 cents to complete my bonus qualifying purchase. My most recent statement again shows that the 60,000 bonus points and my credit card purchase points were transferred to Southwest, However, unlike the earlier billing period when I got the points right away, I am still waiting. Meanwhile, the price and corresponding point totals to book a flight keep going up.
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