Applying for CSP again after closing it?

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wiivile
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Applying for CSP again after closing it?

Postby wiivile » Mon Jul 21, 2014 9:11 am

I don't really plan on traveling much in the immediate future, so I'm thinking of closing my CSP and transferring the credit line to the Freedom. I have 150,000 points on my CSP though, and so I'd need to transfer the points to the Freedom as well. If I saved those points for some point in the future where I'd be traveling more, will I still be eligible to sign up again for the CSP? I assume I won't get the sign-up bonus, but would I have to pay the Annual Fee up front?

I'm not sure if there would be any advantages to merely downgrading the CSP to the regular Sapphire as opposed to closing it entirely and transferring everything to Freedom...
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL


MemberSince99
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Postby MemberSince99 » Mon Jul 21, 2014 3:02 pm

You can for sure sign up for the CSP in the future. It just depends - I've had two Freedoms and I got the sign up bonus on both of them. No annual fee so I can't say if they would waive first year but I assume you'd have a shot at it.


If there is a chance you might want it again, I'd say maybe keep it because that way the 95 annual fee gets grandfathered where it will be more when you apply. That's one thing to consider.

supercoolman
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Postby supercoolman » Tue Jul 22, 2014 1:21 am

MemberSince99 wrote:You can for sure sign up for the CSP in the future. It just depends - I've had two Freedoms and I got the sign up bonus on both of them. No annual fee so I can't say if they would waive first year but I assume you'd have a shot at it.


If there is a chance you might want it again, I'd say maybe keep it because that way the 95 annual fee gets grandfathered where it will be more when you apply. That's one thing to consider.


do you remember how long apart were your apps for the two Freedom?



CSP 7% annual dividend is gone for any new card holder, but grand fathered for current holder until 2016. you can decide whether you want to keep it or not depends on how much you'll be spending on it before AF hits.

MemberSince99
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Postby MemberSince99 » Tue Jul 22, 2014 5:47 am

They were over a year apart.

wiivile
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Postby wiivile » Tue Jul 22, 2014 7:09 am

supercoolman wrote:do you remember how long apart were your apps for the two Freedom?



CSP 7% annual dividend is gone for any new card holder, but grand fathered for current holder until 2016. you can decide whether you want to keep it or not depends on how much you'll be spending on it before AF hits.


Woah, they actually eliminated something from the CSP? I thought they were trying to beef it up to keep it competitive with things like the Barclaycard Arrival and SPG.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

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PlyrStar93
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Postby PlyrStar93 » Tue Jul 22, 2014 11:48 am

But they added some other perks that are harder to calculate exact values, like primary CDW, increased trip cancellation insurance. I don't have CSP, so it's really up to you to determine what you get and lose after this change.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
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wiivile
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Postby wiivile » Tue Jul 22, 2014 2:04 pm

PlyrStar93 wrote:But they added some other perks that are harder to calculate exact values, like primary CDW, increased trip cancellation insurance. I don't have CSP, so it's really up to you to determine what you get and lose after this change.


Pretty sure the Freedom Visa Signature would also have this since don't all Chase cards have the same Visa Signature benefits?
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

MemberSince99
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Postby MemberSince99 » Tue Jul 22, 2014 8:04 pm

Yes they have the same Visa Signature benefits, but some cards have their own perks as well, like CSP has no FTF as one example.

wiivile
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Postby wiivile » Wed Jul 23, 2014 12:10 am

MemberSince99 wrote:Yes they have the same Visa Signature benefits, but some cards have their own perks as well, like CSP has no FTF as one example.


Yeah but from strictly a Visa Signature benefits standpoint, the annual-fee CSP and the no-fee Freedom have the same benefits...
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

randeman
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Postby randeman » Wed Jul 23, 2014 8:59 am

PlyrStar93 wrote:But they added some other perks that are harder to calculate exact values, like primary CDW, increased trip cancellation insurance. I don't have CSP, so it's really up to you to determine what you get and lose after this change.


Except that the perks you outlined are Visa perks and not Chase perks. Chase doesn't control them.

Moreover, when I called CSP CS night before last, the woman I spoke with had not heard about the removal of the 7% perk. She couldn't find anything about it on their "hot topic" page.
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).



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