CSP Getting Rid of 7% Annual Dividend!

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swipe_masta
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CSP Getting Rid of 7% Annual Dividend!

Postby swipe_masta » Mon Aug 18, 2014 2:42 pm

All you CSP members get the memo? 2015 is the last year to get the 7% points dividend (which you will get in 2016) and that's it...

Those who are applying now, don't get the benefit at all. They are however, upping two of their other benefits though...

What do you guys think? I for one think it sucks.


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onion
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Postby onion » Mon Aug 18, 2014 3:01 pm

It does suck, but the primary insurance coverage is pretty awesome to have. Secondary is basically useless as it'll go through your personal automobile insurance first. Those of us with a decent policy will never put secondary coverage to use.
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benhollberg
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Postby benhollberg » Tue Aug 19, 2014 8:21 pm

Agreed, the 7% dividend is going to be missed for sure. However, primary car insurance is a great benefit and I am proud to have it. Rumors say that they may be upping the annual fee but no word from Chase yet.
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PlyrStar93
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Postby PlyrStar93 » Tue Aug 19, 2014 9:41 pm

I have read an opinion somewhere else saying this might be "giving way" to those co-branded cards, might be under the pressure of Chase's partners.

e.g. CSP vs. Hyatt: both give 2 points / dollar in restaurants. If the 7% dividend exists then people would be more likely to use CSP instead of Hyatt card.

btw Freedom officially cuts 10% dividend for checking customers
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TheSwarm
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Postby TheSwarm » Fri Aug 22, 2014 9:47 pm

If you did not have a CSP, and were considering a CSP or a barclaycard arrival plus which one would you choose? Has the Barclaycard passed the CSP in value now that it's been nerfed?

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onion
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Postby onion » Fri Aug 22, 2014 11:39 pm

TheSwarm wrote:If you did not have a CSP, and were considering a CSP or a barclaycard arrival plus which one would you choose? Has the Barclaycard passed the CSP in value now that it's been nerfed?


I have the Arrival Plus and still like the CSP a lot, although I don't have one yet. What they've taken away, they've made up for with the insurance.
FICO TU - 728 - 8/14

FICO EX - 716 - 7/14

FICO EQ - 740 - 7/14



Bank of America Cash Rewards - $2,400

Best Buy - $3,000

American Express Blue Cash Everyday - $8,000

American Express Everyday - $10,000

Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)

American Express Platinum - NPSL

Barclaycard Arrival+ - $3,000

Capital One Yamacard - $11,000



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