Will the changes to the CSP affect you?

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Whatamuji
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Will the changes to the CSP affect you?

Postby Whatamuji » Sat Sep 26, 2015 3:26 am

I was wondering if the upcoming changes to the Chase Sapphire Preferred card would have any affect on how you use this card. Specifically the loss of the 7% point dividend and the extra point you get when using the Ultimate Rewards portal to redeem points.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, Chase Freedom Unlimited: 3.2k, AMEX HHonors 5k


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CarefulBuilder14
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Re: Will the changes to the CSP affect you?

Postby CarefulBuilder14 » Sat Sep 26, 2015 10:49 am

Whatamuji wrote:I was wondering if the upcoming changes to the Chase Sapphire Preferred card would have any affect on how you use this card. Specifically the loss of the 7% point dividend and the extra point you get when using the Ultimate Rewards portal to redeem points.

I applied in 2015, so none of my spending will earn the 7% dividend. The improved car rental and trip cancellation insurance are not to be ignored, though.

Booking travel through Chase often means inflated prices. I tend to book direct or with a discount website, but I'd book with Amex travel before I would with the UR portal.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

Whatamuji
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Re: Will the changes to the CSP affect you?

Postby Whatamuji » Sat Sep 26, 2015 12:50 pm

I agree with you on the trip cancellation and insurance benefits. Definitely good benefits to have. Is the CSP in your opinion worth getting even with the inflated UR redemption?
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, Chase Freedom Unlimited: 3.2k, AMEX HHonors 5k

kdm31091
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Re: Will the changes to the CSP affect you?

Postby kdm31091 » Sat Sep 26, 2015 1:26 pm

Whatamuji wrote:I agree with you on the trip cancellation and insurance benefits. Definitely good benefits to have. Is the CSP in your opinion worth getting even with the inflated UR redemption?


To me, it's only a worthwhile card if you are a heavy spender, and travel via plane often. Otherwise, 2% dining and travel for $95 a year isn't worth it. The CSP has slowly been chipped away at for years. I don't want one anyway but they need to make it more competitive at this point. For the same fee, the Citi Prestige seems to have more benefits though I am hardly a points expert.

Don't book travel through UR. You are paying more for the "privilege" of the extra points you get.

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CarefulBuilder14
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Re: Will the changes to the CSP affect you?

Postby CarefulBuilder14 » Sat Sep 26, 2015 5:32 pm

It's not just about airlines. For nice hotels, Hyatt is a great transfer partner.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

Whatamuji
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Re: Will the changes to the CSP affect you?

Postby Whatamuji » Sun Sep 27, 2015 12:16 am

I did forget about the transfer partners. So if I were to get the card just for transfer partner purposes. Would it be a good idea or would I be better served with the specific brands card or some other option?
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, Chase Freedom Unlimited: 3.2k, AMEX HHonors 5k

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CarefulBuilder14
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Re: Will the changes to the CSP affect you?

Postby CarefulBuilder14 » Sun Sep 27, 2015 12:39 pm

Whatamuji wrote:I did forget about the transfer partners. So if I were to get the card just for transfer partner purposes. Would it be a good idea or would I be better served with the specific brands card or some other option?

That would depend on the card, brand loyalty, your spending, the value you place on status/upgrades, and the value you place on simplicity vs. bargain-hunting. There's no substitute for going through the details for specific cards and likely travel plans.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

kdm31091
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Re: Will the changes to the CSP affect you?

Postby kdm31091 » Sun Sep 27, 2015 12:59 pm

If you are not very brand loyal, a brand specific card probably won't make sense. For me, I don't travel enough that I want to be tied down to a certain chain when I do, because there's no guarantee my destination will have the "right" one. Of course you can solve it by carrying several chain hotel cards, but that's not my thing.

Keep in mind the cash back portals often run deals for Orbitz, Travelocity, etc at 5-10% off. You have to research and compare prices, but to me, you're getting a discount on wherever you want to go hotel-wise, and have no hassle with points.

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CarefulBuilder14
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Re: Will the changes to the CSP affect you?

Postby CarefulBuilder14 » Sun Sep 27, 2015 1:40 pm

kdm31091 wrote:Keep in mind the cash back portals often run deals for Orbitz, Travelocity, etc at 5-10% off. You have to research and compare prices, but to me, you're getting a discount on wherever you want to go hotel-wise, and have no hassle with points.

The main downside of that for me is limited flexibility for cancellations. If I'm booking weeks or a month in advance, I want to be able to make some changes. If I'm booking days or hours in advance, I just want a low cash price (which often means Hotel Tonight).
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

takeshi
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Re: Will the changes to the CSP affect you?

Postby takeshi » Mon Sep 28, 2015 11:17 am

7% will for me. However, I don't redeem for travel via the portal.

Whatamuji wrote:Is the CSP in your opinion worth getting even with the inflated UR redemption?

Worth is always highly subjective. Again, I don't redeem for travel via the portal. I've always transferred and that isn't being impacted.



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