Kevin86475391 wrote:Hmm, you might also consider going for the Chase Freedom Unlimited then. You earn 1.5% on all purchases, including dining and travel of course. These accrue Chase's Ultimate Rewards, which are the same points you'd eventually be spending with the CSP for rewards. Thus if you're okay with waiting a bit to get your rewards you can essentially start banking them now and then cash out once you apply for and get the CSP in the future. The Chase Freedom Unlimited should be considerably easier to qualify for than the CSP, and it's not really a waste at all because the two cards really do synergize quite well and many people would want them both for their credit portfolio regardless.
To My Credit wrote:I've recently gotten a Chase Freedom and all this talk about synergy is making me want to get a CSP a couple of years down the line. What I got is that Ultimate Rewards are pretty great and because Freedom and Freedom Unlimited earn UR and UR can be spent with the CSP, they're a great trio of cards to have. For someone who has only ever had cashback cards, my question is, just how valuable are UR? I guess the answer is that "it depends", but what is the best way to use them? What kind of purchases get you the most bang for your UR? And how much value (in terms of $$$) can you get on those purchases per 1 UR?
And is it possible to convert UR to $$$ directly? If so, what's the exchange rate?
So, basically, UR give great value on hotels and airlines? I don't do hotels much, so I guess I'd have to look at how they transfer to air travel. And if that's complex, maybe I'd be better off sticking to cashback. Thanks!CarefulBuilder14 wrote:Transfers to Hyatt Gold Passport can often give a good value (thought not always). The downside is that Hyatt has far fewer properties than, say, Marriott or IHG. I would discourage you from transferring to IHG, since there are many ways to get IHG points cheaply (which is part of why I like the program).
Airline transfers can give a great value, but with complicated fare classes, alliances and award charts, a lot of it is beyond me.