Why I should have gotten the CSP in the first place...

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swipe_masta
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Why I should have gotten the CSP in the first place...

Postby swipe_masta » Wed May 22, 2013 1:18 pm

I just got my CS a few months ago and kinda regret that I didn't get the preferred...
Now I have two options- both of which are not very great...

1) I can PC to the preferred and not get any sign up bonus, but keep my original line of credit without another inquiry...
OR
2) I can app for CSP get the sign up bonus, transfer all the points I accumulated already on CS and then cancel it...

I won't take action until further down the road, maybe like at the end of the year... What should I do? I'm leaning more towards option 2, but I just don't want the hassle of it all. Also, does Chase backdate? Has anyone experienced this problem? I AM ALL EARS!


im_mr_awesome
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Postby im_mr_awesome » Wed May 22, 2013 7:12 pm

I'd app for the CSP and keep the CS since it doesn't have an annual fee. Why get rid of an old account just because it's not the one you want? You'll get the rewards points whether you close the CS or not, so I'd keep it. Plus, if it has a decent limit, having it as $0 balance or very near $0 will keep your overall utilization low.
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MemberSince99
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Postby MemberSince99 » Wed May 22, 2013 7:46 pm

There is another option - app for the CSP then transfer all but 500 which they require you to keep on any card to the CSP from your CS.

swipe_masta
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Postby swipe_masta » Thu May 23, 2013 12:17 am

im_mr_awesome wrote:I'd app for the CSP and keep the CS since it doesn't have an annual fee. Why get rid of an old account just because it's not the one you want? You'll get the rewards points whether you close the CS or not, so I'd keep it. Plus, if it has a decent limit, having it as $0 balance or very near $0 will keep your overall utilization low.


Call me unconventional, but I'm one of those rare people who cancel cards I do not use... The only one I have kept open was my very first card. I get your point tho, but I feel "safer" knowing something I don't use cannot be used.

swipe_masta
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Postby swipe_masta » Thu May 23, 2013 12:20 am

MemberSince99 wrote:There is another option - app for the CSP then transfer all but 500 which they require you to keep on any card to the CSP from your CS.



Are you talking about CL? I was referring to my UR points... It's not really another option tho... It's either I PC or new app... I wish I could just PC and talk my way into the sign up bonus lol.

MemberSince99
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Postby MemberSince99 » Thu May 23, 2013 6:37 am

I also cancel cards I no longer want.

And yes I was talking about the CL, sorry, you want something else out of this. My bad.

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djrez4
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Postby djrez4 » Thu May 23, 2013 11:01 am

I suggest applying for the CSP and swapping the regular CS for a Freedom, if you don't already have one. It's easy to rack up points with both.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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swipe_masta
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Postby swipe_masta » Thu May 23, 2013 11:12 pm

djrez4 wrote:I suggest applying for the CSP and swapping the regular CS for a Freedom, if you don't already have one. It's easy to rack up points with both.


That's a good idea!!! But my greedy self want the Freedom's sign up bonus as well lol.



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