Should I get the CSP?

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sj632
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Should I get the CSP?

Postby sj632 » Tue Nov 26, 2013 6:43 pm

A little background information:

29 y/o
Income 80K+
Two chase freedom (One signature) with CL of 6600/6500.
I also have a Amex that I use for Costco and a Target Card
Credit score would safety say 799 middle score.
Never carry a balance always pay in full
Last time I went to chase they said I was preapproved I think for any of the three Slate, CS and CSP.

The reason I am looking to do this is to get a card with a higher limit I am guessing that I can get approved for prob 12k+. I also would like to take advantage of the 40k in bonus points and hope to travel more in the coming years. Plus having a 0% for a few months would be nice to do.

Please give me some insight to make a reasonable choice

Thanks in advance.


Robrus1
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Postby Robrus1 » Wed Nov 27, 2013 5:49 pm

If you think it benefits you. If you travel and dine out, then it's right up your alley. It is a great card IMHO.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

PhoenixDown
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Postby PhoenixDown » Wed Nov 27, 2013 6:06 pm

You can also ask them to transfer the credit line on the non-siggy freedom over.

MemberSince99
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Postby MemberSince99 » Wed Nov 27, 2013 6:08 pm

You've pretty much already laid out what you are looking for. In the end only you can decide if it's worth it. I don't think we can tell you any more than you've already considered, other than as suggested if a higher limit is the most important thing, move it from one card to the other.


I would say go for it, but only you can make that call.

Gamma
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Postby Gamma » Wed Nov 27, 2013 6:18 pm

Assuming you have no negatives and have a decent aaoa, you have a good shot at the csp. Keep in mind that the csp does not come with 0% intro period. Also, you should apply for the 50k csp offer currently going right now. You also get 5k extra points for adding an authorized user. Annual fee is a bit higher (125) rather than the regular one offered. If you plan to keep it for one year only and canceling before the annual fee, apply for the 50k offer, otherwise apply for the 40k offer so you don't pay a higher fee as years go by.

sj632
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Postby sj632 » Wed Nov 27, 2013 6:28 pm

Thanks for all the insight.

How does the credit transfer work and would it affect my credit score? is it considered closing an account?

samhradh
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Postby samhradh » Wed Nov 27, 2013 9:42 pm

The Freedom and CSP are a great combination so it's not a bad idea. If you just desire a higher credit limit, though, why not try combining your Freedoms or asking for a CLI on your Signature one?

It really only makes sense to get the CSP if you see yourself as a match for its travel & dining rewards program. Make sure you can realistically meet its spending requirements for the bonus. Personally, $3K in three months would be impossible for me without gaming the system.

Plenty of cards out there offer travel benefits for a lower annual fee if you just want to make travel easier.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

mdl28
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Postby mdl28 » Wed Nov 27, 2013 11:15 pm

maybe you should
MDL

Amex Gold Prem'r
Amex BCP
Amex Green
Barclays Ring Platinum MasterCard
Citi Diamond Pref'd
Chase Sapphire Pref'd Visa Signature
Chase Freedom MasterCard
Discover It
New York Life Visa Signature

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Victorleo
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Postby Victorleo » Thu Nov 28, 2013 10:13 am

mdl28 wrote:maybe you should


Go for it, and enjoy the card.

sj632
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Postby sj632 » Fri Nov 29, 2013 2:14 pm

Hello,

I tried post a reply a few days ago but for whatever reason the mods never let it post.

So I put a lot of thought into and wanted to give you all an updated. I pulled the trigger and just got back from Chase. I was instantly approved for 16k, with that the banker suggested that I combined the two freedom CL into the freedom with signature.

I did asked what the difference was between the one with and without signature. He made a call and the person he spoke with said the only difference was the credit limit. Never mention if the signature had benefits or not. I found that to be odd.



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