trainypooh wrote:curious as to why people have both the CSP and BCP? I'm interested in both, just wondering how people are utilizing both.
FYI- I also have Discover IT and Chase Freedom, will both of those cards work synergistically with my current cards?
The CSP and BCP are entirely different cards. Chase vs AmEx. Points vs Cash. Dining and travel bonus vs Grocery and gas bonus. Etc, etc, etc. Having both makes total sense if your spend justifies the annual fees.
Yes, having the CSP, BCP, Freedom, and it makes sense if you are OK with managing your earnings/spend over four cards and two different cash back calendars. Again, the key is whether your spend justifies the fees (though technically you can always downgrade to CS and BCE). The CSP and Freedom combination is particularly rewarding.
As the veteran posters are fond of saying - and I am starting to see why - at the end of the day we cannot say what works best for you. Only you know what you put on cards, can pay off, are looking to
What I will say is that I doubt you will be approved for the CSP given the credit profile in your signature. My suggestion is to CLI your existing cards (depending on when you got them. Wait six months from opening date. Be prepared for a "No" from Discover). Do not cancel your Quicksilver and bank cards. Apply for the BCP. Do the CLI on the AmEx when appropriate. Then, if your CL are high enough, try for the CSP. Then, if you do not mind the impact on your AAoA, you can cancel your Quick and bank cards.
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).