Suggestions for my CSP

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lexrj
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Suggestions for my CSP

Postby lexrj » Fri Jan 03, 2014 7:47 pm

What do I do with my CSP(AF will hit in Feb)?
This is my rewards strategy:

BCP - gas with gift cards and groceries
Arrival World - everything else
CSP - What to do with it?

I don't see the need for my CSP anymore, I'm thinking on just PCing to the regular sapphire and thrown in the socks drawer.
Anyone have a better idea?

Facts to consider:
CSP represents 30% of my total CL
AAOA 1.7yr

Thanks!
---------------------------------------
Current in my Wallet
Amex BCP - 25K (02/12)
Barclaycard Arrival WMC - 15K (10/13)

Future
US Bank Cash +

Socks drawer
Crap One Quicksilver - 1.7K (04/11)
CSP - 15K (03/13)

Scores
FICO EX 772 / TU 765 / EQ 762 - (09/14)
AAoA 2.1


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djrez4
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Postby djrez4 » Fri Jan 03, 2014 9:36 pm

If you have no further used for UR, convert to Freedom and get that juicy 5% quarterly bonus cash back. Or, when you get the Ink Bold, combine points.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

MemberSince99
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Postby MemberSince99 » Fri Jan 03, 2014 10:10 pm

Agree with Freedom suggestion. That's what I'm currently planning to do with my CSP before the annual fee is due.

takeshi
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Postby takeshi » Sat Jan 04, 2014 9:55 pm

If you don't see the need then PC, reallocate CL, etc.

samhradh
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Postby samhradh » Sat Jan 04, 2014 10:11 pm

Well, I value the UR points over the Arrival but everyone has their own preference.

I would try to PC to the Freedom as well.
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).

wiivile
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Postby wiivile » Thu Jan 09, 2014 8:45 am

Not sure why you prefer the Arrival over the CSP. CSP gets you some tremendous values via rewards flights. With the Arrival you're paying face value on everything.

For example, with UR points converted to BA Avios, I can fly roundtrip to Brasil for just 50,000 UR points or even better, 15,000 UR points and $450. With the Arrival you'd need about 120,000 Arrival miles! ($1,200 roundtrip tickets face value).

Or I can visit my grandmother in Florida for about 14,000 UR points converted to Southwest Rapid Rewards points (face value would be about $300 so about 30,000 Arrival miles)
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

samhradh
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Postby samhradh » Thu Jan 09, 2014 9:51 am

I decided on the Arrival for these reasons so maybe I'm not alone: higher dividend, lower AF, 2 miles per dollar on ANY purchase vs CSP 2 pt on dining (yes I have to buy the ticket but then I earn miles for it and it takes less miles to write the cost off). Not saying the Arrival will always give you more rewards power but it's definitely better than the CSP in some ways (gets you a FICO score too).
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).



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