MemberSince99 wrote:Also don't forget the 7% annual dividend bonus. With any decent spend at all, that should cover the annual fee.
I think you're still confuzzled about the dividend; it doesn't amount to much. Chase gives you 7% of the points you earned, not an extra 7% of the money you spent.
If you spend $10k at 1x and earn 10k points, your dividend is 7% of 10k - 700 points or $7.
It's decent. Remember, making up for the annual fee is all fine and good, but you want the card to earn rewards for you, not just pay its own fee. Think about it this way:
CSP - $10k spend at 2x = 20k points. Subtract the $95 fee (9500 points) and you end up with 10,500 points ($105).
CS - $10k spend at 1x = 10k points. No annual fee to subtract, so you end up with 10,000 points ($100).
Would you pay $95 for 500 points ($5)?
To make the math work, you need to spend at least $14,500. That's just come out $95 ahead of the regular CS. And, recall I'm saying all of the CSP spend is 2x and all of the CS spend is 1x. That won't be the case. Assume about $20,000 total spend to make the CSP worth it.
UNLESS: you value the ability to transfer points to airlines and hotels. You can't do that with the CS. That may be worth the price of entry. You may also consider that the 40k bonus points sort of pay the fee for four years.
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