Every time I want to cancel the CSP and get a flat cash back card...

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
6 posts
wiivile
Centurion Member
Centurion Member
 
Posts: 151
Joined: Mon Apr 22, 2013 10:05 pm
Location: New York, NY

Every time I want to cancel the CSP and get a flat cash back card...

Postby wiivile » Wed Dec 17, 2014 11:42 am

...I find some great deal through their travel partners. Miami to Brasil in March for 20,000 UR points (converted to Avios) and no fuel surcharges. Return trip Brasil to NYC for 30,000 UR points (converted to United miles).

Round trip would have cost well over a thousand dollars. Not bad for 50,000 points.

Anyone else going through the same thing as me? I'm constantly debating abandoning the annual fee travel cards in favor of something like the Citi Double Cash because it is so hard to maximize value of the UR points to more than 2 cents a point.

But then I book myself a nice vacation that makes it seem worth it.

If I had a cash back card like the Citi Double Cash, it would have taken me years to earn enough points to book a round trip international $1,000+ ticket for free. With the CSP, not so.

But is the effort just too much?
    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


takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Wed Dec 17, 2014 1:39 pm

Your call to make. Some have no problem maximizing UR point values. If simplicity trumps that for you then you may want to go cash back. You just have to determine which is the bigger priority for you.

freyj6
Platinum Member
Platinum Member
 
Posts: 82
Joined: Tue Jan 28, 2014 5:29 am
Location: United States

Postby freyj6 » Thu Dec 18, 2014 12:02 am

I've actually found it pretty easy to get a value of close to 2 points on Southwest flights. Double Cash is certainly a lot simpler, but it really isn't that hard to get better value of of Ink Cash/Freedom/CSP.
Current Strategy

Chase Freedom + Discover IT + Churning

yfan
Centurion Member
Centurion Member
 
Posts: 412
Joined: Wed Jul 09, 2014 5:55 pm
Location: San Jose CA

Postby yfan » Thu Dec 18, 2014 1:49 am

I did a quick search and found round trip tickets from Miami to Sao Paulo in March at $789 (if you travel in January, $740), inclusive of taxes and fees. While that's not exactly $500 (50K points), it isn't "well over a thousand" either. Booking on Orbitz using the Orbitz Visa, I would earn 6% back on that ($47.34) to use on a hotel booking. Do you have to pay taxes/airport fees? If so, how much? Add to that the $95 AF.

Sure, it's not the same airlines, but it's still a round trip. :) Point is, there are deals to be had with cash as well.

There's another thing to consider as well: were you planning on a vacation to Brazil anyway in March, or would you have been just as content to vacation in New Orleans were this deal not available to you? In other words, are your vacations grander because of the rewards, and do you want them to be? Yes is a perfectly acceptable answer to both, but is it yours?

Overall, it depends on your goal, the ease of earning points, and the fluidity of spending them. Nothing is more fluid than cash, but sometimes it can be difficult to earn. Point values can be high but non-fluid. It's all about what works best for you.

Darrvao777
Platinum Member
Platinum Member
 
Posts: 84
Joined: Tue Jul 22, 2014 9:23 am
Location: NYC

Postby Darrvao777 » Sun Dec 21, 2014 2:37 pm

wiivile wrote:...I find some great deal through their travel partners. Miami to Brasil in March for 20,000 UR points (converted to Avios) and no fuel surcharges. Return trip Brasil to NYC for 30,000 UR points (converted to United miles).

Round trip would have cost well over a thousand dollars. Not bad for 50,000 points.

Anyone else going through the same thing as me? I'm constantly debating abandoning the annual fee travel cards in favor of something like the Citi Double Cash because it is so hard to maximize value of the UR points to more than 2 cents a point.

But then I book myself a nice vacation that makes it seem worth it.

If I had a cash back card like the Citi Double Cash, it would have taken me years to earn enough points to book a round trip international $1,000+ ticket for free. With the CSP, not so.

But is the effort just too much?


If you like to travel in first class, points tend to easily give you over 2 points in value.

I typically pay for an economy seat and use cash/points to upgrade (mostly on United). For international flights, I've gotten value in excess of $0.05/point

Even for a domestic upgrade (EWR to SFO), I've easily gotten 2.8 cents/point
- Fidelity Visa
- Citi Double Cash
- Amazon Prime Store Card
- Chase Sapphire Reserve

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 3960
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Sun Dec 21, 2014 10:10 pm

I have no airline loyalty and fly coach. With a good book, I can endure the bad conditions.

When issuers offer great bonuses to new members while nerfing a card's benefits for old members, it's just part of the game for savvy consumers to move on to greener pastures.

You're not going to get another CSP bonus, but as long as you keep your Freedom open, you can dabble with other cards and still have some UR points build up for when you can find a use for them and get a new CSP.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 2 guests