Michael wrote:Here is the question: If we wanted to consolidate our spending on to two credit cards and do [U]NOT WANT TO APPLY FOR ANY NEW CARD[/U], should we concentrate our everyday spending on Chase Freedom, or product-trade for Chase Sapphire Preferred, in order to maximize travel benefits, for maybe one or two trips annually?
Does UR transfer to airlines that you could use for the trips you have in mind?
Michael wrote:I am familiar with the Ultimate Rewards Mall, but cannot decide which card, Freedom or Sapphire, will give more travel value for us if we are moderate travelers. I already know about the benefit of having both cards, but will either leave Freedom alone, or convert it to Sapphire, because I do not want any more hard hits.
"Moderate" doesn't really mean anything. Everyone assumes that they're average, moderate, etc. You need to run the numbers for your spend and consider how redemptions impact point value. Freedom doesn't transfer so it's limited to cash back which restricts the potential value of the UR points.
I know you want to put all your eggs in one basket but I'd suggest keeping grocery spend on your BCP. 6% (minus AF) is tough to beat even if you're transferring points. All your other spend can go towards accruing UR points.
If you are intending to focus on UR points then I would strongly suggest apping for the CSP. 40K is a lot of points to miss out on. Are hard pulls your only concern for new cards? HP's really don't have that much impact unless one has a thin/poor profile. If you want to manage number of cards you can close the Freedom.