Is the CSP Worth It for Non-Travelers?

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CarefulBuilder14
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Re: Is the CSP Worth It for Non-Travelers?

Postby CarefulBuilder14 » Mon Apr 18, 2016 4:33 pm

TXviking wrote:
kdm31091 wrote:
Tubpbs wrote:I would be surprised if they would let someone do it now...

Last I heard, it was still doable to PC down to the no-fee Sapphire but things may have changed, and even if not yet, it doesn't mean it will be available indefinitely. It's a discontinued product, so I'm sure the life is limited even for PCs.


Very possible. But if I were Chase, I'd keep it around as an unpublished option so I wouldn't risk losing customers who don't want to pay the AF anymore.

Some people like Sapphire for good customer service and no AF, but on a standalone basis the rewards are pretty unremarkable. I suspect most of the demand for Sapphire is from people who want to keep their AAoA up to offset a lot of AF-dodging on other cards - and those people aren't going to spend much on Sapphire, they just want to keep it active. So I can understand if it Chase does away with the card.

*Chase might not advertise a card, but bloggers and enthusiasts share information. If a card isn't advertised, it's basically becomes reserved for savvy and unprofitable customers.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red


Nixon
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Re: Is the CSP Worth It for Non-Travelers?

Postby Nixon » Mon Apr 18, 2016 8:50 pm

CarefulBuilder14 wrote:*Chase might not advertise a card, but bloggers and enthusiasts share information. If a card isn't advertised, it's basically becomes reserved for savvy and unprofitable customers.


One of my AU on it spends around $1,500/mo on it. So most certainly not UNprofitable.
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dragon452
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Re: Is the CSP Worth It for Non-Travelers?

Postby dragon452 » Fri Apr 29, 2016 6:59 pm

As you already see, the first year bonus is very nice. You'll come out $405.00 ahead. You also know that to stay in good graces with J.P. Morgan Chase, you'll need to keep the card another year or two to prove you're not hustling them for the initial rewards. The main question: is it a good card for non-travellers, and occasional restaurant users? My impression is no. For the second year (at the max 2% reward level)...you'll have to spend $4,750.00 (or more) just to pay off the annual fee. THEN, you start earning actual bonus points, and only at 1% for anything other than restaurants & travel related items. So figure out how much credit card spending you are going to do on that one card, and calculate if it pays or not. Personally, I'm on Chase's "A" list (cardholder since 1973, perfect record, high limits, APR under 9.5% and my cards are "charge cards" as the hard credit ceilings were removed many years ago). But I wouldn't want to open a new Sapphire Preferred accout (a five minute phone call), and then risk my A-list status with them by backing out of it too soon because the free annual fee and extra rewards were used up. That's why I converted one of my Freedom accounts to a Freedom Unlimited for 1.5% on anything, anytime with no annual fee, and I can use my other cards to spread out my spending among them.



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