Chase has been sending me CSP offers for a long time and normally I just toss them directly in the trash. However, for one reason or another the 50,000 bonus points signup offer after 4K spend in 3 months on my latest offer is really tempting me.
I do a lot of eating out and after housing/bills it's my biggest spend category. I already have the Citi DC for 2% cash back in general, so I realize I wouldn't be increasing my dining out rewards at all.
I also do absolutely zero traveling and have no desire whatsoever to start. I would ONLY use the points for cash back redemption. So in essence it's a $500 signup offer, which certainly is still appealing even without travel bonuses.
I really hate that dining out and traveling seem to be linked in rewards programs. I enjoy frequent dining out right in my own home town thank you very much, lol
So anyway I'd really only be getting it for the signup bonus. The first year's AF is waived and I'd keep it the second year just to avoid coming off as a churner and since it would still be at least comparable to the Citi DC in rewards value to me with the 2X points for resturants. Which means I'd net $405 in signup - which still seems like pretty solid value. I can't imagine keeping it the third year.
I'm not concerned with approval and only have 1 new account in the last 24 months (Citi DC), so the 5/24 rule is no where near relevant to my situation either. The 4K spend also isn't an issue since I can just shift regular monthly bills to that card and meet it without spending anything extra at all.
Normally I don't signup for new cards purely for the bonus, but this one does have me thinking twice. So what do you guys think, is the CSP worth it for non-travelers?