what to do: CSP vs SW Rapid Rewards

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matt21484
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Location: St. Louis

what to do: CSP vs SW Rapid Rewards

Postby matt21484 » Wed Jan 02, 2013 11:29 pm

I recently got an offer from southwest for rapid rewards card + 50000 bonus points & a 6000 point bonus every year. Yearly fee is $69.00. My family (wife, 2 yr old who has to pay full price, + infant) fly southwest at least once a year to Florida from St. Louis via southwest. Usually we end up taking 2 trips, once w/ the whole family and the other just the wife and I. So big question, is the CSP card a better value/deal when I'm concerned mainly w/ airfare/car rentals. The CSP card offers 40,000 bonus points at sign up, first year is free ( $95 afterwards) and it appears I can transfer points on a 1:1 scale to SW. If this is the case, I'm leaning toward CSP, but am willing to listen if someone wants to talk me out of it.

*Forgot to mention that the CSP offers a 7% bonus each year.
Cards:
PNC Everyday Rewards Visa ($12.5K - 2006)
Macy's store charge ($700 - 2009)
Amex Blue Cash Preferred ($10K - 2011)
Chase Sapphire Preferred Visa ($5K - Jan 2013)


MemberSince99
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Location: WI

Postby MemberSince99 » Thu Jan 03, 2013 6:33 am

I wouldn't dream of talking you out of it, I think your thinking is right on the money here (literally). It's 26 dollars a year more that you'll easily get back in the rewards. Plus if you already have Freedom and a checking account with Chase you get extra perks I believe, if they are still doing that, can anyone confirm that's still the case?

Anyway I think you are right with the CSP.

peaches
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Postby peaches » Thu Jan 03, 2013 8:40 am

Congratulations on your cards!

I thought that the current promotion is only 25,000 bonus miles. Is there a better offer out there somewhere?

Robrus1
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Location: Texas

Postby Robrus1 » Thu Jan 03, 2013 9:40 am

I agree with 99. My vote is for the CSP. You are correct about the points transferring at 1:1. Also you get 2X points on dining, which includes coffee shops and fast food. It's a great card.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

matt21484
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Location: St. Louis

Postby matt21484 » Thu Jan 03, 2013 9:56 am

Thanks for re-assuring me. I just applied and got approved instantly! Can't wait for 7-10 days to pass. :)
Quick question though, I need to be booking a hotel by Jan 19, can I do this sooner and use this new account before my card arrives so I can get the 2x points? Or do I have to wait for the card? I'm worried that all of the rooms will be full or the cheapest room ($215/night) will be gone.
Cards:
PNC Everyday Rewards Visa ($12.5K - 2006)
Macy's store charge ($700 - 2009)
Amex Blue Cash Preferred ($10K - 2011)
Chase Sapphire Preferred Visa ($5K - Jan 2013)

matt21484
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Posts: 11
Joined: Wed Aug 03, 2011 12:33 pm
Location: St. Louis

Postby matt21484 » Thu Jan 03, 2013 11:03 am

peaches wrote:Congratulations on your cards!

I thought that the current promotion is only 25,000 bonus miles. Is there a better offer out there somewhere?


Sorry, I didn't see this earlier, I followed thislink which takes you to a landing page stating 40,000 bonus points. Granted this is for the Preferred card, not the regular card.
Cards:
PNC Everyday Rewards Visa ($12.5K - 2006)
Macy's store charge ($700 - 2009)
Amex Blue Cash Preferred ($10K - 2011)
Chase Sapphire Preferred Visa ($5K - Jan 2013)

Robrus1
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Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Thu Jan 03, 2013 2:35 pm

matt21484 wrote:Thanks for re-assuring me. I just applied and got approved instantly! Can't wait for 7-10 days to pass. :)
Quick question though, I need to be booking a hotel by Jan 19, can I do this sooner and use this new account before my card arrives so I can get the 2x points? Or do I have to wait for the card? I'm worried that all of the rooms will be full or the cheapest room ($215/night) will be gone.


I would call Chase tomorrow or maybe wait 'til Monday and ask them.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

gmc
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Location: Cleveland, OH

Postby gmc » Thu Jan 03, 2013 9:00 pm

When I book a hotel, it's been my experience that they don't bill you until you check out and just use the card you provide to hold the room until then (I've even had some hotel reps ask me if I wanted to use the "card on file or a different one" when I checked out.

It this is true here, you could book the room now with a different card and just use the other one to pay at the time of check out.

Money card
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Location: New York state

Postby Money card » Sat Jan 05, 2013 12:01 am

yes it is true. let's say for example your going to be staying at a Marriott, you give the person at the front desk your chase sapphire card
when checking out they ask you do you want to leave it on the sapphire, you can tell them you either want to pay cash if you have all of the money or you can use a different card like the southwest .

nishant
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Location: Chicago

Postby nishant » Sat Jan 05, 2013 11:47 am

Chase Sapphire rewards are superior to SW rapid rewards cards.



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