wiivile wrote:The UR points would be worth more than the $400 cash back due to their redemption values at airline partners. Just wondering, why do you have both the CSP and the Cash+? Shouldn't you put your restaurant spending on the CSP? Why carry a card with that annual fee if you're not going to put that bonus spending on it?
First, I don't think that CSP is better than US Bank Cash + for restaurants. CSP is doing 2X points on restaurants, which is basically 2 cents on every dollar, or 2%. US Bank is doing 5% on categories capped at $2000 per quarter (still a good deal). Buying travel from Ultimate Rewards gains you a 20% discount on using your points, but you're never going to approach the raw dollars you get from US Bank, not to mention the extra $25 per $100 redeemed, per year.
Now why do I have the CSP? Admittedly I was a little greedy in 2013, "the year of the app". After saying I wasn't going to get a CSP since I thought it was the least beneficial card of all the targets I had, Chase snagged me last May with a 40,000 points offer but only having to use it for $2000 worth of buying in a 3 month period (versus the $3000 most people have to do). Doing $2000 worth of spending is pretty easy for me...accomplished in 2 months from spending largely poached from my Fidelity Amex. And I knew it would be easy to combine those points with the points we already had. So now I have about 67K points to spend between the 40K bonus and years of point accrual on our Chase Freedom card, which I'm going to use for a family Christmas gathering trip.
But late next Spring, I'lll have a decision to make...do I keep the Sapphire Preferred and swallow the $95, or do I downgrade to the Sapphire (no AF) or do I cancel altogether (and just roll my CL into the Freedom card). This was one of the reasons I hadn't planned on app'ing for this card...most of my other cards don't have annual fees save the Amex Platinum in which I pay that for Delta Sky Club membership (mostly).