CSP bonus point

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RRMATT
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CSP bonus point

Postby RRMATT » Sat May 31, 2014 12:25 am

So this is a really dumb question couldn't find the answer on chases site

So I just got a CSP this month, they have there promo going on for spend 3k in the first three months. My question is can i revolve aka not pay the 3k all at once? or does the 3k has to be paid all up front to get the bonus points.

Thanks


haikuginger
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Postby haikuginger » Sat May 31, 2014 6:15 am

RRMATT wrote:My question is can i revolve aka not pay the 3k all at once?


Sure. But it'd be really, really stupid.

Battery111
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Postby Battery111 » Sat May 31, 2014 9:45 am

RRMATT wrote:So this is a really dumb question couldn't find the answer on chases site

So I just got a CSP this month, they have there promo going on for spend 3k in the first three months. My question is can i revolve aka not pay the 3k all at once? or does the 3k has to be paid all up front to get the bonus points.

Thanks


Remember that the money you pay in interest tends to cancel out any value of points earned. Now, with the 40k bonus and depending in how long you revolve how much, it's hard to say how much it would cancel out (not hard to say, I just don't want to do the math).

I obviously don't know you or your spending habits, but generally 1K per month for three months is a very easy and attainable goal. If you're using your debit card for purchases, don't. Use the CSP instead, and let that money sit in your bank account. Then at the end of the month, all that money you didn't spend on your debit card goes to pay off the CSP instead. It just takes more discipline.
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RRMATT
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Postby RRMATT » Sat May 31, 2014 12:31 pm

Battery111 wrote:Remember that the money you pay in interest tends to cancel out any value of points earned. Now, with the 40k bonus and depending in how long you revolve how much, it's hard to say how much it would cancel out (not hard to say, I just don't want to do the math).

I obviously don't know you or your spending habits, but generally 1K per month for three months is a very easy and attainable goal. If you're using your debit card for purchases, don't. Use the CSP instead, and let that money sit in your bank account. Then at the end of the month, all that money you didn't spend on your debit card goes to pay off the CSP instead. It just takes more discipline.



Ah you make a great point. Well I use this for my work expense card. I don't ussaly get reimbursed for the money I spent til 45 days after I submit an expense report.

I guess I should have been more clear with that. I don't think I would ever revolve two months of charges.



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