Cancelling CSP

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
18 posts
popamode72
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Postby popamode72 » Wed Dec 31, 2014 2:27 pm

MB131174 wrote:Almost true. I hadn't used my Marriott card for over 5 months and I still had to keep $500 on it when I transferred the credit line to another card. I closed it, but still, wasn't able to transfer the full line despite no use in almost half a year.


I see. I was going by what the SM reps were telling me. They were also the ones that did my CL consolidation. The CS over the phone couldn't do it at all.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)


marzbarz
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Postby marzbarz » Wed Dec 31, 2014 6:24 pm

MB131174 wrote:Almost true. I hadn't used my Marriott card for over 5 months and I still had to keep $500 on it when I transferred the credit line to another card. I closed it, but still, wasn't able to transfer the full line despite no use in almost half a year.


This is correct, now I can recall; I had to leave $500 on the CSP before I closed it.
AMEX Blue Cash: $23,500
CITI Doublecash (World Elite MC): $11,200
CAPONE Quicksilver (VISA Signature): $12,500
CHASE Freedom (VISA Signature): $20,000
USAA Rewards (World MC): $13,500
USAA Rewards (VISA): $18,500

dragon452
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Postby dragon452 » Wed Dec 31, 2014 8:36 pm

When Chase announced it was dropping Freedom Mastercard, I was informed by a Chase CS supervisor that they would issue me a Freedom Visa Signature card as a replacement, with the same limit and interest rate. The thing is, I already had a Freedom Visa Signature card (I have two very old accounts with Chase). I asked them what other kind of card I can change to, and the supervisor said I can have any type of personal card account they offer. But not being a traveler anymore, or a car rental or frequent restaurant customer anymore, having the Sapphire Preferred with its fee (and no bonus points offered because this was a product change), I saw no reason to have one AND pay a yearly fee. I still have two Freedom Visa Signature cards. But if you still want two different types of accounts, why not get a regular Sapphire card instead of the preferred?

popamode72
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Postby popamode72 » Wed Dec 31, 2014 8:37 pm

I heard the regular Sapphire was discontinued. Is it still possible to downgrade from a CSP to a CS though?
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

dragon452
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Postby dragon452 » Wed Dec 31, 2014 9:05 pm

popamode72 wrote:I heard the regular Sapphire was discontinued. Is it still possible to downgrade from a CSP to a CS though?

I just called Chase Customer Service to ask about that: the gentleman said that the regular Sapphire is still being offered (that's what he said), and anyway, if you had a Preferred card, you could downgrade to the regular card. Good show!

pac4toon
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Postby pac4toon » Thu Jan 01, 2015 12:46 pm

Happy new year! Thanks for all your input. I'm probably just gonna downgrade my CSP to a CS. No AF right?
In my wallet:
AmEx PRG/ BoH Hawaiian Airlines WEMC / Chase Freedom /

In my sock drawer:
AmEx HHonors & BCE

popamode72
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Postby popamode72 » Thu Jan 01, 2015 9:13 pm

pac4toon wrote:Happy new year! Thanks for all your input. I'm probably just gonna downgrade my CSP to a CS. No AF right?


Yes, there's no AF on that card.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Jan 03, 2015 10:44 pm

Even if you can switch from a CSP to a no-AF CS, it's hard to say how long it will be until all CS cards are closed. Chase has sometimes had a 'zombie' card hang around for a long time.

If you already have cards from Hilton and Hawaiian Airlines, then then need for a CSP might be greatly reduced if those companies are getting most of your travel spending, anyway.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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