So I closed my CSP...

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TheLethargicAge
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So I closed my CSP...

Postby TheLethargicAge » Wed Mar 26, 2014 10:52 am

I really had no use for this card (other than the signup bonus), so I transferred the UR points to my Freedom, applied and was instantly approved for the Amazon Visa Signature, and transferred part of the limit to the Freedom and the rest to the Amazon card

The benefits of the CSP didn't warrant the annual fee (not in my case anyway) and the regular Sapphire is a pretty useless card.

So now I'm on the same boat with both Chase and Amex--I have 2 cards from each that cover several different bonus categories but on different rewards programs.

I think this will be my dining card from now on, even though I get 5% with my Cash+, but I just hate using that card for some reason.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)


Patcell87
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Postby Patcell87 » Wed Mar 26, 2014 11:04 am

CSP is is more geared to city-dwellers and heavy travelers in order to take advantage of most of the benefits. It's perfect for me as I often travel and I dine out quite a bit... Congrats on raking in the sign-up bonus though; that's a no-brainer!

Why do you hate using the Cash+? I'd love to look into getting that card, but no branch anywhere near where I live. Maybe on one of my business trips...

linuxmachine
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Postby linuxmachine » Wed Mar 26, 2014 1:42 pm

Patcell87 wrote:CSP is is more geared to city-dwellers and heavy travelers in order to take advantage of most of the benefits. It's perfect for me as I often travel and I dine out quite a bit... Congrats on raking in the sign-up bonus though; that's a no-brainer!

Why do you hate using the Cash+? I'd love to look into getting that card, but no branch anywhere near where I live. Maybe on one of my business trips...


I think even if you travel less frequently, just being able to transfer your points for your once a year vacation is good enough if you accrue a lot of points via the Freedom. I can accrue 40K+ points on the Freedom on a yearly basis. Say I don't even do any transactions on the CSP, but I convert my points to airline/hotel, and I can get 1.5 cents per point. That's an extra $200 value I get for the cost of $95 annual fee. Of course, it really depends on how many points you can accrue and whether you transfer those points for use, but just saying even if you travel just once a year, it could be worth the fee

Patcell87
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Postby Patcell87 » Wed Mar 26, 2014 4:20 pm

linuxmachine wrote:I think even if you travel less frequently, just being able to transfer your points for your once a year vacation is good enough if you accrue a lot of points via the Freedom. I can accrue 40K+ points on the Freedom on a yearly basis. Say I don't even do any transactions on the CSP, but I convert my points to airline/hotel, and I can get 1.5 cents per point. That's an extra $200 value I get for the cost of $95 annual fee. Of course, it really depends on how many points you can accrue and whether you transfer those points for use, but just saying even if you travel just once a year, it could be worth the fee


This is an excellent point. You illustrate pretty much exactly what I do... Pretty much all of my spend goes on the Freedom while travel and dining go on the CSP. Freedom/ CSP is a great combo for UR points, and you can do very well transferring points to partners. And even if you don't transfer, you can take advantage of the 20% discount when redeeming points for travel through the UR portal. In my experience, the prices have generally been good.

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nismoZtuner
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Postby nismoZtuner » Wed Mar 26, 2014 7:47 pm

Dr.Mark would have given up his kidney for that CSP- and you closed it -_-
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
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cashinout
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Postby cashinout » Thu Mar 27, 2014 2:16 am

The CSP is one of the best out there why close it just sock drawer it and use it first fridays get those triple dinning points
Fico 699
Fake - 704
Amex Plat - NSPL
Chase Freedom - 11k
Chase Sapphire Preferred - 13k
Chase Marriott Rewards Preferred - 15k
Chase United Milage Plus Club 15k
Chase Ritz Carleton Card 11k
Discover IT - 9k
Citi AA Advantage Executive Elite - 11k

takeshi
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Postby takeshi » Thu Mar 27, 2014 8:52 am

cashinout wrote:The CSP is one of the best out there why close it just sock drawer it and use it first fridays get those triple dinning points

Best is subjective regardless of topic. OP already stated why it isn't best for the OP.



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