11-09-2012 12:22 PM - edited 11-09-2012 12:23 PM
I had read on another website that said I can transfer point to a Chase Ink card instead of CSP and I will get the same bonus point value. Is this correct? Can anyone confirm this? Thanks.
Edit: I would hate to apply for a CSP now since I have already been approved for 6 cards in the last month.
11-09-2012 12:30 PM - edited 11-09-2012 12:30 PM
What do you mean? 10/10 bonus is strictly for Chase Freedom.
You can transfer UR points earned on Freedom to CSP or Ink series (excluding Ink Cash). If you want to transfer UR points into airline miles you need CSP, Ink Bold, or Ink Plus.
11-09-2012 12:40 PM - edited 11-09-2012 12:42 PM
Thank you for your reply. I do have the Ink Bold so this mean I can transfer my Freedom UR points and I will still get the came benefit as the CSP?
Same benefit as in converting UR points to airline miles, yes. Keep in mind that business credit card does not have the same liability protection as a personal credit card. You also don't get 7% annual bonus on Ink Bold like you would on CSP. That and couple things like concierge service, etc.
11-09-2012 12:45 PM
Same benefit as in converting UR points to airline miles, yes. Keep in mind that business credit card does not have the same liability protection on a personal credit card. You also don't get 7% annual bonus on Ink Bold like you would on CSP. That and couple things like concierge service, etc.
I really don't care for the protection as much but not getting the 7%, I will be loosing out. Would you say it's worth it to go ahead and get the CSP? Does the 10/10 transfer the same to the regular CS card?
11-09-2012 12:51 PM
If you travel a lot (which you should be, otherwise you wouldn't get Ink Bold), CSP is a worthy addition. 7% annual bonus is on points earned on CSP directly. So 1.07x or 2.07x of UR points earned on CSP. Ink series only covers hotel spending, whereas CSP covers all forms of travel (airline ticket, hotel, bus ticket, rental, etc).
10/10 bonus is on Freedom, which is just additional UR points. You can trasfer these UR points to other credit cards just fine.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.