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Blogger
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

Nope, that's what I was saying. I don't deposit $500 at a time, I deposit less, but my $800 total equals more than the $500 required monthly.

 

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
Posts: 665
Registered: ‎08-02-2011
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Re: CSP + Freedom + Checking. Use wisely.

So it has to be a reoccuring direct deposit, and not a one time deposit? In other words, can I make a one-time deposit of $500 or does it have to be bi-weekly or monthly? Sorry for all the questions...just trying to get clarity.

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Blogger
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

Ask as much as you want.

 

It has to be a reoccuring monthly deposit. Whether it is once, twice or twenty times, it doesn't matter as long as at least $500 goes into that checking account over the span of 30 days. If you do it only once, you won't get charged that first month, but then every month after would get charged $12.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
Posts: 792
Registered: ‎08-30-2011
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Re: CSP + Freedom + Checking. Use wisely.

Is the Freedom 10 cents per transaction unlimited?

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Valued Contributor
Posts: 1,486
Registered: ‎08-14-2011
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Re: CSP + Freedom + Checking. Use wisely.

Thanks, but what about the regular Sapphire?

In My Wallet:
AMEX BCE, Citi Forward, Chase Freedom

In My Sockdrawer:
AMEX Clear, Citi Platinum Select, US Bank Platinum, J.Crew
Valued Member
Posts: 40
Registered: ‎03-13-2012
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Re: CSP + Freedom + Checking. Use wisely.

This was very useful, thanks OP


Starting Score: TU 630 (myFICO)
Current Score: 04/12/12 Walmart TU 650 04/01/12 LendingCLub pulled - 648 // 03/18/12 Ex - 610
Goal Score: ALL 3 700 by end of 2012


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Established Contributor
Posts: 839
Registered: ‎10-25-2011
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Re: CSP + Freedom + Checking. Use wisely.


flowfaster wrote:
Is the 10 cents per transaction limited? In the other thread someone says 10 per transaction up to only 100.

Yes unlimited.
The thread you read is here: http://ficoforums.myfico.com/t5/Credit-Cards/sapphire-vs-freedom/m-p/1355545#M376408

And I clarified what he was saying, I'll refer you to that thread to get clarity.

 

@ ptr2593:

The regular sapphire is geared towards people who eat out at restaurants a lot. 2% cash back on that. The main CSP benefit is the 20% discount on travel and being able to transfer rewards to a participating airline which the regular sapphire does not have. If you did have a regular sapphire it should only be used on restaurant purchases $11 or higher. Not much of a combo benefit with freedom + checking.

 

@ searchfor67 and others who still need clarification on direct deposit requirement. Frugalrican has it right. As long as you direct deposit to your account that total more than $500 each cycle period. Although you get 2 months free with no requirements not 1. Examples:

 

1. You get paid social security once a month that is $600. Fee waived.

2. You get paid $125 per week (total $500). Fee waived.

3. If you get paid $500 one payperiod, and $400 the next..total $900. Fee waived.

*If you have direct deposits that do not add up to $500 per cycle or more then your account is not free unless you can meet another qualifier.

 

@ topher227:

It's totally worth changing your direct deposit..again. Espeically in the long run. Or simply keep $1,500 in the account daily and that waives the direct deposit requirement. Given that you have $1500 you can just leave in a chase checking. Another option; just split your direct deposit. Example: if you get paid bi monthly, split $250 each pay period. Weekly? ..$125 each check. Add your other bank as an external account on chase.com and transfer money between your two banks free of charge.

 

@ everybody

Appreciate all the thanks and views. I'm hoping this thread is useful enough to be stickied. I'm trying to give back to the myfico community for the help I've received here.

I'm a personal banker and do a lot of auto loans serving the Houston area.
I suggest first time car buyers to read the sticky guide in the auto loan section.
I try to check these forums often, but if I missed your post, please feel free to message me with a link to it.
Blogger
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

Bumping up, it's a great read.


CSP is what I'm gunning for in a few months once the dust settles from a busy 2012.

I originally wanted the Chase United MileagePlus but things have changed in the last week.

 

I'd get a better deal from the CSP and combining my Checking/Freedom with the CSP.

 

I wonder what the math is on how much dining you would need to do to cover the annual fee?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
Posts: 720
Registered: ‎08-14-2008
0

Re: CSP + Freedom + Checking. Use wisely.

I've had the 10+10 benefit on my Freedom card for a while now and it is a GREAT program.  If you use it for everything the points really add up quickly.  I just converted my regular Sapphire to a CSP and the ability to transfer points to Southwest or United is gonna be great.  I can now get rid of my Southwest card and avoid the AF.  PLUS!!  The CSRs for the Sapphire card are exceptional.  Each and every time I have called them they have been WONDERFUL!!  Chase, despite their CLI issues, has some of the best CCs out there and the UR program is the best I've seen.

CCs: Chase Freedom VS 12.9k, CSP VISA Sg 13k, BofA Amex 24.5k, Discover 12.5k, US Bank Cash+ Visa Sg 17k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom VS 10k, Costco Amex 12k, BofA CR VS 5k, Amex BCP 13.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 8k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase Hyatt VS 8k, Citi Simplicity 13.3k, PayPal MC 7.5k, BBVA Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 16.3k, C1 QS Visa 11k, FRN MC 15k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Arrival WEMC 10k, Ebates VS 8k, Orbitz VS 12k, NASA V 30k, USBk FP VS 17k, DC 30k, VirgAm 15k, Sams MC 15k, Amex Bz Gold, Amex SC 10k, BofW Bz MC 18k
Blogger
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

You're telling me, CSP would be my third card with them.

I feel so cheap.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

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