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Established Contributor
jefftca925
Posts: 706
Registered: ‎08-14-2008
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Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

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

I feel so cheap.


If you have other Chase "travel-related" co-branded cards (i.e. United, Southwest, Hyatt, etc.) you could cancel those and just have the CSP.  You can transfer UR points to any one of their travel partner programs 1:1.

CCs: Chase Freedom VS 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, 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, Amex Zync, Costco Amex 12k, BofA CR VS 17k, Amex BCP 9.5k, Amex ED 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR VS 44.6k, Chase United VS 13k, Chase Marriott VS 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF VS 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates VS 8k, Orbitz VS 9k, NASA V 30k, USBk FP VS 17k
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

The Hyatt gives me free nights just for having it :smileyvery-happy:

I'll be keeping that one lol

 

But that's one of the reasons why I'm not eyeballing the United Mileage card anymore.

I'm better off just having the CSP.

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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bribro
Posts: 1,367
Registered: ‎04-20-2012
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Re: CSP + Freedom + Checking. Use wisely.

FYI: The exact breakeven point when someone should use CSP over Freedom for restaurant/travel (assuming those aren't 5% categories) is $9.62 and up. So if you go into McDonald's and your total is $10, use CSP, if it's $9.50 use Freedom. Not that it makes much of a difference. :smileyhappy:

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
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Re: CSP + Freedom + Checking. Use wisely.

It still is a good thing to keep in mind.

 

Still wondering about the break even for dining and the annual fee.

9500 points transfers to the $95 fee. Technically, that'd mean spending $9,500 in dining to do that, but seeing as it's 2X, it'd be halved to $4,750 in dining, but with the bonuses, it'd be less. Without the bonuses, it comes down to spending about $92 a week in dining just to cover the annual fee. I don't spend that much or my math is terrible...

 

But technically I could spend a bunch on the Freedom and just transfer points to the CSP to cover for the annual fee anyway.


Things to think about.

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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Open123
Posts: 4,219
Registered: ‎02-23-2011
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Re: CSP + Freedom + Checking. Use wisely.

[ Edited ]

The beauty of this combo is using the Freedom for non-bonus category spending, especially the small coffee, mints, and candy bar purchases.  10 points for a cup of coffee, another 10 for a candybar/mint, and another 10 for paying a $2 parking toll adds up.

 

I can see where this get tiresome, but one could maximize rewards by partitioning all small purchases and non-bonus category expenditures to the Freedom.

 

PS - I think Amex has responded to this concept by offering a new business no fee Blue card that offers 10% MR bonus the first year, then 20% the second year, and 30% MR bonus on the third year onwards; however, there is a no minimum "10pt" bonus concept as there is with the Freedom.

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

Open, do you know if the 40,000 bonus is going to be as good as it gets from here until December?

 

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)

Senior Contributor
Open123
Posts: 4,219
Registered: ‎02-23-2011
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Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

Open, do you know if the 40,000 bonus is going to be as good as it gets from here until December?

 


On the CSP?  Or, do you mean the UA?

 

For the CSP, I think it's 40k for a while.  We may see another 50k in Sep/Oct, but I'd bet the spending requirement goes up to at least $5k for 3 months.  The UA currently is 50K for the first swipe, and $50 statement credit, if you have some miles in your UA Mileage account.

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

The CSP. I'm going to go for the CSP rather than the UMP.

I've nixed the airline card idea. I won't be travelling exclusively through United, so I'm better off with the CSP.

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)

Senior Contributor
Open123
Posts: 4,219
Registered: ‎02-23-2011
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Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

The CSP. I'm going to go for the CSP rather than the UMP.

I've nixed the airline card idea. I won't be travelling exclusively through United, so I'm better off with the CSP.


My guess is the spending requirements will increase.  We're starting to see that now.  

 

For example, the Chase Ink Bold increased the 50k bonus to $10k in 3 months.  Amex has been offering short term bonus offers but requiring a spending of $5k in 4 months.  While bonuses will still be offered, I think it'll be more difficult to meet the spending requirements.

Established Member
Lilybuggy
Posts: 45
Registered: ‎04-23-2012
0

Re: CSP + Freedom + Checking. Use wisely.

Sorry if I missed this but how does the checking account play into this combo.  I get the CSP and CF combo/rewards, etc. but what about banking?


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