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CSP + Freedom + Checking. Use wisely.

Super Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

Just checked my UR rewards statement summary:

 

Points earned on purchases470
10% Bonus Points per $1 You Spend47
Bonus 10 Points on Every Purchase270
Bonus from 5% categories: Jan - Mar201

 

Pretty cool how it's itemized like that to show you exactly how it's working.


The 10% bonus and 10 Points is from the Freedom and Checking 10/10, right?

 

So, you made 27 purchases on the Freedom for the 270 bonus points?  And, you get 10% bonus on those purchases along with the 10 points per purchase?

Message 41 of 113
Valued Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

Just checked my UR rewards statement summary:

 

Points earned on purchases470
10% Bonus Points per $1 You Spend47
Bonus 10 Points on Every Purchase270
Bonus from 5% categories: Jan - Mar201

 

Pretty cool how it's itemized like that to show you exactly how it's working.



Thanks for this statement. It shows exactly how they do their calculations. I was wondering if they gave the 10% bonus on the net purchase amount or the net points amount (including the 10 pt fixed bonus). It's clearly the former.

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)
Message 42 of 113
Valued Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

bribro wrote:

FrugalRican, it's fairly hard to justify the $95 CSP AF from a breakeven points perspective, since the regular (non-AF) Sapphire already gives you that 2x on travel and restaurants.

 

For me, the value of the CSP comes from the ability to do 1:1 transfers to airline partners. For instance, points are worth ~$0.02 on Southwest. So if you keep your CSP to travel/restaurant purchases, as you should when using the Chase trifeca, you're getting $0.0428  for $1 spent (a 4.28% points yield) in SW travel value . The no foreign transaction fee, Visa Signature concierge, and 40k bonus points make it a no-brainer. The metallic card is also nice too. Smiley Happy



Agreed.

I already have a No Forex and Visa Sig concierge with the Hyatt VISA, but it never hurts to have a second card with it.

I'd definitely be transferring to United though. Love the option.

 

Love that I can transfer even points I pick up on my debit card towards the CSP.



I just edited that post, since I forgot the CSP has 2x on travel but regular Sapphire doesn't. So, you'd have to spend >=$9,038.47 on travel alone to justify the $95 AF. But again, that's not the whole picture.

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)
Message 43 of 113
Blogger

Re: CSP + Freedom + Checking. Use wisely.

Yep, just counted. 27 purchases for that statement period.

And yep, I have the 10/10.

 

To be honest, I'm even more convinced now to just mostly SD my BCE. I've only been using it so that it looks pretty for the upcoming 61 day CLI, but after seeing this itemization, why would I use anything BUT the Freedom?

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)

Message 44 of 113
Super Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

Yep, just counted. 27 purchases for that statement period.

And yep, I have the 10/10.

 

To be honest, I'm even more convinced now to just mostly SD my BCE. I've only been using it so that it looks pretty for the upcoming 61 day CLI, but after seeing this itemization, why would I use anything BUT the Freedom?


With your set up, the only reason to use the BCE would be for the 3% on groceries.

Message 45 of 113
Blogger

Re: CSP + Freedom + Checking. Use wisely.

So technically, if for 30 days, I spent a dollar a day on coffee, I'd be getting 333 points from just that:

 

30 Points on Purchases

3 10% per 1 Spent

300 Bonus 10 Points per Purchase

 

And I'd get a little bit more, if I'm buying coffee from a Wawa (Gas station) during the 5% cashback quarters.

 

Any other card, I'd be getting just 30 points for 30 dollars worth of coffee.

With the 10/10, I'm getting 333+.

 

Does this look correct?

 

 

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)

Message 46 of 113
Blogger

Re: CSP + Freedom + Checking. Use wisely.


Open123 wrote:

FrugalRican wrote:

Yep, just counted. 27 purchases for that statement period.

And yep, I have the 10/10.

 

To be honest, I'm even more convinced now to just mostly SD my BCE. I've only been using it so that it looks pretty for the upcoming 61 day CLI, but after seeing this itemization, why would I use anything BUT the Freedom?


With your set up, the only reason to use the BCE would be for the 3% on groceries.


And in non-grocery quarters. Right now it's Grocery quarter in Chase.

This has been a sad revelation for the BCE.

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)

Message 47 of 113
Super Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

So technically, if for 30 days, I spent a dollar a day on coffee, I'd be getting 333 points from just that:

 

30 Points on Purchases

3 10% per 1 Spent

300 Bonus 10 Points per Purchase

 

And I'd get a little bit more, if I'm buying coffee from a Wawa (Gas station) during the 5% cashback quarters.

 

Any other card, I'd be getting just 30 points for 30 dollars worth of coffee.

With the 10/10, I'm getting 333+.

 

Does this look correct?

 

 


My understanding is that you will get 303 points.

 

30 purchases X 10 = 300

30 @ 1$ = $30 X 10% = 3

 

For 303. 

Message 48 of 113
Blogger

Re: CSP + Freedom + Checking. Use wisely.

I'll take the 303 over the 30 any day.

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)

Message 49 of 113
Super Contributor

Re: CSP + Freedom + Checking. Use wisely.


FrugalRican wrote:

I'll take the 303 over the 30 any day.


Heck yea!

 

I buy coffee 3 to 4 times per day for myself and associates.  That alone will make this worth it for me.

 

PS - Until now, I was using my Zync for 2X points for personal coffee & restaurants for the MR Points, but now I'm seriously considering changing this to Freedom/CSP combo.

Message 50 of 113