CSP able to PC to CSR after AU bonus?

[Cashbackjunky]

Hey all!

I'm sure you've seen my recent posts about me wanting to get the CSP and being Pre-aporoved in branch for it.

After doing some research, I definitely want to get the CSR for the 50% UR redemption (vs the CSP's 25% UR redemption).

My question is, does anyone know if I can apply for the CSP, add my girlfriend as an AU to get the free 5k UR points then PC to a CSR after riding out the first free year?

Cheers!

[dragontears]

After the first year, yes you could PC it to the CSR (law states that the AF can not increase during the first year so can't PC before then)

[Cashbackjunky]

How would that work with the annual fee hitting on the 2nd year?

I'd be hit with the $95 annual fee of the CSP, would that just be taken off the $450 I'd owe for the CSR?

There is no way around needing to keep the CSP for a year?

I'd like to use my UR points on a trip within the first year at the 150% per point, not 125%

Cheers!

[dragontears]

Nope there is no way to PC to a higher AF card in the first year. We are not talking about a chase policy, this is a federal law.

[Cashbackjunky]

Thank you.
Now to answer the first part:

How would that work with the annual fee hitting on the 2nd year?

I'd be hit with the $95 annual fee of the CSP, would that just be taken off the $450 I'd owe for the CSR?

[dragontears]

Most likely but there have been reports of people not getting hit with the $450 AF until the next time the AF was due. However, these people were months away from the AF due

[Anonymous]

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@dragontears wrote:
Most likely but there have been reports of people not getting hit with the $450 AF until the next time the AF was due. However, these people were months away from the AF due

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That's what happened to me. I PCed my CSP to the CSR in December and was just assessed the $450 AF for the first time for the CSR

[steel_string]

You might want to look into transferring points instead of booking through Chase.

[jawbrkr]

I got my CSP in July 2015. Just before July 2016, the anniversary date, I downgraded to the regular Sapphire (only available via downgrade). So I was able to avoid the CSP $95 fee. January 2017 I PC'd to the CSR. I have no idea when they are going to hit me with the CSR annual fee. I am guessing in July 2017 since that is the anniversary date.

[Anonymous]

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@jawbrkr wrote:

I got my CSP in July 2015. Just before July 2016, the anniversary date, I downgraded to the regular Sapphire (only available via downgrade). So I was able to avoid the CSP $95 fee. January 2017 I PC'd to the CSR. I have no idea when they are going to hit me with the CSR annual fee. I am guessing in July 2017 since that is the anniversary date.

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That's what would I would expect but here's what happened in my case.  Got CSP 12/2014 and was assessed my first AF in December, 2015.  PCed CSP to CSR 12/16 and I expected the AF to hit then but the $450 AF didn't show up until May, 2017 statement.  So I'm not sure how they are doing it exactly.