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@SnackTrader wrote:
So I'm about to call Chase and cancel my CSP unless they waive the AF. Right now I don't use the card except to redeem my UR points earned from the Freedom card for 1.25x. The card has lost its value and I don't want to pay the AF for a useless card. My goal will be to get Chase to shift my credit limit to the Freedom unless they are willing to waive the AF (unlikely). Does anyone think this is completely crazy? If so, why?
Thanks!
Not at all crazy, but, as you say, it's very unlikely that they will waive the fee. They will let you move (most or all) of the CL though.
Not crazy at all.
While the CSP is a tremendous value with the 40K/50K bonus and first year fee waived, this value diminishes once UR points have been transferred and the $95 fee assessed. It takes quite a bit of dedicated spending to make the fee worthwhile; spending that could be better allocated towards earning other bonuses.
Worth a try to ask, but I doubt they'll waive the fee. Depending on your usesage and history, they may offer, say, a 5,000 UR retention bonus.
Will they still allow a PC to the non-preferred version?
@longtimelurker wrote:
@SnackTrader wrote:
So I'm about to call Chase and cancel my CSP unless they waive the AF. Right now I don't use the card except to redeem my UR points earned from the Freedom card for 1.25x. The card has lost its value and I don't want to pay the AF for a useless card. My goal will be to get Chase to shift my credit limit to the Freedom unless they are willing to waive the AF (unlikely). Does anyone think this is completely crazy? If so, why?
Thanks!Not at all crazy, but, as you say, it's very unlikely that they will waive the fee. They will let you move (most or all) of the CL though.
This exactly. You can always check to see if they can let you downgrade to the Sapphire non-preferred version (if still available). Otherwise, as lontimelurker mentioned, you can simply reallocate your CL to Freedom.
@SnackTrader wrote:
Done. Card is cancelled, credit line (all but $500) is moved to Freedom. Thanks for the input all!
And maybe in 24 months from opening you can do it all over again!