Cancel CSP in anticipation of AF?

[Open123]

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@longtimelurker wrote:

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@SnackTrader wrote:
Done. Card is cancelled, credit line (all but $500) is moved to Freedom. Thanks for the input all!

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And maybe in 24 months from opening  you can do it all over again!

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Right, even Chase has decided the "once in a lifetime" sign-up bonus rule was too limiting for client acquisition.  Naturally, the CSP is on my horizon, again.

[joedtx]

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@SnackTrader wrote:
Done. Card is cancelled, credit line (all but $500) is moved to Freedom. Thanks for the input all!

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Never done this before but CONGRATS on your cancellation  . Whatever works best for you is always the right decision.

[Anonymous]

Glad you made a decision and did what was right for you. Whats the line on your Freedom now?

[mongstradamus]

i have been contemplating dropping CSP since i still have ink plus for airline hotel transfers, I know its pretty shallow but i really do like the metal card feel. 

[Anonymous]

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@mongstradamus wrote:

i have been contemplating dropping CSP since i still have ink plus for airline hotel transfers, I know its pretty shallow but i really do like the metal card feel. 

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I want to app for it at the end of the year. Would like a metal card for a year but don't have much use after that for it.

[joedtx]

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@mongstradamus wrote:

i have been contemplating dropping CSP since i still have ink plus for airline hotel transfers, I know its pretty shallow but i really do like the metal card feel. 

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Do whatever works the best for your finances if that means closing the CSP than so be it, also I don't think you are shallow for appreciating a card that both looks and feels like a quality product. I wish I could say the same about my Quicksilver card which has an ok design, but the flimsy second grade plastic is worse than the fake cardboard CC's that come in wallets.

[SnackTrader]

My Freedom line is now $16,500. I will work to update my signature next time I'm on my laptop.

I indeed hope to add this card (and its signup bonus) again. But if it doesn't happen, so be it. The card was excellent while I had it, including the personal touch of the U.S. based CSRs. I don't question anyone who keeps this card past the first year - what a good experience all around.

[noobody]

Got my bonus on 1/10/2013, it has been 26 month, 30K annual spending. should I cancel the card today and reapply tomorrow?

[longtimelurker]

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@noobody wrote:
Got my bonus on 1/10/2013, it has been 26 month, 30K annual spending. should I cancel the card today and reapply tomorrow?

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You could try and it might work, but even a slow analyst on a bad day, on review, might conclude that this happens to look a little like churning!     It's also possible that they would reopen the closed card and not give a bonus.

I would suggest at least a little time between opening and apping.  (You closed it then realized how much you missed it)

[takeshi74]

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@SnackTrader wrote:
Does anyone think this is completely crazy?

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You have to determine what works for you and go with it.  If you're doing that it's not crazy.  The CSP may be popular but no card is one-size-fits-all.  If you don't have a use for it and can't justify the AF then there's no reason to keep it open.