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I have a couple of trips coming up, as well as a couple of big purchases that I want to leverage a spend on. I have some cards falling off in regards to 5/24 from chase..so as of today..I have gotten 2 cards in the past 2 years. My question is what card should I start out with on Chase?
I have already Chase Freedom, Marriot, IHG, Amazon,Hyatt
With the Chase Ink there is a 80k bounus versus the CSP and CSR 50k bounus..
I am thinking at least 2 chase cards for 2018..cause I only have enough of a spend for 2 ..so I would get 1 card now..and then probably mid year get the next card ..in theory
The CSP is the better deal only in the first year when its annual fee is waived. In the second and subsequent years, the CSP and CSR each recoup their annual fees after about $3400 of travel and dining spending (taking into account the $300 travel credit on the CSR). Once you spend more than $3400, the CSR is the clear winner. The CSR also has other perks that I didn't factor into the comparison. (I don't own a business, so I'm not eligible for the Ink cards and am not familiar with their rewards structure.)
Someone correct me if I am wrong, but I thought the necessary gap between Chase Sapphire sign up bonus is measured in years, not months. Meaning, one could not expect to get two Sapphire bonuses in the same year.
Just curios since I cant find an answer and didnt want to make a new thread
Does the CSR offer priority pass the second year ? Or is that just a first year perk ?
wrote:Just curios since I cant find an answer and didnt want to make a new thread
Does the CSR offer priority pass the second year ? Or is that just a first year perk ?
You get to keep the PPS membership as long as your CSR account remains open. A new PPS card will be automatically sent to you when the old one expires, according to a post at FlyerTalk.
@Anonymouswrote:
CSP wins over CSR in year 1 cuz the annual fee is waived and you get a bonus with a (free) authorized user, you can always upgrade to CSR in year 2+. But some will want the extra perks of the CSR and don't intend to get the Citi Prestige or Amex Platinum as well (on that note, the Ameriprise Amex Platinum has no sign up bonus and waives the annual fee in year 1! Great opportunity to try the card and go with CSP in year 1. You can decide if you want to keep or cancel the Platinum in year 2 and upgrade CSP to CSR or not).
The Ink Preferred is a great card too, I'd suggest getting it and the CSP. If you apply for the Ink Preferred in branch with a Business Relationship Manager, you supposedly can get the 100k bonus offer that way.
Personally, I got the CSP and will likely keep it at that, and 2 months before that I got the Ink Preferred, but will downgrade it to the Ink Cash in year 2+ for no annual fees and better cash back rates.
If one does anything resembling frequent (and/or expensive) traveling and dining out, the CSR is going to win out quickly even in the first year, AF waived on the CSP or not. For example, for the average person who spends even $10,000 on dining/travel in the first year and uses just the (horrible) redemption value of 1.5 cpm via the chase portal, the extra 10,000 UR earned with the CSR plus the $300 travel credit nullify the AF, making it $0 like the CSP. For someone who transfers URs to mileage partners, that threshold can go down even more quickly. The additional insurances on the CSR, though difficult to value for many, may also be a driving factor for the frequent traveler.
For someone who needs to use non dining/travel to meet even the sign-up bonus spend (appliance purchase, rent, etc) or does infrequent travel/dining spend on either card, the statement that the CSP wins certainly is true.