Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 160
Registered: ‎11-03-2009
0

Chase Sapphire vs. Chase Sapphire Preferred

It seems to me that the only difference between the Chase Sapphire and the CSP (apart from stalwart metal vs. comparatively wimpy plastic, of course Smiley Tongue) is the 7% annual points dividend bonus on the CSP.  Is that the case, or have I missed something?  I have the CSP and my annual fee is about to come due.  I'm thinking if that's the only difference, it might be a good idea to try to product change to regular ol' Chase Sapphire, if I do the calculation and the 7% dividend doesn't amount to enough to pay for the annual fee.

 

Which brings me to questions two and three:  Can anyone comment on their experiences with Chase and product changing?  I've been a customer of theirs for about 7 years and currently have 4 cards - 3 personal, and 1 business.  And is it usually a soft pull or a hard pull?


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


Take the FICO Fitness Challenge






Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

I think chase amazon gives better rewards than regular sapphire.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
Posts: 766
Registered: ‎01-16-2012
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

The big difference is transferability. If you drop to sapphire, you lose the ability to transfer ur points to air/hotel partners. For many of us, that transferability is why we have the csp.
In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Regular Contributor
Posts: 160
Registered: ‎11-03-2009
0

Re: Chase Sapphire vs. Chase Sapphire Preferred


webhopper wrote:
I think chase amazon gives better rewards than regular sapphire.

True.  That's actually one of the other cards I have.  It gives the best rewards on gas, groceries, things like that.  I have an AMEX BCP that I primarily use for those things, though, because the rewards are great.  Also, I think the rewards from Chase Amazon are most beneficial for crediting toward purchases on Amazon, aren't they?  That's all I've used them for.  I'm really looking for something where I can use the rewards for travel. 


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


Take the FICO Fitness Challenge






Regular Contributor
Posts: 160
Registered: ‎11-03-2009
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

[ Edited ]

Cdnewmanpac wrote:
The big difference is transferability. If you drop to sapphire, you lose the ability to transfer ur points to air/hotel partners. For many of us, that transferability is why we have the csp.



 

That's one thing I haven't figured out with them.  What's the benefit of transferability vs. just purchasing travel via the UR website?


Starting Score: 732 (EQ)
Current Score: EQ 08 - 837! Whoo!! (5/14/14);EQ 04 - 795! (5/15/14) 748 (TU - 5/21/12); 760 (EX - 4/16/12 AMEX pull)
Original Goal Score: 760+ EQ --> decimated!
New Goal Score: Just keep swimming...


Take the FICO Fitness Challenge






Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

Aside from the metal, the only discernible differences I see are:

 

1.  CSP is 2X dining and travel, whereas Sapphire is only 2X dining.

2.  No 7% bonus for the Sapphire.

3.  CSP has no forex fee, whereas the Sapphire does.

4.  CSP UR points are transferrable, whereas Sapphire's isn't.

 

Those are the main differences.  And, PC'ing from the CSP to a Sapphire is routine for Chase.  It gets more tricky when you're PC'ing from CSP to Freedom, or from UA to Freedom.

Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

Re: Chase Sapphire vs. Chase Sapphire Preferred


lolabelle wrote:

Cdnewmanpac wrote:
The big difference is transferability. If you drop to sapphire, you lose the ability to transfer ur points to air/hotel partners. For many of us, that transferability is why we have the csp.



 

That's one thing I haven't figured out with them.  What's the benefit of transferability vs. just purchasing travel via the UR website?


Moving points to redeem travel from their partners redeeming them prudently and opportunistically will usually net you a better deal than purchasing the same on UR, travelocity, or any other web site.

 

For example, 100K or so points can redeem a business flight on UA to anywhere in Asia.  The same ticket would cost about $3K to purchase through UR, or any other web site you can find.

Established Contributor
Posts: 766
Registered: ‎01-16-2012
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

When you redeem through UR travel, the best you can do is 1.25 cents per point. Used wisely, united miles or hyatt points can approach 3 cents per point. Even sw points get about 1.8.
In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Chase Sapphire vs. Chase Sapphire Preferred

You can use amazon points for travel or for cash back, or statement credit.

Since you already have amazon, why not PC to freedom

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.