Only benefit right now of having the checking is a 10% bonus on points earned with the Freedom every year (which is still pretty nice if you max out the Freedom category points).
@G19OD wrote:
@-NewGuy- wrote:Only benefit right now of having the checking is a 10% bonus on points earned with the Freedom every year (which is still pretty nice if you max out the Freedom category points).
Great, thanks for the update. Now I need to consider if it is worth opening a new checking account and setting up all of my external transfers, again.
There is one other thing as well. Having a Chase checking (and savings) account in good standing seems to help those who apply for their credit cards in the approval / CL department. No numbers to back that up, but user stories on here seem to lean in that direction.
Chase + Freedom = 5.5% quarterly bonuses + 1.1% everything else
With CSP you get 2.14% back for dining and travel all year long.
Essentially to maximize points you'll use the Freedom for it's quarterly purchases + everything else. The CSP you'll use for it's transfer potential and dining (when it's not the 5% quarter).
Starting Score: 673 EQ(2014)
@G19OD wrote:
@Indo wrote:Chase + Freedom = 5.5% quarterly bonuses + 1.1% everything else
With CSP you get 2.14% back for dining and travel all year long.
Essentially to maximize points you'll use the Freedom for it's quarterly purchases + everything else. The CSP you'll use for it's transfer potential and dining (when it's not the 5% quarter).
Gotcha. So Freedom gets charged for everything other than dining/restaurants/eating out and any type of travel (air, train, bus, taxi, boat, etc.)?
Correct. The exception would be when the Freedom has 5% bonus for dining - which just ended.
With a checking you'll get 1.1x for everything compared to the CSP 1.07x. If you don't care much for the 0.03 difference use the CSP more.
