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Established Contributor
wHiTeSoL
Posts: 1,048
Registered: ‎07-09-2013
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Re: Freedom convert to Sapphire Preferred....Can it be done?

Dont do it! I really honestly think the 40k UR points is worth the extra HP! Dont waste the opportunity by PCing to the CSP.


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Super Contributor
longtimelurker
Posts: 6,124
Registered: ‎04-22-2013
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Re: Freedom convert to Sapphire Preferred....Can it be done?

Obviously you know your own situation best, but 40K points is quite a lot to lose against a HP which reduces in impact quickly, and a reduction in AAoA with hard-to-measure consequences.    So the question is what do you plan to gain by avoiding the HP/AAoA hit?  If you are applying for a mortgage in the next year or so, then it makes sense to avoid, not sure of many other cases.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Valued Contributor
p-
Posts: 2,612
Registered: ‎06-05-2008
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Re: Freedom convert to Sapphire Preferred....Can it be done?


longtimelurker wrote:

Obviously you know your own situation best, but 40K points is quite a lot to lose against a HP which reduces in impact quickly, and a reduction in AAoA with hard-to-measure consequences.    So the question is what do you plan to gain by avoiding the HP/AAoA hit?  If you are applying for a mortgage in the next year or so, then it makes sense to avoid, not sure of many other cases.


+1.  500 bucks is five years worth of annual fees.  If you have a major app coming up, be patient and wait until you're clear to app and get the bonus.  Except for the nifty metal card, I'm not sure what makes it better than a Freedom Siggy.

  8-12-14: FICO EXP: 797 - EQU: 734 - TRAN: 739 - AVG: 757 - +207 points from JUN 2008 - MY CREDIT JOURNAL

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09Lexie
Posts: 25,049
Registered: ‎09-13-2012
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Re: Freedom convert to Sapphire Preferred....Can it be done?

[ Edited ]
Valued Contributor
p-
Posts: 2,612
Registered: ‎06-05-2008
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Re: Freedom convert to Sapphire Preferred....Can it be done?


09Lexie wrote: @p- The transferability of points to FT programs

FT = Frequent flyer?

  8-12-14: FICO EXP: 797 - EQU: 734 - TRAN: 739 - AVG: 757 - +207 points from JUN 2008 - MY CREDIT JOURNAL

Moderator
09Lexie
Posts: 25,049
Registered: ‎09-13-2012
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Re: Freedom convert to Sapphire Preferred....Can it be done?

[ Edited ]
I meant frequent travel to cover hotel and airline programs.
Valued Contributor
parakleet
Posts: 1,135
Registered: ‎04-13-2013
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Re: Freedom convert to Sapphire Preferred....Can it be done?

+1 to Lexie. The CSP+Freedom combo is pretty difficult to argue against in terms of value.

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Valued Contributor
p-
Posts: 2,612
Registered: ‎06-05-2008
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Re: Freedom convert to Sapphire Preferred....Can it be done?


09Lexie wrote:
I meant frequent travel to cover hotel and airline programs.

Ah.  Pretty good deal in that respect, justifies the AF?

  8-12-14: FICO EXP: 797 - EQU: 734 - TRAN: 739 - AVG: 757 - +207 points from JUN 2008 - MY CREDIT JOURNAL

Established Contributor
wHiTeSoL
Posts: 1,048
Registered: ‎07-09-2013
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Re: Freedom convert to Sapphire Preferred....Can it be done?


p- wrote:

09Lexie wrote:
I meant frequent travel to cover hotel and airline programs.

Ah.  Pretty good deal in that respect, justifies the AF?


I would think so, some people value certian FT miles up to .10 a mile which is much higher than what Freedom's are worth. With the combo you can also take advantage of the 5x catagoies to gain additional FT miles. The freedom 10k sign up bonus is enough to get some RT flights instead of $100 already.


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Frequent Contributor
SuperKirby
Posts: 472
Registered: ‎02-08-2013
0

Re: Freedom convert to Sapphire Preferred....Can it be done?


p- wrote:

longtimelurker wrote:

Obviously you know your own situation best, but 40K points is quite a lot to lose against a HP which reduces in impact quickly, and a reduction in AAoA with hard-to-measure consequences.    So the question is what do you plan to gain by avoiding the HP/AAoA hit?  If you are applying for a mortgage in the next year or so, then it makes sense to avoid, not sure of many other cases.


+1.  500 bucks is five years worth of annual fees.  If you have a major app coming up, be patient and wait until you're clear to app and get the bonus.  Except for the nifty metal card, I'm not sure what makes it better than a Freedom Siggy.


You might touch a nerve there (at least in the frequent traveler world), the CSP is probably one of the best cards out there (IMO the best card period).

 

For 50,000 CSP points, I can get a $4000 business class ticket one way to london from the US. That's a 8% back value. ($4000 flight divide by 50,000 points).

 

What can I get for 50,000 Freedom points? $500 cash back. whoopie.

 

With that said, the Freedom/CSP combo is even better because you can transfer points from your Freedom to the CSP.

 

Of course, the CSP is only valuble to the frequent traveler, if one doesn't use it's points for flights/Hyatt stays, then the Freedom might be the better choice (if one had to choose only one card).

     

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