Reply
New Contributor
Posts: 65
Registered: ‎09-28-2011
0

JP Morgan Select vs CSP vs ????

Does anyone known the difference between these two cards?  I can't really see one and I also don't see the requirements income wise to get the JP Morgan Select.  Also are there any other cards that are on par with these two as far as higher end cards go?  And is the JP Morgan Select a card with metal in it like the CSP?

Valued Contributor
Posts: 1,275
Registered: ‎09-22-2009
0

Re: JP Morgan Select vs CSP vs ????

The JPM Select is a plastic card, although it seems thicker tham most.  The biggest advantage to the Select card is that it doesn't report to the CRA's, in effect creating a hidden tradeline.  

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Valued Contributor
Posts: 1,473
Registered: ‎09-01-2011
0

Re: JP Morgan Select vs CSP vs ????

Other differences off memory are 2:1 for dining/travel whereas JP is just 2:1 for dining. 7% annual dividend for CSP vs 25k points bonus with $100k spending. 15.24% CSP vs 13.24% JP for purchases. JP has global chip but CSP is a metal card with laser printing. CSP reports but JP doesn't. I think that's about it.

New Contributor
Posts: 65
Registered: ‎09-28-2011
0

Re: JP Morgan Select vs CSP vs ????

Thanks guys.  How is there a credit card that doesn't report?  Am I missing something?

Valued Contributor
Posts: 1,275
Registered: ‎09-22-2009
0

Re: JP Morgan Select vs CSP vs ????

[ Edited ]

c3troop wrote:

Thanks guys.  How is there a credit card that doesn't report?  Am I missing something?


Think of as an additiional benefit - like AMEX backdating.  Hidden TL's are great for maintaining high FICO scores from both a utilization and an AAoA perspective.  For example; I got my Select card in January of 2012.  I took a hit for Chase's inquiry, but NO new account reported so my AAoA wasn't lowered.  I don't have to pay by the statement date because it doesn't report at all.  I can carry a balance if I choose to and that won't affect anything score wise.  Hidden TL's are more valuable for people with long credit histories and high reported CL's already.  They don't help folks who are building their credit who actually want the CL and account information to report.    

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
New Contributor
Posts: 65
Registered: ‎09-28-2011
0

Re: JP Morgan Select vs CSP vs ????

Well that makes sense.  I want to increase my score so I guess the CSP is the way to go?  Are there any other cards that have good travel benefits and have a fancy look to them?

Regular Contributor
Posts: 198
Registered: ‎05-31-2011
0

Re: JP Morgan Select vs CSP vs ????


mxp114 wrote:

Other differences off memory are 2:1 for dining/travel whereas JP is just 2:1 for dining. 7% annual dividend for CSP vs 25k points bonus with $100k spending. 15.24% CSP vs 13.24% JP for purchases. JP has global chip but CSP is a metal card with laser printing. CSP reports but JP doesn't. I think that's about it.


Actually it's the other way around, the Select card doesn't get 2x UR points on dining but on travel instead. If it were dining it would be better since you can get more UR points most of the time by going through the UR shopping portal.
My Cards
American Express Blue | American Express Premier Rewards Gold | Chase Amazon | Chase Freedom | Chase Sapphire Preferred | Chase United Explorer | Chase United MileagePlus Club | JPMorgan Palladium

Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: JP Morgan Select vs CSP vs ????

Also the JPM Select offers primary auto CDW. If you rent cars with any kind of frequency, this might help you. I'm fairly certain the CSP only offers secondary CDW.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
0

Re: JP Morgan Select vs CSP vs ????

[ Edited ]

In most cases, the CSP is a superior card. Here's a copy of paste from a previous post of mine comparing the two:

 

So the advantages of JPM Select over CSP are:

  • Hidden TL
  • EMV chip & signature
  • Primary rental car CDW
  • No late or over limit fees
  • 25k points bonus after $100k yearly spend

 

And the disavantages are:

  • Weaker rewards (2x airfare, hotel, and car rentals vs. 2x on ALL travel and food with CSP)
  • No 7% annual points dividend
  • No sign-up bonus (currently 40k points with CSP)
  • Plain plastic credit card

The CSP is almost surely a better fit for you since you want to work on your score.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Established Member
Posts: 39
Registered: ‎06-26-2012
0

Re: JP Morgan Select vs CSP vs ????


bribro wrote:

In most cases, the CSP is a superior card. Here's a copy of paste from a previous post of mine comparing the two:

 

So the advantages of JPM Select over CSP are:

  • Hidden TL
  • EMV chip & signature
  • Primary rental car CDW
  • No late or over limit fees
  • 25k points bonus after $100k yearly spend

 

And the disavantages are:

  • Weaker rewards (2x airfare, hotel, and car rentals vs. 2x on ALL travel and food with CSP)
  • No 7% annual points dividend
  • No AF waive first year
  • No sign-up bonus (currently 40k points with CSP)
  • Plain plastic credit card

The CSP is almost surely a better fit for you since you want work on your score.


Do you have any qualication/score and process info for JPM Select? It could be a good card for Business Owners as it apears to work like Amex Business cards.

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.