topic Re: Chase Freedom Sig Visa Converted to CSP in Credit Cards

Chase Freedom Sig Visa Converted to CSP

CaSHMeRe — Tue, 27 Jan 2015 19:24:50 GMT

Hey Guys,

Looking to convert my Chase Freedom Visa Signature to the CSP. Anyone know whether or not a HP is done, or anything to that extent?

Anyone else who has done this, would love to hear your thoughts.

Thanks

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 19:29:35 GMT

Are you just trying to avoid the HP? Just curious why you wouldn't want to get the sign-up bonus.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 19:29:42 GMT

Usually Chase PCs don't involve a HP. Not sure if you can convert a cash back card to a points card, but I strongly urge you not to try. The CSP has a nice sign-up bonus and a waived first year AF. It is one of those cards you get more benefit from if you apply for it instead of a PC due to the nice sign-up bonus.

Re: Chase Freedom Sig Visa Converted to CSP

mongstradamus — Tue, 27 Jan 2015 19:31:22 GMT

@CaSHMeRe wrote:
Hey Guys,

Looking to convert my Chase Freedom Visa Signature to the CSP. Anyone know whether or not a HP is done, or anything to that extent?

Anyone else who has done this, would love to hear your thoughts.

Thanks

You are missing out on signup bonus , which is an pretty big deal imo. If I were in your position i would just apply for CSP, get signup bonus and transfer your freedom's UR points to CSP for tranfer to airlines or hyatt

Re: Chase Freedom Sig Visa Converted to CSP

CaSHMeRe — Tue, 27 Jan 2015 19:35:47 GMT

Trying to avoid the HP

I'd love get the sign up bonus ... Anyone with success tranferring and when doing so, referencing the sign up bonus and you explain to CS that you are just trying to save a headache for everyone involved? LOL

Re: Chase Freedom Sig Visa Converted to CSP

Revelate — Tue, 27 Jan 2015 19:40:52 GMT

@CaSHMeRe wrote:
Trying to avoid the HP

I'd love get the sign up bonus ... Anyone with success tranferring and when doing so, referencing the sign up bonus and you explain to CS that you are just trying to save a headache for everyone involved? LOL

If you want the CSP, I would suggest keeping it paired with the Freedom as the 5% categories is an easy rewards accelerator and costs you nothing to keep it open.

Take the hit for the new account and the signup bonus and then use both to your advantage. I don't know any lender that gives bonuses for product changing... would defeat the purpose.

Re: Chase Freedom Sig Visa Converted to CSP

lord_kinbote — Tue, 27 Jan 2015 20:01:46 GMT

@CaSHMeRe wrote:
Trying to avoid the HP

I'd love get the sign up bonus ... Anyone with success tranferring and when doing so, referencing the sign up bonus and you explain to CS that you are just trying to save a headache for everyone involved? LOL

+1 on all the talk about the value of the UR points that you would obtain *only* by cold apping. As an example, I was recently going to take a trip from Memphis, TN to Whitefish, MT on Amtrak in a Superliner Roomette. With 2 adults, the charge was a little over $1800.00. I called Amtrak to ask how many points would be required for the same trip and they said 40,000 amtrak points. That happens to be the exact points you receive for the CSP after meeting the spend requirement. So, 40k UR points, transferred to a travel partnet like Amtrak equates to over 1800 in cash. Well worth the HP.

Unfortunately, instead of going to Glacier National Park, we took a 7 day cruise to the caribbean. While the excursions were nice, being stuck on a boat was *not* my cup of tea. That was my 1 and only cruise vacation.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 20:05:12 GMT

@Anonymous wrote:
Usually Chase PCs don't involve a HP. Not sure if you can convert a cash back card to a points card, but I strongly urge you not to try. The CSP has a nice sign-up bonus and a waived first year AF. It is one of those cards you get more benefit from if you apply for it instead of a PC due to the nice sign-up bonus.

Right on not doing the PC, but both Freedom and CSP are UR points cards, so the cashback to points isn't an issue.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 20:07:19 GMT

@Anonymous wrote:
@Anonymous wrote:
Usually Chase PCs don't involve a HP. Not sure if you can convert a cash back card to a points card, but I strongly urge you not to try. The CSP has a nice sign-up bonus and a waived first year AF. It is one of those cards you get more benefit from if you apply for it instead of a PC due to the nice sign-up bonus.
Right on not doing the PC, but both Freedom and CSP are UR points cards, so the cashback to points isn't an issue.

True, but without the CSP the UR points on the Freedom are non-transferrable (i.e. effectively cash back). Granted, you do make a good point. Since the Freedom is technically a points card, even if the points have limited use without a card like the CSP, Chase might be more willing to allow the PC.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 20:30:15 GMT

+1 on applying and getting signup bonus

Re: Chase Freedom Sig Visa Converted to CSP

wacdenney — Tue, 27 Jan 2015 20:31:54 GMT

As others have mentioned, this is a bad idea.

First you will miss out on the signup bonus and second you will loose the advantages of the Freedom + CSP pairing.

rethink!

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 23:49:30 GMT

@CaSHMeRe wrote:
Hey Guys,

Looking to convert my Chase Freedom Visa Signature to the CSP. Anyone know whether or not a HP is done, or anything to that extent?

Anyone else who has done this, would love to hear your thoughts.

Thanks

Interesting question ... I called today and Chase told me I could p/c (no HP) to either the CSP or the Slate from my Freedom Card. This thread has given lots of viable information that makes the process require more thought of a p/c. The sharing of points is a biggy and the signup bonus. Asked about a p/c to say the Chase AARP Card and that was a no go. Food for thought.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Tue, 27 Jan 2015 23:57:35 GMT

Of course they'd be glad to PC you into a CSP to avoid paying out the bonus and waiving first year AF.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Wed, 28 Jan 2015 00:19:27 GMT

@Anonymous wrote:
Of course they'd be glad to PC you into a CSP to avoid paying out the bonus and waiving first year AF.

Of course, there are always exceptions to the above rule. If a HP is worth more than the savings (bonus + waived AF), it might make sense to PC to the CSP. For someone with a mortgage refinance in the next few months, the savings of the CSP might be less than the value of a HP. The person would usually be better off waiting till after the mortgage and applying for the CSP, but let's say this hypothetical person also spend 20k a month on CSP optimized spend (dining/travel). In such a situation, PCing something to the CSP would make a lot of sense. But for most of us, the $495-$1000+ value of the waived AF and 40k UR points is worth the HP.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Wed, 28 Jan 2015 00:21:28 GMT

Its certainly worth it to me. I've got 72k UR saved.

Re: Chase Freedom Sig Visa Converted to CSP

mongstradamus — Wed, 28 Jan 2015 00:33:56 GMT

@Anonymous wrote:
Its certainly worth it to me. I've got 72k UR saved.

i am happy with UR again i have almost 200 k saved up trying to determine what to do with them. I am starting to think maybe Fly ANA business to BKK on my trip to far east. The fuel surcharges are so little makes it probably worth it compared to KE.

Do you know what you want to do with your UR points yet?

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Wed, 28 Jan 2015 00:36:19 GMT

Cash out at 1cpp

Hahaha, yeah right.

Re: Chase Freedom Sig Visa Converted to CSP

mongstradamus — Wed, 28 Jan 2015 00:40:20 GMT

@Anonymous wrote:
Cash out at 1cpp

Hahaha, yeah right.

Thats crazy talk haha I want to get at least 5 CPP value for my points haha. Flying ana business i think is probably good enough.

Re: Chase Freedom Sig Visa Converted to CSP

Anonymous — Wed, 28 Jan 2015 01:19:11 GMT

@Anonymous wrote:
Cash out at 1cpp

Hahaha, yeah right.

When I read the red text, I wanted to take back the kudo I gave you, then I read the blue text and everything was right with the world again!

UR points = Hyatt or Airlines for first/business class or British Airways (if insufficient MR points for transfer since UR > MR for point valuation for me) for short hop flights only!

Re: Chase Freedom Sig Visa Converted to CSP

mongstradamus — Wed, 28 Jan 2015 01:31:42 GMT

@Anonymous wrote:
@Anonymous wrote:
Cash out at 1cpp

Hahaha, yeah right.

When I read the red text, I wanted to take back the kudo I gave you, then I read the blue text and everything was right with the world again!

UR points = Hyatt or Airlines for first/business class or British Airways (if insufficient MR points for transfer since UR > MR for point valuation for me) for short hop flights only!

i have actually been thinking about doing something like transfer to Avios and use it for air berlin which i think has no fuel surcharges. Flying to copenhagen would be intresting usage probably not the best value , but something to keep in mind to get to europe.