topic Re: Ditch CSP & get citi costco visa? in Credit Cards

Ditch CSP & get citi costco visa?

Anonymous — Wed, 22 Jun 2016 06:00:41 GMT

Debating if boyfriend should ditch the CSP & switch to the citi costco visa next year after his free first year or not... I have the citi prestige (for the 3x airline & hotels) and the costco one can cover the 4% on gas & plus 3% on dining & travel plus it includes costco membership saving the annual fee too & earn 2% at costco...

What do you guys think? Good idea or nah

Re: Ditch CSP & get citi costco visa?

myjourney — Wed, 22 Jun 2016 06:12:14 GMT

Depends on needs and future travel plans

Factoring in the value of UR points

Redemption's once a year and the loss of an FTF card

Me personally I value UR's higher than TYP

Re: Ditch CSP & get citi costco visa?

nrm — Wed, 22 Jun 2016 06:21:54 GMT

Costco + Freedom is a happy marriage, especially now to the end of this year.

Re: Ditch CSP & get citi costco visa?

kdm31091 — Wed, 22 Jun 2016 08:57:31 GMT

In my opinion they are two completely different things. If you are redeem CSP points at face value (i.e., you're getting 2% for travel), then yes, the Costco is probably the better deal, assuming the Costco fee is justifiable.

But that said, many people with CSP/UR points are getting higher value than 2x so that would tip the scale. It really just depends. If you are just a casual or occasional traveler, 3% cash back may be preferable to dealing with point programs.

Re: Ditch CSP & get citi costco visa?

CountryLivin — Wed, 22 Jun 2016 11:10:10 GMT

@Anonymous wrote:
Debating if boyfriend should ditch the CSP & switch to the citi costco visa next year after his free first year or not... I have the citi prestige (for the 3x airline & hotels) and the costco one can cover the 4% on gas & plus 3% on dining & travel plus it includes costco membership saving the annual fee too & earn 2% at costco...

What do you guys think? Good idea or nah

Just looking at your post.....you do know that Costco membership is not included.....you have to pay at least $55 a year for your membership. If you are not a Costco member, you can not have an account....If your a member and you get a Costco CC, and you let your Costco membership lapse, they will close your credit account.

Re: Ditch CSP & get citi costco visa?

mongstradamus — Wed, 22 Jun 2016 15:35:53 GMT

In my eyes it really comes down to cash back vs UR points. Just one thing to remember for citi costco is you only get cashback once a year. You don't get cashback every statement like most other cashback cards.

As others have posted if you have CSP+Freedom combo its pretty nice. I am probably going to pc my chase hyatt to an FU so next year i can get 1.5 UR at costco which isn't too shabby.

Re: Ditch CSP & get citi costco visa?

Anonymous — Wed, 22 Jun 2016 16:17:34 GMT

Two completely different cards. The card is really a waste if you don't have a Costco membership.

Re: Ditch CSP & get citi costco visa?

Imperfectfuture — Wed, 22 Jun 2016 19:14:42 GMT

@mongstradamus wrote:
In my eyes it really comes down to cash back vs UR points. Just one thing to remember for citi costco is you only get cashback once a year. You don't get cashback every statement like most other cashback cards.

As others have posted if you have CSP+Freedom combo its pretty nice. I am probably going to pc my chase hyatt to an FU so next year i can get 1.5 UR at costco which isn't too shabby.

You can PC co brand cards to FU?

Re: Ditch CSP & get citi costco visa?

mongstradamus — Wed, 22 Jun 2016 19:32:30 GMT

@Imperfectfuture wrote:
@mongstradamus wrote:
In my eyes it really comes down to cash back vs UR points. Just one thing to remember for citi costco is you only get cashback once a year. You don't get cashback every statement like most other cashback cards.

As others have posted if you have CSP+Freedom combo its pretty nice. I am probably going to pc my chase hyatt to an FU so next year i can get 1.5 UR at costco which isn't too shabby.
You can PC co brand cards to FU?

That is something i will find out near the end of the year , i know they are different banks but i was able to do it with Citi , so i am hoping i can do the same with Chase.

Re: Ditch CSP & get citi costco visa?

jamesdwi — Wed, 22 Jun 2016 21:05:49 GMT

Ever rent a car? CSP is primary coverage on insurance. Insurance coverage on 5 day rental pays for the AF, CSP also have many other perks, which makes the card one of the best cards in the Credit industry.

With citi, they either love you, hate you or simply tollerate you. if its the later you get a starting limit, it never changes unless it costs you a HP, which isn't worth it for me.

Re: Ditch CSP & get citi costco visa?

Anonymous — Wed, 22 Jun 2016 21:11:11 GMT

@Imperfectfuture wrote:
@mongstradamus wrote:
In my eyes it really comes down to cash back vs UR points. Just one thing to remember for citi costco is you only get cashback once a year. You don't get cashback every statement like most other cashback cards.

As others have posted if you have CSP+Freedom combo its pretty nice. I am probably going to pc my chase hyatt to an FU so next year i can get 1.5 UR at costco which isn't too shabby.
You can PC co brand cards to FU?

I don't think Chase PCs co-branded cards to bank cards, or vice versa.

Re: Ditch CSP & get citi costco visa?

yfan — Wed, 22 Jun 2016 21:24:07 GMT

@jamesdwi wrote:
Ever rent a car? CSP is primary coverage on insurance. Insurance coverage on 5 day rental pays for the AF, CSP also have many other perks, which makes the card one of the best cards in the Credit industry.

Primary CDW coverage is an attractive feature for sure, but any Amex with an add-on feature can do this - for $18 one-time fee per rental for Californians (I think $25 for residents of other states), and that coverage includes a broader range of vehicles. This would of course depend on how many rentals OP has per year and what other cards they have (for example, the Amex point is moot if you don't have an Amex).

OP - as you can see, it's difficult to say whether you would benefit from ditching the CSP without knowing how much you value UR points, what other cards you have, and what your rewards mix is.

Re: Ditch CSP & get citi costco visa?

mongstradamus — Wed, 22 Jun 2016 22:36:15 GMT

@Anonymous wrote:
@Imperfectfuture wrote:
@mongstradamus wrote:
In my eyes it really comes down to cash back vs UR points. Just one thing to remember for citi costco is you only get cashback once a year. You don't get cashback every statement like most other cashback cards.

As others have posted if you have CSP+Freedom combo its pretty nice. I am probably going to pc my chase hyatt to an FU so next year i can get 1.5 UR at costco which isn't too shabby.
You can PC co brand cards to FU?
I don't think Chase PCs co-branded cards to bank cards, or vice versa.

Well I just sent an SM to chase inquiring about this because if its not the case it could mess up my plans quite an bit :-(

The original plan was to downgrade my EDP to ED and just use it as an grocery card, and then have my FU as my every day card so i don't have to worry too much about meet min swipes. My Gasoline purchases would be moved over to either ty premeir or ink plus, depending on whether i need more typ or UR points.

Will see how it all turns out this could throw an major wrench in my plans.

Re: Ditch CSP & get citi costco visa?

Closingracer99 — Wed, 22 Jun 2016 23:40:44 GMT

@Anonymous wrote:
Two completely different cards. The card is really a waste if you don't have a Costco membership.

Well you need a membership to have the card.... its mutually exclusive.

Re: Ditch CSP & get citi costco visa?

Closingracer99 — Wed, 22 Jun 2016 23:44:10 GMT

@jamesdwi wrote:
Ever rent a car? CSP is primary coverage on insurance. Insurance coverage on 5 day rental pays for the AF, CSP also have many other perks, which makes the card one of the best cards in the Credit industry.

With citi, they either love you, hate you or simply tollerate you. if its the later you get a starting limit, it never changes unless it costs you a HP, which isn't worth it for me.

Other cards offer it as well Plus Amex offers premium coverage should you need it and from semi personal experience worth the $25 per charge

Re: Ditch CSP & get citi costco visa?

RonM21 — Thu, 23 Jun 2016 22:14:44 GMT

@ mongstradamus - Did Chase give any insight to this?

Re: Ditch CSP & get citi costco visa?

mongstradamus — Thu, 23 Jun 2016 23:16:39 GMT

@rm21 well since my chase Hyatt isn't a year old they say their are no options for pc. That was via SM ,when af date comes a bit closer I will call and see what can be done.

I made an pretty bad mistake when I closed my csp I should have pced that to the FU instead I moved credit limit to my regular freedom oopsies. I shall learn from my mistakes for next time lol

Re: Ditch CSP & get citi costco visa?

Anonymous — Thu, 23 Jun 2016 23:45:48 GMT

He can get costco if he wants. Doesn't mean he needs to ditch CSP. I wouldn't close the Chase flagship card, absolutely not.