topic Re: Should I redeem freedom UR points for cash? in Credit Cards

Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 01:45:22 GMT

I have CITI ty preferred, CITI prestige & CITI double cash (and a VS card) so I don't think I have any intentions on getting the CSP anytime in the near future, was debating on whether I should redeem my Chase freedom points for cash (about 55k points)? Do you think it's a good idea? Thanks

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 01:47:14 GMT

If you really think there is no chance you will get a transfer card in say 2 years, then yes, cash out

Re: Should I redeem freedom UR points for cash?

thummel — Mon, 25 Jul 2016 01:48:07 GMT

If your not going to transfer them then yeah.

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 01:51:06 GMT

If someone with a CSP added me as AU can I xfer the pts to them?

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 02:03:06 GMT

Only spouse or domestic partner I think

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 03:22:13 GMT

Oh I see... do you think it's a good idea to just get the CSP get bonus then get rid of it before AF comes up?

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 04:54:25 GMT

@Anonymous wrote:
Oh I see... do you think it's a good idea to just get the CSP get bonus then get rid of it before AF comes up?

If you are under the 5/24 limit, and have no problem with the $4K spend, yes, it makes sense for everyone to get the CSP for the bonus. And then, if it doesn't have value, cancel before the AF

Re: Should I redeem freedom UR points for cash?

Closingracer99 — Mon, 25 Jul 2016 13:35:14 GMT

@Anonymous wrote:
@Anonymous wrote:
Oh I see... do you think it's a good idea to just get the CSP get bonus then get rid of it before AF comes up?
If you are under the 5/24 limit, and have no problem with the $4K spend, yes, it makes sense for everyone to get the CSP for the bonus. And then, if it doesn't have value, cancel before the AF

That is $500 in CB or Giftcards at worst. Well worth the app if you can meet the spending and willing to take a HP along with a new card which could possibly take you out of more Chase cards with the 5/24 rule.

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 15:52:22 GMT

@Closingracer99 wrote:
@Anonymous wrote:
@Anonymous wrote:
Oh I see... do you think it's a good idea to just get the CSP get bonus then get rid of it before AF comes up?
If you are under the 5/24 limit, and have no problem with the $4K spend, yes, it makes sense for everyone to get the CSP for the bonus. And then, if it doesn't have value, cancel before the AF
+1

That is $500 in CB or Giftcards at worst. Well worth the app if you can meet the spending and willing to take a HP along with a new card which could possibly take you out of more Chase cards with the 5/24 rule.

I think I only have 3 cards that's under 2 years of age & my credit scores are all within the 750 mark

Re: Should I redeem freedom UR points for cash?

Anonymous — Mon, 25 Jul 2016 16:56:05 GMT

@Anonymous wrote:
@Anonymous wrote:
Oh I see... do you think it's a good idea to just get the CSP get bonus then get rid of it before AF comes up?
If you are under the 5/24 limit, and have no problem with the $4K spend, yes, it makes sense for everyone to get the CSP for the bonus. And then, if it doesn't have value, cancel before the AF

This is what I did. I had every intention of keeping the CSP initially, but once I got the Ink I found myself not using the card so I folded it into my Freedom at the 11 month Mark. I didn't cash out because I had the ink, but I would have.