topic Re: CSP vs CSR, both or one? in Credit Cards

CSP vs CSR, both or one?

Anonymous — Sun, 21 Aug 2016 18:15:43 GMT

At this point, is it even worthwhile to have a CSP along with a CSR? It looks like CSR is better in every single category, minus the slightly higher annual fee (95 vs 150). What do you guys think? For those with CSP applying for the CSR, what are you planning to do with your CSP?

Re: CSP vs CSR, both or one?

Anonymous — Sun, 21 Aug 2016 18:38:14 GMT

C$R AF is $450.

Re: CSP vs CSR, both or one?

NRB525 — Sun, 21 Aug 2016 18:44:00 GMT

@Anonymous wrote:
C$R AF is $450.

C$R wide-ranging travel credit is $300. If you were going to spend $300 on various hotels and flight snacks anyway, it's prepaid in that case.

Plus the 3 UR points instead of 2 with CSP

Re: CSP vs CSR, both or one?

Anonymous — Sun, 21 Aug 2016 19:11:05 GMT

Depends on your spending. If you travel a lot then it makes sense to have CSR and not CSP. If you think $450 is too much to pay for the 2nd year, then you can downgrade to CSP.

I think just get either CSP or CSR. You don't need both.

Re: CSP vs CSR, both or one?

BeeH11 — Sun, 21 Aug 2016 23:53:51 GMT

I would not suggest having both. If you can justify the AF and use the benefits of the C$R then I would go with that one. If you don't travel that much, maybe the CSP if better for you.
I plan on applying for the C$R and downgrading my CSP to a FU. Eventually I will get the Freedom as well but have to wait for another new account to fall off (I'm 4/24 right now).

Re: CSP vs CSR, both or one?

jsucool76 — Mon, 22 Aug 2016 00:00:18 GMT

I'd suggest both for year one, if you can meet minimum spend for both bonuses. Then downgrade the CSP to a FU, and also have a regular freedom. Max earning potential.

Re: CSP vs CSR, both or one?

Anonymous — Mon, 22 Aug 2016 00:09:01 GMT

@jsucool76 wrote:
I'd suggest both for year one, if you can meet minimum spend for both bonuses. Then downgrade the CSP to a FU, and also have a regular freedom. Max earning potential.

Best response.

Re: CSP vs CSR, both or one?

DaJagman — Mon, 22 Aug 2016 00:20:09 GMT

Hopefully I can get approved and depending on my SL I can convert my CSP to Freedom and maybe move some of my credit line over if needed

Re: CSP vs CSR, both or one?

kdm31091 — Mon, 22 Aug 2016 00:26:51 GMT

@jsucool76 wrote:
I'd suggest both for year one, if you can meet minimum spend for both bonuses. Then downgrade the CSP to a FU, and also have a regular freedom. Max earning potential.

Well, looks like OP already has the CSP, so this is more a question of keeping both in the long run.

There's nothing CSP does that CSR cannot do so if you get CSR I'd close or PC the CSP.

Re: CSP vs CSR, both or one?

Anonymous — Mon, 22 Aug 2016 00:30:50 GMT

@kdm31091 wrote:
@jsucool76 wrote:
I'd suggest both for year one, if you can meet minimum spend for both bonuses. Then downgrade the CSP to a FU, and also have a regular freedom. Max earning potential.
Well, looks like OP already has the CSP, so this is more a question of keeping both in the long run.

There's nothing CSP does that CSR cannot do so if you get CSR I'd close or PC the CSP.

Re: CSP vs CSR, both or one?

Irisa — Mon, 22 Aug 2016 00:45:24 GMT

@Anonymous wrote:
At this point, is it even worthwhile to have a CSP along with a CSR? It looks like CSR is better in every single category, minus the slightly higher annual fee (95 vs 150). What do you guys think? For those with CSP applying for the CSR, what are you planning to do with your CSP?

I am considering a CSR app. If I do apply, I will try to PC my CSP to Freedom Unlimited. That would leave me with Freedom, FU, and CSR. I don't see the point of having both CSP and CSR. I would benefit more from moving my current QS spending to Freedom Unlimited.

Re: CSP vs CSR, both or one?

RaiseMyScoreASAP — Mon, 22 Aug 2016 01:41:13 GMT

That is the perfect advice. Max those UR points!

Question--Will your FU become your default card? It offers 1.5% or 1.5. points per dollar spent rather than the base of 1. Yes, of course you would use your Freedom for the bonus categories, and travel on CSR etc. to maximize points.

Re: CSP vs CSR, both or one?

noobody — Mon, 22 Aug 2016 03:42:58 GMT

I have CSP since Dec 12.

Will apply CSR early next week.

For score purpose, which one is better?

#1: Get CSR, close CSP right way.

Easy and trouble free.

#2: Get CSR next week, PC CSP to CS when AF is due. Before 2nd AF is due on CSR, close it. Then
PC CS back to CSR/CSP whichever I feel fits me better.

Have to jump through a lot hoops to use the 2nd option, but it will preserve my 4 years old history of CSP. Thus 10 years from now I will loose 10 year account age instead of 14

Re: CSP vs CSR, both or one?

mjb59463 — Mon, 22 Aug 2016 06:12:29 GMT

I'm in this same boat, but the AF is what has me hung up.

Based on reward earnings, CSR > CSP.

But I currently have 2 Cards with a 450 annual fee. I dont want to add a third. I may stick with the CSP just based on that.

Re: CSP vs CSR, both or one?

takeshi74 — Mon, 22 Aug 2016 12:54:55 GMT

@Anonymous wrote:
At this point, is it even worthwhile to have a CSP along with a CSR? It looks like CSR is better in every single category, minus the slightly higher annual fee (95 vs 150). What do you guys think? For those with CSP applying for the CSR, what are you planning to do with your CSP?

You've done the analysis which is what you need to do. Don't just poll others and follow the herd.

That said, the CSP would be redundant with the CSR IMO. I plan on keeping the CSP around until my final verdict on whether or not to keep the CSR for the long run.

Re: CSP vs CSR, both or one?

Anonymous — Wed, 24 Aug 2016 04:03:26 GMT

I'm trying to figure out the same thing. I signed up for my CSP back in May, got the 50k bonus after the 2nd month hitting the $4k spends, and now this gem of a card in the CSR comes out. Had it been available back then it would've been a much easier choice to go with the CSR (especially for the 100k bonus).

Now that I have the CSP and the 50k bonus, would there be any issues if I PC'd it to a CSR? I know I wouldn't get the signup bonus, but I love the fact that it's 3x now for dining/travel and I would definitely use the $300 travel credit no problem. What are your guys' thoughts? I might also just keep the CSP and wait until my 1 year anniversary and then PC to the CSR...

Re: CSP vs CSR, both or one?

Anonymous — Wed, 24 Aug 2016 04:58:44 GMT

I already have the trifecta with freedom, FU, and CSP. I just got approved for the CSR. CSP is no longer useful to me. I can't PC it because I got it in June, unfortunately. Since I do have the AF waived, I don't mind keeping it until one year, and get something else. I can forgo the freedom bonus and get another freedom quarter bonus card (which I've read that you can get 2x of). I can benefit from the quarterly twice, use my FU for general purposes, and use CSR for my travel and dining related needs.

What do you guys think? 2x freedom a good thing? My CSP is pretty much a freedom since I'm getting 1% back and all.

Re: CSP vs CSR, both or one?

deltatee — Wed, 24 Aug 2016 12:15:06 GMT

I am debating what to do with the CSR also. If I do end up applying for it (rather than keeping the CSP or PCing) I would PC my CSP into a FU and probably ditch the QS. I personally don't see what use the CSP would serve along side the CSR, but have the FU in addition to the CSR would really provide some awesome URs.