topic Re: CSP in Credit Cards

CSP

Anonymous — Sat, 16 Dec 2017 22:53:58 GMT

Currently have freedom w/ 6500 limit. Asked through secure message if i was eligible for upgrade to csp and was told yes but i obviously wont get sign up bonus. If i apply and get denied id still be eligible for upgrade to csp. Would i ever be eligible again for sign up bonus if i upgraded instead of new app?

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:04:21 GMT

No CSP shown in the personal offers section after logging in?

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:06:18 GMT

None on prequal on chase but credit karma shows very good odds. Also how long must i wait til i could move my CL from freedom to new csp if i get approved?

Re: CSP

coldfusion — Sat, 16 Dec 2017 23:08:51 GMT

@Anonymous wrote:
Currently have freedom w/ 6500 limit. Asked through secure message if i was eligible for upgrade to csp and was told yes but i obviously wont get sign up bonus. If i apply and get denied id still be eligible for upgrade to csp. Would i ever be eligible again for sign up bonus if i upgraded instead of new app?

The current rule is that you can't get a SUB on any Sapphire card if you've received a SUB on any Sapphire card within the previous 24 months.

A brief synopsis of the process is that if you upgraded now, when you were later ready to apply to get a bonus you would need to either cancel the card or PC it back to a non-Sapphire card, allow the change/cancellation to age out, then reapply for the CSP. If accepted you would eligible for the signup bonus.

The caveat is that the rules as they currently exist may not be the rules in place when you are ready to reapply.

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:12:16 GMT

Right away. Chase is very flexible on how easy it is to move CL

Also I wouldn't trust Credit Karma. At least for me they have always been wrong

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:11:10 GMT

How long would i need to wait for it to age out?

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:12:30 GMT

Most folks say 31 days/1 statement after PC from Sapphire to other.

Don't trust CK, they make $$$ if you app and approve through them.

Try chase.com/prequalified to see what Chase says.

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:14:13 GMT

Chase prequal came up with nothing :/

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:18:02 GMT

If your under 5/24 then it might be worth cold apping. 50k points is well worth the hard inquiry if you get approved

Re: CSP

wasCB14 — Sat, 16 Dec 2017 23:28:04 GMT

Any interest in CSR? If you have enough use for a CSP that you'd consider getting one without a bonus, you might consider the extra rewards and protections CSR offers over CSP.

I just PCed my CSP to a Freedom Unlimited and plan to get a CSR eventually.

Re: CSP

Anonymous — Sat, 16 Dec 2017 23:29:50 GMT

Dont travel enough to use the benefits
Plus also want to maybe get the amex prg or even platinum one day

Re: CSP

Anonymous — Sun, 17 Dec 2017 05:42:47 GMT

It's worth taking the "risk" of a wasted HP to apply before PCing. 50k UR can go a long way without much effort and unless you're applying like crazy or have 15+ inquiries in the last 6mo I wouldn't worry so much about taking one and getting denied. Of course it's in best interest to keep your HP count as low as possible but not to the extent that you avoid one of the better parts of a card you want, in this case the CSP bonus. If the card is something you want and worth having it's worth a HP (provided your credit profile supports a reasonable possibility of approval).

I freaking love the CSP. For our needs and wants it's perfect. My only regret was jumping on the solid chase prequal for it without first trying for the CSR - none of my existing cards at the time has a similar limit to the $10k min SL for the reserve. Now I'm having to do an elaborate & drawn out process to PC CSP to CSR at the 1yr mark, including a HP cli, due to being 5/24.

Food for thought. If your main driving factor to PC instead of cold app is avoiding a HP and not because you've got a wrecked profile or fall under 5/24 I say go for it.

Re: CSP

Anonymous — Sun, 17 Dec 2017 06:10:51 GMT

@Anonymous wrote:
Dont travel enough to use the benefits
Plus also want to maybe get the amex prg or even platinum one day

I don't understand. The Amex Platinum is harder to justify than the CSR. Especially if you don't travel enough.

The CSR is very flexible on how you redeem your travel credits (unlike Amex Platinum).

But as far as CSP vs CSR. The CSP has an annual fee of $95 vs $150 on the CSR (after travel credits). But for those extra $55 a year you earn 3x the points instead of 2x. If you pair the Freedom with the CSR you'll essentially by earning 7.5% (towards Chase portal). Not including the priority pass and better travel coverage.