topic Re: JP Morgan Select vs CSP vs ???? in Credit Cards

JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 02:22:13 GMT

Does anyone known the difference between these two cards? I can't really see one and I also don't see the requirements income wise to get the JP Morgan Select. Also are there any other cards that are on par with these two as far as higher end cards go? And is the JP Morgan Select a card with metal in it like the CSP?

Re: JP Morgan Select vs CSP vs ????

android01 — Wed, 11 Jul 2012 02:29:06 GMT

The JPM Select is a plastic card, although it seems thicker tham most. The biggest advantage to the Select card is that it doesn't report to the CRA's, in effect creating a hidden tradeline.

Re: JP Morgan Select vs CSP vs ????

mxp114 — Wed, 11 Jul 2012 02:32:42 GMT

Other differences off memory are 2:1 for dining/travel whereas JP is just 2:1 for dining. 7% annual dividend for CSP vs 25k points bonus with $100k spending. 15.24% CSP vs 13.24% JP for purchases. JP has global chip but CSP is a metal card with laser printing. CSP reports but JP doesn't. I think that's about it.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 02:40:02 GMT

Thanks guys. How is there a credit card that doesn't report? Am I missing something?

Re: JP Morgan Select vs CSP vs ????

android01 — Wed, 11 Jul 2012 02:51:35 GMT

@Anonymous wrote:
Thanks guys. How is there a credit card that doesn't report? Am I missing something?

Think of as an additiional benefit - like AMEX backdating. Hidden TL's are great for maintaining high FICO scores from both a utilization and an AAoA perspective. For example; I got my Select card in January of 2012. I took a hit for Chase's inquiry, but NO new account reported so my AAoA wasn't lowered. I don't have to pay by the statement date because it doesn't report at all. I can carry a balance if I choose to and that won't affect anything score wise. Hidden TL's are more valuable for people with long credit histories and high reported CL's already. They don't help folks who are building their credit who actually want the CL and account information to report.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 02:52:52 GMT

Well that makes sense. I want to increase my score so I guess the CSP is the way to go? Are there any other cards that have good travel benefits and have a fancy look to them?

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 02:58:00 GMT

@mxp114 wrote:
Other differences off memory are 2:1 for dining/travel whereas JP is just 2:1 for dining. 7% annual dividend for CSP vs 25k points bonus with $100k spending. 15.24% CSP vs 13.24% JP for purchases. JP has global chip but CSP is a metal card with laser printing. CSP reports but JP doesn't. I think that's about it.

Actually it's the other way around, the Select card doesn't get 2x UR points on dining but on travel instead. If it were dining it would be better since you can get more UR points most of the time by going through the UR shopping portal.

Re: JP Morgan Select vs CSP vs ????

CreditScholar — Wed, 11 Jul 2012 04:34:14 GMT

Also the JPM Select offers primary auto CDW. If you rent cars with any kind of frequency, this might help you. I'm fairly certain the CSP only offers secondary CDW.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Fri, 25 Jan 2013 00:12:11 GMT

In most cases, the CSP is a superior card. Here's a copy of paste from a previous post of mine comparing the two:

So the advantages of JPM Select over CSP are:

Hidden TL
EMV chip & signature
Primary rental car CDW
No late or over limit fees
25k points bonus after $100k yearly spend

And the disavantages are:

Weaker rewards (2x airfare, hotel, and car rentals vs. 2x on ALL travel and food with CSP)
No 7% annual points dividend
No sign-up bonus (currently 40k points with CSP)
Plain plastic credit card

The CSP is almost surely a better fit for you since you want to work on your score.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 18:03:44 GMT

@Anonymous wrote:
In most cases, the CSP is a superior card. Here's a copy of paste from a previous post of mine comparing the two:

So the advantages of JPM Select over CSP are:
Hidden TL
EMV chip & signature
Primary rental car CDW
No late or over limit fees
25k points bonus after $100k yearly spend

And the disavantages are:
Weaker rewards (2x airfare, hotel, and car rentals vs. 2x on ALL travel and food with CSP)
No 7% annual points dividend
No AF waive first year
No sign-up bonus (currently 40k points with CSP)
Plain plastic credit card
The CSP is almost surely a better fit for you since you want work on your score.

Do you have any qualication/score and process info for JPM Select? It could be a good card for Business Owners as it apears to work like Amex Business cards.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 18:09:13 GMT

My understanding is that the requirements are pretty much the same as the CSP. I've also heard anectodally that the CSP Select concierge is better, but I personally doubt it.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 18:39:17 GMT

Just wanted to chime in here. The JPM Select's first year fee IS waived, just like the CSP. Don't have time to quote right now, but I saw that someone mentioned a disadvantage is that the JPM's fee is NOT waived, when in fact the $95 fee is waived for the 1st year.

Re: JP Morgan Select vs CSP vs ????

CS800 — Wed, 11 Jul 2012 18:52:04 GMT

The hidden tradeline is a great thing for people not interested in lowering their util.

I was hoping to PC my freedom to a CSP since my CL cant afford it but not sure if I would like the AF.

I already have a Discover More that is more or less like the Freedom.

OP for your purpose the CSP makes more sense.

Re: JP Morgan Select vs CSP vs ????

Anonymous — Wed, 11 Jul 2012 19:21:59 GMT

@Anonymous wrote:
Just wanted to chime in here. The JPM Select's first year fee IS waived, just like the CSP. Don't have time to quote right now, but I saw that someone mentioned a disadvantage is that the JPM's fee is NOT waived, when in fact the $95 fee is waived for the 1st year.

Thanks for the heads up. It's strange that they don't list that more prominently on the website: https://creditcards.chase.com/credit-cards/jp-morgan-select-card.aspx