topic Re: Chase CSP? in Credit Cards

Chase CSP?

Anonymous — Tue, 02 Apr 2013 13:17:44 GMT

Why is this card so sought after?

I understand the getting 2 points per dollar on travel, but other cards like the price line card get you 2% cash back on anything

Maybe I just don't get it because I don't spend a thousand a month so I wouldn't be able to hit the minimum spending for the bonus

I'm just curious why everyone wants it haha

Re: Chase CSP?

a3quit4s — Tue, 02 Apr 2013 13:19:19 GMT

It's metal heeeeellllllloooooo

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 13:20:28 GMT

@a3quit4s that is cool, too bad I don't spend enough to warrant a $95 AF

Re: Chase CSP?

youngandcreditwrthy — Tue, 02 Apr 2013 13:23:29 GMT

You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!

Re: Chase CSP?

a3quit4s — Tue, 02 Apr 2013 13:26:12 GMT

I don't spend endough either but I also have the Chase Freedom that earns me $$ and it's No Annual Fee so between the two I might be close to breaking even.

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 13:28:10 GMT

Interesting, I'll probably keep that card as a goal card for when I move out and spend enough to warrant a 95 dollar AF

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 13:50:51 GMT

I suspect "It's metal" IS the real reason it's popular here! (+ AF waived so it's free for the first year).

Viewed as a cash-back card, it's not all that great and certainly not worth the AF compared to others, but that is not the real point of the card. The major feature is the ability to transfer UR points to partner airlines and hotels. (And some of the Inks allow this as well). Ideally partner this with a card the earns a lot of points, such as the Freedom with checking (although the point earning potential of this will decrease for all as grandfathering goes away). If you do this, along with things like no AF and the dividend, AND you do a spending and travelling in premium cabins, this card is really good.

I would suspect though that many people seeking it here don't fit that description, but want it for other factors (read metal).

Actually, I don't get the love for Freedom alone either. Need to pair that with something to make it interesting, as the 5% categories, even with the 10% bonus from checking, are capped really low.

Re: Chase CSP?

Cdnewmanpac — Tue, 02 Apr 2013 14:45:31 GMT

this exact question was asked less than a week ago. the answers given in that thread were comprehensive. you might try a quick search for that thread.

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 14:48:23 GMT

@Cdnewmanpac wrote:
this exact question was asked less than a week ago. the answers given in that thread were comprehensive. you might try a quick search for that thread.

True, but that is also true of about 90% of posts on this site (and many other forum sites). Why search when you can post?

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 15:15:52 GMT

Okay, my bad

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 15:16:32 GMT

Thanks though, maybe once I spend more money in general and especially on traveling I'll get it

Re: Chase CSP?

HiLine — Tue, 02 Apr 2013 15:59:26 GMT

@Cdnewmanpac wrote:
this exact question was asked less than a week ago. the answers given in that thread were comprehensive. you might try a quick search for that thread.

This question has been asked just about every week...

Re: Chase CSP?

Open123 — Tue, 02 Apr 2013 16:08:55 GMT

@HiLine wrote:
@Cdnewmanpac wrote:
this exact question was asked less than a week ago. the answers given in that thread were comprehensive. you might try a quick search for that thread.
This question has been asked just about every week...

Easy answer and pretty standard by now. It's a great card if you value UR transfers (to UA and Hyatt), need no forex fee and spend tons on travel/dining.

First year fee wavied (just downgrade to no fee Sapphire without hassle when fee is due next year), 40K points and a metal card. Aside from being certain of a decline, is there any reason not to like it?

PS - 5% no fee rotating cards are limited to $300 annual cashback. This is right off the bat with $400 and annual fee waived. Who cares about the fee moving forward? Is it really that much pain to close or downgrade card? You *NEVER* actually pay the fee. Isn't this just simple "black and white" cost/benefit analysis? There's nothing complex, no obfuscation and nothing even remotely abstract.

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 16:38:58 GMT

Since the promo has been going on a while, I would guess that enough people do end up keeping the card and paying the annual fee, to offset the $400 churns!

Re: Chase CSP?

distantarray — Tue, 02 Apr 2013 16:57:59 GMT

@youngandcreditwrthy wrote:
You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!

You out of all people if your only getting 20% more for your points I want to smack you with a stick.... I'm getting 4.3 cents per point with my usage.

Chase UR points are the most valuable points, and can easily be worth 2-3 cents per point minimum. With that being said it's also metal and 0% foreign transaction fee 7% dividend and double points for travel even bus, tax, toll fares.

Chase UR points strengths are partner transfers. 1:1 for Chase to United Airlines

65,000 miles can get you to Asia on a economy saver award. Price ranges upto $1,200 to $2,800 depending on season but points requirements are the same. I fly in peak season so I get the full redemption rates at over 4.3 cents per point

For first class saver tickets can reach upwards of $12,800 for 130k points. Almost 10 cents per point value here.

You can also find great deals with hotels as well. 30k points to book at a Ritz in Miami where the rooms were $1,000 + for Ultra music festival etc.

Re: Chase CSP?

Anonymous — Tue, 02 Apr 2013 17:13:04 GMT

@distantarray wrote:
@youngandcreditwrthy wrote:
You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!
You out of all people if your only getting 20% more for your points I want to smack you with a stick.... I'm getting 4.3 cents per point with my usage.

Chase UR points are the most valuable points, and can easily be worth 2-3 cents per point minimum. With that being said it's also metal and 0% foreign transaction fee 7% dividend and double points for travel even bus, tax, toll fares.

Chase UR points strengths are partner transfers. 1:1 for Chase to United Airlines

65,000 miles can get you to Asia on a economy saver award. Price ranges upto $1,200 to $2,800 depending on season but points requirements are the same. I fly in peak season so I get the full redemption rates at over 4.3 cents per point

For first class saver tickets can reach upwards of $12,800 for 130k points. Almost 10 cents per point value here.

You can also find great deals with hotels as well. 30k points to book at a Ritz in Miami where the rooms were $1,000 + for Ultra music festival etc.

thanks! its clearly a great card for travelers

Re: Chase CSP?

distantarray — Tue, 02 Apr 2013 20:18:17 GMT

@Anonymous wrote:
@distantarray wrote:
@youngandcreditwrthy wrote:
You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!
You out of all people if your only getting 20% more for your points I want to smack you with a stick.... I'm getting 4.3 cents per point with my usage.

Chase UR points are the most valuable points, and can easily be worth 2-3 cents per point minimum. With that being said it's also metal and 0% foreign transaction fee 7% dividend and double points for travel even bus, tax, toll fares.

Chase UR points strengths are partner transfers. 1:1 for Chase to United Airlines

65,000 miles can get you to Asia on a economy saver award. Price ranges upto $1,200 to $2,800 depending on season but points requirements are the same. I fly in peak season so I get the full redemption rates at over 4.3 cents per point

For first class saver tickets can reach upwards of $12,800 for 130k points. Almost 10 cents per point value here.

You can also find great deals with hotels as well. 30k points to book at a Ritz in Miami where the rooms were $1,000 + for Ultra music festival etc.
thanks! its clearly a great card for travelers

not just for travelers, they have many other uses, but it's great to save up for a vacation even if you don't travel much. I mean if it's virtually free you'd travel more right? There are ways to get completely free vacations =X I made several hundred thousands of points within 6 months I won't have to pay for airline ticket or a hotel room anytime soon =)

Re: Chase CSP?

a3quit4s — Tue, 02 Apr 2013 20:46:57 GMT

@distantarray wrote:
@youngandcreditwrthy wrote:
You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!
You out of all people if your only getting 20% more for your points I want to smack you with a stick.... I'm getting 4.3 cents per point with my usage.

Chase UR points are the most valuable points, and can easily be worth 2-3 cents per point minimum. With that being said it's also metal and 0% foreign transaction fee 7% dividend and double points for travel even bus, tax, toll fares.

Chase UR points strengths are partner transfers. 1:1 for Chase to United Airlines

65,000 miles can get you to Asia on a economy saver award. Price ranges upto $1,200 to $2,800 depending on season but points requirements are the same. I fly in peak season so I get the full redemption rates at over 4.3 cents per point

For first class saver tickets can reach upwards of $12,800 for 130k points. Almost 10 cents per point value here.

You can also find great deals with hotels as well. 30k points to book at a Ritz in Miami where the rooms were $1,000 + for Ultra music festival etc.

That's all that matters

Re: Chase CSP?

distantarray — Tue, 02 Apr 2013 20:47:59 GMT

@a3quit4s wrote:
@distantarray wrote:
@youngandcreditwrthy wrote:
You also get 7% back as a "dividend".
Additionally, UR points from Chase can be used to get a 20% discount on flight/travel...
2x points on dining too.

The regular Chase Sapphire seems to be a great card too, just not as many perks!
You out of all people if your only getting 20% more for your points I want to smack you with a stick.... I'm getting 4.3 cents per point with my usage.

Chase UR points are the most valuable points, and can easily be worth 2-3 cents per point minimum. With that being said it's also metal and 0% foreign transaction fee 7% dividend and double points for travel even bus, tax, toll fares.

Chase UR points strengths are partner transfers. 1:1 for Chase to United Airlines

65,000 miles can get you to Asia on a economy saver award. Price ranges upto $1,200 to $2,800 depending on season but points requirements are the same. I fly in peak season so I get the full redemption rates at over 4.3 cents per point

For first class saver tickets can reach upwards of $12,800 for 130k points. Almost 10 cents per point value here.

You can also find great deals with hotels as well. 30k points to book at a Ritz in Miami where the rooms were $1,000 + for Ultra music festival etc.
That's all that matters

More like it's all that metals

Re: Chase CSP?

armbenderc — Tue, 02 Apr 2013 20:48:29 GMT

@a3quit4s wrote:
It's metal heeeeellllllloooooo

So true!