topic Re: Converting CSP Visa to Mastercard? in Credit Cards

Converting CSP Visa to Mastercard?

ssmith891 — Sat, 10 Aug 2013 16:37:49 GMT

Are there any negative effects from doing this? I don't have a single Mastercard in my wallet and would like to have atleast one. My AF is coming up in October, would this extend it out another year? I'm also assuming the signup bonus would not be eligible again right?

Re: Converting CSP Visa to Mastercard?

Anonymous — Sat, 10 Aug 2013 17:38:02 GMT

@ssmith891 wrote:
Are there any negative effects from doing this? I don't have a single Mastercard in my wallet and would like to have atleast one. My AF is coming up in October, would this extend it out another year? I'm also assuming the signup bonus would not be eligible again right?

As it is not an new app, you don't get the bonus but you also don't get another year without an AF. Some people do this, keep the card a while, the downgrade it, and apply for the CSP Visa. When successful, this is a way of getting the bonus again.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 06:05:01 GMT

No second bonus, but I've read of some people getting another year free after switching fro V to MC or vice versa.

Re: Converting CSP Visa to Mastercard?

Open123 — Sun, 11 Aug 2013 06:13:52 GMT

@Anonymous wrote:
No second bonus, but I've read of some people getting another year free after switching fro V to MC or vice versa.

By the way, after PC'ing from the CSP to the Sapphire, do you know if it's possible after a certain amount of time to app for a new CSP and receive the sign-up bonus again?

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 06:17:57 GMT

@Anonymous wrote:
No second bonus, but I've read of some people getting another year free after switching fro V to MC or vice versa.

Bribro,

Just noticed your signature. What is the Mercedes Benz Financial Services account? Is that the MB Amex? And what is the Lexus one? Is the Lexus CC any good?

Re: Converting CSP Visa to Mastercard?

azguy13 — Sun, 11 Aug 2013 06:25:05 GMT

I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 06:42:13 GMT

@Open123 wrote:
@Anonymous wrote:
No second bonus, but I've read of some people getting another year free after switching fro V to MC or vice versa.
By the way, after PC'ing from the CSP to the Sapphire, do you know if it's possible after a certain amount of time to app for a new CSP and receive the sign-up bonus again?

I'm not sure, I think I read 18-24 months in some cases, but Chase is pretty good about preventing people from churning cards so even after 2 years you might not get the same bonus again. Maybe someone else can chime in. However, you can get the CSP bonus a second time if you apply for a MC when you had a Visa first, and vice versa. Problem is, most people got the Visa version first and you can no longer apply for the MC version directly.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 06:44:45 GMT

@Anonymous wrote:
@Anonymous wrote:
No second bonus, but I've read of some people getting another year free after switching fro V to MC or vice versa.
Bribro,

Just noticed your signature. What is the Mercedes Benz Financial Services account? Is that the MB Amex? And what is the Lexus one? Is the Lexus CC any good?

Car loans; I couldn't resist the insanely low rates they were offering me. I might get that MB Amex card, but I think I'm going to get the personal and business SPG first. The credit card Lexus offered was pretty lame as I recall.

Re: Converting CSP Visa to Mastercard?

Open123 — Sun, 11 Aug 2013 06:45:03 GMT

@Anonymous wrote:
I'm not sure, I think I read 18-24 months in some cases, but Chase is pretty good about preventing people from churning cards so even after 2 years you might not get the same bonus again. Maybe someone else can chime in. However, you can get the CSP bonus a second time if you apply for a MC when you had a Visa first, and vice versa. Problem is, most people got the Visa version first and you can no longer apply for the MC version directly.

I erred in not app'ing for the CSP MC first. Now, I can't find a way to app the CSP MC directly.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 06:46:09 GMT

@azguy13 wrote:
I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.

Nope, you're wrong. I PCed my CSP Visa to a Freedom MC and kept the same history on my credit report, no AAoA effect.

Re: Converting CSP Visa to Mastercard?

azguy13 — Sun, 11 Aug 2013 06:52:30 GMT

@Anonymous wrote:
@azguy13 wrote:
I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.
Nope, you're wrong. I PCed my CSP Visa to a Freedom MC and kept the same history on my credit report, no AAoA effect.

Then I am glad I'm wrong. I could have sworn I recently read about how someone couldn't PC a Visa to Mastercard and keep the same account. Oh well, I can't win them all. Thanks for the clarification though.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 07:02:22 GMT

@azguy13 wrote:
@Anonymous wrote:
@azguy13 wrote:
I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.
Nope, you're wrong. I PCed my CSP Visa to a Freedom MC and kept the same history on my credit report, no AAoA effect.
Then I am glad I'm wrong. I could have sworn I recently read about how someone couldn't PC a Visa to Mastercard and keep the same account. Oh well, I can't win them all. Thanks for the clarification though.

They give you new account numbers of course, but you keep the history on your credit report. Plus, Chase has some kind of internal mechanism for determining what you're eligible to transfer to.

Re: Converting CSP Visa to Mastercard?

azguy13 — Sun, 11 Aug 2013 08:29:57 GMT

@Anonymous wrote:
@azguy13 wrote:
@Anonymous wrote:
@azguy13 wrote:
I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.
Nope, you're wrong. I PCed my CSP Visa to a Freedom MC and kept the same history on my credit report, no AAoA effect.
Then I am glad I'm wrong. I could have sworn I recently read about how someone couldn't PC a Visa to Mastercard and keep the same account. Oh well, I can't win them all. Thanks for the clarification though.
They give you new account numbers of course, but you keep the history on your credit report. Plus, Chase has some kind of internal mechanism for determining what you're eligible to transfer to.

I do really like Chase. I have been banking with them for about 7 years but I am seriously considering changing banks completely to NFCU. I have only been a member for a few days but I have called quite a few times and they have been more than helpful. I have never had better customer service (I haven't had Discover so I can't argue NFCU vs Discover).

Re: Converting CSP Visa to Mastercard?

_jb_ — Sun, 11 Aug 2013 11:55:02 GMT

I haven't banked with Chase before, but I made the switch from Wells Fargo (bleh) to NFCU about 1.5 years ago. Best move I've ever made for myself financially.

Re: Converting CSP Visa to Mastercard?

Anonymous — Sun, 11 Aug 2013 18:04:04 GMT

@azguy13 wrote:
@Anonymous wrote:
@azguy13 wrote:
@Anonymous wrote:
@azguy13 wrote:
I could be wrong, but I think when you change your card from a Visa to MC or vice versa, they open a new account for you. If this happens, it will close your current account on your CR and then start a new one. Your AAoA will be affected if this happens.

I have never heard of a PC from visa to mastercard or vice versa. I have always been told I must app for the new card instead.
Nope, you're wrong. I PCed my CSP Visa to a Freedom MC and kept the same history on my credit report, no AAoA effect.
Then I am glad I'm wrong. I could have sworn I recently read about how someone couldn't PC a Visa to Mastercard and keep the same account. Oh well, I can't win them all. Thanks for the clarification though.
They give you new account numbers of course, but you keep the history on your credit report. Plus, Chase has some kind of internal mechanism for determining what you're eligible to transfer to.
I do really like Chase. I have been banking with them for about 7 years but I am seriously considering changing banks completely to NFCU. I have only been a member for a few days but I have called quite a few times and they have been more than helpful. I have never had better customer service (I haven't had Discover so I can't argue NFCU vs Discover).

I think Chase has the best customer service among the mega banks, followed somewhat closely by Wells Fargo, then a distant third is Citi, followed by BofA in last. I'm sure a lot of CUs and regional banks have even better service, and that old school personal touch, but I don't really see the value. What would you have to call a bank or credit union for anyway?