topic Help reading my CSP UR statement in Credit Cards

Help reading my CSP UR statement

clocktick — Thu, 27 Feb 2014 05:25:59 GMT

I admit I don't look at this often. I was hoping my annual 7% was on there (and it was!).

Anyway, what is the +1 point per dollar earned on all purchases? What exactly is that referring to? I'm not complaining! I'm about to attach an image. Hopefully it won't be gigantic. Thanks in advance!

Re: Help reading my CSP UR statement

Anonymous — Thu, 27 Feb 2014 05:33:31 GMT

CSP earns one point per $ on all purchases, and an additional point on dining and travel.

So this is your previous point balance, plus 1 point for all your purchases, plus the bonus points for dining, plus the bonus points for travel.

Re: Help reading my CSP UR statement

clocktick — Thu, 27 Feb 2014 06:41:14 GMT

@Anonymous wrote:
CSP earns one point per $ on all purchases, and an additional point on dining and travel.

So this is your previous point balance, plus 1 point for all your purchases, plus the bonus points for dining, plus the bonus points for travel.

I guess I'm not getting the above. Another point for "all" your purchases. Where did the 2139 come from? I'm missing something simple, aren't I?

Re: Help reading my CSP UR statement

CreditScholar — Thu, 27 Feb 2014 06:48:46 GMT

@clocktick wrote:
@Anonymous wrote:
CSP earns one point per $ on all purchases, and an additional point on dining and travel.

So this is your previous point balance, plus 1 point for all your purchases, plus the bonus points for dining, plus the bonus points for travel.
I guess I'm not getting the above. Another point for "all" your purchases. Where did the 2139 come from? I'm missing something simple, aren't I?

It means that you've charged $2,139 during the previous month.

Re: Help reading my CSP UR statement

clocktick — Thu, 27 Feb 2014 06:58:22 GMT

Oh geez, I knew it was a dollar amount but was looking at it a completely different way! Thank you guys so much!

Glad I have the forum here instead of calling and asking the CSRs an embarrassing question!

Re: Help reading my CSP UR statement

Vegas247 — Thu, 27 Feb 2014 06:59:51 GMT

How much is 1 point worth on CSP?

Re: Help reading my CSP UR statement

CreditScholar — Thu, 27 Feb 2014 07:05:14 GMT

@Vegas247 wrote:
How much is 1 point worth on CSP?

That really depends on how you redeem it. I've seen anything from 1.25-10 cents

Re: Help reading my CSP UR statement

Lin55 — Thu, 27 Feb 2014 08:35:28 GMT

@Vegas247 wrote:
How much is 1 point worth on CSP?

Everyone uses it differently. I usually redeem for about 2.5-3.5 cent per point with United miles.

Re: Help reading my CSP UR statement

Anonymous — Thu, 27 Feb 2014 09:40:49 GMT

@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents

Sadly I've seen it go for just 1ccp.

A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...

Re: Help reading my CSP UR statement

Anonymous — Thu, 27 Feb 2014 14:33:24 GMT

@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...

Don't understand. Isn't it always appropriate in such situations to scream "You [expletive] [expletive] stupid idiot! I am ashamed to be the same species as you"?

That's what I do.

Re: Help reading my CSP UR statement

Kenny — Thu, 27 Feb 2014 14:40:19 GMT

@Anonymous wrote:
@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...
Don't understand. Isn't it always appropriate in such situations to scream "You [expletive] [expletive] stupid idiot! I am ashamed to be the same species as you"?
That's what I do.

lol, one would think if the person brought up the brag on the cashback it might be the appropriate place to educate them on a better way? That's a lot of cash back for folk like me.

Re: Help reading my CSP UR statement

Anonymous — Thu, 27 Feb 2014 17:45:12 GMT

@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...

Hah. Last night, I saw someone load $40 in cash to a VR at CVS. So she essentially paid a 10% fee for no points. My head almost exploded.

Re: Help reading my CSP UR statement

wHiTeSoL — Thu, 27 Feb 2014 17:50:18 GMT

@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...

O.M.G "Warning, going off topic"

This reminds me of just two day ago, I was at a coworkers new home he just closed on, and while we were talking he let me in on his little "secret". "To make our credit history look longer my wife and I closed all of our credit card accounts that were under 5 years old! I can't believe no one knows about this!" I just didn't have the heart to tell him........

Re: Help reading my CSP UR statement

Stralem — Thu, 27 Feb 2014 18:07:54 GMT

@wHiTeSoL wrote:
"To make our credit history look longer my wife and I closed all of our credit card accounts that were under 5 years old! I can't believe no one knows about this!"

What is this I don't even...

Re: Help reading my CSP UR statement

Lin55 — Thu, 27 Feb 2014 18:36:37 GMT

@wHiTeSoL wrote:
@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...
O.M.G "Warning, going off topic"
This reminds me of just two day ago, I was at a coworkers new home he just closed on, and while we were talking he let me in on his little "secret". "To make our credit history look longer my wife and I closed all of our credit card accounts that were under 5 years old! I can't believe no one knows about this!" I just didn't have the heart to tell him........

Wait, hold on. Isn't he right? Assuming (hypothetically) his AAoA is 10 years. Closing credit card accounts that are under 10 years old will make his AAoA even higher in ten years when those cards fall off the report. Also assuming he has low UTIL, he's correct.

Re: Help reading my CSP UR statement

Leadberry — Thu, 27 Feb 2014 22:04:17 GMT

@Anonymous wrote:
@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...
Don't understand. Isn't it always appropriate in such situations to scream "You [expletive] [expletive] stupid idiot! I am ashamed to be the same species as you"?
That's what I do.

lol'ed

Re: Help reading my CSP UR statement

Leadberry — Thu, 27 Feb 2014 22:05:56 GMT

@Lin55 wrote:
@wHiTeSoL wrote:
@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...
O.M.G "Warning, going off topic"
This reminds me of just two day ago, I was at a coworkers new home he just closed on, and while we were talking he let me in on his little "secret". "To make our credit history look longer my wife and I closed all of our credit card accounts that were under 5 years old! I can't believe no one knows about this!" I just didn't have the heart to tell him........
Wait, hold on. Isn't he right? Assuming (hypothetically) his AAoA is 10 years. Closing credit card accounts that are under 10 years old will make his AAoA even higher in ten years when those cards fall off the report. Also assuming he has low UTIL, he's correct.

Pretty sure the guy was referring to the present-tense. He probably wanted to lengthen his AAoA to get a better rate on the mortgage. As far as your assumption, that only holds if said person doesn't open any more new accounts. With fewer data points available, new accounts will have more of an effect on AAoA.

Re: Help reading my CSP UR statement

Lin55 — Fri, 28 Feb 2014 03:48:43 GMT

@Leadberry wrote:
@Lin55 wrote:
@wHiTeSoL wrote:
@Anonymous wrote:
@CreditScholar wrote:
@Vegas247 wrote:
How much is 1 point worth on CSP?
That really depends on how you redeem it. I've seen anything from 1.25-10 cents
Sadly I've seen it go for just 1ccp.
A friend was all excited telling everyone at the dinner table about how she redeemed almost 1.5k worth of cashback from her CSP........ The setting however wasn't appropriate for me to explain to her about why that was a bad decision...
O.M.G "Warning, going off topic"
This reminds me of just two day ago, I was at a coworkers new home he just closed on, and while we were talking he let me in on his little "secret". "To make our credit history look longer my wife and I closed all of our credit card accounts that were under 5 years old! I can't believe no one knows about this!" I just didn't have the heart to tell him........
Wait, hold on. Isn't he right? Assuming (hypothetically) his AAoA is 10 years. Closing credit card accounts that are under 10 years old will make his AAoA even higher in ten years when those cards fall off the report. Also assuming he has low UTIL, he's correct.
Pretty sure the guy was referring to the present-tense. He probably wanted to lengthen his AAoA to get a better rate on the mortgage. As far as your assumption, that only holds if said person doesn't open any more new accounts. With fewer data points available, new accounts will have more of an effect on AAoA.

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