topic Re: Chase Freedom + CSP Combo in Credit Cards

Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 21:24:26 GMT

If you have both these cards, couldn't you use the Freedom for all of your other purchases (1%/1x point) and transfer them over to the CSP and they would still count toward the 7% annual dividend? Or are points only gained using the CSP eligible for that?

Getting the Chase Freedom and trying to determine how to spread spending between the two cards.

UPDATE: Just read that since July 20 they 7% dividend is no longer in effect?? Does this mean I don't have it anymore or is it grandfathered in? If it's grandfathered I'd be thrilled, would have just made the cut off. I apped and got approved July 14!

Re: Chase Freedom + CSP Combo

daybreakgonesXe — Sun, 27 Jul 2014 20:46:28 GMT

@Anonymous wrote:
If you have both these cards, couldn't you use the Freedom for all of your other purchases (1%/1x point) and transfer them over to the CSP and they would still count toward the 7% annual dividend? Or are points only gained using the CSP eligible for that?

Getting the Chase Freedom and trying to determine how to spread spending between the two cards.

Transferring points in won't count toward the 7% annual dividend, but I think in the past some people lucked out and got it anyways. If you have a Chase Checking account, though, you do earn an extra 10% annual bonus on your Freedom points.

Re: Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 21:01:14 GMT

@daybreakgonesXe wrote:
@Anonymous wrote:
If you have both these cards, couldn't you use the Freedom for all of your other purchases (1%/1x point) and transfer them over to the CSP and they would still count toward the 7% annual dividend? Or are points only gained using the CSP eligible for that?

Getting the Chase Freedom and trying to determine how to spread spending between the two cards.
Transferring points in won't count toward the 7% annual dividend, but I think in the past some people lucked out and got it anyways. If you have a Chase Checking account, though, you do earn an extra 10% annual bonus on your Freedom points.

Hmm so basically I should only use the Freedom card for the 5%/5x point categories and nothing else?

Re: Chase Freedom + CSP Combo

daybreakgonesXe — Sun, 27 Jul 2014 21:02:38 GMT

@Anonymous wrote:
@daybreakgonesXe wrote:
@Anonymous wrote:
If you have both these cards, couldn't you use the Freedom for all of your other purchases (1%/1x point) and transfer them over to the CSP and they would still count toward the 7% annual dividend? Or are points only gained using the CSP eligible for that?

Getting the Chase Freedom and trying to determine how to spread spending between the two cards.
Transferring points in won't count toward the 7% annual dividend, but I think in the past some people lucked out and got it anyways. If you have a Chase Checking account, though, you do earn an extra 10% annual bonus on your Freedom points.

Hmm so basically I should only use the Freedom card for the 5%/5x point categories and nothing else?

If you don't plan on signing up for a Chase checking, then yes! Freedom would only be useful for it's 5x, and then put all other spend on the CSP so you can get 2x on dining/travel and 1x on everything else, plus the 7% annual bonus.

Re: Chase Freedom + CSP Combo

j_casteel — Sun, 27 Jul 2014 21:04:15 GMT

There's a thread dedicated to this and maximizing the UR points using the Freedom and CSP. The work on the calculations of the break even amounts and when to use what card has already been done. Use the search function and you can find it.

Re: Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 21:15:15 GMT

@j_casteel wrote:
There's a thread dedicated to this and maximizing the UR points using the Freedom and CSP. The work on the calculations of the break even amounts and when to use what card has already been done. Use the search function and you can find it.

I had found this thread:http://ficoforums.myfico.com/t5/Credit-Cards/CSP-Freedom-Checking-Use-wisely/td-p/1355519

But this is for people with Checking, so slightly different than my situation. (Cannot get Checking because of my area).

EDIT: Just read that since July 20 they 7% dividend is no longer in effect?? Does this mean I don't have it anymore or is it grandfathered in? If it's grandfathered I'd be thrilled, would have just made the cut off.

Re: Chase Freedom + CSP Combo

daybreakgonesXe — Sun, 27 Jul 2014 21:17:30 GMT

@Anonymous wrote:
@j_casteel wrote:
There's a thread dedicated to this and maximizing the UR points using the Freedom and CSP. The work on the calculations of the break even amounts and when to use what card has already been done. Use the search function and you can find it.
I had found this thread:http://ficoforums.myfico.com/t5/Credit-Cards/CSP-Freedom-Checking-Use-wisely/td-p/1355519

But this is for people with Checking, so slightly different than my situation. (Cannot get Checking because of my area).

EDIT: Just read that since July 20 they 7% dividend is no longer in effect?? Does this mean I don't have it anymore or is it grandfathered in? If it's grandfathered I'd be thrilled, would have just made the cut off.

I'm pretty sure you're grandfathered in; just keep your eyes peeled for any changes in the coming months or years!

Re: Chase Freedom + CSP Combo

j_casteel — Sun, 27 Jul 2014 21:19:07 GMT

Regardless, read the thread and you will learn more than you know now.

Re: Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 21:25:41 GMT

It is a little misleading as they say to basically use the Freedom for all other purchases, which does not apply to me.

@j_casteel wrote:
Regardless, read the thread and you will learn more than you know now.

Re: Chase Freedom + CSP Combo

ezdoesit — Sun, 27 Jul 2014 21:27:31 GMT

@daybreakgonesXe wrote:
@Anonymous wrote:
@j_casteel wrote:
There's a thread dedicated to this and maximizing the UR points using the Freedom and CSP. The work on the calculations of the break even amounts and when to use what card has already been done. Use the search function and you can find it.
I had found this thread:http://ficoforums.myfico.com/t5/Credit-Cards/CSP-Freedom-Checking-Use-wisely/td-p/1355519

But this is for people with Checking, so slightly different than my situation. (Cannot get Checking because of my area).

EDIT: Just read that since July 20 they 7% dividend is no longer in effect?? Does this mean I don't have it anymore or is it grandfathered in? If it's grandfathered I'd be thrilled, would have just made the cut off.
I'm pretty sure you're grandfathered in; just keep your eyes peeled for any changes in the coming months or years!

I thought everyone who had the CSP before 7/20/14 would be grandfathered in for 2015,2016 then they are eliminating the 7% for everyone.

Re: Chase Freedom + CSP Combo

j_casteel — Sun, 27 Jul 2014 21:28:29 GMT

You read the entire thread?

It's not misleading and it still applies. If you want to maximize the UR points you use whichever card up to the break even mark or use the other card. You're only missing out on the checking aspect. You still build rewards and transfer to CSP the same.

Re: Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 21:37:28 GMT

@j_casteel wrote:
You read the entire thread?

It's not misleading and it still applies. If you want to maximize the UR points you use whichever card up to the break even mark or use the other card. You're only missing out on the checking aspect. You still build rewards and transfer to CSP the same.

Sorry, disagree, the thread addresses the old system of checking rewards with the 10points per transaction system. It is now really simple:

1) If you don't have checking, use Freedom on 5x and CSP for everything else (assuming these are the only cards you will have)

2) If you do have checking, use Freedom for everything except for dining and travel.

And once the 7% goes away, either for new apps or in 2016, it's even simpler, everyone can follow rule 2.

Re: Chase Freedom + CSP Combo

daybreakgonesXe — Sun, 27 Jul 2014 21:40:08 GMT

@Anonymous wrote:
@j_casteel wrote:
You read the entire thread?

It's not misleading and it still applies. If you want to maximize the UR points you use whichever card up to the break even mark or use the other card. You're only missing out on the checking aspect. You still build rewards and transfer to CSP the same.
Sorry, disagree, the thread addresses the old system of checking rewards with the 10points per transaction system. It is now really simple:

1) If you don't have checking, use Freedom on 5x and CSP for everything else (assuming these are the only cards you will have)
2) If you do have checking, use Freedom for everything except for dining and travel.

And once the 7% goes away, either for new apps or in 2016, it's even simpler, everyone can follow rule 2.

Re: Chase Freedom + CSP Combo

j_casteel — Sun, 27 Jul 2014 21:41:22 GMT

Shoot, my apologies, I forgot about the 10pts per transaction...my bad OP.

Thanks for clearing that up LTL.

Re: Chase Freedom + CSP Combo

Anonymous — Sun, 27 Jul 2014 22:13:02 GMT

@Anonymous wrote:
@j_casteel wrote:
You read the entire thread?

It's not misleading and it still applies. If you want to maximize the UR points you use whichever card up to the break even mark or use the other card. You're only missing out on the checking aspect. You still build rewards and transfer to CSP the same.
Sorry, disagree, the thread addresses the old system of checking rewards with the 10points per transaction system. It is now really simple:

1) If you don't have checking, use Freedom on 5x and CSP for everything else (assuming these are the only cards you will have)
2) If you do have checking, use Freedom for everything except for dining and travel.

And once the 7% goes away, either for new apps or in 2016, it's even simpler, everyone can follow rule 2.

Thank you so much for clarifying! Really glad I apped a week before july 20.

No prob j_casteel