@Anonymous wrote:
@nick125 wrote:
@Anonymous wrote:
@Anonymous wrote:Thanks. Do you know if the rewards for Sapphire preferred are different (better) than the regular Sapphire?
Only tangible difference that I can tell is the CSP points can be transferred for airline miles. But, if you have freedom or other cards that earn reward points, they can be transferred to your SCP account.
The other difference is that the CSP gets the 7% dividend on points earned -- although, I think that only applies for points earned on the CSP, not points transferred in from Freedom.
Yes. That is true. althought 7% on an 1% reward is 0.07% reward. It's is a benefit, but nothing staggering.
Correct for a net yield of 1.07% reward on "all other purchases" on CSP. And on travel and restaurant the CSP yields 2.14% reward. But remember if you are using the CSP + Freedom + Checking combo correctly, "all other purchases" should be put on the Freedom card which yields 1.1% reward + 10 points net per transaction. But there is an exception to using Freedom over CSP on restaurant purchases, I'll explained below.
Where the freedom excels is small purchases and is uber for purchases $10 or less. Here's a few examples:
1. Spend $10, earn 21 points. How: $10 points gets 11 points + 10 points per transaction. 21 points is 21 cents which is 2.1% on a $10 purchase.
2. Here's the exception mentioned above: Spend $9, earn 19.9 points. How: $9 gets 9.9 points + 10 points per transaction. 19.9 points is 19.9 cents which is 2.21% on a $9 purchase. Freedom 2.21% (all other purchases) > CSP 2.14% (at restaurants). Imagine a to-go order for one or lunch? Anything less than $9 purchase yields a higher % reward!!
3. Last example: Spend $1 on a catagory purchase that earns 5% cash back, earn 15.5 points. Without doing the full breakdown again 15.5 cents on a 1 dollar purchase is 15.5%!!
Another great option: Transfer to a participating airline frequent flier program. Use your CSP abroad to save the foreign transaction fee. Boom. I need this combo. I should post this on a separate thread.
