CSP - Keeper?

[TheBoondocks]

Hey guys, so with the new benefits I know the hotel credit is still new but those that have gotten the card with the bonus and the new changes in effect. Its effect $45/y, would you guys keep it? I mean it's not the same as IHG, Hyatt, etc free night but its prepaid in a sense. I think for me, I wouldn't keep it cause I'm not much if a traveler, and I rather have the FU over the CSP. What you guys think?

[FinStar]

You can always PC to Freedom Unlimited (or Freedom if still available), or even the no-AF Sapphire (non-Preferred) if your travel needs have changed 🤷‍♂️  Everyone has different needs depending on how invested you are in the UR ecosystem. What may work for others benefits-wise, travel redemptions, etc, may not necessarily align with your goals. Do the math.

[NRB525]

If you don't travel often, then you probably don't want to stray too far from cash back. The CFU seems like it could be a better deal. Are they still offering 5 UR on groceries up to $12,000 during the first year? That's potential 60,000 point sign up. CFU gets 3 UR on dining, 1.5 UR on non-category spend, both of which beat CSP.  Only if you use CSP for 1.25cpp redemption for travel ( or Pay Yourself Back while that lasts ) does CSP get an edge, along with some extra points for the SUB. 

But after the first year, with no travel, CSP has a challenge to look better than no-AF CFU.

[Hoben02]

Beyond just the first year, the card still retains its value for cardholders with modest credit budgets. You'd need to earn only 7,600 Ultimate Rewards points to balance out the annual fee. That's because, at a rate of $0.0125 per point for travel purchases, 7,600 points is worth $95 in travel.

personally, I easily earn this amount due to the chase trifecta; csp, cfu, cf, but when it comes to individual spend on just the csp I have put very little spend only using the rideshare bonus. I will continue to keep this card since you need it to be able to transfer ur points to transfer partners.

in your case do you travel enough to use the chase ur points no use accumulating a large account if you will not use the points to travel, becuz cash redemption is a penny a point that and the fact there are better earning cash back cards out there

[Anonymous]

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@Hoben02 wrote:

Beyond just the first year, the card still retains its value for cardholders with modest credit budgets. You'd need to earn only 7,600 Ultimate Rewards points to balance out the annual fee. That's because, at a rate of $0.0125 per point for travel purchases, 7,600 points is worth $95 in travel.

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But the goal shouldn't be to balance out the annual fee.   You don't need to earn anything to balance out the $0 AF on the CFU for example.

If we compare the CFU 1.5c per $ vs CSP effective 2.5c per $ on non-portal travel purchases and redeemed for travel, you would need to spend $9,500 on travel for the CSP to beat the CFU.     If you can use the hotel credit then things are more attractive but it's not as simple as 7,600 UR.

CSP is great for the first year with the SUB, and if you transfer points.  But if you don't travel, not a good choice past that IMO

[CreditCuriosity]

I personally think the CSP > CSR currently although understand that isn't the question.  Don't forget if one rents or can even rent a car these days includes free primary rental insurance which also adds value above hotel small credit.

[ChargedUp]

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@CreditCuriosity wrote:

I personally think the CSP > CSR currently although understand that isn' the question.  Don't forget if one rents or can even rent a car these days includes free primary rental insurance which also adds value above hotel small credit.

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^^^ This... If you rent cars with an regularity, the CSP pays for itself quite easily considering LDW can run $30+/day at some rental agencies. Think of it as $95 for a year of LDW at most any car rental agency.