@takeshi74 wrote:You can't poll to determine if something is worth it to you. Worth is always highly subjective, regardless of topic. My CSP is worth it to me but that doesn't mean anything to you unless your spend, redemptions, etc are similar enough to my own.
For any rewards card you should be crunching the numbers for your spend. For rewards cards like the CSP you also need to consider how the redemption methods you're using are impacting your rewards value. If you cannot or will not perform this sort of analysis, cash back cards are much easier since it's just a matter of spend * cash back rate.
@Mattopotamus wrote:
Also remember that if you book travel through ultimate rewards there is a 20% discount. That alone can cover the AF with just a couple of trips.Carefully compare. Better value is generally attained by transferring but it really depends on the specifics.
I have heard in the past people say there us a no AF version of the CSP that one can downgrade to. How true is this? Anyone know? I have to consider whether i want to keep my CSP and pay the annual fee or downgrade to the regular CS. If they do in fact allow a downgrade to that, I might consider it. I use the CSP as my main card and spend mostly on it but my spend at the moment is definitely not enough to warrant paying Chase $95 every year.
you can downgrade the chase sapphire preferred to a sapphire. You'll lose out on the 20% discount when using points on travel. The no FTF. The 1:1 point transfer for travel programs.
I looked at a flight on ultimate rewards recently and it's the same on the site as it is on there but with UR I got 20% off using the points--it's a domestic trip so I opted to use my miles on delta instead (have a lot) and it was 35,000 miles when the face value of the tickets were around 300$
So you can see it's a bit helpful, if you really look and wait you can get even better deals, which is why I opt not to use it just yet--I have a colleague who booked tickets to HK for free basically with his points. The deal was pretty good, better than if he paid cash with the carrier direct.
Is it worth it to me? Better then Amazon prime.
Is it worth it to you? You'll have to do the deciding
I looked at a flight on ultimate rewards recently and it's the same on the site as it is on there but with UR I got 20% off using the points--it's a domestic trip so I opted to use my miles on delta instead (have a lot) and it was 35,000 miles when the face value of the tickets were around 300$
So you can see it's a bit helpful, if you really look and wait you can get even better deals, which is why I opt not to use it just yet--I have a colleague who booked tickets to HK for free basically with his points. The deal was pretty good, better than if he paid cash with the carrier direct.
Is it worth it to me? Better then Amazon prime.
Is it worth it to you? You'll have to do the deciding
@CreditCuriousity wrote:Don't forget about primary renter insurance coverage a benefit that is overlooked on this card alot which can pay the AF there alone
This is worth it to some people but to people who do not have a car it doesn't make a difference. To OP whether or not the card is worthwhile depends on your spending habits and how you value the benefits. Since I have the ink card I didn't need to keep my CSP so I downgraded to a CS which has no AF but allows me to still get the dining bonus and I use the card quite a bit. If I did not have the ink card then I would have paid the AF on the CSP, because I want the ability to transfer to chase travel partners and I tend to earn a decent amount of them through my various spend with Chase. If you are not earning enough Chase URs for worthwhile redemptions with Chase (or you are not interested in redeeming with a Chase travel partner) then the is likely not worth it after the first year. If you have upcoming travel it is nice have a no FTF card and the CSP gives extra points for travel. On a side note I just learned today that visa charges an extra percentage point on the foreign coversion rate vs what mastercard/amex charge. So for visa you pay an extra cent for every dollar spent. Its a small increase but can add up if you are spending significant amounts overseas.
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