@heyarrnold wrote:It wasn't worth it for me. I get the same transfer ability from the Ink, and other cards provide primary rental insurance too. So, I downgraded it to the Freedom.
Chase business cards are the exception obviously
@Also @Anonymous... Chase makes it a real PITA to change from CS to CSP once you have downgraded already have read a few threads on it although it is possible, just gotta deal with lending.. How the 5/24 rule plays into this if at all is another thing to consider. They know one is just trying to avoid the AF and have the best of both worlds by doing this. Just my take.
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:Based on how much you travel, and that you have a freedom, I would keep it.
If you do the math and you ended up spending under 2375 for the year on dining/travel, then you lose money. (unless you rent cars a ton and that was used a lot)
If you would have spent that same amount on the Chase Sapphire you would have been better off. I would always tell someone to downgrade and just keep $500 on it. That way one day if you decide to get the ink or travel more you can go back to CSP and not deal with the hassle.
Can you explain the $2375 figure? Why is the card worth keeping if you spend over that amount on dining compared to the no AF CS? I'm just curious about the math and what the significance of that cutoff is.
I dunno I just did simple math. Assuming that a person got 2ish cents a point in value transferring to a travel partner and spent all their money in the 2x category, $95 in value from spending $2375 on dining/travel. Had they spent the $2375 on regular CS they would have 2375 points valued at $47.50. So you would need to spend $7125 or more annually I believe for the CSP to outweigh the CS just on point value, not including insurance, or portal bonuses, etc. Right, ?
Oh I see where you got your numbers. While I agree in theory you are not guaranteed to be able to get a redemption value of at least .02 per point. It is certainly possible but by no means guaranteed.
;
Darn didn't realize that this was an old thread that got resurrected. Didn't mean to reply to something that was dated. Heh.
@jawbrkr wrote:
@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.
I downgraded like a year or two ago.