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main perk is to be able to transfer UR points from freedom to CSP (makes easy earned freedom point way more valuable than just cashbacks)
and 1:1 to airline points (again.. lot more value to your UR points)
lastly.. metal
@Drew wrote:
I don't get the big deal about CSP. It is basically the same as CS with a tiny bit more perks. The tiny perks are useless for most people who don't spend more than 100k per year on this one credit card. I can't say for sure but I doubt the majority of people on this board are charging that much on a single credit card; however, I could be wrong. I feel a little crazy at this point because of all the CSP discussions.
The biggest real perk of CSP vs CS is the ability to transfer points to partners. When you get the card, you get 40K points and that can be a big add to whatever airline/hotel account you have. Using the mall, and accumulating points from Freedom and/or Ink, means you can get good rewards without spending $100K per year.
The CSP isn't a great EARNING card, a little like the Amex Platinum, you have it for other reasons than to spend on it.
Edit: i.e. what rustystick said!
@longtimelurker wrote:
@Drew wrote:
I don't get the big deal about CSP. It is basically the same as CS with a tiny bit more perks. The tiny perks are useless for most people who don't spend more than 100k per year on this one credit card. I can't say for sure but I doubt the majority of people on this board are charging that much on a single credit card; however, I could be wrong. I feel a little crazy at this point because of all the CSP discussions.The biggest real perk of CSP vs CS is the ability to transfer points to partners. When you get the card, you get 40K points and that can be a big add to whatever airline/hotel account you have. Using the mall, and accumulating points from Freedom and/or Ink, means you can get good rewards without spending $100K per year.
The CSP isn't a great EARNING card, a little like the Amex Platinum, you have it for other reasons than to spend on it.
Edit: i.e. what rustystick said!
+1
Essentially, a good return/offset value on the annual fee for annual spend.
@Drew wrote:
I appreciate all the feedback. But is the card really worth $95.00 per year if you don't really do any traveling? If you are looking to accumulate points for cash back, wouldn't it just be better to use Freedom vs. Sapphire. I have yet to receive my Sapphire but I really didn't see the value in upgrading based on the things that have already been mentioned. Maybe I am alone on this one.
If you do not travel frequently (in addition to the intended/primary usage for this product), then you will not see any value or added benefit with the CSP to justify the annual fee.
Yes, if you don't travel, and are looking for purely cashback, the CSP isn't the right card for the long term. But if your credit can take an extra card, get it for the sign up bonus, cash it out and cancel when the annual fee comes due. Good sign up bonuses usually far outdo cash back (with a few exceptions..)
But for long term cards, there are a lot of no AF cashback cards, such as Fidelity Amex and Priceline Visa (2% on everything, no restrictions on what they can be redeemed for), rotating cards like Freedom/Discover , US Bank Cash Plus, Barclaycard Arrival. But go for big sign up bonuses first, if actual cash is what you want.
@longtimelurker wrote:
@Drew wrote:
I don't get the big deal about CSP. It is basically the same as CS with a tiny bit more perks. The tiny perks are useless for most people who don't spend more than 100k per year on this one credit card. I can't say for sure but I doubt the majority of people on this board are charging that much on a single credit card; however, I could be wrong. I feel a little crazy at this point because of all the CSP discussions.The biggest real perk of CSP vs CS is the ability to transfer points to partners. When you get the card, you get 40K points and that can be a big add to whatever airline/hotel account you have. Using the mall, and accumulating points from Freedom and/or Ink, means you can get good rewards without spending $100K per year.
The CSP isn't a great EARNING card, a little like the Amex Platinum, you have it for other reasons than to spend on it.
Edit: i.e. what rustystick said!
...and it's METAL!
@Drew wrote:
I don't get the big deal about CSP. It is basically the same as CS with a tiny bit more perks. The tiny perks are useless for most people who don't spend more than 100k per year on this one credit card. I can't say for sure but I doubt the majority of people on this board are charging that much on a single credit card; however, I could be wrong. I feel a little crazy at this point because of all the CSP discussions.
I am planning to app for the CSP in Feb, 2014...but if in the year I see I cannot offset the AF, I will downgrade to the CS.