@iHackerSix wrote:Well guys as the title says: Has anyone had any luck converting a CSP to Freedom during your first year of card membership? I've had my CSP for 9 months now, I like Chase and my limit/interest rate but I simply don't travel enough anymore to make use of this great card. I think the Freedom card would suit me best from this point on but I don't want to pay the annual fee coming up in 3 months. I've read about people converting there CSP on here but I've never heard of someone doing this before their first year is up. Also, I'm sure someone will suggest to simply apply for the Freedom card outright but I do not want another inquiry or additional credit (my available credit is enough for me right now). Anyone have any experience with this?
did u mean freedom is starting annual fee after 3 months or ur CSP's annual fee is due in 3 months ? I wud say, CSP is the best, nobody really converts a CSP to a freedom. Sorry for my opinion. Thats what i feel.
@iHackerSix wrote:I use it for dining but I only dine out 4-5 times per month so it's not worth the 95.00 annual fee for me. My sister had the Freedom and loves the 5% categories vs my 2% Travel (which I won't be doing) and dining (which may get me 8-10 dollars in cashback) but would be cancelled by the annual fee. Overall the CSP is a great card but doesn't fit my needs anymore as all my travel will be paid by my employer and I don't personally travel much anymore.
If you at least break even with the dining category it might be worth holding onto the card if you feel you may have more use for it in the future. It would be a shame to take another inquiry and a reduction to AAoA a few years down the road to get a card that was previously in your posession.
Everyone loves CSP! hehe. I agree totally guys but I'm pretty sure OP has made up his mind and wants to move on.
Old method:
CSP converted to Chase Sapphire (non preferred) would drop your annual fee. A majority would convert to this rather than freedom, which is why a search won't bring up too many results on your current question. I call this the old method because the standard Chase Sapphire is no longer listed on Chase website as of a few weeks back. It may be phased out but you could still try a product change.
New method.
Chase freedom - $100-$200 signup bonus after $500 spend. 15 months 0% intro apr, rotating 5% rewards. Those benefits may be lost if you product change your card rather than opening up a freedom and moving over your CSP credit limit before closing it.
If you do try to convert to Freedom, please reply with your results! I too would change over if I at the least got the 15 months of 0% interest and dropped annual fee. The link I signed up for had me at $125 due in Nov.
Ok, I have to ask; what were the reasons you apped for the CSP? Sounds like your dining/travel spending hasn't recently changed. Usually, the sign up fee warrants keeping the card for 4-5 years because it pays for itself.
@iHackerSix wrote:
@09Lexie wrote:Ok, I have to ask; what were the reasons you apped for the CSP? Sounds like your dining/travel spending hasn't recently changed. Usually, the sign up fee warrants keeping the card for 4-5 years because it pays for itself.
Well at the time traveling for my work was picking up so much that the CSP seemed like a logical step. In fact I quickly met the 3,000 spend for 40,000 points traveling for work so that was a no brainer. But, as of last month I have an expense account and won't be putting any work travel on my personal card anymore. I personally don't travel much so it's become a burden to me. I don't need a travel card as I won't be traveling much if at all, I don't need to transfer to partners as I'm not a member of any frequent flyer program, and even if I break even with the annual fee I ask myself what's the point? Isn't the point to "earn" something for my spend rather than "break even"? I still think it's a great card for other people and even for myself when I used it for it's main purpose. I can see why many people love their CSP as I did when I traveled and dined out much more on my company's dime =)
I think you'll need to call and ask: it's a reasonable situation to switch, they may not allow you to do it, but if you no longer feel it's worthwhile it's PC or cancel it. I wouldn't do either personally with my experience in the job market as there's a non-zero chance you're going to be travelling again on your nickle, but on the flipside I didn't rush out to get a CSP when I was travelling occasionally for a major media company while being reimbursed, and I certainly didn't apply for one recently either: if you don't travel heavy, it's not that useful of a card as you intimate whereas a Freedom for all it's rotational annoyances, is a decent card in pretty much anyone's arsenal as a tradeline farm if nothing else.
