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Need advice on applying to CSP again

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Valued Member

Need advice on applying to CSP again

I got my CSP first time in 2014. My annual fees will hit 9/1. I am planning to downgrade this card to another chase freedom (I already have chase freedom and got chase freedom unlimited on 8/1) and apply for CSP again, aiming for the signup bonus 60000 UR. Later i can convert this into CSR, after i start to travel next year. I have 4 chase cards already with combined limit $20,300. Is it a good idea to downgrade CSP and get new CSP for signup bonus? Advice please. 

Discover - 12/30/2013 - $8900
DCU - 01/05/2013 - $5000
Chase Freedom - 04/28/2013 - $2700
Citi Thank you - 05/29/2013 - $4500
Chase Sapphire preferred - 09/01/2014 - $8000
Chase United Explorer - 9/01/2014 - $1500
Amex Blue Cash Everyday - 5/2013 - $16000
Citi Costco - 10/2018 - $6000
Chase freedom Unlimited - 8/1/2020 - $8100
CK TU score : 735
CK Equifax: 743
DCU free EQ score : 723. Missed 15 payments in 2017.
4 REPLIES 4
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Super Contributor

Re: Need advice on applying to CSP again

I did something similar and it worked well.

 

2013: Freedom with SUB

2015: CSP with SUB

2018: PC CSP to CFU

2018: CSR with SUB

2020: PC CSR to 2nd Freedom

 

One thing to be careful about is that if your income is below $60k or so you might want to request a CLD on one or multiple cards a few days before applying to ease the process of getting a $5k approval.

 

You might update your signature!

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 2 of 5
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Moderator

Re: Need advice on applying to CSP again

As long as you do not hold a Sapphire product at the time of application and have not received a SUB for a Sapphire product in the past 48 months you should be good!

Message 3 of 5
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Valued Contributor

Re: Need advice on applying to CSP again


@K-in-Boston wrote:

As long as you do not hold a Sapphire product at the time of application and have not received a SUB for a Sapphire product in the past 48 months you should be good!


Spot on. Wanted to just add, 48 months from the bonus post not card opening. I would wait 48 months + 1 day from bonus post to be safe.

Message 4 of 5
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Valued Member

Re: Need advice on applying to CSP again

Thanks all for the advice. Last time i got bonus was in 2014, so i should be good now. 

Discover - 12/30/2013 - $8900
DCU - 01/05/2013 - $5000
Chase Freedom - 04/28/2013 - $2700
Citi Thank you - 05/29/2013 - $4500
Chase Sapphire preferred - 09/01/2014 - $8000
Chase United Explorer - 9/01/2014 - $1500
Amex Blue Cash Everyday - 5/2013 - $16000
Citi Costco - 10/2018 - $6000
Chase freedom Unlimited - 8/1/2020 - $8100
CK TU score : 735
CK Equifax: 743
DCU free EQ score : 723. Missed 15 payments in 2017.
Message 5 of 5
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