@ToxikPH wrote: I’m stuck in 5/24 for the next two years. Is it possible to change my freedom card to a CSP once it hits a year old? Will I be eligible for a sapphire bonus is the future? Is this recommended?
Yes, you can pc your CF to a CSP. (I can't verify how long it has to be open to pc but one year should be good.) However, I'm not sure that's a good idea based on the second part of your question.
You are eligible for a Sapphire-family bonus if (1) you don't have a Sapphire card (CSP or CSR) *AND* (2) you haven't received a sapphire-family bonus in the past 48 months. So even if you just pc into the CSP without ever getting a bonus, you are ineligible for a bonus if you apply for a new sapphire card. Plus, you wouldn't want both Sapphire cards; one is all you need. The Sapphire cards are great and I highly recommend them. As long as the SUBs hold out, I would wait and just apply for one of them once you're under 5/24.
Plus ... the basic Freedom and the Freedom Unlimited become even more valuable when paired with a CSP or CSR. You might want to hang onto it. You'll get 25% more value in UR points on the CSP and 50% more value in UR points on the CSR. (So that 5% cash back can turn into 6.25% or 7.5% UR points, respectively.) If you think you need something more valuable on day-to-day purchases than the Freedom, you might consider pc-ing it into the Freedom Unlimited instead of the Sapphire. Then later, you can apply for a new Freedom card after you get your Sapphire card and now you would have the "Trifecta" as it is called.
OP what is your intended use of a CSP? I tend to agree the other cards you have will get you nearly the same ( or more ) rewards value than a CSP without bonus.
@Aim_High wrote:
@ToxikPH wrote: I’m stuck in 5/24 for the next two years. Is it possible to change my freedom card to a CSP once it hits a year old? Will I be eligible for a sapphire bonus is the future? Is this recommended?Yes, you can pc your CF to a CSP. (I can't verify how long it has to be open to pc but one year should be good.) However, I'm not sure that's a good idea based on the second part of your question.
You are eligible for a Sapphire-family bonus if (1) you don't have a Sapphire card (CSP or CSR) *AND* (2) you haven't received a sapphire-family bonus in the past 48 months. So even if you just pc into the CSP without ever getting a bonus, you are ineligible for a bonus if you apply for a new sapphire card. Plus, you wouldn't want both Sapphire cards; one is all you need. The Sapphire cards are great and I highly recommend them. As long as the SUBs hold out, I would wait and just apply for one of them once you're under 5/24.
Plus ... the basic Freedom and the Freedom Unlimited become even more valuable when paired with a CSP or CSR. You might want to hang onto it. You'll get 25% more value in UR points on the CSP and 50% more value in UR points on the CSR. (So that 5% cash back can turn into 6.25% or 7.5% UR points, respectively.) If you think you need something more valuable on day-to-day purchases than the Freedom, you might consider pc-ing it into the Freedom Unlimited instead of the Sapphire. Then later, you can apply for a new Freedom card after you get your Sapphire card and now you would have the "Trifecta" as it is called.
I don't believe you can even get a second Sapphire card if you already have one, I have heard it's an auto-decline. So OP would need to close the CSP account and then apply for a fresh Sapphire card.
I absolutely agree with you that OP should just keep the Freedom and apply for a Sapphire later, as both the CF and CFU cards are very excellent cards to pair with the Sapphire cards - that's why I got both in the same day 
Total Loan Balance: $43k / $65k
Total SL: $78k
@Anonymous wrote:
The only real hinderance is the CARD requirements.Can't change your AF more than 25% in the first 12 months.
Interesting, I had not thought of CARD ACT restrictions. However, I looked that up and don't think it applies. The paragraph to which you refer was aimed at protecting subprime cardholders with low credit lines getting dinged with excessive fees by shady lenders. The 25% is relative to the credit line, so 25% of $2000 CL = $500 in fees that the CARD ACT would restrict in this situation to protect the OP in year one. (That wouldn't stop Chase from giving him the CSP or the CSR since their AFs are less than $500.)
"The CARD Act includes a provision regulating subprime credit cards. These cards are marketed to consumers with poor credit histories and are characterized by low credit limits (usually less than $300) and high fees to open the account. After required fees are charged to the card at account opening, the available credit for these cards can be less than $100. Section 226.52 addresses this issue by restricting the amount of required fees that can be billed during the first year a credit card account is opened (other than any late fee, over-the-limit fee, or fee for a payment returned for insufficient funds) to no more than 25 percent of the credit limit." (consumercomplianceoutlook.org)
@wasCB14 wrote:Would they require the Freedom to have a $5k minimum CL? Your Freedom is only at $2k.
That's a great point and I think they would.
CSP is Visa Signature with minimum CL $5K.
CSR is Visa Infinite with minimum CL $10K.
(IF) they allowed a pc, he might have to still allow a hard pull to enlarge the CL to at least $5K.
I think it could be done, but that as has been pointed out, there are better options than just converting the CF to CSP. It's definitely a waste of a good SUB, if nothing else.