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@Citylights18 wrote:
@longtimelurker wrote:
@Citylights18 wrote:The CSR earns 3 cents per dollar spent on travel. One cent is worth one point.
It takes 33% less points to buy travel on the Chase portal with a CSR x1.5. That is 33% off or 33% back that you don't have to spend.
Thus the 3 cents per dollar has 33% more value (4 cents per dollar)
If the CSR divisor was x2.0 travel would be 50% off and the 3 cents per dollar now worth 4.5.
In percentages there are always two approaches, basically (New-Old)/Old and (New-Old)/New
These lead to the 50% vs 33% confusion, a 50% increase in the value of the unit leads to a 33% reduction in cost when paying with the inflated unit. But your way is just not a meaningful way to do the calculation. Consider this approach.
Instead of having a destination in mind, I am looking to see how I can spend my 100,000 UR. Looking it up using my CFU, I have choices of flights that cost up to $1000. If I transfer those points to the CSR, and look again, I find I have choices up to $1,500. Which implies that th value has gone up 50%!
And now suppose that Chase finally expands Pay Yourself Back to allow you redeem the URs for cash at the enhanced rate. Doing it with the CFU, I can cash out 100K UR for $1000. Doing it on CSR would return $1,500 Would you still maintain that was a 33% improvement?
That is different and actually a 50% increase.
Not different. Accurate. 50% "extra value" through CSR when buying the travel through the Chase Travel Portal vs CFF or CFU.
Might be time to take a break and consider what LTL and KiB have been outlining.
@NRB525 wrote:
Might be time to take a break and consider what LTL and KiB have been outlining.
Some people just refuse to be educated, and admit they're wrong.
@coreysw12 wrote:
@K-in-Boston wrote:Many of the comparisons on dining for example fail to take into account that there are no foreign transaction fees to completely negate any dining earnings as is the case on the lower tier cards. They are after all travel cards.
Excellent point. My CSR actually gets all of my foreign spend (both for bonus categories and otherwise) simply due to no FTF, but it only barely beats my lowly Cap1 Quicksilver that also has no FTF and offers 1.5% back on everything. Which gives me another idea: 1.5x on all foreign spend would be a great CSP/CSR feature, even if domestic spend stays at 1x.
The Cathay Pacific card by myFico's favorite lender, Synchrony offers 1.5x AsiaMiles on foreign spend.
It's also a $95 AF and the card's pretty weaksauce save for a churn (Cathay Pacific spend 2x, non-US spend and dining 1.5x, everything else 1x, though the just got through running a promotion for grocery/gas/dining for 3x in those categories, up to 2k miles).
I got it for a 40k miles churn and as part of my credit rebuild, I'll ditch it next year, but there IS a card out there that does that...
I'm hoping Chase will take a page out of Citi's book and make the CSP/CSR a more compatible pair like the Premier/Prestige or even the Amex Gold/Plat.
As it is, having either one significantly devalues getting the other. Anyone who makes even one international trip a year will almost certainly get more value out of the CSR and with 3% for dining now on the Freedom cards, the CSP needs to be revamped to where it can be used less for travel and more for other categories.
@notmyrealname23 wrote:The Cathay Pacific card by myFico's favorite lender, Synchrony offers 1.5x AsiaMiles on foreign spend.
It's also a $95 AF and the card's pretty weaksauce save for a churn (Cathay Pacific spend 2x, non-US spend and dining 1.5x, everything else 1x, though the just got through running a promotion for grocery/gas/dining for 3x in those categories, up to 2k miles).
I got it for a 40k miles churn and as part of my credit rebuild, I'll ditch it next year, but there IS a card out there that does that...
I haven't looked into it that deeply, but I believe some of the better CU cashback cards also have no FTF. Alliant Signature, for instance, offers 2.5% cashback on everything, with no FTF. It's only an "ok" card, in my opinion, for everyday domestic spend, but it would be an excellent card for those who spend a lot of money abroad.
In any case, I wish Chase offered something that gave us better than 1-1.5% return on foreign everyday spend. Being a top-tier travel card lineup, it should at least be able to beat my Cap1 Quicksilver
@jdbkiang wrote:I'm hoping Chase will take a page out of Citi's book and make the CSP/CSR a more compatible pair like the Premier/Prestige or even the Amex Gold/Plat.
As it is, having either one significantly devalues getting the other. Anyone who makes even one international trip a year will almost certainly get more value out of the CSR and with 3% for dining now on the Freedom cards, the CSP needs to be revamped to where it can be used less for travel and more for other categories.
A bigger SUB for the CSR would be nice, too (not that I would get it, but it would be nice for new members).
Because as things stand currently, you'd be nuts to sign up for the CSR directly... in almost every case, it's smarter to get the CSP and upgrade it to CSR after a year. Seems like with that $550 AF, they could afford to throw us a few more SUB points on that CSR, so people can sign up for it right away without feeling like they're missing out on $450 worth of SUB.
Alternatively, waiving the AF on the CSR for the first year would be equally good (maybe even slightly better)
Raising SUB for CSP is a weird move. It will not attract the clientele they are hoping for. CSP is not a keeper card and 80k sub not make it one.
I suspect Chase is trying to lock certain people out instead. 🤯
@MacCreed wrote:Raising SUB for CSP is a weird move. It will not attract the clientele they are hoping for. CSP is not a keeper card and 80k sub not make it one.
I suspect Chase is trying to lock certain people out instead. 🤯
I'm sure there are easier ways to lock people out than giving them $1000...
@coreysw12 wrote:
@jdbkiang wrote:I'm hoping Chase will take a page out of Citi's book and make the CSP/CSR a more compatible pair like the Premier/Prestige or even the Amex Gold/Plat.
As it is, having either one significantly devalues getting the other. Anyone who makes even one international trip a year will almost certainly get more value out of the CSR and with 3% for dining now on the Freedom cards, the CSP needs to be revamped to where it can be used less for travel and more for other categories.
A bigger SUB for the CSR would be nice, too (not that I would get it, but it would be nice for new members).
Because as things stand currently, you'd be nuts to sign up for the CSR directly... in almost every case, it's smarter to get the CSP and upgrade it to CSR after a year. Seems like with that $550 AF, they could afford to throw us a few more SUB points on that CSR, so people can sign up for it right away without feeling like they're missing out on $450 worth of SUB.
Alternatively, waiving the AF on the CSR for the first year would be equally good (maybe even slightly better)
Agreed. Especially with travel down. I am strongly considering getting it, knowing I'd just be banking those 80,000 points and likely upgrading to CSR by the time I use them. That's how it would shake out for me at the moment.
@Anonymous wrote:Agreed. Especially with travel down. I am strongly considering getting it, knowing I'd just be banking those 80,000 points and likely upgrading to CSR by the time I use them. That's how it would shake out for me at the moment.
It's a good strategy. I did that for both the easier approval of CSP vs CSR, and for the extra 10k (at the time) bonus points. I banked the points, and by the time I upgraded to CSR a couple weeks ago I already had almost 150k points saved up to use with my new 1.5x multiplier.