is the CSR for me? can I even get it?

[Anonymous]

hello, its been a while since I started a topic here. basically those are the 2 questions I'm asking myself since yesterday. a year ago I got too confident and appd for the CSP without having the minimum income requirements (student), got the 7days and got denied (that was the reason they gave and what the people here agreed on since I didn't have anything negative in my file).

today? 
income: ~20k since i've been working some, I graduate soon so that should hopefully go up in the near future lol.

5/24: 0/24
no derogs, 1 inq in TU that falls in June, 0 in Exp
score of 765, got it from amex.
my cards and CL are in my signature.
my relationship w/ chase: they gave me the Freedom 2yrs ago w/ a 1k limit, then they auto cli to 2k>3.5k. I've always payed in full except for once, but no lates or nothing. i never get prequals.

will i travel? once or twice a year, I would like to do it more often in the future. but i do dine out a lot.
does the annual fee hits up instantly or after a year? do you guys think the CSP is a better fit for me? i still like it but i do like the 300credit and i feel the csp will start lacking against the CSR. Im right to think the 100k sign up will not be back anytime soon right? thanks a lot in advance for your comments.

[Schwartzinator]

I've seen a number of people in the low to mid 20k incomes get denied for not meeting the minimu bar for the CSP. The CSR has a minimum starting limit twice as high. The cards are notlikely to be in your favor. You could list your household income (parents), but that's up to you. 

[Anonymous]

I would say risky coming from another student. I have a much shorter relationship with Chase than you, but with $70k of listed income I still got denied for the CSP, and the CSR is no doubt a much harder card to get. I think your 2 yr. relationship with chase helps, but if I were you I might take the CSP first as a safer choice in alternative to the CSR, if someone could back me up on this would be great.

[Anonymous]

thanks for the replies, do you really think the CSP will hold its value in a year or two w/ chase pushing the reserve?

[Anonymous]

I think the CSP can stand on its own. It's a great card in its class with a low AF and great earning power.

[Anonymous]

The Preferred is here to stay from what I can tell. It has been a long standing card, and as such I would guess profitable. The CSR, I see getting nerfed, slightly. I wouldn't be shocked to see the $300 credit drop to $200 or at least be locked to flights and hotels only. That or see Chase at least make it a credit once a year based on account, not calendar.

The Chase Sapphire Preferred is not worth the .5UR extra in dining and travel over the Freedom Unlimited unless one travels once or twice a year and uses their travel partners or portal (preferrably transfer partners). The Reserve is great for frequent travellers. And puts the travel portal on par with the transfer partners (I calculate about 50% more value through select transfer partners as about the best I could get), but with the flexibility to have airlines like Delta or AA if one prefers them. One would yearly have to spend 22,000 points through the portal or pay $5500 in dining and travel to make the Reserve worth more than the Preferred (assuming one uses all $300 in travel credits).

[Anonymous]

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@Anonymous wrote:
The Preferred is here to stay from what I can tell. It has been a long standing card, and as such I would guess profitable. The CSR, I see getting nerfed, slightly. I wouldn't be shocked to see the $300 credit drop to $200 or at least be locked to flights and hotels only. That or see Chase at least make it a credit once a year based on account, not calendar.

The Chase Sapphire Preferred is not worth the .5UR extra in dining and travel over the Freedom Unlimited unless one travels once or twice a year and uses their travel partners or portal (preferrably transfer partners). The Reserve is great for frequent travellers. And puts the travel portal on par with the transfer partners (I calculate about 50% more value through select transfer partners as about the best I could get), but with the flexibility to have airlines like Delta or AA if one prefers them. One would yearly have to spend 22,000 points through the portal or pay $5500 in dining and travel to make the Reserve worth more than the Preferred (assuming one uses all $300 in travel credits).

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putting this into perspective,l the CSP certainly aligns better with my spending. I'm still curious, does chase charge the annual fee of the reserve right away or after the year?

[SecretAzure]

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@Anonymous wrote:

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@Anonymous wrote:
The Preferred is here to stay from what I can tell. It has been a long standing card, and as such I would guess profitable. The CSR, I see getting nerfed, slightly. I wouldn't be shocked to see the $300 credit drop to $200 or at least be locked to flights and hotels only. That or see Chase at least make it a credit once a year based on account, not calendar.

The Chase Sapphire Preferred is not worth the .5UR extra in dining and travel over the Freedom Unlimited unless one travels once or twice a year and uses their travel partners or portal (preferrably transfer partners). The Reserve is great for frequent travellers. And puts the travel portal on par with the transfer partners (I calculate about 50% more value through select transfer partners as about the best I could get), but with the flexibility to have airlines like Delta or AA if one prefers them. One would yearly have to spend 22,000 points through the portal or pay $5500 in dining and travel to make the Reserve worth more than the Preferred (assuming one uses all $300 in travel credits).

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putting this into perspective,l the CSP certainly aligns better with my spending. I'm still curious, does chase charge the annual fee of the reserve right away or after the year?

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After the first year. So you could get it and if you don't spend enough, cancel the card before the AF hits. I think CSP is better for your with your travel. I was doing math (i'm bad at this) and I think I needed to dine for at least $4750 in order to recoup the AF...in a year where I didn't travel. If I travelled once or twice I think it involves way more complicated math that I'm not qualified to do. If you go through this much money in dining out then maybe this is the best option for you.

Edit: CSP is waived the first year, not Reserve

[Anonymous]

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@SecretAzure wrote:

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@Anonymous wrote:

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@Anonymous wrote:
The Preferred is here to stay from what I can tell. It has been a long standing card, and as such I would guess profitable. The CSR, I see getting nerfed, slightly. I wouldn't be shocked to see the $300 credit drop to $200 or at least be locked to flights and hotels only. That or see Chase at least make it a credit once a year based on account, not calendar.

The Chase Sapphire Preferred is not worth the .5UR extra in dining and travel over the Freedom Unlimited unless one travels once or twice a year and uses their travel partners or portal (preferrably transfer partners). The Reserve is great for frequent travellers. And puts the travel portal on par with the transfer partners (I calculate about 50% more value through select transfer partners as about the best I could get), but with the flexibility to have airlines like Delta or AA if one prefers them. One would yearly have to spend 22,000 points through the portal or pay $5500 in dining and travel to make the Reserve worth more than the Preferred (assuming one uses all $300 in travel credits).

---

putting this into perspective,l the CSP certainly aligns better with my spending. I'm still curious, does chase charge the annual fee of the reserve right away or after the year?

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After the first year. So you could get it and if you don't spend enough, cancel the card before the AF hits. I think CSP is better for your with your travel. I was doing math (i'm bad at this) and I think I needed to dine for at least $4750 in order to recoup the AF...in a year where I didn't travel. If I travelled once or twice I think it involves way more complicated math that I'm not qualified to do. If you go through this much money in dining out then maybe this is the best option for you.

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The Reserve fee is charged right away (1st day of the month after joining so it may be second statement).  For the CSP the fee is waived for the first year, but after it's like the reserve.