Originally Posted by
pritomd
Soooo I recently got a Citi Premier and Prestige. I am planning on diversifying and adding an Amex EDP and possibly PRG, and a CSP over the next year or two.
Based on the rule that Chase is tightening up on churning and will consider if you've opened X number of accounts in past 2 years...should I start my next card as the CSP? Because if I got the EDP/PRG, I'd already be at 4..........(and I am not sure but I may or may not have one from two years ago).
EDIT: I'm also thinking if it's even worth it to get into CSP. I am keeping the Prestige as a benefit from work allows me reimbursement for lounge access. The Premier has great earning on my Ubers/gas. Then I wanted the EDP for the grocery bonus and the PRG just to boost me up in MR (and maybe use it for restaurant spending)...so that sort of makes me question if I need a CSP as far as earning rates...but then the transfer partners come in and I hear about how great UR partners are compared to MR and TYP. I'd mainly be travelling between DC and Europe as far as how I plan to redeem...not planning to redeem too much for domestics.
I don't understand the question. Of course you want a CSP, and a Freedom, and right now you can get both. But if you apply for the other cards first, and I can't see any reason for that, then you are not going to qualify for them for another 2 years.
The CSP has no fee the first year, a 40K point sign up bonus, another $5K points for adding an AU to your app, and a min spnd of $4K. So there are 49K points. The no fee Freedom currently has an increased sign up bonus of 20K points. So an easy and no fee 70K points. Then use the Freedom for bonus categories, 5X per $ for the first $1500 each quarter, and there is another easy @5K + points a year. So an easy peasy 75K points.
IMO the Premier is a superior card to the CSP, and after doing the min spnd and category spend on the Chase cards, I'd put travel, dining, gas etc on it instead. But that's no reason to not
get the Chase cards now while you can.
EDP comes next, as the 4.5X on groceries is great, and it's not that hard to make 30 charges a billing period. You get that on the first $6K a year, which when you consider that GCs from grocery stores count too, there is another 27K points a year.
The Freedom offer is only good thru June 24, so I'd get that now. Spend on it so Chase sees you as a "good customer", then in a few months pick up the CSP. The moment you are approved for the CSP, you can immediately apply for the EDP, AMEX won't bat an eye over the Chase apps, assuming you have a decent credit history.
Just my two cents....