Originally Posted by
StartinSanDiego
That was interesting. Thanks for the link. I went further and listened to this one, "The Cult of the Chase Sapphire Reserve Card," about half way down the page:
https://www.bloomberg.com/news/artic...edit-card-king
About 1:34 seconds in, comes the graphic "Credit Card Churning 101." Her response is that Chase is not looking for "serial starters" who love 'em and leave 'em, but rather targeting those long term "high spender" customers for a premium product.
That may be their target, but I don't see the downside in churning this one. 100,000 pts less $450 in fees still leaves you with 55,000 pts if you pay the fee with your points, which is still more points than the CSP gives you. Add in the $300 travel credit, which can be used twice in 2 calendar years for a single annual fee, and you come out way ahead even if you are a typical no fee churner. If you have a significant other, you can take turns holding this card and keep earning the bonus to cover the fee (and then some) each year.
Since I need to renew my Global Entry next March I think I will be doing this one as soon as I meet the spend requirments on my Chase Ink Preferred that I just got.