Does Blue Sky Preferred beat CSP?
Mar 20, 2014 | 11:23 am
#1
Original Poster
Join Date: May 2010
Programs: United MMer 1K, Hilton Lifetime Diamond
Posts: 184
Does Blue Sky Preferred beat CSP?
https://www304.americanexpress.com/c...sky-preferred/
2X points on dining, flights, hotel, and cars with 1% unlimited back everywhere else. $75 fee and 2.7 FTF.
Every 7,500 points gets you $100 back in statement credit when used to pay back for expenses.
Isn't this better than the CSP if not taking into account sign on bonus, transfer partners, and Freedom/Ink?
2X points on dining, flights, hotel, and cars with 1% unlimited back everywhere else. $75 fee and 2.7 FTF.
Every 7,500 points gets you $100 back in statement credit when used to pay back for expenses.
Isn't this better than the CSP if not taking into account sign on bonus, transfer partners, and Freedom/Ink?
Mar 20, 2014 | 12:28 pm
#2
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,897
Flights do not earn 2X
It's 1.33% everywhere else, because the points are worth $0.0133 each. Ultimate Rewards points are worth $0.0125 when redeemed for paid travel, but when you take into account the Sapphire Preferred 7% annual dividend the redemption value per dollar spent works out to be the same.
You will earn an additional 1 point (2 points total) for each dollar of eligible purchases made at restaurants located in the U.S., for hotel stays charged directly with the hotel (timeshares, banquets and events, travel packages and hotel rooms paid for through a travel agent or travel website are excluded), and for car rentals charged directly with select major car rental companies (the current list of select major car rental companies at which you can earn an additional 1 point is available at americanexpress.com/rewards-info).
It's 1.33% everywhere else, because the points are worth $0.0133 each. Ultimate Rewards points are worth $0.0125 when redeemed for paid travel, but when you take into account the Sapphire Preferred 7% annual dividend the redemption value per dollar spent works out to be the same.
Last edited by mia; Mar 20, 2014 at 12:43 pm
Mar 20, 2014 | 2:50 pm
#4
Original Poster
Join Date: May 2010
Programs: United MMer 1K, Hilton Lifetime Diamond
Posts: 184
Im heavily invested in my CSP, Freedom, and Ink but the BSP looked a lot less hassily especially with the $100 annual incidental credit.
Mar 22, 2014 | 8:23 pm
#7
Join Date: Aug 2010
Location: CLT
Programs: AA, AS, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,075
You may get a few more points with BSP vs CSP, but the UR points are WAY more valuable than BSP points. BSP can only be used for travel reimbursement, while UR can be transferred to airlines, hotels, used for statement credit, or used for travel reimbursement (and with the 20% bump it's almost equivalent to BSP as noted above).