CSP Vs CSR, how much points am I losing? Also what to downgrade?
So I used to have the CSR as my main travel credit card, but a few months ago, I took advantage of the sign up bonus, downgraded the CPR to Chase Flex, and re apply for CSP. Now I'm traveling a lot more for work, is there a way to calculate how many points I'm missing out with CSP vs CSR? I'm wondering if I should downgrade CSP and re apply for CSR again.
If I decide to re apply CSR, What is my downgrade option? I already have the Freedom and Freedom Flex cards |
Originally Posted by lleung1980
(Post 34110882)
....a few months ago....re apply for CSP. ....if I should downgrade CSP and re apply for CSR again.
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I'm looking to downgrade CSP to free card like Freedom, then re apply for CSR. Do I still have to wait 12 months for that?
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Originally Posted by lleung1980
(Post 34111111)
Do I still have to wait 12 months for that?
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Originally Posted by lleung1980
(Post 34110882)
... is there a way to calculate how many points I'm missing out with CSP vs CSR?
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Originally Posted by lleung1980
(Post 34111111)
I'm looking to downgrade CSP to free card like Freedom, then re apply for CSR. Do I still have to wait 12 months for that?
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Originally Posted by pallhedge
(Post 34116881)
You can't be approved for a new CSR until it's been 48 months since your last Sapphire bonus. You're not close to that as you just got one for CSP.
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Originally Posted by blueman2
(Post 34118141)
Correct me if I am wrong, but you can be approved for a new CSR (4 days after PC from CSP), but not get the sign up bonus if less than 48 months since last SUB.
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Here are the Sapphire Reserve offer terms:
This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months |
Originally Posted by pallhedge
(Post 34120205)
This is incorrect. Refer to my earlier comment.
Originally Posted by mia
(Post 34120323)
Here are the Sapphire Reserve offer terms:
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Originally Posted by blueman2
(Post 34111227)
Assuming you use PYB to monetize your points, then travel spend on CSR = 4.5% back, and CSP = 2.5% back, so CSR gives you extra 2%. If you spend $7,500 in a year on travel, CSR would net you an extra $150. With the $300 annual travel credit, that brings CSR net annual fee cost down to $100. So at > $7,500 annual travel spend, you are better off witih CSR than CSP. And you get the other CSR benefits like PP Club access, etc.
The math 550-300 ( credit ) -95 = $155 ( I personally put 0 value on the $50 hotel credit bc I rarely if ever book hotels through third party booking systems ) $155/ .0025 ( the difference in what the points are worth through chases portal between the CSR and CSP) =62000 points |
Do understand that if you re-sign up for the CSR you will not be eligible for a sign up bonus since you received one within the last 48 months. Also in your case OP, since you just signed up for the CSP within the last year you won't be able to downgrade the card for at least 1 year.
I don't think its worth signing up for a new credit card if I am not getting a sign up bonus. I think my travel habits have changed and they beefed up the CSP card so much where now the dining 3x multiple is the same between both cards and they added a $50 hotel credit for the CSP. The biggest things I lose are Priority pass and 1x more on travel (2x with CSP vs 3x with CSR) which is not a big deal to me since travel expenses are not that high on my spending category and I have to pay an extra $155/year for it. |
Originally Posted by blueman2
(Post 34111227)
Assuming you use PYB to monetize your points, then travel spend on CSR = 4.5% back, and CSP = 2.5% back, so CSR gives you extra 2%. If you spend $7,500 in a year on travel, CSR would net you an extra $150. With the $300 annual travel credit, that brings CSR net annual fee cost down to $100. So at > $7,500 annual travel spend, you are better off witih CSR than CSP. And you get the other CSR benefits like PP Club access, etc.
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If you like the CSR for the 1.5X PYB/portal then the US Bank Altitude Reserve might also suit you.
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Although OP's situation is different, assuming if you have 48+month eligibility since the last CSR/CSP bonus,
What is the point of "downgrade" to another card? credit score? If you have Freedom to keep UR points, is there any pitfall to just cancel CSP/CSR and then reapply the other card CSR/CSP? EDIT: My bad.. I found a long story regarding benefit of product change here: Product Change But in this case no chance for SUB unless additional card which is downgraded. |
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