re: Credit Card Rewards and Points Discussion

You cannot be holding a CSR and get the CSP bonus.

You also want to avoid canceling the CSR, as data points suggest you'll have to wait 30 days to apply for the CSP.

Product change the CSR to a freedom (it's nice having multiple freedoms anyway), then you can likely apply in a week, though some people are only needing to wait a few days.

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How do people avoid losing their banked ultimate reward points by not having an active sapphire? They would have to transfer them to a new Freedom if they didn’t have one?

I can’t do it. I already have CSP that I’m going to downgrade and a CSR, but going to refer my wife

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1) I assume anyone this far along in the game already has a Freedom (discontinued), Freedom Flex, or Freedom Unlimited.

2) All these Chase cards earn their "cash back" as Ultimate Rewards, so downgrading the CSP to Freedom wouldn't lose any points. The points just can't be used for anything but cash back until you couple a premium card with it again, which happens when you get your new CSP.

Ya definitely move the points to those cards before doing anything.

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So do you guys think I would need to cancel the CSR and then wait 30 days?

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The data points suggest you should downgrade the card to a freedom instead of canceling. The clock is shorter that way vs 30 days for closing.

I would not hold my breath that this deal lasts a whole month.

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This shite used to much simple when it was 2 years… 4 years certainly gets you settled in. But I guess that was the point.

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I have an old 5x Ink Bold I keep as my premium transfer card. I've already gotten like my fourth CSP/CSR (usually get CSP because bonus is higher) a year ago for 80k so my clock isn't anywhere near four years. I put a reminder on my Google calendar and then it surprises me one day to remind me to apply and do it again.

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You think I can have 2 freedom cards though?

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Which Freedom do you have? If you have the original Chase Freedom you can downgrade to Flex. If you have Flex you can downgrade to original Freedom.

Of course, you won't be able to hit the Flex bonus if you go that route, so hopefully you can downgrade to original Freedom and avoid any sign up bonus loss since that Freedom is no longer available for sign ups.

I have CFU, FF, and Original Freedom but I did it the old fashioned way through regular signups.

BTW you have nothing to lose. If they say no, continue on with your plan.

Ya Unlimited and Flex/Original Freedom are totally different animals.

I'd try to go for the original Freedom if you can, that way you can still get the 20k Flex bonus later.

There's really no reason not to have a Freedom card. No fee and 5x categories are a good boost.

Between me and my wife I have 4 Freedoms, so that's 30k a quarter. I usually max two quarters easily. The third I could if I wanted. There's one quarter I can't max.

Ones I can are Groceries, Amazon, and PayPal (my utilities accept PayPal so I just prepay them)