I have the chase sapphire preferred which I just received my second bonus 2 months ago. I also have the chase freedom unlimited which I've had for about 2 years. I want to take advantage of the pay yourself back deal and cash out a lot of my points on grocery/dining. is it possible for me to upgrade from the CFU to the CSR, get the CSR (obviously without a bonus) and then cash out all my combined chase points (between me and my wife) on the CSR for 1.5 Per point?
it would only be worth it for me if I can do this and not pay the full annual fee of 550. so if I can do this now, and cash out asap and then downgrade back to the CFU after I cash out, would I only have to pay the prorated fee? - of about 2 months worth.
also would I have a hard pull? what about if I am at 5/24 already?
thanks