Author Topic: Misc Credit Card Questions  (Read 834506 times)

Offline Young explorer

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Re: Misc Credit Card Questions
« Reply #9915 on: February 28, 2021, 11:37:28 PM »
    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
you can upgrade with no hard pull even past 5/24, they would charge you your annual fee but you'll get refunded when you downgrade back to the csp. You can transfer all your points to your Sapphire card to redeem it for 1.5 . Just make sure to use the $300 annual credit before you downgrade back.
Personally I'm not telling you they won't flag your account, so it might be worth it for you to keep it open for 2 months before downgrading back...

Offline hide4

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Re: Misc Credit Card Questions
« Reply #9916 on: March 01, 2021, 02:14:32 AM »
Does Amex cancel A.U.ís if no social or dob is given?

Offline justmeha

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Re: Misc Credit Card Questions
« Reply #9917 on: March 01, 2021, 02:16:25 AM »
Does Amex cancel A.U.ís if no social or dob is given?
yes

Offline hide4

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Re: Misc Credit Card Questions
« Reply #9918 on: March 01, 2021, 02:32:16 AM »
yes
Thanks, so I have to provide both?

Offline justmeha

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Re: Misc Credit Card Questions
« Reply #9919 on: March 01, 2021, 10:07:19 AM »
Thanks, so I have to provide both?
you definitely need to provide the social, and after that I can't see why you wouldn't add the DOB as well.
IOW I'm not sure if you need both, but I know you need the SS#

Offline free123cc

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Re: Misc Credit Card Questions
« Reply #9920 on: March 01, 2021, 02:29:03 PM »
you can upgrade with no hard pull even past 5/24, they would charge you your annual fee but you'll get refunded when you downgrade back to the csp. You can transfer all your points to your Sapphire card to redeem it for 1.5 . Just make sure to use the $300 annual credit before you downgrade back.
Personally I'm not telling you they won't flag your account, so it might be worth it for you to keep it open for 2 months before downgrading back...

thanks.
i wouldnt be able to upgrade from the csp, bec that was just opened 2 months ago and I believe it cant be upgraded in yr 1. i would need to upgrade and then downgrade from the cfu. would that be possible?

Offline justmeha

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Re: Misc Credit Card Questions
« Reply #9921 on: March 01, 2021, 03:27:49 PM »
thanks.
i wouldnt be able to upgrade from the csp, bec that was just opened 2 months ago and I believe it cant be upgraded in yr 1. i would need to upgrade and then downgrade from the cfu. would that be possible?
yes

Offline free123cc

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Re: Misc Credit Card Questions
« Reply #9922 on: March 01, 2021, 04:10:30 PM »
you can upgrade with no hard pull even past 5/24, they would charge you your annual fee but you'll get refunded when you downgrade back to the csp. You can transfer all your points to your Sapphire card to redeem it for 1.5 . Just make sure to use the $300 annual credit before you downgrade back.
Personally I'm not telling you they won't flag your account, so it might be worth it for you to keep it open for 2 months before downgrading back...

has there been any dp of ppl upgrading and then a few months later downgrading and getting the annual fee prorated? even though u used up the benefits the card offers?

Offline JoshNY

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Re: Misc Credit Card Questions
« Reply #9923 on: March 02, 2021, 03:26:39 PM »
:(

so it looks like my 2 best options for cards with Return Protection and no FX fee remain the Amex Platinum and the Sapphire Reserve. As I mentioned I don't mind the Annual Fee, can anyone recommend one of them over the other??


Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #9924 on: March 02, 2021, 05:32:00 PM »
so it looks like my 2 best options for cards with Return Protection and no FX fee remain the Amex Platinum and the Sapphire Reserve. As I mentioned I don't mind the Annual Fee, can anyone recommend one of them over the other??
Amex

Offline JoshNY

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Re: Misc Credit Card Questions
« Reply #9925 on: March 02, 2021, 06:56:09 PM »

Offline Lou Bob

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Re: Misc Credit Card Questions
« Reply #9926 on: March 02, 2021, 07:27:51 PM »
For which reasons?
Amex is much easier to deal with.
Always use an Amex, you'll thank me one day.

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #9927 on: March 02, 2021, 08:03:33 PM »
Amex is much easier to deal with.
Indeed. As well as better overall benefits IMO (obviously subject to your specific case). As your asking in regards to return protection, I'd go for the amex (perhaps also consider the amex blue cash preferred)

Offline JoshNY

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Re: Misc Credit Card Questions
« Reply #9928 on: March 02, 2021, 08:06:18 PM »
Indeed. As well as better overall benefits IMO (obviously subject to your specific case)

If you would be able to elaborate on the better benefits, I would be very grateful.

I only need it for occasional purchases (meeting spend target not a problem as some big expenses coming up) but as I am not in the US currently the return protection is important - it comes in very handy. Travel credit could also always be used.

Offline Dovdovmoneytree

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Re: Misc Credit Card Questions
« Reply #9929 on: March 02, 2021, 08:08:13 PM »
What is my best option for downgrading a Barclays Arrival+ to a $0 annual fee card? I prefer to not just shut it down, thus lowering my credit ratio..... but don't find enough value in it.