Your "options to do" once you meet the threshold are, for all intents and purposes, infinite. You are free to eat lunch, if that's what time of day it is. Or you can go fishing, if you are in the mood. Really whatever you feel like doing is fine.
Haha thanks George, your humor is fantastic.
I was looking to have someone knowledgeable to sum it up in one post. After all I come onto this forum as well as others to learn.
From what I know I can:
1) Downgrade the Sapphire to a Freedom card, get 10k UR points and then sign up for another SP card in a little while.
2) Sign up for the Sapphire regular, consolidate the SP onto the Sapphire regular and get 10k UR points for that card.
3) Merge both options 1 and 2, by signing up for both the Sapphire reg and the Freedom and CL the SP onto either.
Any other options I am missing on what I can do with the SP once I meet the threshold?