Chase Sapphire Preferred

[fusioncredit]

You weigh your credit cards? I'll need to get a better scale, because the one I have in the bathroom isn't accurate enough to do grams.

 

I wonder if I can just convert another Chase card I have to this one, to avoid another account and inquiry. I have three already, all with limits over 5K.

 

I just did this, twice.

 

Had a freedom MC. Converted it to the regular Sapphire 5 months ago with no hardpull (as long as the existing card has a 5k limit or greater). Then I got bored and wanted the Preferred, so I called back in and product changed again, no hard pull either.

 

It is seamless, same card number, same history, same APR and limit. Only thing that changes is the 3 digit code on the back of the card and maybe the exp date.

 

I called a regular CSR and they checked eligibility and got it done.

 

No negative effects at all. The card does report differently though, as a flexible spending card, thats just part of it being visa sig or world mc NPSL.

 

Does the credit limit report?

[mike82fl]

Mine is the world mastercard NPSL version. It does report and is counted into util by fico scorewatch. Pretty sure that Chase started reporting NPSL limits for the visa sig too. One one of my pullers it shows up under high credit i think, but is still counted.

[mysschevous]

Mine is a Visa Signature and it also reports the limit. HTH

[Vista]

I applied last Tuesday morning and haven't received the card yet (maybe tomorrow?), I should have specifically requested a Visa.

 

For those with the MC, did you ask for it?

[clutchcargo]

While this card is pretty cool looking, its rewards are only so-so. The real benefit is the ~$500 signup bonus (I actually got $1000), which you wont get with a product change. It's great to see Chase willing to convert cards TO this product, but with my annual fee coming up in a couple of months I'm more interested in converting my CSP to something else. I'll keep the nifty card as a souvenir.

[Creditus Maximus]

While this card is pretty cool looking, its rewards are only so-so. The real benefit is the ~$500 signup bonus (I actually got $1000), which you wont get with a product change. It's great to see Chase willing to convert cards TO this product, but with my annual fee coming up in a couple of months I'm more interested in converting my CSP to something else. I'll keep the nifty card as a souvenir.

 

 

The real benefit of the card is the annual 7% dividend on points and the ability to transfer points to airlines/hotels. Combined, the sapphire preferred and freedom card are a potent point-earning duo.

[clutchcargo]

While this card is pretty cool looking, its rewards are only so-so. The real benefit is the ~$500 signup bonus (I actually got $1000), which you wont get with a product change. It's great to see Chase willing to convert cards TO this product, but with my annual fee coming up in a couple of months I'm more interested in converting my CSP to something else. I'll keep the nifty card as a souvenir.

 

 

The real benefit of the card is the annual 7% dividend on points and the ability to transfer points to airlines/hotels. Combined, the sapphire preferred and freedom card are a potent point-earning duo.

 

I guess I should have said "the real benefit to me" as I don't travel much

[EvoX]

I just got one also and was REALLY surprised when I opened the envelope and found the card is metal. Cool, Titanium!!

 

Magnets don't stick to titanium, it's got to have some steel in it.

 

I have a friend with this card and the first thing he told me about it is that it is metal, very proud of that fact. He didn't know much about the rewards, fees or rates.

 

The reality is that consumers will pay an annual fee for a card that looks prestigious, so Chase did a good job with this one.

I'm sure it's still very inexpensive to produce these cards. I would bet they use the same tooling as the Palladium card and have offset the cost of manufacturing those cards.

 

Chase also did a great job marketing the 7% dividend. Most of their customers see that this bank is offering 1% on this, 2% on that and MAYBE 3% or 5% on something else. They think they have a better card because their card is 7%. The reality is that this card is 1.07% cashback on purchases and 2.14% cashback on travel and dining. Hardly a deal when you compare it to the $0 AF cards from Fidelity, PenFed & Citibank.

 

I'll keep carrying my ugly Fidelity 2% lime green AMEX and my ugly grey Visa cards that have excellent rewards and rates. I admit I would prefer to have fancy looking cards, but not if it means loosing out on rewards.

[BDK]

I just got one also and was REALLY surprised when I opened the envelope and found the card is metal. Cool, Titanium!!

 

Magnets don't stick to titanium, it's got to have some steel in it.

 

I have a friend with this card and the first thing he told me about it is that it is metal, very proud of that fact. He didn't know much about the rewards, fees or rates.

 

The reality is that consumers will pay an annual fee for a card that looks prestigious, so Chase did a good job with this one.

I'm sure it's still very inexpensive to produce these cards. I would bet they use the same tooling as the Palladium card and have offset the cost of manufacturing those cards.

 

Chase also did a great job marketing the 7% dividend. Most of their customers see that this bank is offering 1% on this, 2% on that and MAYBE 3% or 5% on something else. They think they have a better card because their card is 7%. The reality is that this card is 1.07% cashback on purchases and 2.14% cashback on travel and dining. Hardly a deal when you compare it to the $0 AF cards from Fidelity, PenFed & Citibank.

 

I'll keep carrying my ugly Fidelity 2% lime green AMEX and my ugly grey Visa cards that have excellent rewards and rates. I admit I would prefer to have fancy looking cards, but not if it means loosing out on rewards.

 

I'd be surprised if I keep this for more than the 1st year. I plan on utilizing the 50K UR points + whatever I earn from spending.

[EvoX]

I'd be surprised if I keep this for more than the 1st year. I plan on utilizing the 50K UR points + whatever I earn from spending.

 

Good idea. I've milked over $1k from Chase through Marriott & Southwest signup offers. They seem to dominate in signup generosity.

[BDK]

I'd be surprised if I keep this for more than the 1st year. I plan on utilizing the 50K UR points + whatever I earn from spending.

 

Good idea. I've milked over $1k from Chase through Marriott & Southwest signup offers. They seem to dominate in signup generosity.

 

Yep! My thing w/CSP (OK, Chase as a rule) is not necessarily just about the rewards...