Best Use of Ultimate Rewards Points

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Generator515
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Re: Best Use of Ultimate Rewards Points

Post by Generator515 » Fri Aug 26, 2016 12:24 pm

Workinghard wrote:
conroy wrote:
BUBear29 wrote:
If you're ineligible for the bonus, you can product change the CSP to the CSR. I was refunded my annual fee on CSP $95 (free first year) and charged the $450 on the same statement. Expiration date and CVR changes but not account history. The $450 annual fee will be covered by $300 in travel credit for 2016 and $300 in travel credit for 2017.
What do you mean it would be covered? You would pay $450 in 2016 and then spend $300 for a net of $150. Now a year later you pay another $450 and get refunded another $300 for another $150. So the fee is never 100% covered.

guitarguy
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Re: Best Use of Ultimate Rewards Points

Post by guitarguy » Fri Aug 26, 2016 1:29 pm

Generator515 wrote:
Workinghard wrote:
conroy wrote:
BUBear29 wrote:
If you're ineligible for the bonus, you can product change the CSP to the CSR. I was refunded my annual fee on CSP $95 (free first year) and charged the $450 on the same statement. Expiration date and CVR changes but not account history. The $450 annual fee will be covered by $300 in travel credit for 2016 and $300 in travel credit for 2017.
What do you mean it would be covered? You would pay $450 in 2016 and then spend $300 for a net of $150. Now a year later you pay another $450 and get refunded another $300 for another $150. So the fee is never 100% covered.
You can use the travel credit for 2017 in February and then cancel the card in June before paying the 2nd AF.

guitarguy
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Re: Best Use of Ultimate Rewards Points

Post by guitarguy » Fri Aug 26, 2016 1:31 pm

neurosphere wrote:
guitarguy wrote: If you buy the ticket through the Chase portal, whether or not you use points, I believe you will earn miles. Why wouldn't you?
I was thinking specifically of paying CASH (i.e. charging the ticket to the Chase credit card instead of paying with points).

The reason I ask is that when my father purchases Delta tickets through his travel agent (for example) he only gets 1/4 of the miles he would otherwise earn if he purchased the ticket himself. This is even when there is no price discount from what he would pay directly through the airline (as opposed to a special travel agent deal, where the agent might get a discount and then sell the ticket to the client, those tickets earn NO miles).

So I was wondering if purchasing through Chase (cash OR points) will still earn the full amount of miles. Because that would have to go into the "math". In my case, it's less about the cash value of the miles earned from flying, but rather the potential to obtain status, by earning enough miles from one airline.

Anyway, I've never been able to confirm that going through the chase travel portal to purchase a ticket resulted in a ticket which was "as if" I had bought directly from the airline. Maybe a question I have to direct to Flyertalk. I don't like going over there for some reason though. Not sure why. :)

NS
Then if you're worried about it, and paying cash anyway, why bother to shop through Chase? You're not getting any discount unless you use points.

Jags4186
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Re: Best Use of Ultimate Rewards Points

Post by Jags4186 » Fri Aug 26, 2016 1:33 pm

Generator515 wrote:
Workinghard wrote:
conroy wrote:
BUBear29 wrote:
If you're ineligible for the bonus, you can product change the CSP to the CSR. I was refunded my annual fee on CSP $95 (free first year) and charged the $450 on the same statement. Expiration date and CVR changes but not account history. The $450 annual fee will be covered by $300 in travel credit for 2016 and $300 in travel credit for 2017.
What do you mean it would be covered? You would pay $450 in 2016 and then spend $300 for a net of $150. Now a year later you pay another $450 and get refunded another $300 for another $150. So the fee is never 100% covered.
Spend $450 for annual fee. Get $300 back in 2016. Get $300 back anytime after January 1, 2017. Downgrade card before 2nd $450 annual fee hits. $600 in refunds, $450 in annual fees.

That said, if you have a CSP and it actually makes sense for you to have it, I think having the CSR is a no brainer. You only need to spend about $2800/yr total on restaurants and travel on the CSP for it to make sense to have a CSR.

Here's the math:

CSP
$2800 in 2x categories = 5600 points. 5600 points * $0.0125 travel credit = $70

CSR
$2800 in 3x categories = 8400 points. 8400 points * $0.015 travel credit = $126

$126-70 = $56

$450 CSR AF - $56 additional earnings - $300 annual travel refund = $94 net out of pocket.

$94 < $95 CSP annual fee


There's no reason to have a CSP anymore. Either it's not worth it for you in the first place, or you can get better value by upgrading.
Last edited by Jags4186 on Fri Aug 26, 2016 1:36 pm, edited 1 time in total.

Workinghard
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Re: Best Use of Ultimate Rewards Points

Post by Workinghard » Fri Aug 26, 2016 1:35 pm

Generator515 wrote:
Workinghard wrote:
conroy wrote:
BUBear29 wrote:
If you're ineligible for the bonus, you can product change the CSP to the CSR. I was refunded my annual fee on CSP $95 (free first year) and charged the $450 on the same statement. Expiration date and CVR changes but not account history. The $450 annual fee will be covered by $300 in travel credit for 2016 and $300 in travel credit for 2017.
What do you mean it would be covered? You would pay $450 in 2016 and then spend $300 for a net of $150. Now a year later you pay another $450 and get refunded another $300 for another $150. So the fee is never 100% covered.
I have a $450 fee in August. I use $300 travel credit in Sept. That leaves $150 fee. In Jan I get another $300 travel credit (it's per calendar year not per card year), netting $150. The next annual fee isn't due until August. I can downgrade or cancel before then. Plus I saved the $95 annual fee on the CSP when I did a product change along with getting better credit card benefits.

blues008
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Joined: Tue Mar 20, 2007 11:45 pm

Re: Best Use of Ultimate Rewards Points

Post by blues008 » Fri Aug 26, 2016 1:53 pm

Workinghard wrote:
Generator515 wrote:
Workinghard wrote:
conroy wrote:
BUBear29 wrote:
If you're ineligible for the bonus, you can product change the CSP to the CSR. I was refunded my annual fee on CSP $95 (free first year) and charged the $450 on the same statement. Expiration date and CVR changes but not account history. The $450 annual fee will be covered by $300 in travel credit for 2016 and $300 in travel credit for 2017.
What do you mean it would be covered? You would pay $450 in 2016 and then spend $300 for a net of $150. Now a year later you pay another $450 and get refunded another $300 for another $150. So the fee is never 100% covered.
I have a $450 fee in August. I use $300 travel credit in Sept. That leaves $150 fee. In Jan I get another $300 travel credit (it's per calendar year not per card year), netting $150. The next annual fee isn't due until August. I can downgrade or cancel before then. Plus I saved the $95 annual fee on the CSP when I did a product change along with getting better credit card benefits.
Were you able to get the 100,000 points by doing a product change from CSP to CSR? I thought you needed to sign up for a new card.

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neurosphere
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Re: Best Use of Ultimate Rewards Points

Post by neurosphere » Fri Aug 26, 2016 1:59 pm

guitarguy wrote: Then if you're worried about it, and paying cash anyway, why bother to shop through Chase? You're not getting any discount unless you use points.
Gosh, you are right. I feel stupid. My mind somehow went to a place where all purchases were "20% off" through Chase, which is of course ridiculous. I'm not sure what I was thinking. Maybe because sometimes I'll do a search through chase to look at the price and see how many points I might need and then think, no I'll use cash and save the points for a different purpose.

So my new original question is specifically about miles earned on the ticketed airline if the ticket was bought by using UR points through the Chase website.

Workinghard
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Re: Best Use of Ultimate Rewards Points

Post by Workinghard » Fri Aug 26, 2016 3:09 pm

neurosphere wrote:
guitarguy wrote: Then if you're worried about it, and paying cash anyway, why bother to shop through Chase? You're not getting any discount unless you use points.
Gosh, you are right. I feel stupid. My mind somehow went to a place where all purchases were "20% off" through Chase, which is of course ridiculous. I'm not sure what I was thinking. Maybe because sometimes I'll do a search through chase to look at the price and see how many points I might need and then think, no I'll use cash and save the points for a different purpose.

So my new original question is specifically about miles earned on the ticketed airline if the ticket was bought by using UR points through the Chase website.
Edit: linked wrong post. Sorry.

They may let people double dip (and some have triple dipped airline credits by timing apps in Dec), but getting sign points, no.

Occasionally there will be targeted offers by AMEX to up grade your card and get a bonus. That's not the norm though.

protagonist
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Re: Best Use of Ultimate Rewards Points

Post by protagonist » Fri Aug 26, 2016 10:40 pm

Texanbybirth wrote:
protagonist wrote:The definition of "travel expenses" is broad enough that it should be very easy to get the $300 travel credit for most people who do any traveling or even commuting with mass transit or tolls.
Does anyone know if it's confirmed that tolls would count? I'd gladly prepay my tolltag $300 in January (already gonna get the credit this year for something else) to lock up another credit before closing down the card in 2017.

What I'll probably end up doing is putting a smaller recharge on one of our CSP's to see how it's coded. If it codes correctly (It looks to code correctly on our AMEX, but not on our CapOne, though I know they're not exactly similar.), then I'll know whether I'm set for January.
I have heard yes, but better call Chase to confirm.

BW1985
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Re: Best Use of Ultimate Rewards Points

Post by BW1985 » Mon Aug 29, 2016 4:07 pm

Anyone stay at any of the Hyatt's in southern Florida, Gulf or Atlantic side? Looking to take a trip there this fall/winter using SW points and UR's transfer for Hyatt nights.

Regency Coconut Point Resort looks nice. The Confidante Miami Beach looks good too.
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

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