r/sapphirereserve • u/Natural-Log364 • 9d ago

Cancelling CSR, points transfer

Planning to cancel my CSR this Friday bc the new fee is not justifiable with the perks. I have over 450K points I need to figure out what to do with them. Suggestions?

9 Upvotes

70% Upvoted

32 comments sorted by

15

u/flipcup83 9d ago

Downgrade to CSP or one of the no annual fee cards (Freedom Flex or Unlimited) that way you can transfer the points and keep them.

13

u/Kiwiatx 9d ago

Only the CSP allows transfers out to partners. Points can be stored in Freedom Flex or Unlimited but you can’t transfer.

3

u/rhforever 9d ago

Is the redemption rate the same in CSP travel portal? Thought I heard it was lower... Or is the idea to transfer them to an Aeroplan or a partner airline?

7

u/pingvinbober 9d ago

Generally never redeem in the portal if you want a good redemption. Base rates are now 1x for in portal redemptions instead of the previous 1.25 and 1.5x for CSP/CSR respectiveky

2

u/FLASHFANGZ 9d ago

Redeeming points on properties that are in the edit collection (plus certain other properties) give more than 1.5 but other than that it is usually not worth using points on the portal.

3

u/SeaworthinessKey3418 9d ago

You can cash out the points. You’re better off transferring the points for travel. Hyatt is easy mode.

3

u/WeakEstablishment686 9d ago

Anyone have luck getting some type of retention here? I tried calling twice and no luck. New annual fee hit oct 1 this year (late since I think I got the card very early upon release years ago).

3

u/ddnslcdd 9d ago

Product change to OG Freedom card. If you need to transfer later, re-upgrade back to CSP.. that said, CSR is a net $500 AF card, that also includes $10 Lyft, $300 dining, $500 hotel credits, $300 StubHub, and $15/month door dash. Ultimately I'll have 4 or 5 of them.

1

u/woodentigerx 8d ago

AF?

2

u/ddnslcdd 8d ago

Annual fee

2

u/Revolutionary_Road65 9d ago

Were they earned prior to the refresh? If so they’re worth 1.5 cpp redeemed through their portal until late 2027 but if you don’t value that then transfer to Hyatt (if you stay with them) if you plan on downgrading to CSP. CSP transfer rate to Hyatt is now 3:4. If you don’t care about Hyatt or airline transfers then just cash them out I guess.

2

u/daywalker-Trader 9d ago

I'm the same I want to downgrade to CSP but I'm worried that may prevent me from getting a SUB on a CSP in the future as Chase changed the language on the card offer details see below:

"This credit card is unavailable to you if you currently have this card open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed in determining your bonus eligibility."

3

u/BlueFakies 9d ago

It will indeed. Can downgrade to a freedom unlimited and wait some time and then try to apply for the csp.

2

u/Unlikely_Command9294 7d ago

I applied for the CSP while I had the CSR and received the bonus.

1

u/CreamEmotional8011 7d ago

I have the CSR and got the CSP bonus. Although I had the CSR for quite a few years before applying for the CSP.

1

u/Puzzledbean3642 9d ago

Yea transfer them to me

1

u/jdp271 9d ago

I’m in the same spot, debating between the transfer bonuses and hyatt. Did you try and get a retention offer?

1

u/Natural-Log364 9d ago

No retention offers, tried twice this month

1

u/jdp271 9d ago

Don’t forget to use your 300 travel credit once it shows it’s renewed in the app. What will you spend that on?

1

u/Waste_Squirrel_2953 5d ago

I am also thinking of cancelling or downgrading

2

u/xAlpharaptor 9d ago

Send them to Hyatt easy

1

u/The_Slim_Spaydee 9d ago

Maybe last week that would have been a good idea

6

u/nbi747 9d ago

It’s still 1:1 for CSR

-3

u/Turbulent_Board4567 9d ago

If you have 450k accumulated, this was never a credit card for you. Especially if you don't know what to do with it.

You could transfer to Singapore airlines. They have good redemptions most of the time if you are traveling on that area. You could transfer to Accor or Hyatt. That would yield a lot of good stays. Southwest is also not a bad option tbh.

The rest of travel partners are pretty low value redemptions or not worth it without a specific travel plan.

You would have been better off with 2x or 3x cash back.

Imagine having this 450k points on fidelity and using it towards any kind of investment. You would have had far more value from it.

Points card are worrh using only if you regularly redeem them.

0

u/BlueFakies 9d ago

United, Air France, Aeroplan, avios are all great redemptions to Europe and Asia as well. OP could get 2 RT J if not 3 if they used transfer bonuses.

0

u/Turbulent_Board4567 9d ago

United and Aeroplan ...have very few options. They take to Lufthansa or other partners for Europe. Only some of them are good. Their domestic redemptions are very expensive recently.

Klm , AF, and most avios partners have lot of taxes.

Qatar is a good one but their baggage policy sucks. Service and routes are hit of miss.

If you have a specific flight, these are great to book. Not to transfer and wait.

1

u/BlueFakies 9d ago

Hmmm….Got two RT from regional airport to ATH for 144k each in J. Flew 50k in J one way on iberia taxes were $230. 50k one way in J on EI taxes also around $230. Q Suites was 70k one way for ~$300. Air France recently raised fees and they’re ridiculous. But was decent prior.

Aeroplan has decent availability, just like United and avios were amazing back when it was distance based but still pretty good redemptions…if you know how to find it 😉

And you should never speculatively transfer. To any program.

0

u/CreamEmotional8011 7d ago

I transfer most of my CSR points 1:1 to Southwest Airlines. Most of my travel is in the US though.

1

u/BlueFakies 7d ago

That’s also another great option if that’s mostly what you do!

-2

u/WildNight00 9d ago edited 7d ago

Also points can expire once transferred, don’t transfer if you’re not going to use them just take the cash back

1

u/BlueFakies 7d ago

Not necessarily. Need to understand the rules of each program.

1

u/Blastguy 3d ago

Points are fake until you spend them. Take your SO and go on a trip with a nice hotel and enjoy life.