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Yes, it's 1.25x for CSP. 1.5x is only for CSR. You can transfer all UR points to CSR to get 1.5x redemption rate. You need to keep CSR for that
Yes you do lose.
Are you downgrading because of the hiked annual fee?
I’ll miss the hiked fee for this year but looking at my options. Don’t think it’s worth it at $550 pa but want to make sure I use all my points before I downgrade next year.