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Just do the math. Your fee is 62.5/1678=3.7%. CSP gives you 1% in points so you lose 3.7% - 1%=2.7%
Not worth it.
How hard is it to do the math
All the cc companies make sure it’s not worth it to do this
Math is hard
Sign up for new cards and it’s worth it to get to the min spend for the sign up bonus
^yes, that’s the only time it’s worth it. But I’ve never had a problem meeting those minimums (usually like $5k in 3 months)
If you sign up for 10 cards on 1 day (before all the hard pulls hit your credit report) it can get pretty difficult to hit the mins spends...