Downgrade Chase Sapphire Preferred

The chase sapphire preferred offers an unlimited 2x points on travel and restaurant purchases.

Downgrade chase sapphire preferred.

The chase freedom unlimited offers 1 5 back on purchases making it a great option for everyday spending. If you have the sapphire preferred and sapphire reserve cards you might consider downgrading to a no annual fee card like the freedom unlimited. Chase sapphire reserve increases value of your ultimate rewards points. Call customer service at 1 800 432 3117 or send a secure message from your online account and request a product change.

You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited. I ve held my beloved chase sapphire preferred credit card for four years and when the time came to pay yet another annual fee i picked up the phone and downgraded the card to the chase freedom unlimited. That means the difference in annual fee which we measured to be 168 50 after door dash could be recouped if you spend enough on your card to create that much value for redemption. There were a few reasons behind my canny action.

However i didn t product change the card just to avoid the fee. The chase sapphire reserve offers an annual 300 travel credit after which you earn. Downgrade from chase sapphire preferred to chase freedom. That s because you re now only allowed one sapphire branded card at a time.

The most any other chase card will give you is 1 25c the chase sapphire preferred and chase ink business preferred. Downgrade chase sapphire preferred. The sapphire preferred account must be in good standing and at least 12 months old. Avoid duplicate card perks and 2 annual fees by downgrading this chase card.

The chase freedom earns 5x the points on rotating quarterly categories such as groceries gas and dining while the chase freedom unlimited earns 1 5x on all purchases. The chase freedom no longer open to new applicants and chase freedom unlimited. Chase offers two rewards earning no annual fee credit cards that you can downgrade to from the chase sapphire preferred and reserve. It only took a few minutes to call the number on the back of my card and explain what i wanted to do and i kept the same card.

I downgraded my chase sapphire preferred to a chase freedom which has no annual fee because i recently got the ink business preferred credit card which has some overlapping benefits and spending categories.