Can You Downgrade Your Chase Sapphire Preferred

By downgrading the sapphire preferred card to the chase freedom unlimited i kept the four year account and the 8 000 credit limit intact.

Can you downgrade your chase sapphire preferred.

However after 60 40 days a pro rated portion of the fee will still be refunded to you. On the other hand if you cancel after 6 months you get nothing. I think the chase freedom is the most compelling choice as it earns 5x points in rotating categories maximum 1 500 spend per quarter. For example if you downgrade from a chase sapphire preferred card to a chase freedom flex you ll keep your rewards but lose the ability to transfer them to chase hotel and airline partners.

This is something you should really consider. Instead you would need to downgrade the sapphire reserve to either the sapphire preferred or another ultimate rewards earning card like the chase freedom no longer open to new applicants or chase freedom unlimited. You can only downgrade to a card in the same product line. 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.

This is the one sapphire card you can t apply for online or even in branch and can only get via a downgrade product change. Additionally the value of your points will take on the value of the card you downgraded to. I can earn 1 5x ultimate rewards on all non bonused spending when the chase freedom unlimited card hit the market i wasn t that interested in it for a couple of reasons. You can downgrade the chase sapphire preferred to the no annual fee version of the sapphire.

For all you american express cardholders swapping charge cards with credit cards also isn t an option. When you downgrade from the sapphire reserve use as much of the 300 travel credit as possible in the 30 day grace period to have your annual fee refunded. If you downgrade your sapphire reserve 6 months half a year after your annual fee chase will refund 225 half of 450 of that fee to you as a statement credit automatically. Request a downgrade within 30 days of your annual fee posting to be eligible for a full refund.

Only people who currently own a chase freedom credit card can request a product change to the new chase freedom flex card. For example if you have a chase. There is no way for a cardholder to downgrade from chase sapphire preferred to chase freedom flex. Sometimes you may even be able to downgrade to a card that s no longer available to new applicants.