Downgrade Chase Sapphire Preferred To Freedom

You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited.

Downgrade chase sapphire preferred to freedom.

Downgrading your current chase sapphire preferred or reserve to a freedom or freedom unlimited is a valid and lucrative option. His new card tied to the same old account arrived within a week and the 450 annual fee from the sapphire reserve was indeed reversed from his account. 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. Chase freedom chase sapphire.

Unredeemed rewards from sapphire preferred will automatically transfer over to freedom. Because besides avoiding duplicate benefits you ll have a terrific 2 card combination to earn lots of valuable chase ultimate rewards points to use toward big travel. Rather than canceling one of the cards outright you could potentially. Once he made the call the request to downgrade the sapphire reserve to a no annual fee freedom unlimited was granted.

Downgrade the sapphire preferred to either the chase freedom flexsm review or chase freedom unlimited review both of which have no annual fees and potentially offer 1 5 5x points per dollar spent. Thanks for the question harold. Alternatively if you find yourself with more room in your budget to pay a high annual fee you can upgrade to take advantage of more extensive rewards and benefits. Downgrade chase lets you downgrade this card to two other no annual fee cards.

However there are many factors to consider. If you signed up for the sapphire preferred but now can t swing the 95 annual fee you could downgrade to a no annual fee ultimate rewards card like the freedom unlimited. 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. When you downgrade from chase sapphire preferred to chase freedom you ll keep all of the original account information including the card number account opening date and credit limit.

It allows you to apply for another chase sapphire card and earn an additional opening bonus.