Downgrade Chase Sapphire Preferred

Chase offers two rewards earning no annual fee credit cards that you can downgrade to from the chase sapphire preferred and reserve.

Downgrade chase sapphire preferred.

The chase freedom no longer open to new applicants and chase freedom unlimited. The chase freedom unlimited offers 1 5 back on purchases making it a great option for everyday spending. This card earns 2x chase ur points on dining travel purchases. Chase sapphire reserve increases value of your ultimate rewards points.

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. Downgrade chase sapphire preferred. That s because you re now only allowed one sapphire branded card at a time. The chase sapphire preferred offers an unlimited 2x points on travel and restaurant purchases.

The sapphire preferred account must be in good standing and at least 12 months old. If you have the sapphire preferred and sapphire reserve cards you might consider downgrading to a no annual fee card like the freedom unlimited. Avoid duplicate card perks and 2 annual fees by downgrading this chase card. 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.

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

Call customer service at 1 800 432 3117 or send a secure message from your online account and request a product change. 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. It s difficult to get a category bonus on dining restaurant spend the best option only earns 3 cash back apart from cards with temporary bonuses or rotating categories given the chase sapphire also earns 2x points on this category and it s a downgrade option it s hard to assign any value in this spending category. If you now want to apply for the chase sapphire preferred card for its 80 000 point bonus after you spend 4 000 on purchases in the first 3 months after account opening you must first downgrade the sapphire reserve.

The most any other chase card will give you is 1 25c the chase sapphire preferred and chase ink business preferred.