Downgrade Chase Sapphire Preferred To Freedom

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.

Downgrade chase sapphire preferred to freedom. Chase freedom chase sapphire. 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. Folks with the sapphire preferred and sapphire reserve cards might consider downgrading the sapphire preferred to the freedom unlimited. I think the chase freedom is the most compelling choice as it earns 5x points in rotating categories maximum 1 500 spend per quarter.

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. 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. It allows you to apply for another chase sapphire card and earn an additional opening bonus. Unredeemed rewards from sapphire preferred will automatically transfer over to freedom.

Downgrade chase lets you downgrade this card to two other no annual fee cards. You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited. 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. However there are many factors to consider.

Downgrading your current chase sapphire preferred or reserve to a freedom or freedom unlimited is a valid and lucrative option. 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. Rather than canceling one of the cards outright you could potentially. However if you downgrade a chase sapphire reserve or preferred card to a chase freedom or freedom unlimited card you will lose the ability to transfer those points to hotel and airline partners unless you have another fully transferable ultimate rewards earning card like the ink business preferred credit 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.