Chase Sapphire Reserve Downgrade

The good news for chase customers is that if you downgrade from the reserve card to another chase rewards card you don t lose your points.

Chase sapphire reserve downgrade.

Though a few folks chimed in that there are other chase sapphire downgrade options that are more lucrative. With the sapphire reserve you get all of the same benefits as the sapphire preferred plus a few extra including. You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited. Chase has been sending out chase sapphire reserve year in review s to cardholder obviously in an attempt to get cardholders to keep the card after the first year.

Do you have to wait after 12 months as well to do the downgrade. A few weeks ago we shared our process when deciding between the chase sapphire preferred and reserve card. In that video post i mentioned that you can always upgrade or downgrade between the preferred and reserve card. He downgraded the chase sapphire preferred to a cf but can you downgrade a chase sapphire reserve to another chase freedom.

Chase sapphire reserve increases value of your ultimate rewards points. That means if you request to switch from a reserve card to a preferred card that has a 95 annual fee you ll see the same balance in your chase ultimate rewards account. Recent obtained sapphire credit card dated 03 18 2020. 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.

That s because you re now only allowed one sapphire branded card at a time. One of the most popular product changes between chase cards is between the chase sapphire reserve and chase sapphire preferred card. Requesting a chase product downgrade. I thought we should repost this and update it so people can look carefully on whether it makes sense to keep downgrade or cancel the card.

The benefits of the chase sapphire reserve are immense with 3x points in dining and travel priority pass membership 1 5 cent redemption in the travel center car rental insurance 300 airline credit 60 doordash credit 2020 2021 and 10x on lyft. The sapphire preferred and sapphire reserve cards both earn chase ultimate rewards points which are my favorite kind of points. 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. This card is in the ultimate rewards family but it has no annual fee and it earns 1 5 cash back.