Chase Sapphire Reserve Downgrade Preferred

Folks like reader shirley who have the sapphire preferred and sapphire reserve cards can consider downgrading the sapphire preferred to a no annual fee card.

Chase sapphire reserve downgrade preferred. Earn 80 000 bonus points after you spend 4 000 on purchases in the first 3 months from account opening. This way you can save 95 a year by not having to pay the sapphire preferred annual fee. I downgraded my reserve to a preferred and i m keeping it that way i still think the chase sapphire preferred is one of the single best overall cards on the market. 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.

You can downgrade the chase sapphire preferred to the no annual fee version of the sapphire. Downgrading to a no fee chase card another option is to downgrade your chase sapphire reserve to a different chase card that has no annual fee the chase slate the chase freedom no longer open to new applicants or the chase freedom unlimited. That s 1 000 toward travel when you redeem through chase ultimate rewards. 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.