Can You Downgrade Chase Sapphire Preferred To Chase Freedom
Contents 1 downgrade 2 keep 3 cancel 4 our verdict downgrade chase lets you downgrade this card to two other no annual fee cards.
Can you downgrade chase sapphire preferred to chase freedom. The chase freedom no longer open to new applicants and chase freedom unlimited. The csr informed us however that the only product change. On its own the points you earn from the freedom unlimited can only be redeemed for 1 cent each toward travel or for cash back. If i downgrade my chase sapphire preferred to the chase freedom unlimited can i still transfer chase ultimate rewards points from the freedom unlimited to the chase sapphire reserve.
Chase sapphire preferred card earn 80 000 bonus points after you spend 4 000 on purchases in the first 3 months from account opening. Chase offers two rewards earning no annual fee credit cards that you can downgrade to from the chase sapphire preferred and reserve. Chase sapphire preferred gets a lot of coverage so why not start there. 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 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 1 000 toward travel when you redeem through chase ultimate. You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited. We just tried to downgrade our chase sapphire preferred to a chase freedom.
If you downgrade from chase sapphire preferred to chase freedom within 60 days of paying the annual fee you ll receive a full refund. After 60 days your refunded will be prorated. That means you will get a portion of your annual. By downgrading the sapphire preferred card to the chase freedom unlimited i kept the four year account and the 8 000 credit limit intact.
There are some significant differences between the no annual fee chase sapphire cards and ones that do have an annual fee.