Downgrade Chase Sapphire Reserve

Though a few folks chimed in that there are other chase sapphire downgrade options that are more lucrative.

Downgrade chase sapphire reserve.

That s because you re now only allowed one sapphire branded card at a time. 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 jumped ship. A few weeks ago we shared our process when deciding between the chase sapphire preferred and reserve card. Therefore you will have to pay an annual fee of at least 95.

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. Recent obtained sapphire credit card dated 03 18 2020. Whenever an annual fee hits one of my many credit cards a little shiver runs up my spine.

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. 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. Do you have to wait after 12 months as well to do the downgrade.

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. It s like a visit from an extended family member who lives in another state you know it s coming but you still dread it. 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. 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.

If you value the sapphire reserve s travel credit at the full 300 then the annual fee effectively becomes 150. Though the reserve charges a 550 annual fee that s too much to stomach for some cardholders and might even prompt a downgrade users who spend at least 3 334 on travel and dining a year can get more. Are the additional benefits of the sapphire reserve worth the 55 extra dollars in annual fee cost relative to other chase cards. Do to suspected fraud.

So the question you have to answer is. 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.