Chase Sapphire Reserve Downgrade Preferred

It s been back in my wallet and staying put.

Chase sapphire reserve downgrade preferred.

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. That s 1 000 toward travel when you redeem through chase ultimate rewards. You can downgrade the chase sapphire preferred to the no annual fee version of the sapphire. 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 first picked up a sapphire preferred back in 2013 and downgraded it to a freedom in 2017 when i got a reserve. This way you can save 95 a year by not having to pay the sapphire preferred annual fee. 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. 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.