Chase Sapphire Reserve 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.

Chase sapphire reserve downgrade.

With the sapphire reserve you get all of the same benefits as the sapphire preferred plus a few extra including. Requesting a chase product downgrade. The sapphire preferred and sapphire reserve cards both earn chase ultimate rewards points which are my favorite kind of points. Chase sapphire reserve increases value of your ultimate rewards 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. That s because you re now only allowed one sapphire branded card at a time. Do to suspected fraud. 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.

Though a few folks chimed in that there are other chase sapphire downgrade options that are more lucrative. A few weeks ago we shared our process when deciding between the chase sapphire preferred and reserve card. 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. 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.

After we had finished all of our tasks related to using the chase sapphire reserve benefits we sent chase a secure message from his account requesting that the card be downgraded to a freedom unlimited. You can product change essentially downgrade your sapphire preferred card to the chase freedom or the chase freedom unlimited. Do you have to wait after 12 months as well to do the downgrade. In that video post i mentioned that you can always upgrade or downgrade between the preferred and reserve card.

This card is in the ultimate rewards family but it has no annual fee and it earns 1 5 cash back. 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. Recent obtained sapphire credit card dated 03 18 2020. 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.