The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Yes, you can downgrade the Chase Sapphire Reserve®* to other Chase credit cards, particularly those within the same card family. Downgrading your card allows you to maintain your credit line and average age of credit, so it doesn't have the same negative impact as canceling a card.

Credit card issuers typically allow product change within the same card family. This means you can switch to a different card within the same rewards program, in your case move between cards that earn Ultimate Rewards. For example, if you frequently travel you can downgrade your Sapphire Reserve card to the Chase Sapphire Preferred® Card. This card has a lower annual fee, while still offering travel and dining rewards and the ability to transfer points to airline and hotel partners.

If you're looking for a no-annual-fee card that still earns Ultimate Rewards points, two good choices are the Chase Freedom Unlimited® and the Chase Freedom Rise® Credit Card*. However, even if your points remain in your account, you will lose access to specific rewards and benefits like travel protection or insurance, as well as the value of points and how they can be used will be limited.

Anyway, downgrade options can vary, and what is offered to one person may not be offered to another.

There are a few things to be aware of before downgrading:

  • You typically won't get a welcome bonus for the card you're downgrading to.
  • You must have your card for at least 12 months before you can downgrade it.
  • You can usually switch to a different card within the same rewards program/card family.
  • You cannot switch between personal and business cards.
  • Chase typically does not perform a credit check when you downgrade a card because you are maintaining an existing account.

To downgrade, call the number on the back of your Sapphire Reserve card and request a product change. You might even get a pro-rated refund of your annual fee when you downgrade to a card with a lower annual fee if you do so within 30 days of the annual fee posting to your statement. When downgrading your card, you'll keep your old card's account number, balance and due date, but you'll get a new card with a new product name within a few days.

*The information for the following product(s) has been collected independently by Credit-Land.com: Chase Sapphire Reserve® and Chase Freedom Rise® Credit Card. The card details on this page have not been reviewed or provided by the card issuer.

tags : Credit Cards No Annual Fee Rewards

Disclaimer: This editorial content is not provided or commissioned by the banks or credit card issuer(s). Opinions expressed here are the author's alone, not those of the banks or credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the banks or credit card issuer(s). Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult with the issuing bank of the card or account for terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.