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Downgrade Chase Sapphire Reserve Advice

224 22 May 5, 2017 at 03:35 AM
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I would like to downgrade this card before i get charged with annual fee.

currently,I have 100$worth points equivalent to 150 travel.

1)which is the best downgrade card?
from my study I liked Chase Freedom
2) should I use points before I downgrade the card,so I don't loose travel worth 150$

thanks

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#2
I would like to know something similar. I should downgrade sometime in July or August, so I'd like to know in advance too.

I've got two of these cards in the family, so I've got a total of 200+K points and not sure if I should sell them now, or redeem them at the 50% more Reserve travel website, but any suggestions or recommendations would be helpful for OP and me, and I'm sure there are more inquiring minds out there Smilie
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#3
At Chase, you have 30 days to product change to a no-fee card and get a refund of the annual fee.

If you want to end up with a Chase Freedom card, it may be a multiple step process. I've read that you have to go from CSR/CSP --> CS --> CFU --> CF in that order.

Yes, if you want to be able to redeem 1.5x for travel you'll have to do it before you product change.
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Last edited by dhc014 May 5, 2017 at 07:06 AM.
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#4
Quote from dhc014
:
At Chase, you have 30 days to product change to a no-fee card and get a refund of the annual fee.

If you want to end up with a Chase Freedom card, it may be a multiple step process. I've read that you have to go from CSR --> CS --> CFU --> CF in that order.

Yes, if you want to be able to redeem 1.5x for travel you'll have to do it before you product change.
Thanks for the info!
I already have a CF and a CS card on my account, so at this point, I would just want to downgrade to something thats no-fee, so I'd be fine with a CFU.
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#5
I downgraded my CSP to a CF a couple days ago and plan on keeping the CSR. No issues with the migration shortly after my AF ($95) posted. Since I still have the CSR, I can keep the points on the card and just transfer them over to the CSR as they accrue.
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#6
Quote from dhc014
:
At Chase, you have 30 days to product change to a no-fee card and get a refund of the annual fee.

If you want to end up with a Chase Freedom card, it may be a multiple step process. I've read that you have to go from CSR/CSP --> CS --> CFU --> CF in that order.

Yes, if you want to be able to redeem 1.5x for travel you'll have to do it before you product change.
thank you..I'm assuming Cs is Slate ?
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#7
Can I apply for Chase Slate first ,utilize balance transfer offer and then move my balance from CSR to Chase Slate ?
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#8
Quote from PhaniN2476
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thank you..I'm assuming Cs is Slate ?
Actually CS is the no-fee Chase Sapphire (not preferred or reserve) card here.
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#9
Silly question, but if you have another Chase cc, can you just transfer all your points to another Chase cc in your account prior to downgrading? or would u lose all that hard earned amt? TIA
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#10
Quote from frozencow10
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Silly question, but if you have another Chase cc, can you just transfer all your points to another Chase cc in your account prior to downgrading? or would u lose all that hard earned amt? TIA
Yes, as long as the card uses UR points. However, you wouldn't be able to transfer them to a card using a different reward system (IHG, Disney, etc.).
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#11
Quote from phonic
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Yes, as long as the card uses UR points. However, you wouldn't be able to transfer them to a card using a different reward system (IHG, Disney, etc.).
and it would follow the redemption rules of the transferred into card, not CSR.
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#12
Quote from dhc014
:
At Chase, you have 30 days to product change to a no-fee card and get a refund of the annual fee.

If you want to end up with a Chase Freedom card, it may be a multiple step process. I've read that you have to go from CSR/CSP --> CS --> CFU --> CF in that order.

Yes, if you want to be able to redeem 1.5x for travel you'll have to do it before you product change.
I just called customer service and was told that I can downgrade it to Chase Freedom directly
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#13
I plan on downgrading to a CFU when the time comes
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#14
If we downgrade to a different card with chase, would there be a hard hit to credit history?
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Quote from PhaniN2476
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Can I apply for Chase Slate first ,utilize balance transfer offer and then move my balance from CSR to Chase Slate ?
Balance transfers must be done from one bank to another. Like Chase to Discover or American Express. You can not transfer from CSR to Slate as they are both Chase.
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