My Experience Downgrading the Chase Sapphire Preferred

As I said in a previous post, I picked up the Chase Sapphire Reserve, which makes my Chase Sapphire Preferred (CSP) redundant. I wanted to remove the CSP from my wallet since the card has a $95 annual fee. However, the account is almost four years old, so I decided to downgrade the card instead of closing the account altogether.

Downgrading the card means the card is converted to another product, but you keep the credit card number and the account’s longevity. I don’t think you can downgrade your card online, but luckily it only takes a few minutes on the phone to complete the process.

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