{"id":165010,"date":"2025-04-28T20:00:20","date_gmt":"2025-04-28T20:00:20","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/04\/28\/dont-cancel-downgrade-instead-heres-how-to-do-it-with-chase-cards-the-points-guy\/"},"modified":"2025-04-28T20:00:20","modified_gmt":"2025-04-28T20:00:20","slug":"dont-cancel-downgrade-instead-heres-how-to-do-it-with-chase-cards-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/04\/28\/dont-cancel-downgrade-instead-heres-how-to-do-it-with-chase-cards-the-points-guy\/","title":{"rendered":"Don\u2019t cancel \u2014 downgrade instead: Here’s how to do it with Chase cards – The Points Guy"},"content":{"rendered":"


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It’s easy to justify paying hundreds of dollars in credit card annual fees<\/a> when you can fully use card benefits like travel credits<\/a>, dining credits<\/a>, shopping credits<\/a> and airport lounge access<\/a>. But it’s harder to keep paying those fees if you carry multiple credit cards with similar benefits or are simply trying to cut down on expenses.<\/p>\n

If you’re not getting enough value from a credit card to offset its annual fee, you can downgrade it to a different product with a lower or no annual fee. You could also cancel the credit card<\/a>, but that can have unintended consequences, like a drop in your credit score. More often than not, you’ll be better off requesting a downgrade as a product change<\/a> rather than canceling a card outright.<\/p>\n

Though every card issuer handles product changes in its own way, in this guide, we’ll examine how to downgrade a Chase credit card.<\/p>\n

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Should I downgrade my credit card?<\/h2>\n

Downgrading your card allows you to maintain your credit line and your average age of credit so it doesn’t have the same negative effect on your credit score as canceling a card<\/a> might. Plus, it’s better to have a good track record of maintaining accounts rather than opening and closing many accounts.<\/p>\n

Downgrading a card may also allow you to earn a welcome bonus that you would otherwise be denied. Chase is not as strict as some other issuers, but it does impose restrictions on earning welcome bonuses.<\/p>\n

You generally won’t be able to earn an introductory bonus on a Chase card if you currently hold that card in your wallet or if you earned a welcome bonus on that exact card in the last 48 months.<\/p>\n

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