topic Re: Chase Sapphire Preferred downgrade in Credit Cards

Chase Sapphire Preferred downgrade

DeeBee78 — Mon, 18 May 2015 16:49:54 GMT

Is Chase still letting people downgrade to the no AF Sapphire? I know they're not letting people app for it anymore, but I remember reading recently that someone had successfully downgraded their CSP to it.

I want to get a CSP down the road, to help maximize my UR Points, but I hate AF's. I'd probably only do it if I could get downgraded to the Sapphire after a year.

Re: Chase Sapphire Preferred downgrade

CreditCuriosity — Mon, 18 May 2015 17:44:21 GMT

I believe they are, but for how long I am not sure..

Re: Chase Sapphire Preferred downgrade

Anonymous — Mon, 18 May 2015 17:51:33 GMT

Yes.

Re: Chase Sapphire Preferred downgrade

Anonymous — Mon, 18 May 2015 18:15:43 GMT

Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.

Re: Chase Sapphire Preferred downgrade

red259 — Mon, 18 May 2015 18:19:21 GMT

@Anonymous wrote:
Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.

I downgraded in Jan without problem. Yes you still get 2x on dining. They told me I would get 2x on travel when they reviewed the benefits but I am not getting those points. You lose the 7% annual dividend and most importantly you use the ability to transfer to travel partners unless you have ink plus/bold. So in a nutshell if you want to use the points for travel transfer them to a travel partner before the downgrade. Also, I believe there is a FTF on the CS and I am not certain if you still get primary car insurance.

Re: Chase Sapphire Preferred downgrade

CreditCuriosity — Mon, 18 May 2015 18:21:24 GMT

A bit outdated but snipit from the pointsguy. 7% bonus is gone on CSP and obviosuly the 3k is 4k now on spend

Re: Chase Sapphire Preferred downgrade

DeeBee78 — Mon, 18 May 2015 18:29:12 GMT

@red259 wrote:
@Anonymous wrote:
Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.
I downgraded in Jan without problem. Yes you still get 2x on dining. They told me I would get 2x on travel when they reviewed the benefits but I am not getting those points. You lose the 7% annual dividend and most importantly you use the ability to transfer to travel partners unless you have ink plus/bold. So in a nutshell if you want to use the points for travel transfer them to a travel partner before the downgrade. Also, I believe there is a FTF on the CS and I am not certain if you still get primary car insurance.

The CS vs CSP differences are starting to get fewer and fewer.

2x on dining still applies, but you only get 2x on travel if you book through Chase, Also the 7% dividend is going away for everyone at the end of the year.

And it looks like there is a 3% FTF on the non preferred.

Re: Chase Sapphire Preferred downgrade

red259 — Mon, 18 May 2015 18:39:08 GMT

@DeeBee78 wrote:
@red259 wrote:
@Anonymous wrote:
Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.
I downgraded in Jan without problem. Yes you still get 2x on dining. They told me I would get 2x on travel when they reviewed the benefits but I am not getting those points. You lose the 7% annual dividend and most importantly you use the ability to transfer to travel partners unless you have ink plus/bold. So in a nutshell if you want to use the points for travel transfer them to a travel partner before the downgrade. Also, I believe there is a FTF on the CS and I am not certain if you still get primary car insurance.
The CS vs CSP differences are starting to get fewer and fewer.

2x on dining still applies, but you only get 2x on travel if you book through Chase, Also the 7% dividend is going away for everyone at the end of the year.

And it looks like there is a 3% FTF on the non preferred.

True but the card has no real value if you can't transfer to travel partners. For those without the chase ink cards it makes all the difference in the world. As a cashback card there are better options out there. If I didn't have an ink card I would have paid the AF to keep the CSP.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 13:40:25 GMT

@red259 wrote:
@DeeBee78 wrote:
@red259 wrote:
@Anonymous wrote:
Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.
I downgraded in Jan without problem. Yes you still get 2x on dining. They told me I would get 2x on travel when they reviewed the benefits but I am not getting those points. You lose the 7% annual dividend and most importantly you use the ability to transfer to travel partners unless you have ink plus/bold. So in a nutshell if you want to use the points for travel transfer them to a travel partner before the downgrade. Also, I believe there is a FTF on the CS and I am not certain if you still get primary car insurance.
The CS vs CSP differences are starting to get fewer and fewer.

2x on dining still applies, but you only get 2x on travel if you book through Chase, Also the 7% dividend is going away for everyone at the end of the year.

And it looks like there is a 3% FTF on the non preferred.
True but the card has no real value if you can't transfer to travel partners. For those without the chase ink cards it makes all the difference in the world. As a cashback card there are better options out there. If I didn't have an ink card I would have paid the AF to keep the CSP.

This is what I gather as well. The true value of the CSP is the transfer partners --- Without this ability (essentially the CS), the card falls significantly behind others. When my AF comes around in September, I will most likely keep it going but if I do not get the value, I will downgrade to a CS and place it in my sock drawer.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 13:47:43 GMT

@red259 wrote:
@DeeBee78 wrote:
@red259 wrote:
@Anonymous wrote:
Does the regular sapphire still get 2x the points on dining?

I will be downgrading next year to the regular as well. What are the differences between the 2 cards besides the annaul fee.
I downgraded in Jan without problem. Yes you still get 2x on dining. They told me I would get 2x on travel when they reviewed the benefits but I am not getting those points. You lose the 7% annual dividend and most importantly you use the ability to transfer to travel partners unless you have ink plus/bold. So in a nutshell if you want to use the points for travel transfer them to a travel partner before the downgrade. Also, I believe there is a FTF on the CS and I am not certain if you still get primary car insurance.
The CS vs CSP differences are starting to get fewer and fewer.

2x on dining still applies, but you only get 2x on travel if you book through Chase, Also the 7% dividend is going away for everyone at the end of the year.

And it looks like there is a 3% FTF on the non preferred.
True but the card has no real value if you can't transfer to travel partners. For those without the chase ink cards it makes all the difference in the world. As a cashback card there are better options out there. If I didn't have an ink card I would have paid the AF to keep the CSP.

Right. without an ink the CS is just a 1% card with 2% on dining!

Re: Chase Sapphire Preferred downgrade

kdm31091 — Tue, 19 May 2015 14:33:31 GMT

It's still available to downgrade but I wouldn't count on it being around next year. It's a discontinued card for all intents and purposes

If you don't wanna pay the CSP AF I'd suggest not getting it as opposed to hoping to downgrade. As others mentioned the no AF CS is a weak card anyway, you can do better with almost any cash back card at this point

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 14:42:10 GMT

@kdm31091 wrote:
It's still available to downgrade but I wouldn't count on it being around next year. It's a discontinued card for all intents and purposes

If you don't wanna pay the CSP AF I'd suggest not getting it as opposed to hoping to downgrade. As others mentioned the no AF CS is a weak card anyway, you can do better with almost any cash back card at this point

What's wrong with downgrading?

The fact is if you have an Ink Plus or still have a Bold, then a CS is still a good option for dining when others are not in category.

Re: Chase Sapphire Preferred downgrade

kdm31091 — Tue, 19 May 2015 14:54:51 GMT

Not everyone has an Ink plus or can get it. Again, it's a business card. Some people hype it like it's a normally available card and it's not. It doesn't apply to everyone

OP doesn't mention having an Ink, and without it the CS is unexciting

There's nothing wrong w downgrading but I'd venture that the option won't exist forever which was my point.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 14:57:54 GMT

@kdm31091 wrote:
Not everyone has an Ink plus or can get it. Again, it's a business card. Some people hype it like it's a normally available card and it's not. It doesn't apply to everyone

OP doesn't mention having an Ink, and without it the CS is unexciting

There's nothing wrong w downgrading but I'd venture that the option won't exist forever which was my point.

In the case that an Ink card is not an option. I would apply for an AARP card and roll the CSP limit into it.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 15:24:42 GMT

Instead move the line to a Slate or Freedom card. Or the AARP card like the above poster mentioned, but I'm not certain if that is possible.

Re: Chase Sapphire Preferred downgrade

kdm31091 — Tue, 19 May 2015 15:33:15 GMT

New app requires another HP and AAOA ding. I just don't get it. If you can't justify a CSP don't get it. Why get it planning to take a new HP a year later and combine the limits?

Also that assumes chases combine limits policy will remain as liberal as it is now. That could always change.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 15:34:46 GMT

@kdm31091 wrote:
New app requires another HP and AAOA ding. I just don't get it. If you can't justify a CSP don't get it. Why get it planning to take a new HP a year later and combine the limits?

Also that assumes chases combine limits policy will remain as liberal as it is now. That could always change.

Priorities change. One may see a need for a certain card at a time and later decide it's not for them. This is currently the best plan of action.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 15:56:55 GMT

Not sure what I'll do with the CSP when the AF comes due in January, but I've racked up over $500 in points and booked two flights with them through Chase travel. I also plan to use it for hotels this year, so it has certainly paid off for me so far, and I've only had the card since January. As far as downgrading or canceling, I may travel internationally next year and would still have a use for the card but could use a little higher limit (currently at 7K). Might upgrade to AMEX platinum but don't want to pay $550 for two travel cards. 50K MR points/$5K spend upgrade offer on AMEX but that is a bit steep for me, and MR's aren't as good as UR's I don't think, and now I have a 15K AMEX everday card I'll probably just use for supermarkets and a 0% BT (didn't go for slate because I already had 3 chase cards). CSP is a lower cost travel card option and I eat out a lot, currently using the 5% freedom for that. Non-preferred Sapphire holds no interest for me. I'd just cancel CSP, move the line, eat the $500 CL loss and keep my high-interest low-limit amazon and freedom. But I think I'll hold on to the CSP for at least another year or so and pay the $95 in January.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 15:58:41 GMT

@Anonymous wrote:
Not sure what I'll do with the CSP when the AF comes due in January, but I've racked up over $500 in points and booked two flights with them through Chase travel. I also plan to use it for hotels this year, so it has certainly paid off for me so far, and I've only had the card since January. As far as downgrading or canceling, I may travel internationally next year and would still have a use for the card but could use a little higher limit (currently at 7K). Might upgrade to AMEX platinum but don't want to pay $550 for two travel cards. 50K MR points/$5K spend upgrade offer on AMEX but that is a bit steep for me, and MR's aren't as good as UR's I don't think, and now I have a 15K AMEX everday card I'll probably just use for supermarkets and a 0% BT (didn't go for slate because I already had 3 chase cards). CSP is a lower cost travel card option and I eat out a lot, currently using the 5% freedom for that. Non-preferred Sapphire holds no interest for me. I'd just cancel CSP, move the line, eat the $500 CL loss and keep my high-interest low-limit amazon and freedom. But I think I'll hold on to the CSP for at least another year or so and pay the $95 in January.

You don't have to lose $500 of CL. I didn't when I closed the SW.

Re: Chase Sapphire Preferred downgrade

Anonymous — Tue, 19 May 2015 16:01:00 GMT

That's good to know.