topic Re: Options for downgrading Chase Sapphire Reserve? in Credit Cards

Options for downgrading Chase Sapphire Reserve?

toothgrind3r — Sun, 26 Nov 2023 03:23:53 GMT

I currently have the Reserve and Unlimited, with wife an AU on Unlimited, and she has her own Unlimited (PC'd from a Reserve), we use the AU unlimited as a sort of "shared expense" catch all.

We're closing in on 750k points pooled. Plan is to eventually use those for a vacation. (Might just wait until we hit a million)

That said, I am really trying to pair down my AF's, so I am taking a look at options for the Reserve. Without getting into reasons to keep it or product change it (I'm still debating) I am more looking for advice/answers on the following, and anything else you think is important to know.

1. I know that UR points are worth more with the CSR. But as we will most likely be transferring to a partner like Hyatt, that doesn't really apply, correct? They're only worth more if booking through the portal, correct?

2. Would is make sense, or is it even allowed, I know the rules change sometimes, so I might be misinformed, to maybe PC my Reserve to a Flex, and app for the Preferred to get the SUB?
3. Aside from the Reserves specific perks (like travel credits, etc) is there anything I'm missing?

Any advice would be greatly appreciated!

Re: Options for downgrading Chase Sapphire Reserve?

Anonymous — Sun, 26 Nov 2023 04:32:49 GMT

@toothgrind3r wrote:

1. I know that UR points are worth more with the CSR. But as we will most likely be transferring to a partner like Hyatt, that doesn't really apply, correct? They're only worth more if booking through the portal, correct?
Yes, transfers are the same ratio with any transfer card. (But if you lose the CSR, you will need another transfer card like the CSP)
2. Would is make sense, or is it even allowed, I know the rules change sometimes, so I might be misinformed, to maybe PC my Reserve to a Flex, and app for the Preferred to get the SUB?
You can get the SUB for the preferred if it 48 months or more since getting a SUB for the CSR (or CSP if you had one during that time)
3. Aside from the Reserves specific perks (like travel credits, etc) is there anything I'm missing?

Any advice would be greatly appreciated!

Re: Options for downgrading Chase Sapphire Reserve?

toothgrind3r — Sun, 26 Nov 2023 04:36:11 GMT

Thanks @Anonymous!

Re: Options for downgrading Chase Sapphire Reserve?

toothgrind3r — Sun, 26 Nov 2023 04:45:35 GMT

@toothgrind3r wrote:
Thanks @Anonymous!

Actually, one more question.

If I decide to PC the Reserve to a Flex, and app for the Preferred for the SUB, what would be the best order? I was thinking the following, just in case I get denied for the Preferred.

1. App for Preferred

2. PC Reserve to Flex

I guess I'm just wondering...it's okay to techincally have Preferred/Reserve at the same time, correct?

Yes, Reserve is older then 48 months...opened it about a year after it was introduced.

Re: Options for downgrading Chase Sapphire Reserve?

K-in-Boston — Sun, 26 Nov 2023 06:49:31 GMT

@toothgrind3r wrote:
@toothgrind3r wrote:
Thanks @Anonymous!
Actually, one more question.
If I decide to PC the Reserve to a Flex, and app for the Preferred for the SUB, what would be the best order? I was thinking the following, just in case I get denied for the Preferred.
1. App for Preferred
2. PC Reserve to Flex
I guess I'm just wondering...it's okay to techincally have Preferred/Reserve at the same time, correct?

No. You will be automatically denied for both CSP and CSR if you have an open Sapphire Reserve, Sapphire Preferred, or even the legacy no AF Sapphire card. Chase has been enforcing a "One Sapphire" policy for a few years now. You would definitely need to product change first, and just to be safe I would allow a little time for the PC to fully propagate through Chase's system before applying for a new Sapphire product.

Re: Options for downgrading Chase Sapphire Reserve?

toothgrind3r — Sun, 26 Nov 2023 06:59:19 GMT

@K-in-Boston wrote:
@toothgrind3r wrote:
@toothgrind3r wrote:
Thanks @Anonymous!
Actually, one more question.
If I decide to PC the Reserve to a Flex, and app for the Preferred for the SUB, what would be the best order? I was thinking the following, just in case I get denied for the Preferred.
1. App for Preferred
2. PC Reserve to Flex
I guess I'm just wondering...it's okay to techincally have Preferred/Reserve at the same time, correct?

No. You will be automatically denied for both CSP and CSR if you have an open Sapphire Reserve, Sapphire Preferred, or even the legacy no AF Sapphire card. Chase has been enforcing a "One Sapphire" policy for a few years now. You would definitely need to product change first, and just to be safe I would allow a little time for the PC to fully propagate through Chase's system before applying for a new Sapphire product.

Wow, good to know! Interesting, and yikes...so I would run the chance of moving my points to the Unlimited, and then not getting approved for the Preferred and losing out. I'm 99% confident that I shouldnt have an issue getting approved for the Preferred, but there's always that chance.

Re: Options for downgrading Chase Sapphire Reserve?

K-in-Boston — Sun, 26 Nov 2023 07:22:06 GMT

Would it be plausible for your spouse to open CSP as a Plan B if for some reason you were not approved? (May even be a pre-approved offer in their Chase account.) Chase allows you to transfer UR points to one member of your household. (You may already be doing this in the opposite direction.)

Re: Options for downgrading Chase Sapphire Reserve?

swankytiger — Sun, 26 Nov 2023 15:28:58 GMT

@toothgrind3r wrote:
@K-in-Boston wrote:
@toothgrind3r wrote:
@toothgrind3r wrote:
Thanks @Anonymous!
Actually, one more question.
If I decide to PC the Reserve to a Flex, and app for the Preferred for the SUB, what would be the best order? I was thinking the following, just in case I get denied for the Preferred.
1. App for Preferred
2. PC Reserve to Flex
I guess I'm just wondering...it's okay to techincally have Preferred/Reserve at the same time, correct?

No. You will be automatically denied for both CSP and CSR if you have an open Sapphire Reserve, Sapphire Preferred, or even the legacy no AF Sapphire card. Chase has been enforcing a "One Sapphire" policy for a few years now. You would definitely need to product change first, and just to be safe I would allow a little time for the PC to fully propagate through Chase's system before applying for a new Sapphire product.
Wow, good to know! Interesting, and yikes...so I would run the chance of moving my points to the Unlimited, and then not getting approved for the Preferred and losing out. I'm 99% confident that I shouldnt have an issue getting approved for the Preferred, but there's always that chance.

I mean you can always PC back to a CSP or CSR to transfer. If you want SUB churning you can do the Chase Ink Business cards as well.

You still need one of either the CSP, CSR or Chase Ink Preferred to transfer points.

The proper way to do it is pc to the Freedom Flex, wait at least 7 days(some wait 31 days), then apply for the CSP. 5/24 dependant as well. If you are denied for the CSP you can always call recon and get credit limit moved from one of the other cards for the CSP to be approved.