Downgrading chase sapphire to freedom?

[imaximous]

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@UpperNwGuy wrote:

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@imaximous wrote:
If you’re not going to benefit from the card, you should probably downgrade and save the AF. You could always re-upgrade if plans change eventually. In fact, we downgraded CSR and Citi Prestige when the pandemic started.
Might consider a PC again if/when the situation improves, but all travel plans are canceled for the foreseeable future.

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After downgrading to the Freedom Unlimited, how long do you have to wait before you can upgrade back to the CSR?  A year?  Less?

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I don't know exactly how long. I've done this in less than a year before, but no idea how soon I could have. I think @CreditCuriosity has done this a few times.

[CreditCuriosity]

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@imaximous wrote:

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@UpperNwGuy wrote:

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@imaximous wrote:
If you’re not going to benefit from the card, you should probably downgrade and save the AF. You could always re-upgrade if plans change eventually. In fact, we downgraded CSR and Citi Prestige when the pandemic started.
Might consider a PC again if/when the situation improves, but all travel plans are canceled for the foreseeable future.

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After downgrading to the Freedom Unlimited, how long do you have to wait before you can upgrade back to the CSR?  A year?  Less?

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I don't know exactly how long. I've done this in less than a year before, but no idea how soon I could have. I think @CreditCuriosity has done this a few times.

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Should be fine to upgrade at any time as long as available. Should be fine since you have had a higher AF card being the CSR before so not violating the card act etc..

[Anonymous]

This is the post I was looking for. I've always wondered if you downgrade, can you re-upgrade later on. Thanks for that. 

[TSlop]

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@Anonymous wrote:

This is the post I was looking for. I've always wondered if you downgrade, can you re-upgrade later on. Thanks for that. 

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Yup, I downgraded my CSP to a no AF Sapphire and then upgraded again maybe 6-8 months later.

[gkinter]

Thanks for everyone's input! I just called Chase and they told me while I can downgrade my APR will stay the same and I won't get any bonuses. I am prequalified to get a $200 bonus and 14.99 APR so I just might pull the trigger on the side but it makes me pretty sad that they want to keep a 23% APR even with me having a 750 credit score vs. 680 when I got the CSP. I asked if they can lower the CSP APR and they said no to that...

[gkinter]

Another thought.... Could I get the Freedom unlimited, get the better apr and bonus... transfer the credit line to it from the CSP and than cancel CSP? 

[TSlop]

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@gkinter wrote:

Another thought.... Could I get the Freedom unlimited, get the better apr and bonus... transfer the credit line to it from the CSP and than cancel CSP? 

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You could do that. I've transferred balances around between my cards with just a secure message to Chase. I don't know how much they'll require you to leave on the CSP, though.

[imaximous]

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@gkinter wrote:

Another thought.... Could I get the Freedom unlimited, get the better apr and bonus... transfer the credit line to it from the CSP and than cancel CSP? 

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You could do that and end up with just one card if that's all you want. Or, you could downgrade to a Freedom and still apply for a Freedom Unlimited. You get the SUB and now have a card that earns 1.5% everywhere and another that earns 5% on rotating categories.

The 5% Freedom doesn't need a large limit since it's maxed out at $1,500 per quarter. You could always reallocate your credit limits to accomodate your spending. 

Also, if you ever decide you want a Sapphire card again, you can PC back one of the cards and still have a second UR earning card; or continue to build on your UR ecosystem.

Just another thought.