FlyerTalk Forums - View Single Post - Chase Sapphire Preferred - Keep, Downgrade, or Cancel?
Old Jun 2, 2012, 8:40 am
  #15  
sam_goh
 
Join Date: Feb 2011
Location: CVG
Programs: Hyatt Giraffe
Posts: 1,664
Originally Posted by decibel08
i'd recommend not cancelling the CSP but rather downgrading to the normal chase sapphire with no annual fee. still get 2x on dining out, just lose the 2x on travel and 7% annual bonus. plus you keep your credit line open with the same account, which helps me a lot cause i have relatively short credit history on average.
On the flip side, Chase is a little more draconian than others, say Citi, about # of cards you have. I've got 2 freedoms, a UA, the CSP, and an Ink Bold. I was able to call reconsideration and get the UA but it may be safer to reduce the # of cards I have since Chase seems to have a lot of attractive offers.
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