FlyerTalk Forums - View Single Post - Downgrading Cards before Annual Fee
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Old Jun 22, 2012 | 10:25 am
  #3  
particlemn
 
Join Date: Dec 2010
Location: Long Beach
Programs: HHonors Diamond, Hyatt Diamond
Posts: 1,171
Originally Posted by acoustic
Hi, I'm new to the whole frequent flying game and am wanting to get started but am weary about card churning due to my position in life. I have no debt but have a short credit history. I am trying to build my credit so that I can take out a mortgage within the next year or two. I don't want to churn cards so that my credit won't take any kind of hit but I do want to open up a new card (I currently have one with my bank) to decrease the percentage of my credit limit used. To do this I want to open a new card that waves the first annual fee and take advantage of rewards but downgrade the card (not cancel it) when the annual fee is due next year.

What credit card companies have people been most successful with when trying to downgrade to a no fee card?
both the hilton citi visa (50k bonus) and the Hilton amex (40k bonus) offer no fee ever. Its only hilton points but 50k pts will get you one night in a nice hilton or 2 nights in an average hampton inn. also the amex erans 3 pts per dollar and 6 pts per dollar at gorcery, gas, drugstores, and hilton properties
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