Diplomatico

a. Yes, apply 48 months after receipt of your last Sapphire bonus.

b. Correct, you cannot hold the CSR if you want to apply for a CSP.

c. I wouldn't cancel the CSR, I'd product change it to a Freedom Unlimited. Wait a week, then apply for your CSP.

d. Park your CSR points on any UR earning card until you receive your new CSP.

e. You do not need to transfer the points out if you move the points to another UR earning card.

Edit: While I admire your advance planning, many things could change over the course of the next 15 months. What's policy now may not be policy then.

kenpasadena

Cautionary tale. I had the Preferred and called in Sept. to ask about upgrading to Reserved. The agent said I should apply in October when my four year anniversary occurred. I applied for Reserve in Oct. after converting my Preferred into a Freedom Unlimited Card.

I was rejected, as they said I had received a bonus in the last four years. I talked to multiple Chase representatives who each told me something different. One person told me that I needed to wait 90 days without a Sapphire product in order for it to clear all of my credit reports. Another one said I should apply in December after the anniversary of my receiving the points actually passes. Then I talked to another agent who said to wait for January 2020 in order for the whole billing cycle to pass before applying.

I will be applying again in January - after the last agent said I should reapply. In the meantime, I have no Sapphire product and Chase will do nothing for giving me the wrong information multiple times on the phone.

I guess they think their points are worth a heck of a lot - lol

mia

Anniversary of what event?

VLtone

Hi All,

I haven't been getting as much use out of the Reserve card lately so I'm looking to downgrade to the Preferred but would like to get the signup bonus.

I'm wondering how long have you had to wait after cancelling one in order to get the other with the signup bonus? Assuming its less than 30 days I'd go ahead and do it, but it's a big risk to me since (from what I understand), I lose all my UR points in 30 days without holding a card.

Any help is appreciated.

philemer

When did you receive the bonus for your CSR card? If less than 48 months ago you're out of luck on getting another bonus on the CSP.

mia

To eliminate this risk, downgrade Sapphire Reserve to Freedom or Freedom Unlimited.

philemer

Or, just apply for one of the Ink cards, with a 20K UR bonus, and then xfer your UR and close your CSR.

https://creditcards.chase.com/all-cr...ards&CELL=6TKW

VLtone

Thanks guys.

Didn't realize there was a 4 year window and my 3 year card anniversary is today. I think I'll hold onto the card for 1 more year and then try to get the CSP bonus next year.

Back to the original question assuming it's been 48 months of ownership, how difficult is that transition? Can you just cancel CSR and apply for the CSP? Or does it require a lengthier gap?

mia

48 months is measured from the date your most recent Sapphire bonus posted to your UR account, not from the date that you opened the card.

VLtone

Ok fair enough. So around the end of next year. So are you saying I could cancel the CSR on 48 months and 1 day and apply for CSP on 48 months and 2 days and I'd be good?

mia

It may take Chase's system some time to recognize that you are not currently a Sapphire card holder. This is why it is suggested that you downgrade the Reserve to Freedom, which preserves the points, wait about a week, and then apply for Sapphire Preferred. You can move the points from Freedom to Sapphire later.

pallhedge

No. If you cancel a Sapphire card, you need to wait at least 30 days to apply for another Sapphire card. It's better in nearly every way to downgrade your CSR to a Freedom instead of cancelling. This preserves your UR points and you only need to wait a week (instead of a month) to apply for the next Sapphire card.

wco81

Is Freedom the only downgrade choice for CSR or CSP?

I already have Freedom.

When you downgrade, you can't get any of the bonuses right, for instance if I downgrade to Freedom Unlimited?

And is it definitely the case that downgrading to Freedom or Freedom Unlimited will retain all the points you have in CSR/CSP? Or better to transfer them to other UR earning accounts first?

Diplomatico

Freedom and Freedom Unlimited are both UR points earning accounts so each will retain your CSR/CSP points if/when you downgrade.

lax01

Can't wait! Need to cancel/combine some Chase cards in the next 12 months! Get back on the Chase game!