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Chase Product Change/Card Conversion: Downgrade, Upgrade, Keep or Cancel? 2020

Chase Product Change/Card Conversion: Downgrade, Upgrade, Keep or Cancel? 2020

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Old Jun 16, 20, 12:21 am   -   Wikipost
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This is the 2020 thread for weighing the relative merits
of keeping, downgrading, or canceling Chase-issued credit cards.


Discussion from 2016 to 2019 can be found in this closed thread.

What's the main reason people product change (PC)?
The benefits offered by a particular card, might suit you better than the card you are holding. Many people, unable to qualify for a new Chase Sapphire Reserve application, upgraded from the Sapphire Preferred to the Sapphire Reserve, because the benefits of the CSR's cash reimbursements made the annual fee a nominal difference the first year. And vice versa- the onerous $450 yearly fee of the CSR makes an appealing case to downgrade to the Sapphire Preferred, and eventually to the no-fee Sapphire or a Freedom card.

Many people product change to avoid the annual fees on the premium versions of the card. Keeping the card open, via a product change, keeps the account open. This allows you to retain the seasoned account, and the banking relationship that the older card has established with Chase.

Why not just cancel the card and be done with it?
This may be the right choice for you, but others want some of the card benefits without having to reapply. Also, Chase has become very restrictive for new card applicants. For Chase cards, you must wait 24- 48 months since the last time you received a bonus before reapplying. Please see the threads on the individual cards for updated overlay rules.

An additional (and more stringent) overlay is the infamous 5/24 rule, which Chase instituted in May 2016 as a counter-measure against churning, or, as they refer to it, "Serial Starters." The 5/24 rule is that you won't be eligible for most Chase card products if you've opened more than 5 credit cards in 24 months. For more on this and other application-related issues, see the current "Applying for Chase Credit Cards " Master thread.

Finally, canceling certain cards--those earning Chase Ultimate Rewards--may deprive you of the ability to exchange UR for miles/points in air & hotel programs. See Ultimate Rewards transfer partners, times & rules.

Is there any way I can keep a card without paying the annual fee?
See Chase Retention Bonuses: June 2015-Present

Are there any restrictions on product changes?
Product changes are only allowed within the same card "family," and are not permitted between business and personal cards. Also, Chase cites the federal CARD Act to deny product changes on any account less that one year old.

Will a product change count as a new card?
No, you will keep your same card number, "opened on" date, credit line, automatic payment arrangements, etc. A product change does not count against Chase's 5/24 limitations on new cards.

Will I get a signup bonus when I change?
No, product changes do not result in point bonuses. Signup bonuses are reserved for new applicants only. For the complete list of public sign up offers, check the Chase sitemap here: https://creditcards.chase.com/sitemap

Is there a place I can look to compare cards?
Go here: https://creditcards.chase.com/credit...D=177087865887
Click: All cards
Place a checkmark in the Compare box for up to three cards.
Click: Compare cards...and you should see a side-by-side display.

I've figured out what I want to switch to. How do I product change my card?
Call the number on the back of your card.

="3"%Product changes for the Ultimate Reward Business and Personal Card Family

The UR family of cards includes the Chase Ink business cards, the Freedom Unlimited, the Freedom Card, and the Chase Sapphire Preferred, Reserve and Sapphire.

The Slate (personal) card is also available to downgrade to. It has no annual fee and does not earn any type of reward points. It offers a low fee (currently 0% for the first 60 days) balance transfers and APR.

Personal Cards
  • Freedom: 5X points in rotating quarterly categories up to $1500 spend per quarter. If you max out the $1500 every quarter, it totals 7500 UR per quarter, or 30,000 UR per year.
  • Freedom Unlimited: 1.5X for all spending, no bonus categories. $20,000 in spend would net 30,000 UR per year.
  • Sapphire Reserve: $550 annual fee, $300 annual travel credit, 3X points for travel and dining. Books travel through the UR portal for 1.5 per dollar. Lounge access and other goodies. See the thread here for details.
  • Sapphire Preferred: $95 annual fee, 2X points for travel & dining
  • Sapphire: Not available to new applicants. Available as a product downgrade/change only, must tier down from the Sapphire Reserve to Sapphire Preferred to Sapphire or Freedom cards. No annual fee. Some Customer Service Reps are citing that the original product (i.e., the CSR), must be held for one year before downgrading. Please provide data points in the thread if this happens to you.


Business Cards
  • Ink Plus: $95 annual fee, 5X office supplies, 5X cellular/landline/cable; 2X gas and hotels
  • Ink Preferred: 3x on travel, shipping, internet/phone/cable, & some online advertising.
  • Ink Cash: No annual fee, 5X office supplies, 5X cellular/landline/cable; 2X gas and restaurants

If you still have a legacy Ink Classic or Ink Bold business card, neither of which is available for new signups, you can product change to one of the other Ink cards.

Considerations for downgrading/upgrading:

Can I combine my UR points?
Yes, UR can be combined freely across the cardholder's own personal and business accounts.

What about transfering my UR to another person's Chase UR account? To their air/hotel partner account?
With restrictions, UR from a personal card can be transferred to a person living at the same address. Business cards allow transfer to owners of the company listed as authorized users.

However, be warned that there are transfer restrictions. Unauthorized transfers have resulted in shut-downs. Review the Chase T&C for details before planning a transfer. For discussion, see http://www.flyertalk.com/forum/chase...-accounts.html.

The Freedom cards, no-fee Ink Cash, and no-fee Sapphire cards do not allow UR transfer to airline/hotel partners. If you are downgrading from a premium UR card and will only have no-fee cards left, it may be prudent to transfer your points to the partner of your choice beforehand.

I know I can use UR to pay for travel directly (as opposed to transfering points into a travel partner program). Do the Chase UR cards differ on this?
Only the Sapphire Reserve books travel on the UR portal for 1.5. So you can stack your card bonus opportunities when your UR points are combined into your CSR account and used for booking travel. If, for instance, you earned 5x on your Ink Plus on your phone bill, and combine those 5x Ink earned points into your CSR's UR account, you'll now get an additional .5 in value when you redeem them on the travel portal.

="3"%Product Changes for United Airlines Cards

There are options to downgrade or upgrade UA cards.
  • United Mileage Plus Card- no annual fee, 1 UA mile per $2 in spend
  • United Mileage Plus Explorer Card- $95 annual fee, 1 mile per dollar earning, additional award inventory on UA, free checked bag, 25% bonus on the shopping portal.
  • United Club Infinite Card- $525 annual fee, 4 miles per $1 travel, 2 miles per $1 dining
  • Business Cards for the Mileage Plus and Club Card give you a choice to upgrade or downgrade between those two.

="3"%Southwest Airlines Cards

The difference here is a nominal $30/3000 points per year.

Personal cards
  • Plus Card- $69 annual fee, 3000 bonus points upon renewal
  • Premiere Card- $99 annual fee, 6000 bonus points upon renewal
The Business cards also have a Plus and Premiere version.



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Old Dec 31, 19, 1:25 pm
  #1  
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Chase Product Change/Card Conversion: Downgrade, Upgrade, Keep or Cancel? 2020

Why do people maintain a CFU and a CSP along with a CFC?

If there is no real reason to keep a CSP could I convert it to a Ritz and then in 48 months apply for the CSR?

Last edited by mia; Dec 31, 19 at 1:35 pm
EasternTraveler is offline  
Old Jan 5, 20, 7:21 am
  #2  
 
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My annual fee for my CSP is in a month - can I upgrade to CSR now for a prorated AF but get full access to this years $300 travel credit or is it prorated too?
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Old Jan 5, 20, 7:46 am
  #3  
 
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Originally Posted by nic3456 View Post
My annual fee for my CSP is in a month - can I upgrade to CSR now for a prorated AF but get full access to this years $300 travel credit or is it prorated too?
Annual Fees are never pro-rated, nor are the travel credits. Refunds of annual fees can be pro-rated.
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Old Jan 5, 20, 8:20 am
  #4  
 
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Originally Posted by pallhedge View Post
Annual Fees are never pro-rated, nor are the travel credits. Refunds of annual fees can be pro-rated.
Thanks, I was getting it confused with how AMEX does AF
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Old Jan 5, 20, 9:12 pm
  #5  
 
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My AF for the Chase Sapphire is coming up in Feb. I don't anticipate travelling much this year and thinking about downgrading/product change to the Chase Freedom Card to avoid the hefty AF.

Once I'm ready to start travelling again, is it fairly easy to upgrade back to the Chase Sapphire?
th79ft is offline  
Old Jan 6, 20, 6:38 am
  #6  
 
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If I have an ink plus, ink cash, and ink unlimited, can I PC the unlimited to a second ink cash?
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Old Jan 6, 20, 7:54 am
  #7  
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Originally Posted by th79ft View Post
My AF for the Chase Sapphire is coming up in Feb. I don't anticipate travelling much this year and thinking about downgrading/product change to the Chase Freedom Card to avoid the hefty AF.

Once I'm ready to start travelling again, is it fairly easy to upgrade back to the Chase Sapphire?
Yes, this should be fine.

Originally Posted by DeltaNeutral28 View Post
If I have an ink plus, ink cash, and ink unlimited, can I PC the unlimited to a second ink cash?
Yes
StartinSanDiego is offline  
Old Jan 12, 20, 8:44 am
  #8  
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I need to find a card that I can product change to a Ritz. Is there one in particular any of you would get - spend for SUB - PC in short order?
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Old Jan 12, 20, 4:27 pm
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Why try to get the Ritz card in 2020? It is almost but certain to get devalued or worst gutted. My experience with co-branded cards is they always end up going south especially if the partnership discontinued
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Old Jan 12, 20, 6:43 pm
  #10  
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Originally Posted by EasternTraveler View Post
I need to find a card that I can product change to a Ritz. Is there one in particular any of you would get - spend for SUB - PC in short order?
Any of the Chase personal Marriott cards should be able to be PC'd as of now, but due to the CARD act you can't PC up to a higher fee card in the first year.

Originally Posted by openwheelracing View Post
Why try to get the Ritz card in 2020? It is almost but certain to get devalued or worst gutted. My experience with co-branded cards is they always end up going south especially if the partnership discontinued
On the contrary, at least so far. It's only had more benefits added to it since it was discontinued to new applicants, namely the addition of the 50k anniversary night cert. Also the partnership hasn't been discontinued. In case you didn't notice Chase still issues Marriott cards, they just don't have the right to issue new "ultra premium consumer" cards. Amex took over that portion of the turf with the Marriott Brilliant card.
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Old Jan 12, 20, 7:50 pm
  #11  
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Originally Posted by krazykanuck View Post
Any of the Chase personal Marriott cards should be able to be PC'd as of now
Does Chase allow you to PC to discontinued-to-new-applicant cards (that are still open to those got them before the discontinuation), "forever"? Many banks discontinue the ability to PC to a discontinued-to-new-applicants card shortly after it's discontinued to new applicants (but not necessarily at exactly the same time).

For example, can someone really still PC to the old $85 AF Marriott card when the new $95 AF Marriott card is all people can apply for (at that level of card)?
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Old Jan 12, 20, 7:58 pm
  #12  
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Originally Posted by sdsearch View Post
Does Chase allow you to PC to discontinued-to-new-applicant cards (that are still open to those got them before the discontinuation), "forever"?
What I meant was that any of the personal Marriott cards should be able to be PC'd to a Ritz card, not that you could PC freely between all the Marriott cards. I mean I don't have a crystal ball, and I'm somewhat surprised that Chase still lets people PC to the Ritz card now ~18 months past they took down the application links, but who knows how long they'll continue to allow it. I know in your example, there are probably people that would prefer the old Marriott card and the ability to MS elite night credits. but I don't know.
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Old Jan 13, 20, 8:47 am
  #13  
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Could I PC a business Marriott card to the Ritz?
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Old Jan 13, 20, 4:03 pm
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Originally Posted by EasternTraveler View Post
Could I PC a business Marriott card to the Ritz?
No. You cannot PC business to personal (or vice versus)

Regards
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Old Jan 13, 20, 5:59 pm
  #15  
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Originally Posted by scubadu View Post
No. You cannot PC business to personal (or vice versus)

Regards
Well I guess I have no alternative but to wait out my 24 mos. since AX Brilliant was approved which means I cannot get personal Bonvoy Visa until September and then I have to wait until the September 2021 to get a Ritz.
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