Downgrade after upgrading
Jul 25, 2025 | 9:45 am
#1
Original Poster
Join Date: Feb 2014
Posts: 87
Downgrade after upgrading
Background: I upgraded a chase freedom card about four months ago to the reserve card. Since the annual fee is based on the old card’s anniversary date, I was just charged the sapphire reserve annual fee.
I have already used the $300 travel credit, am I able to downgrade and have the annual fee reversed, or do I need to wait a year? I asked a representative and they said I could downgrade without any repercussion, but I don’t trust them and don’t want any unwarranted problems with Chase.
The reason for the downgrade is because I just got the business reserve and wanted to minimize overlapping benefits.
thanks
I have already used the $300 travel credit, am I able to downgrade and have the annual fee reversed, or do I need to wait a year? I asked a representative and they said I could downgrade without any repercussion, but I don’t trust them and don’t want any unwarranted problems with Chase.
The reason for the downgrade is because I just got the business reserve and wanted to minimize overlapping benefits.
thanks
Jul 26, 2025 | 8:08 am
#2
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold 1.2MM (BIS), AA LT Plat (SUBs, BD/Bask), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 4,598
Consensus is that it’s not recommended because of what Chase MIGHT do but I don’t think there are enough datapoints for an accurate answer, depends on your personal risk tolerance. I personally see it as a roll of the dice and I personally have had many Chase (and AmEx) rolls without repercussions.
Jul 26, 2025 | 9:43 pm
#3
Original Poster
Join Date: Feb 2014
Posts: 87
Consensus is that it’s not recommended because of what Chase MIGHT do but I don’t think there are enough datapoints for an accurate answer, depends on your personal risk tolerance. I personally see it as a roll of the dice and I personally have had many Chase (and AmEx) rolls without repercussions.
did some tradeline and things back in the day that I regret so guess it’s a lesson learned.
Jul 27, 2025 | 7:46 am
#4
Join Date: Feb 2011
Location: NYC suburbs
Programs: UA LT Gold 1.2MM (BIS), AA LT Plat (SUBs, BD/Bask), Hilton Dia (CC), Hyatt Glob (BIB), et. al.
Posts: 4,598
Reads good. Hopefully a relatively inexpensive lesson, particularly if you can take advantage of some of the (possibly overlapping) benefits.
Agree. With Chase (and/or AmEx) being #1 and/or #2 in this game, excellent examples of “don’t poop where you eat”*
.
(* “The idiom "don't sh-- where you eat" generally means that you should not cause trouble or engage in inappropriate behavior in a place or situation where you regularly depend on for your livelihood, income, or well-being. It's often used as a warning against the dangers of workplace romances.”)
Agree. With Chase (and/or AmEx) being #1 and/or #2 in this game, excellent examples of “don’t poop where you eat”*
. (* “The idiom "don't sh-- where you eat" generally means that you should not cause trouble or engage in inappropriate behavior in a place or situation where you regularly depend on for your livelihood, income, or well-being. It's often used as a warning against the dangers of workplace romances.”)