Downgrading CC
Jan 7, 2012 | 8:22 am
#2
Join Date: Nov 2011
Programs: UA 1K, Marriott Platinum, Hertz President Circle
Posts: 291
There should be no problem doing that. Many Chase cards also have different levels of earnings and benefits based on whether or not there is a fee. If you don't use the card enough to justify the annual fee, then it would be a good move to "downgrade" it.
Jan 7, 2012 | 2:30 pm
#3
In memoriam
Join Date: Jan 2006
Posts: 4,020
IMHO would be a bad idea. 
Because, it is much better to cancel a card when or before the end of the annual fee waiver for a new account ends rather than trying to keep it open by "downgrading" to a new, fee free, card. If you cancel you can get a new bonus at some point. And, bonuses are what let us fly in F.
Plus, it's called a downgrade for a reason. The miles earned are usually half those on the original card per dollar spend.
Cancel card when fee comes due or before and move on to a new card.
Because, it is much better to cancel a card when or before the end of the annual fee waiver for a new account ends rather than trying to keep it open by "downgrading" to a new, fee free, card. If you cancel you can get a new bonus at some point. And, bonuses are what let us fly in F.
Plus, it's called a downgrade for a reason. The miles earned are usually half those on the original card per dollar spend.
Cancel card when fee comes due or before and move on to a new card.
Last edited by biggestbopper; Jan 7, 2012 at 5:47 pm