The Chase Sapphire Most popular® Card (see charges and charges) is considered one of our favourite journey bank cards at TPG, and proper now it is providing a limited-time bonus of 100,000 Final Rewards factors after you spend $5,000 on purchases within the first three months from account opening.
This card earns invaluable Chase Final Rewards factors, providing you with entry to among the finest resort and airline switch companions. You may also earn Final Rewards factors with the Chase Sapphire Reserve® (see charges and charges) and the Ink Enterprise Most popular® Credit score Card (see charges and charges).
Final Rewards factors are versatile as a result of you’ll be able to determine when and the place to switch your factors and what number of to switch. For instance, you may switch some factors to World of Hyatt to ebook a resort room for as little as 3,500 factors or to Air Canada’s Aeroplan program to ebook a business-class flight to Europe for 60,000 factors.
Nevertheless, should you’re enthusiastic about downgrading your Chase bank card, here is an necessary step to think about earlier than doing so.
What to think about earlier than downgrading your Chase card
In the event you at the moment maintain a Chase Sapphire card, you might be contemplating downgrading to a no-annual-fee Chase card, such because the Chase Freedom Limitless® (see charges and charges) or the Chase Freedom Flex® (see charges and charges), to guard your credit score historical past and/or earn a welcome provide.
Nevertheless, should you’re trying to earn a Chase welcome bonus, notice that you simply will not be capable of should you at the moment maintain that card in your pockets or have earned a bonus on that card within the final 48 months.
In the event you nonetheless determine to downgrade your card, your Final Rewards account will nonetheless be energetic, however you will need to notice you can solely switch Final Rewards factors to journey companions when you have an energetic Sapphire card or an energetic Ink Enterprise Most popular Card.
Associated: Full information to downgrading and product-changing to welcome bonuses on Chase Sapphire playing cards
Subsequently, should you downgrade your Chase card to one of many Freedom playing cards, you’ll be able to nonetheless redeem your Chase factors for discounted journey or money again at a charge of 1 cent per level with the Final Rewards platform. Nevertheless, you’ll lose the flexibility to switch your factors to airline and resort companions.
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So, when you have a favourite loyalty program that you simply frequently ebook via, you might need to switch your Chase factors earlier than downgrading your card. For instance, you’ll be able to switch your factors to Air Canada’s Aeroplan to ebook Star Alliance accomplice flights. Simply know that transfers are irreversible, so make sure earlier than transferring your rewards.
In the event you do not need to switch your factors and as an alternative want to redeem them earlier than downgrading, you can even redeem your factors on Chase Journey℠ for 1.5 cents per level when you have the Sapphire Reserve and 1.25 cents per level when you have the Sapphire Most popular. However, should you make the most of switch companions, you may get a a lot better redemption worth, as TPG values Chase factors at 2.05 cents per level in our April 2025 valuations.
Backside line
In the event you plan to downgrade your Sapphire card and have a favourite switch accomplice (aka one you employ incessantly), take into account transferring your Final Rewards stability to that accomplice (or a number of) earlier than downgrading your card. When using switch companions, getting greater than 1 cent per level in worth is simple.
In any other case, you will have to attend till you’re permitted for a Sapphire or Ink Enterprise card once more earlier than you’ll be able to switch your Final Rewards factors.
