Don’t cancel: How to downgrade a Chase credit card

The 30-second read

Executives should consider product changes rather than cancellations to preserve credit history and existing point balances. Chase allows cardholders to downgrade premium accounts to no-annual-fee versions while maintaining the same account number and credit line.

• 01Product changes preserve the length of credit history and overall credit score metrics
• 02Downgrading to no-fee cards prevents the loss of accumulated rewards and points
• 03Requesting a downgrade maintains existing credit lines without requiring a new hard credit inquiry
• 04Chase permits moving between cards within the same personal or business product families

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