Cancel Chase Sapphire Preferred Card

The chase sapphire reserve recently increased its annual fee to 550.

Cancel chase sapphire preferred card.

That s 1 000 toward travel when you redeem through chase ultimate rewards. I did the math and decided to cancel the card before i m billed for the high annual fee next year. Accounts subject to credit approval. It s difficult to get a category bonus on dining restaurant spend the best option only earns 3 cash back apart from cards with temporary bonuses or rotating categories given the chase sapphire also earns 2x points on this category and it s a downgrade option it s hard to assign any value in this spending category.

Chase sapphire preferred card. You can cancel with a secure message from your online account. With the pay yourself back tool your ultimate rewards points are worth 25 more when you redeem them for statement credits against purchases in our current categories. You ll likely have to pick the chase sapphire preferred card or another chase ultimate rewards product.

Your chase sapphire preferred account must be open and not in default to maintain subscription benefits. You can usually downgrade only to similarly branded cards. When prompted ask to speak to a customer service representative. Restrictions and limitations apply.

If you request a product change you are not. Sapphire preferred is broadening your world of benefits. To cancel a chase sapphire preferred card call customer service at 1 800 432 3117. Earn 80 000 bonus points after you spend 4 000 on purchases in the first 3 months from account opening.

Sapphire preferred credit cards are issued by jpmorgan chase bank n a. Richard should weigh this when deciding whether or not to close his sapphire and if he does decide to close it he might want to look into buying supplemental third party travel insurance or downgrading his card to the chase sapphire preferred card which has similar benefits but only has a 95 annual fee. My sapphire preferred card still has a significant credit line and remains open for a few days. Chase sapphire preferred card review.

With a much lower 95 annual fee the chase sapphire preferred is a much more budget friendly option to earn chase ultimate rewards. However there is an important thing to remember when it comes to downgrading to the chase sapphire preferred. This card earns 2x chase ur points on dining travel purchases. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.

If you have the chase sapphire reserve for example you probably can t downgrade to the marriott bonvoy boundless credit card. You can only access the benefits available with your current credit card.