Very small question. Was primarily in the chase ecosystem with the CFU and CSP combo, and originally had plans to upgrade to the CSR before the changes last year. After the changes, I pivoted to the VentureX, and have not looked back. The CFU still has some of my monthly expenses on it and will be left open no matter what because of its age, but the CSP seems kind of redundant at this point. Have been thinking about transferring all of my miles to United with the Hyatt devaluation and closing it out/ downgrading it.
In terms of the dining benefit, I was considering getting a Capital One Savor to restore that+Add additional points on groceries. Need opinions, as I typically do not go the route of closing cards out, but the annual fee makes me question if i should in this case, especially given the Savor card is very similar and does not carry a fee.
Is it worth cancelling/Downgrading my Chase Sapphire Preferred?
byu/drewlap inCreditCards
Posted by drewlap
5 Comments
Downgrade it to an OG CF to take advantage of quarterly 5x offers. Keep in mind, if it’s under 1yo and you’ve gotten a sub, Chase may claw it back if you downgrade before the AF posts.
If you value Chase transfer partners keep the SP…you need the SP to transfer
I’m in the similar boat, this is my second CSP and I am 24mo in. Plan to downgrade to freedom flex and get in cvx to pair with bilt. Hence I am still covered for airlines
Two possible suggestions:
1. Transfer your points and downgrade to OG Freedom.
2. Keep your points and downgrade CSP temporarily, and in the future when you have sure need to transfer points, upgrade temporarily again, transfer points and downgrade afterwards (only paying little AF).
Regardless, CSP isn’t a card worth keeping continuously, with such weak earning rate.
I say yes, especially considering United’s upcoming miles devaluation for non-United CC holders.
I have had the C1 duo (VX, Savor) for ~3 years now and it’s been great. The only disappointment was last month’s lounge nerf, which is an unresolved issue since we are a family of 3.
P2 had CSR and downgraded it to CFU during COVID. She was planning to go back to CSR before last year’s reimagining, and now she has the Wells Fargo duo instead. She likes WF but prefers C1 because it includes 3% on groceries without a third card.