Can You Convert Chase Sapphire Preferred To Reserve

Specifically you can transfer chase freedom points to the chase sapphire reserve ultimate rewards account.

Can you convert chase sapphire preferred to reserve.

One of the most popular product changes between chase cards is between the chase sapphire reserve and chase sapphire preferred card. Yes you can upgrade from chase sapphire preferred to chase sapphire reserve by phone dial the number on the back of your existing chase credit card or online through a secure message in your. Csp chase amazon rewards and chase. I m well over 5 24.

Though the reserve charges a 550 annual fee that s too much to stomach for some cardholders and might even prompt a downgrade users who spend at least 3 334 on travel and dining a year can get more value out of the reserve than the preferred. Unfortunately many people aren t able to get the chase sapphire reserve because of chase s 5 24 rule if you ve gotten more than 5 cards in the past 24 months you won t be approved for most chase cards. If you now want to apply for the chase sapphire preferred card for its 80 000 point bonus after you spend 4 000 on purchases in the first 3 months after account opening you must first downgrade the sapphire reserve. Fwiw i have three accounts with chase.

I actually considered that but a few months ago i was denied when i applied for the freedom due to too many accounts opened. Having the chase sapphire reserve lets me redeem ultimate rewards points to book travel via the chase travel portal at a value of 1 5 cents per point vs 1 2 cents per point with sapphire preferred. What many people don t realize is that you can transfer chase points from one of your cards to another meaning that my entire stash of chase points could be moved to my sapphire reserve and. We break down the two cards to so you can decide which is best.

Your card needs to have been open for at least 12 months before a product change of this type is allowed no hard pull is done you keep your credit history and your chase 5 24 status is not changed either. Highlights earn 80 000 bonus points. The chase sapphire preferred can t compete with the reserve when it comes to perks such as the annual travel credit and the return on bonus category spending but this card still could make more sense for you.