Question on downgrading from Chase Sapphire Preferred to Freedom and applying for Chase Sapphire Reserve
I downgraded my CSP to a Freedom Unlimited the other day so that I can apply for a CSR. I was told over the phone by customer service to wait until my statement closes on the 13th to apply for the CSR.
Why is this? Do I need to wait to apply?
Posted May 3, 2023, 2:53 PM UTC
37
Customer service reps are often wrong. If you’re applying online, you only need to wait 4 days. (I’m assuming it’s been at least 48 months since you earned your last Sapphire bonus… right??)
Why CSR over CSP? The CSP is usually better for most travelers, and that’s especially so with the higher CSP bonus right now. Do you spend over $9k/year on travel?
Thanks, yea I downgraded on Monday so its been about 48 hours.
Correct on the 48 months, I've had the Sapphire Preferred for almost 7 years now and looking for some bonus points and additional travel benefits.
I'm booking a 10 year honeymoon in the 6-12 months with all the points I've accumulated over the past 7 years and the points are worth more (Assuming all the points I've accumulated with my CSP will get the 1.5 per point when I get the Reserve?)
I dont spend 9k a year on travel, but this trip will be.
Great, you should be good to go to apply online on Friday or anytime after!
Yes, for sure :)
Sounds like it might be worth downgrading back to CSP after 1 year. Enjoy your honeymoon!
Thank you! Yes, i will most likely do that. Appreciate the feedback!
Do all your points stay in the same account/portal? I have csp and I'm looking at downgrading it to the freedom unlimited and applying for the reserve, as well. I'm not sure how it affects the points you have, though. Since it's all the same account, and the downgradex card still generates ultimate pts, they all stay in the system?
Also, can you let me know the math on the 9k/year on travel you mentioned? Will be helpful for deciding to downgrade or not in a year or so.