Chase Ink Preferred Card Best Downgrade Options

Timely post for me, AF just hit.

On the one hand, the cell phone protection pays for the annual fee.
On the other hand, the Ink Cash will give me 5x instead of 3x on the cell phone bill.
The difference between 3x and 5x is o about 300 UR points per month, or $5.1 per month so net, iit's $5/month or $60 per year phone bill savings, so not quite the annual fee.

If I didn't already have Ink Cash and Freedom unlimited, I'd downgrade. The one I don't have is Freedom Flex, but no path there without downgrading a CSP.

I'll see if there is a retention offer.

No offer, but I realized that I can get an extra UR point booking travel with this card vs. CSP. Airfare I do through Amex Plat, and for now, other travel is on Amex Biz Gold or CSP.

I'll start moving other travel to this card once I make the SUB spend on the Amex Biz Gold as I personally value 3x UR more than 4x MR due to Hyatt transfers.

Thanks for the post Ben!

Hey Ben - I have a lot of Chase Ink cards. I have both an Ink Preferred card (which I really don't use much at all - my other cards provide the same benefits) and I already have an Ink Cash card, too (which I like and want to keep). I only have a single business, which is a sole proprietorship.

Can I keep my existing Ink Cash card and downgrade my Ink Preferred card to an Ink Cash card? I would end up with TWO Ink Cash cards and one business.

Is that possible or would the world explode?

This article says a lot about nothing.