Downgrading & Produ...
 

Downgrading & Product Changing Credit Cards: How & When To Do It

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(@lucky)
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I spend a lot of time on the blog talking about applying for credit cards, though that’s potentially not the only way that you can acquire a credit card that might be on your radar.

Continue reading: Downgrading & Product Changing Credit Cards: How & When To Do It

Share your questions, experiences, and thoughts below.


8 Replies
8 Replies
(@Mike O.)
Joined: 7 years ago

Posts: 1049

Since we're talking about product changes, I figured I ask for advice here.

I currently have an American Express Blue Sky card which is obsolete and has been long discontinued. I've racked up almost 90K points since I've first had it around 2009 or so. My question is what do I do with those points and what card should I product change it?

Thanks!


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(@Patrick)
Joined: 8 years ago

Posts: 98

Ben,
I'm going to down grade my CSR to the CSP. Will I lose my ability to transfer my points to my spouses account?
They have Ink cards if that matters.
What cards are needed to keep the transfer capabilities alive?
Thanks


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 ITX
(@ITX)
Joined: 3 years ago

Posts: 6

And also on the same topic, those of us with Barclay's Aviator cards will soon have to make this decision. Any update on what Citi card Aviator members will transition to? If we let accounts transition, I guess that makes us ineligible for bonus miles on the new Citi Card, correct?

I was looking at product change options with Barclay's, but nothing sounds great. They are mostly co-brands with no general rewards or cashback option any more. I am thinking to just cxl and reapply for a Citi Card when they offer a good SUB. Thoughts?


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(@Randy)
Joined: 8 years ago

Posts: 12

I recently downgraded from AMEX Gold since I rarely eat out and the increase cost would not be recouped from groccery purchases. I've had an AMEX card for 40 years and knew if canceled it would stay on my credit file for ten years and having many other cards the lost would not make a big difference. However - I have a lot of points I did not want to lose and only flying 2-3 times a year there was no place I wanted to transfer those points to right now without further review. So - I downgraded to green - the only option. It was easy - the associate was understanding and only took five minutes. I will retain until I decided the best route for my points.


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 Fred
(@Fred)
Joined: 3 years ago

Posts: 12

I have the Marriott Brilliant AMEX and just reached lifetime platinum status. What card do you recommend switching to?


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 Sean
(@Sean)
Joined: 7 years ago

Posts: 8

Unfortunately it looks like the only card you can downgrade to is the Bonvoy Bevy for $250. Feel free to take a look but otherwise you're looking at cancelation.


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(@iamhere)
Joined: 10 years ago

Posts: 1879

I think the timing is also important here. When changes first come out there is likely to be less rules regarding the downgrade compared to later as we have recently seen with the CSR card for example. I think that this article refers to an upgrade or downgrade but there are other ways to do it as well.


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 JB
(@JB)
Joined: 1 year ago

Posts: 1

See if you can use the Clear credit on the Green if that makes sense for you when traveling. More than recoups the cost of the Green annual fee, if you value the credit that much.


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