The Chase Sapphire Most well-liked® Card (see charges and costs) is one among our favourite journey bank cards at TPG, and proper now it is providing a limited-time bonus of 100,000 Final Rewards factors after you spend $5,000 on purchases within the first three months from account opening.
This card earns worthwhile Chase Final Rewards factors, supplying you with entry to a few of the finest lodge and airline switch companions. It’s also possible to earn Final Rewards factors with the Chase Sapphire Reserve® (see charges and costs) and the Ink Enterprise Most well-liked® Credit score Card (see charges and costs).
Final Rewards factors are versatile as a result of you’ll be able to determine when and the place to switch your factors and what number of to switch. For instance, you would possibly switch some factors to World of Hyatt to e-book a lodge room for as little as 3,500 factors or to Air Canada’s Aeroplan program to e-book a business-class flight to Europe for 60,000 factors.
Nonetheless, in the event you’re fascinated by downgrading your Chase bank card, this is an vital step to contemplate earlier than doing so.
What to contemplate earlier than downgrading your Chase card
Should you presently maintain a Chase Sapphire card, you could be contemplating downgrading to a no-annual-fee Chase card, such because the Chase Freedom Limitless® (see charges and costs) or the Chase Freedom Flex® (see charges and costs), to guard your credit score historical past and/or earn a welcome supply.
Nonetheless, in the event you’re seeking to earn a Chase welcome bonus, be aware that you simply will not be capable of in the event you presently maintain that card in your pockets or have earned a bonus on that card within the final 48 months.
Should you nonetheless determine to downgrade your card, your Final Rewards account will nonetheless be lively, however it is very important be aware which you can solely switch Final Rewards factors to journey companions when you’ve got an lively Sapphire card or an lively Ink Enterprise Most well-liked Card.
Associated: Full information to downgrading and product-changing to welcome bonuses on Chase Sapphire playing cards
Subsequently, in the event you downgrade your Chase card to one of many Freedom playing cards, you’ll be able to nonetheless redeem your Chase factors for discounted journey or money again at a price of 1 cent per level with the Final Rewards platform. Nonetheless, you’ll lose the power to switch your factors to airline and lodge companions.
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So, when you’ve got a favourite loyalty program that you simply frequently e-book by means of, you could wish to switch your Chase factors earlier than downgrading your card. For instance, you’ll be able to switch your factors to Air Canada’s Aeroplan to e-book Star Alliance companion flights. Simply know that transfers are irreversible, so make certain earlier than transferring your rewards.
Should you do not wish to switch your factors and as an alternative want to redeem them earlier than downgrading, you may as well redeem your factors on Chase Journey℠ for 1.5 cents per level when you’ve got the Sapphire Reserve and 1.25 cents per level when you’ve got the Sapphire Most well-liked. However, in the event you make the most of switch companions, you will get a a lot better redemption worth, as TPG values Chase factors at 2.05 cents per level in our April 2025 valuations.
Backside line
With the Chase Sapphire Most well-liked Card providing a limited-time bonus of 100,000 Final Rewards factors after you spend $5,000 on purchases within the first three months from account opening, you would possibly wish to reevaluate your card lineup.
Should you plan to downgrade your Sapphire card and have a favourite switch companion (aka one you utilize regularly), think about transferring your Final Rewards stability to that companion (or a number of) earlier than downgrading your card. When using switch companions, getting greater than 1 cent per level in worth is simple.
In any other case, you’ll need to attend till you’re accepted for a Sapphire or Ink Enterprise card once more earlier than you’ll be able to switch your Final Rewards factors.
