He CHASE SAPPHIRE PREFERRED® card (see rates and rates) is one of our favorites Travel cards In TPG, and at this time it is offering a limited time bonus of 100,000 final rewards points after spending $ 5,000 on purchases in the first three months from the opening of the account.
This card wins valuable Chase Ultimate Rewards points, giving you access to some of the Best hotel transfer partners and airlines. You can also win definitive rewards points with the CHASE SAPPHIRE Reserve® (see rates and rates) and the Ink Business Prefered® credit card (see rates and rates).
The final rewards points are flexible because it can decide when and where to transfer their points and how many transfer. For example, you can transfer some points to Hyatt world book a hotel room for only 3,500 points or for Air Canada Airplan Program To reserve an executive class flight to Europe for 60,000 points.
However, if you are thinking of degrading your Chase credit card, here is an important step to consider before doing so.
What to consider before degrading your persecution card
If you currently have a SAPPHIRE CHASE card, you can be considering degrading a non -annual tariff persecution card, such as the CHASE FREEDOM UNLIMITED® (see rates and rates) or the CHASE FREEDOM FLEX® (see rates and rates), To protect your credit history and/or obtain a welcome offer.
However, if you are looking Win a Chase welcome bonusKeep in mind that you will not be able to hold that card in your wallet or that you have earned a bonus on that card in the last 48 months.
If you still decide to degrade your card, your Rewards Ultimate account will remain active, but it is important to keep in mind that you can only Transfer the ultimate rewards points to travel partners if you have an active sapphire card or a preferred active ink business card.
Related: Complete degradation guide and change of products to welcome bonuses on CHASE SAPPHIRE cards
Therefore, if your persecution card degrades one of the freedom cards, you can still exchange your trip points for discount or cash reimbursement at a rate of 1 penny by point with the definitive rewards platform. However, he will lose the ability to transfer their points to the air and hotel partners.
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Therefore, if you have a favorite loyalty program for which you reserve regularly, you may want to transfer your persecution points before lowering your card. For example, you can transfer your points to Airpan from Air Canada to Star Alliance Book Partners Flights. Know that transfers are irreversible, so be sure to transfer your rewards.
If you do not want to transfer your points and, instead, you want to redeem them before degrading, you can also exchange your points in Chase Travel℠ For 1.5 cents per point if you have the sapphire reservation and 1.25 cents per point if you have the preferred sapphire. But, if you use transfer partners, you can obtain a much greater redemption value, since TPG values pursue points in 2.05 cents per point in our April 2025 Valuations.
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With the Chase Sapphire preferred card Offering a limited time bonus of 100,000 final rewards points after spending $ 5,000 on purchases in the first three months since the opening of the account, you may want to reevaluate the alignment of your card.
If you plan to degrade your sapphire card and have a favorite transfer partner (also known as one that you use frequently), consider transferring your definitive rewards balance to that partner (or several) before lowering your card. When using transfer partners, obtaining more than 1 penny per point in value is easy.
Otherwise, you must wait until you are approved for a sapphire presentation or ink card again before you can transfer your final rewards points.
