Like I have been posting about a lot lately, I recently got the Chase Sapphire Reserve Card with a 100,000 bonus point offer. Score!
When comparing the Chase Sapphire Reserve to my beloved Chase Sapphire Preferred Card, it seems that everything the Preferred card does, the Reserve card does better. So for me, I was planning to get rid of my Sapphire Preferred with it’s $95 annual fee. I did not think I needed both cards.
I recently posted about downgrading a card as a good alternative to canceling a card. I took my own advice, and called Chase. I downgraded my Chase Sapphire Preferred to the “newish” NO FEE Chase Freedom Unlimited which gives me 1.5 Ultimate Rewards points on every purchase. This card will become my new “go to” card for my everyday spending when I am making purchases where I can’t earn a higher spending bonus. (ie-on sneakers, clothes, etc.)
I wanted the card anyway, but likely would have been barred by the Chase 5/24 rule. I barely got approved for the Reserve card due to this rule.
So, in the end, everything worked out and I am eager to use my two new Chase cards, my Chase Sapphire Reserve and my Chase Freedom Unlimited….A LOT!