{ "media_type": "text", "post_content": "Chase reserve - about to complete an year. Don't want to pay next year's annual fee. What are my options - convert to Chase preferred/ freedom etc.? Is there a way to keep the value of the points?", "post_id": "59911fc29cb18000167de9ed", "reply_count": 11, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Chase reserve - about to complete an year. Don't want to pay next year's annual fee. What are my options - convert to Chase preferred/ freedom etc.? Is there a way to keep the value of the points?

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Call and tell them you don't think the fee is worth it and you are considering canceling the card. If you've been in good standing and don't have a balance, they might waive the fee.

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A1 - waive the $450 fee for CSR? Seems unlikely ...

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Also, assuming you do $300 of annual travel a year, how are you not getting at least $150 worth of benefits from the card that's making you consider churning it??

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Not 100% sure but heard you devalue your points in redemption if you convert to Freedom. Better to keep as Preferred if you are picking between those two.

You sure we can convert like that? I was under the impression you'll have to issue yourself a brand new (separate) card and cancel / keep your current as well

AT1 - you can call and downgrade the card.

You can downgrade to preferred but not freedom, once freedom is a different line of credit cards.

If I downgrade to Chase Preferred, then does it impact the value of the points?

Yes it devalues

P2 - have you tried? It's always worth a shot. They also make you aware of other benefits you may not be using. You might get some other CSR benefit... You never know.

Originally had CSP, then got CSR when it came out last Fall, then downgraded CSP to Freedom Unlimited (no annual fee, flat 1.5x on everything, same 19k credit limit that I had on CSP). Because I hold a CSR, I can redeem any of my UR points at a 50% bonus. What this means is that I effectively get a minimum of 2.25x - 4.5x on anything that I buy between those two cards

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