Author Topic: downgrading from sapphire preffered to sapphire regular  (Read 1897 times)

Offline m65

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downgrading from sapphire preffered to sapphire regular
« on: October 15, 2012, 04:22:12 AM »
if i downgrade my preffered card to a regular one:
1- is there an annual fee?
2- do i keep my points?
3- do i get the 7% bonus on january 1st?
4- do i still have the mcw coverage in israel?
5- is there a 3% international transaction fee?
thanx

Offline AsherO

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #1 on: October 15, 2012, 10:10:54 AM »
1. No.
2. Yes, but no longer transferable to miles/hotel-points from the Sapphire non-preferred card.
3. No. (FYI, it usually posts on SP cardholders February statement, not 1/1)
4. I don't think the Sapphire non-preferred is a WMC(/VS), but I'm not sure about this one.
5. Yes.

Answers to most of your questions are listed on this Chase webpage.
PGF24BMGS

Offline m65

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #2 on: October 15, 2012, 04:37:03 PM »
thanx asher.
2. Yes, but no longer transferable to miles/hotel-points from the Sapphire non-preferred card.

Answers to most of your questions are listed on this Chase webpage.
so what r the points good 4 then? what r they worth?

Offline Tzadik Nistar

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #3 on: October 15, 2012, 05:58:41 PM »
If i downgrade and then apply again for sapphire preferred will they deny because i have already a sapphire?

Offline smurf

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Re: Re: downgrading from sapphire preffered to sapphire regular
« Reply #4 on: October 15, 2012, 08:51:57 PM »
If i downgrade and then apply again for sapphire preferred will they deny because i have already a sapphire?
probably, but you should be able to tell them to close the regular and open a preferred

Offline MEIR613

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #5 on: October 15, 2012, 09:02:43 PM »
thanx asher.so what r the points good 4 then? what r they worth?

You could sell them
UR mall
when you get another sp card you could transfer them or if you have ink bold

Offline ahecht37

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #6 on: October 15, 2012, 10:23:07 PM »
if u earned 100,000 ur points one year what will ur bonus be?

Offline Saver2000

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #7 on: October 15, 2012, 10:27:04 PM »
if u earned 100,000 ur points one year what will ur bonus be?
From spending?  7,000 points.

Offline ahecht37

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #8 on: October 15, 2012, 10:33:14 PM »
From spending?  7,000 points.
thanks, yes it was a theoretical number

Offline doodley

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #9 on: October 15, 2012, 11:43:21 PM »
if i upgrade from sapphire to sapphire preferred do my points come with me? how about from chase freedom

Offline sky121

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Re: Re: downgrading from sapphire preffered to sapphire regular
« Reply #10 on: October 15, 2012, 11:44:43 PM »
if i upgrade from sapphire to sapphire preferred do my points come with me?

Upgrade? Yup!
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Offline doodley

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #11 on: October 15, 2012, 11:58:19 PM »
even chase freedom? how do they work out the extra 7%

Offline sky121

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Re: Re: downgrading from sapphire preffered to sapphire regular
« Reply #12 on: October 16, 2012, 12:29:33 AM »
even chase freedom? how do they work out the extra 7%

Can you upgrade from the Freedom? If yes I'd imagine you'd keep your points. You wouldn't get the 7% bonus on the merged in points according to their terms but YMMV.
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Offline montey

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #13 on: October 16, 2012, 01:57:11 PM »
Can you guys help me pin down the churn recipe for Sapphire Preferred? I have (my first) Sapphire Pref WMC:

1. Open card account
2. Spend and hit minimum
3. wait for points to post
4. Close card immediately? Downgrade to reg?
5. Open a Visa if you have WMC and vice versa? Timing?

Thanks



Offline sky121

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Re: downgrading from sapphire preffered to sapphire regular
« Reply #14 on: October 16, 2012, 02:52:44 PM »
Can you guys help me pin down the churn recipe for Sapphire Preferred? I have (my first) Sapphire Pref WMC:

1. Open card account
2. Spend and hit minimum
3. wait for points to post
4. Close card immediately? Downgrade to reg?
5. Open a Visa if you have WMC and vice versa? Timing?

Thanks

When I churned I just closed down my Visa after a year (transferring my credit line to a different card) , waited a month and applied for a MC.

"Not all who wander are lost"