Can You Convert Chase Sapphire Preferred To Reserve

We break down the two cards to so you can decide which is best.

Can you convert chase sapphire preferred to reserve.

Highlights earn 80 000 bonus points. Yes you can upgrade from chase sapphire preferred to chase sapphire reserve by phone dial the number on the back of your existing chase credit card or online through a secure message in your. Specifically you can transfer chase freedom points to the chase sapphire reserve ultimate rewards account. Fwiw i have three accounts with chase.

What many people don t realize is that you can transfer chase points from one of your cards to another meaning that my entire stash of chase points could be moved to my sapphire reserve and. One of the most popular product changes between chase cards is between the chase sapphire reserve and chase sapphire preferred card. Your card needs to have been open for at least 12 months before a product change of this type is allowed no hard pull is done you keep your credit history and your chase 5 24 status is not changed either. It s also important to remember that chase freedom chase freedom unlimited chase slate cards can all be upgrade to the chase sapphire preferred reserve cards.

If you now want to apply for the chase sapphire preferred card for its 80 000 point bonus after you spend 4 000 on purchases in the first 3 months after account opening you must first downgrade the sapphire reserve. That transfer makes the 1 earned from the chase freedom worth 1 5 when redeemed for travel. Having the chase sapphire reserve lets me redeem ultimate rewards points to book travel via the chase travel portal at a value of 1 5 cents per point vs 1 2 cents per point with sapphire preferred. Are you debating whether to get the chase sapphire preferred or the chase sapphire reserve.

Though the reserve charges a 550 annual fee that s too much to stomach for some cardholders and might even prompt a downgrade users who spend at least 3 334 on travel and dining a year can get more value out of the reserve than the preferred. I actually considered that but a few months ago i was denied when i applied for the freedom due to too many accounts opened. Unfortunately many people aren t able to get the chase sapphire reserve because of chase s 5 24 rule if you ve gotten more than 5 cards in the past 24 months you won t be approved for most chase cards.