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If I Downgrade My Credit Card, Do I Keep The Credit History?
I’m thinking of trying to downgrade some airline credit cards to other cards with the same banks to keep the history (of having the two cards 30 + years each.)
But is this even possible?
Isn’t the bank (Citibank and Chase) the company that ”owns” my history?
I don’t need airline cards when I have all the other desirable cards (Chase Sapphire Reserve, Capital One Venture X, etc.).
Some no-fee cards with those banks would be fine.
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7 Replies
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The important numbers for credit are (1) how much you have and (2) what % is available.
I downgraded a Citi Premier to a no fee rewards and an Amex Delta Reserve to a no fee Delta Blue.
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You can’t go from an airline card to a hotel card or whatever.
See if they have a $0 annual fee version of your card
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I changed my AA Platinum Select to Citi Premier 2 months ago without issue.
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Just close the card(s).
It’s ok, really.
Accounts stay on your credit report for 10 years from the closing date.
As long as it doesn’t significantly change your utilization % the effects of closing will be minimal.
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The banks generally do not allow you to upgrade or downgrade between different families of cards they offer but depends on the card and bank.
I know you can’t even change between Visa & Mastercard brands.
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You might be able to downgrade to no fee ones with the same airline but (at least with Chase) you can’t change among product families.
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There are no annual fee versions of at least some of the airline cards that you could potentially change to.
Chase has the United Gateway Card and Amex has the Delta Blue.
But as another person said, you can only product change within a product family.
For co-branded cards, that means other co-branded cards with the same partner.
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