If i downgrade my chase sapphire preferred to the chase freedom unlimited can i still transfer chase ultimate rewards points from the freedom unlimited to the chase sapphire reserve. However if you downgrade a chase sapphire reserve or preferred card to a chase freedom or freedom unlimited card you will lose the ability to transfer those points to hotel and airline partners unless you have another like the. This allows you to reapply for the other premium sapphire card which means that you ll earn the opening bonus.
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