Guide
You have options
Most credit cards offer a no-fee option in lieu of keeping a fee based card via a product change. So here, I'll show you what your options are based on whatever card you're reconsidering. See the benefits to doing this below to see how this could be more beneficial vs closing a card.
Search for your card above to see your product change options.
Why do a product change instead of canceling?
No hard credit pull
A product change is not a new application. Your credit score is not affected and no new account appears on your report.
Credit history and limit are preserved
The account age carries over to the new card. Your credit limit typically stays the same. This is the primary advantage over canceling and re-applying.
No sign-up bonus on any product change
Every issuer is explicit on this. If a sign-up bonus matters, apply for the card fresh as a new applicant.
Must stay within the issuer
You cannot product change between issuers. Chase cards stay at Chase, AmEx cards stay at AmEx, and so on.
Annual fee timing matters
Request the product change before your annual fee posts to avoid paying it. Refund policies vary — check the issuer details above.
When to use the cancel/downgrade tool instead
Not sure whether to downgrade, call for a retention offer, or cancel outright? Use the decision tool →
Credit card names, trademarks, and brand assets referenced on this page are the property of their respective issuers. He’s Got a Point is not affiliated with, endorsed by, or sponsored by any card issuer.