freedom flex
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If you were thinking about downgrading a Chase Sapphire Reserve, a Chase Sapphire Preferred, or a Chase Freedom Unlimited to a Freedom Flex card when it launches on September 14th, you need to know three things and then act fast.

  • Chase has told Frequent Miler that you will ONLY be able to convert (product change) to a Freedom Flex card from a Chase Freedom (of course, you can apply for the card – but only if you are under 5/24)
  • You won’t be able to convert any cards to the Chase Freedom after September 13th.
  • You can only have one Freedom Flex card.

Connecting the dots, let’s say you currently have a Chase Sapphire Reserve¬†and you want to downgrade it soon. Let’s also say that you already have a Chase Freedom Unlimited. The natural move would be (today) to downgrade to the Chase Freedom and complete the Chase Trifecta. But if you wait until September 15th, you wouldn’t be able to convert that Reserve to the Freedom Flex (because only the Freedom can be converted) and you wouldn’t be able to convert to the Freedom since it will no longer be offered.

If you are in a cash crunch, you should avoid travel rewards credit cards until you are caught up. Here are our favorite credit cards for Intro 0% APR offers and for balance transfer offers

If You Want a Freedom Flex by Product Change and Don’t Have a Freedom…

Now is the time to convert your Sapphire card to a Freedom. Then, after the Freedom Flex launches on September 14th, you can convert to the Flex (I don’t know how long you’ll have to wait in between. I don’t think it would require a year hold of the Freedom, but even if it did, the only other option is not converting it.)

Someone with a Freedom Unlimited and a Chase Sapphire Reserve or Preferred may want to consider downgrading the Sapphire to the Freedom now and then applying for a new Chase Sapphire Reserve¬†or¬†Chase Sapphire Preferred¬†later (and getting a new bonus), if it’s been more than 48 months since your lat Sapphire bonus and you are under 5/24.

Also keep in mind that while you can have more than one Freedom card, you’ll only be allowed one Flex. If you max out your quarterly rotating 5X categories, you could still keep a Freedom along with your new Freedom Flex.

Note: if you do apply fresh, the bonus offer is set to match the existing Freedom Unlimited offer of $200 (as 20,000 Ultimate Rewards points) when you spend $500 in 3 months.

HT: DoC

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How Are You Approaching This?

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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards. 

New to all of this? My ‚Äúintroduction to miles and points‚ÄĚ book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.


I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.

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