If I Upgrade To Reserve Do I Lose My Points?

Click these links to see our take on the Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Freedom Unlimited, https://bestcreditcard.com/review/chase-freedom

If you are currently a cardholder of any kind, it may be in your best interest to upgrade to the Chase Sapphire Reserve, one of the most highly sought-out credit cards in the United States. Known for its exclusive benefits and redemptions, this card will reward any cardholder that carries it.

Cards You Can Use to Upgrade

Specifically, if you are currently a cardholder of the Chase Freedom, Chase Freedom Unlimited, Chase Sapphire, or Chase Sapphire Preferred credit cards (these are the only cards you can use to upgrade to the Reserve), you may be wondering, “If I upgrade to the reserve card, will I lose my current points that I have already earned through my current Chase credit card?” The answer is, you need to be careful when going through this process.

Switching Your Chase Ultimate Rewards Points

While Chase Ultimate Rewards Points never expire, Chase WILL take away points if you close the card that earned you Chase Ultimate Rewards points. This is a mistake that is very common, even for the most experienced cardholders. However, there is a way to make sure you keep all your points while closing your card.

1. Sign In to Your Check Your Point Balance 

From here, you will see your different Chase cards and how their point balances stack up against one another.

2. Choose the Card You Plan to Cancel/Upgrade and Select the “Combine Points” Option

Select the card you plan to cancel after you click the “combine points” option from the drop down menu.

3. Select the Number of Points and Where You Want to Transfer Them

Next, choose the account in which you want to transfer your points and enter the number of points you would like to transfer (if you are canceling this card soon, you should of course transfer all of them).

4. Confirm Your Transfer

You can then click on the “Confirm and Submit” button and then get a confirmation page that states “You successfully moved your points.” From there, you can go ahead and cancel your card.

Takeaways:

Even though the Chase Redemption points for any Chase card never expire, the fact that they can be lost while transferring cards is VERY inconvenient. However, if you follow all the steps listed above without fail, you should have no problems with retaining your points.