How to Downgrade Your Credit Card
Some credit card issuers let you change or downgrade a credit card without closing your account. It can be a good option if your card has a high annual fee, benefits you don't use or another card offers a rewards program that better aligns with your spending.
Benefits to Downgrading a Credit Card
Downgrading and upgrading cards is also called a product change, as you're swapping the credit card product without closing your account. As a result, you can keep your credit line and avoid the potential impact that closing a card can have on your credit scores.
Often, people downgrade a card because their current card's annual fee is coming due soon. They might feel like the card isn't worth its fee anymore, but they also don't want to close the account altogether. If you downgrade to a card that doesn't have an annual fee, you may be able to avoid the fee or get a recently charged annual fee refunded.
You may even find that the card you swap to is more suitable for you. Maybe it has a more generous rewards program, or offers bonus rewards in a category that you're spending more money in right now. Even if your new card has lower rewards rates, you might wind up earning more overall after you account for the lack of an annual fee.
Best credit cards of 2026
Compare cards from our partners with intro bonuses, cash back or points offers, and annual fees as low as $0.
Offers from our partners
Citi Double Cash® Card
Intro APR:0% for 18 months on Balance Transfers
Ongoing APR:17.49% - 27.49% (Variable)
Rewards:2% (cash back)
Annual Fee:$0
Blue Cash Everyday® Card from American Express
Intro bonus:You may be eligible for as high as $200 cash back after spending $2,000 in purchases on your new Card in the first 6 months. Welcome offers vary and you may not be eligible for an offer. Cash back is received as Reward Dollars, redeemable for statement credit or at Amazon.com checkout. Terms Apply.
Intro APR:0% on Purchases and Balance Transfers for 15 months
Ongoing APR:19.49%-28.49% Variable
Rewards:1% - 3% (cash back)
Annual Fee:$0
Wells Fargo Reflect® Card
Intro APR:0% intro APR for 21 months from account opening on purchases and qualifying balance transfers
Ongoing APR:17.49%, 23.99%, or 28.24% Variable APR
Rewards:N/A*
Annual Fee:$0
Revel® Platinum Mastercard®
Ongoing APR:35.90% Fixed
Rewards:N/A*
Annual Fee:$75 - $125
Citi® Diamond Preferred® Card
Intro APR:0% for 21 months on Balance Transfers and 12 months on Purchases
Ongoing APR:16.49% - 27.24% (Variable)
Rewards:N/A*
Annual Fee:$0
American Express Platinum Card®
Intro bonus:You may be eligible for as high as 175,000 Membership Rewards® Points after spending $12,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.
Ongoing APR:See Pay Over Time APR
Rewards:1x - 5x (Points per dollar)
Annual Fee:$895
Wells Fargo Active Cash® Card
Intro bonus:Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
Intro APR:0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Ongoing APR:18.49%, 24.49%, or 28.49% Variable APR
Rewards:2% (Cash Rewards)
Annual Fee:$0
Discover it® Cash Back
Intro bonus:INTRO OFFER: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Intro APR:0% intro APR for 15 months on Purchases and Balance Transfers
Ongoing APR:17.49% - 26.49% Variable APR
Rewards:1% - 5% (cash back)
Annual Fee:$0
The opensky® Secured Visa® Credit Card
Ongoing APR:23.89% Variable
Rewards:10% (cash back)
Annual Fee:$35
American Airlines AAdvantage® MileUp® Card
Intro APR:0% for 15 months on Balance Transfers
Ongoing APR:19.49% - 29.49% (Variable)
Rewards:2x (Miles per dollar)
Annual Fee:$0
Credit One Bank® Secured Card
Ongoing APR:29.74% Variable
Rewards:1% (cash back)
Annual Fee:$0
Citi Strata Premier® Card
Intro bonus:Earn 60,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $600 in gift cards or travel rewards at thankyou.com.
Ongoing APR:19.49% - 27.49% (Variable)
Rewards:1x - 10x (Points per dollar)
Annual Fee:$95
Avant® Cashback Rewards Mastercard®
Ongoing APR:35.99%*
Rewards:1% (cash back)
Annual Fee:$0*
Costco Anywhere Visa® Card by Citi
Ongoing APR:18.74% - 26.74% (Variable)
Rewards:1% - 5% (cash back)
Annual Fee:$0
First Latitude Secured Mastercard® Cash Back Rewards
Ongoing APR:27.49% Variable
Rewards:1% - 10% (cash back)
Annual Fee:$0
Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
Ongoing APR:19.49% - 29.49% (Variable)
Rewards:2x (Miles per dollar)
Annual Fee:$99, waived for first 12 months
Avant® Cashback Rewards Mastercard®
Ongoing APR:35.99%*
Rewards:1% (cash back)
Annual Fee:$39*
Credit One Bank® Platinum X5 Visa® Metal Card
Ongoing APR:29.74% Variable
Rewards:1% - 5% (cash back)
Annual Fee:$95
First Progress Prestige Secured Mastercard® Cash Back Rewards
Ongoing APR:13.49% Variable
Rewards:1% - 10% (cash back)
Annual Fee:$49
Credit One Bank® Wander® American Express® with Dining, Gas & Travel Rewards
Ongoing APR:29.74% Variable
Rewards:1% - 10% (cash back)
Annual Fee:$95
Marriott Bonvoy Brilliant® American Express® Card
Intro bonus:Earn 200,000 Marriott Bonvoy® bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership. Offer Ends 5/13/2026.
Ongoing APR:19.49%-28.49% Variable
Rewards:2x - 6x (Points per dollar)
Annual Fee:$650
Discover it® Miles
Intro bonus:UNLIMITED BONUS: Unlimited Mile-for-Mile match for all new cardmembers. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match. You could turn 35,000 Miles into 70,000 Miles.
Intro APR:0% intro APR for 15 months on Purchases and Balance Transfers
Ongoing APR:17.49% - 26.49% Variable APR
Rewards:1.5x (Miles per dollar)
Annual Fee:$0
Delta SkyMiles® Reserve American Express Card
Intro bonus:Earn 100,000 Bonus Miles after you spend $6,000 in purchases with your new Card, and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card, both within your first 6 months. Ends 04/01/2026.
Ongoing APR:19.49%-28.49% Variable
Rewards:1x - 3x (Miles per dollar)
Annual Fee:$650
Delta SkyMiles® Platinum American Express Card
Intro bonus:Earn 80,000 Bonus Miles after you spend $4,000 in purchases with your new Card, and an additional 20,000 bonus miles after you make an additional $2,000 in purchases on the Card, both within your first 6 months. Ends 04/01/2026.
Ongoing APR:19.49%-28.49% Variable
Rewards:1x - 3x (Miles per dollar)
Annual Fee:$350
Delta SkyMiles® Blue American Express Card
Intro bonus:Earn 10,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 6 months.
Ongoing APR:19.49%-28.49% Variable
Rewards:1x - 2x (Miles per dollar)
Annual Fee:$0
One Key™ Card
Intro bonus:Limited Time Offer: Earn $300 in OneKeyCash™ after you spend $1,000 on purchases in the first 3 months. OneKeyCash is not redeemable for cash and can only be used on Expedia®, Hotels.com® and Vrbo®. To learn more, please refer to the One Key Terms and Conditions at www.expedia.com/one-key-terms.
Ongoing APR:18.49%, 23.49%, or 28.49% Variable APR
Rewards:1.5x - 3x (Points per dollar)
Annual Fee:$0
One Key+™ Card
Intro bonus:Earn $350 in OneKeyCash™ after you spend $3,000 on purchases in the first 3 months. OneKeyCash is not redeemable for cash and can only be used on Expedia®, Hotels.com® and Vrbo®. To learn more, please refer to the One Key Terms and Conditions at www.expedia.com/one-key-terms.
Ongoing APR:18.49%, 23.49%, or 28.49% Variable APR
Rewards:2x - 3x (Points per dollar)
Annual Fee:$99
Avant® Cashback Rewards Mastercard® - With A Higher Credit Limit
Ongoing APR:35.99%*
Rewards:1% (cash back)
Annual Fee:$125*
Avant® Cashback Rewards Mastercard®
Ongoing APR:35.99%*
Rewards:1% (cash back)
Annual Fee:$0*
Avant® Cashback Rewards Mastercard®
Ongoing APR:35.99%*
Rewards:1% (cash back)
Annual Fee:$75*
See all our best credit cards for 2026.
Drawbacks to Downgrading a Credit Card
There may be downsides to downgrading a credit card as well. For instance, if your current card has an introductory 0% annual percentage rate (APR) offer, the intro promotional period might be cut short. Ask a card issuer representative how a product change will impact your account's standard and promotional APRs to verify their policy before you make your decision.
Downgrading to a lower-tier card could also mean you'll lose your original card perks, such as access to statement credits, primary rental car insurance and airport lounges. Additionally, you won't necessarily get intro bonus offers for the new card.
And, if you earned an intro bonus on your original card and then try to downgrade it to avoid paying the first annual fee, the card issuer may claw back your rewards if it suspects you're gaming the system.
How to Downgrade Your Credit Card
Credit card issuers don't have to offer product changes or comply with your request, and each company may have different policies and rules.
If your card issuer allows downgrades, you can make the request by calling the card issuer and asking for a product change. Some issuers may also give you an option to request the downgrade online or send you a product change offer in the mail or online.
Review the issuer's credit cards ahead of time to see which card you want to switch to. Your options could be limited to cards within the same "family." For example, if you have a co-branded airline card, you might only be able to change to other co-branded cards with the same airline.
When you request the change, the issuer's representative can tell you about the next steps in the process. You'll have to wait for the new card to arrive in the mail, but you may still be able to use your old card in the meantime.
When downgrading isn't an option, you may have to close your account and apply for a new card. However, there's no guarantee that an issuer will approve your application for the new card. If your current card has rewards, you may also want to review the program rules to ensure you won't lose the rewards in your account when it's closed.
Does Downgrading a Credit Card Affect Your Credit Score?
Downgrading a credit card won't directly impact your credit score if your account isn't closed and your credit limit doesn't change.
Credit scoring models, such as FICO, consider various factors related to credit card accounts, including when the account was opened, its current balance compared with the credit limit (credit utilization rate) and your payment history with the account. However, the specific card, interest rate and rewards program aren't part of your credit report and don't impact your credit score.
Closing the account and applying for another credit card could impact your score in several ways, however. For instance, closing a card can lower your overall available credit, which may increase your utilization rate and hurt your scores. Opening a new card could lead to a hard inquiry and lower the average age of your accounts, which could also hurt your scores.
Compare Options Before Downgrading or Applying
Whether you're downgrading or applying to a different card, you can compare your options and choose the card that will be the best fit. You can review cards using Experian's card comparison tool. If you're going to apply for a new card, you may want to check your credit score for free first.
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About the author
Louis DeNicola
Louis DeNicola is freelance personal finance and credit writer who works with Fortune 500 financial services firms, FinTech startups, and non-profits to teach people about money and credit. His clients include BlueVine, Discover, LendingTree, Money Management International, U.S News and Wirecutter.
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