When to Downgrade vs. Cancel a Credit Card — And Top Options for Downgrading Your Card When to Downgrade vs. Cancel a Credit Card — And Top Options for Downgrading Your Card

When to Downgrade vs. Cancel a Credit Card — And Top Options for Downgrading Your Card

Managing the credit cards in your wallet is a crucial component of maximizing award travel. If you've decided that a particular card in your wallet no longer supports those goals, that's okay. However, it might be advantageous to downgrade your card rather than cancel it outright. Here's when you should downgrade.