This has been discussed before, but I want to make sure I have it right. I want to get rid of my Chase Sapphire Reserve card and get the Sapphire Preferred. My annual renewal fee on the Reserve card is due on March 1st, so I want to close it out before the fee is charged. So that I won't lose my "age of credit history" with the Reserve, should I call Chase and ask to have it downgraded to the Freedom Flex card? (I already have the Freedom Unlimited.) My other two cards I have only had about 1 year each (Freedom Unlimited and Chase United Explorer card.) My credit score is about 800 if that matters.
March 1st is also my 4 year anniversary with the Reserve card, therefore, once I downgrade that one, I want to apply for the Preferred card to get the bonus points. Before I do anything with the Reserve card I understand that I need to transfer the points to my Freedom Unlimited card, then I can transfer all the points to the Preferred card once approved.
This will give me 4 credit cards: Chase United Explorer, Preferred, Freedom Unlimited and Freedom Flex. I don't really need that many cards and would like to only have one of the Freedom cards, but I would like to avoid losing my age of credit history with the Reserve card, unless that really is not that big of a deal.
Appreciate any advice.