Looking to downgrade your credit card? Here's why you likely won't qualify for a 0% APR offer

By downgrading to the Chase Freedom, you would earn 5% cash back on up to $1,500 in

In our example, downgrading to the the Chase Freedom or Chase Freedom Unlimited would mean that you miss out on earning the $200 cash back after spending $500 on purchases within the first three months. If you are someone who signed up for a credit card, like either of the Chase Sapphire cards, to earn the welcome bonus and now no longer want it, downgrading is still better than completely canceling the account. And it will earn you new cash-back rewards. Otherwise,Although most credit card issuers may likely state that cardholders aren't eligible for new welcome offers or 0% APR promotional periods when they downgrade their card, it's worth it to call and ask.

Also Interest should be waived off during moratorium period (180 day's)....please raise this issue on leading news channels and social media's too...

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Source: CNBC - 🏆 12. / 72 Read more »