 TITLE: How to Downgrade Your Credit Card CONTENT: Benefits to Downgrading a Credit Card\n-------------------------------------\nDowngrading 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.\nOften, 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.\nYou 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. END