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Preserving Ultimate Rewards Points While Downgrading Cards

I get a lot of questions about the logistics of upgrading and downgrading cards that can potentially earn Chase Ultimate Rewards points. The three cards that directly earn Ultimate Rewards points are the Chase Sapphire Preferred® Card, Chase Sapphire Reserve?, and Ink Business Preferred? Credit Card. However, you can supplement those cards with the Chase Freedom® Card, Chase Freedom Unlimited®, and Ink Business Cash? Credit Card.
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