Reading Now:
Downgrade Options For Bank Of America Credit Cards
Advertiser Disclosure: Many of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.
Back
2
minute read

Downgrade Options For Bank Of America Credit Cards

Discover Your Best Downgrade Options for Bank of America Credit Cards

song.url

Let's discuss the downgrade options for Bank of America cards.

Downgrade Rules for Bank of America Credit Cards

  • Same Family: Bank of America allows downgrades across different card families. You can downgrade any Bank of America card to another, including product changes from co-branded cards (e.g., Alaska, Virgin Atlantic) to Bank of America-branded cards (e.g., Cash Rewards, Travel Rewards).
  • Personal to Business: You can only downgrade personal cards to other personal cards. Business cards cannot be downgraded, though most do not carry an annual fee.
  • Rewards: You will not lose any rewards when downgrading a Bank of America credit card.
  • Timeframe: Bank of America cards can be downgraded at any time, even within the first 12 months.
  • Credit Score: Downgrading a credit card will not negatively affect your credit score.
  • Annual Fee Refund: Officially, refunds for annual fees are handled on a case-by-case basis, depending on your relationship with the bank. However, in practice, Bank of America typically refunds the annual fee if you downgrade or close the card within 30-45 days.

Downgrade Options for Bank of America Credit Cards

Here’s a comprehensive list of downgrade options for various Bank of America cards:

  • Alaska Airlines Visa Signature Card ($75):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Amtrak Guest Rewards World Mastercard ($79):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Air France KLM World Elite Mastercard ($89):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Bank of America® Premium Rewards® Credit Card ($95):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Allegiant World Mastercard ($59):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Sonesta World Mastercard ($75):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Virgin Atlantic World Elite Mastercard ($90):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Free Spirit® Travel More World Elite Mastercard® ($79):
  • Downgrade to: Bank of America® Customized Cash Rewards Credit Card ($0), Bank of America® Travel Rewards Credit Card ($0), Bank of America® Unlimited Cash Rewards Credit Card ($0).
  • Alaska Airline Business ($50):
  • No downgrade options are available, but closing the card will not affect your credit score as it does not appear on your credit report.

Heading 1

Blog heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Man perplexed by various credit scores
Key points in this article
Key Takeaways
Key Takeaways
Key Takeaways

More questions? More answers.

What's the difference between a credit freeze and a credit lock on Experian?
There is no actual difference. By law, a freeze needs to be offered for free. Experian wants to charge you so they offer a freeze for free but for a lock they want you to pay a membership. They both do the same thing
Is it possible to reallocate my credit limit from a personal Chase card to a business card?
No, you can only transfer credit limits from personal to personal or from business to business within Chase.
Does obtaining a credit limit increase from Chase involve a credit check?
No, Chase does not pull credit for a credit limit increase.

0 Comments

Active Here: 0
Be the first to leave a comment.
loader
Loading
Load Previous
Someone is typing...
No Name
Set
4 years ago
Moderator
(Edited)
This is the actual comment. It's can be long or short. And must contain only text information.
Your comment will appear once approved by a moderator.
Load Previous
No Name
Set
2 years ago
Moderator
(Edited)
This is the actual comment. It's can be long or short. And must contain only text information.
Your reply will appear once approved by a moderator.
Load More
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Load More
loader

Articles

The latest news and updates,
Chase Ink Business Unlimited®
New Offer!
$900 Cash Bonus
See offer