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.

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