Multiple, identical credit cards
Fun thing I learned a little while ago: you can have multiple versions of the same credit card. Credit card companies treat each credit line as just that: a credit line. So you can have as many Chase Sapphire Reserve cards as your millennial heart desires. You’d just have to pay the annual fee for each of them.
This helps me in a super specific way. I had a Chase Sapphire Preferred card, and I held it for a year. During that year, I added a Chase Sapphire Reserve card (to satisfy my inner millennial), rendering the Preferred card useless. I held onto the card for the rest of the year because I wasn’t paying an annual fee. When a year elapsed, the $95 annual fee kicked in. Since I was already paying a $450 annual fee on the Reserve card, I opted to “cancel” the Preferred. But, instead of cancelling the card, I simply downgraded it to one of Chase’s many free card options.
I was worried that I wouldn’t be able to get a zero-annual fee Chase card because I already had most of the other Chase cards. But, the helpful agent on the phone told me I would be able to simply convert the Preferred card to a free card I already had: I would just have two accounts of the same card.
…it’s the little things…
