Introduction

Welcome back to another post in our series on downgrade options! In this article, we'll cover the downgrade options available for Capital One credit cards and important details to keep in mind before making any changes.

Downgrade Rules for Capital One Credit Cards

• Same Family: Generally, you can only product change a Capital One card within the same card family or brand. However, there are some exceptions where you can downgrade to specific cards (detailed below).
• Personal to Business: You can only downgrade personal cards to personal cards and business cards to business cards.
• Rewards: You won't lose any rewards when you downgrade a Capital One credit card.
• Credit Score: Downgrading a credit card will not impact your credit score.
• Annual Fee Refund: Capital One handles annual fee refunds differently. You can get a refund if you close the card within 30 days of when the fee was charged. However, if you downgrade the card, they won’t refund the fee, even within 30 days. Interestingly, Capital One often offers an annual fee waiver if you agree to keep the card open and have a perfect payment history, so it’s worth asking for a waiver first.
• Timing: To avoid paying an annual fee, you should downgrade your card at least 60 days before the fee is billed.
• Availability: Downgrades are not guaranteed and can be targeted for specific accounts. Some cardholders may not be eligible to downgrade their Capital One credit cards.

Downgrade Options for Capital One Credit Cards

• Capital One Venture X Rewards Credit Card ($395)
  • Downgrade to: Capital One Venture Rewards Credit Card ($95) or Capital One VentureOne Rewards Credit Card ($0)
• Capital One Venture Rewards Credit Card ($95)
  • Downgrade to: Capital One VentureOne Rewards Credit Card ($0) or Capital One Quicksilver Cash Rewards Credit Card ($0)
• Capital One Savor Cash Rewards Credit Card ($95)
  • Downgrade to: Capital One SavorOne Cash Rewards for Good Credit ($0) or Capital One Quicksilver Cash Rewards Credit Card ($0)
• Capital One QuicksilverOne Cash Rewards Credit Card ($39)
  • Downgrade to: Capital One Quicksilver Cash Rewards Credit Card ($0)
• Capital One Spark Cash Plus ($150)
  • Downgrade Option: Unfortunately, this card cannot be downgraded.
• Capital One Spark Cash for Business ($95)
  • Downgrade to: Capital One Spark Cash Select for Excellent Credit ($0)
• Capital One Spark Miles for Business
  • Downgrade to: Capital One Spark Miles Select Business Card ($0)

Frequently Asked Questions

• Q: Can I downgrade the Venture X to the VentureOne?
• A: Capital One downgrades are never guaranteed and are determined on an account-by-account basis. If downgrades are available, you should be able to downgrade to the VentureOne, but this isn’t guaranteed.