What To Know
- Inform the representative that you would like to downgrade your current credit card to a different Southwest card.
- Can I downgrade my Southwest credit card to a card with no annual fee.
- Downgrading your card may have a small negative impact on your credit score due to changes in your credit limit and average age of accounts.
Do you have a Southwest credit card that you no longer find valuable? Downgrading to a different Southwest card can help you save on annual fees and earn rewards that better suit your spending habits. Here’s a comprehensive guide on how to downgrade your Southwest credit card:
Contact Southwest Customer Service
The first step is to contact Southwest customer service by phone at 1-888-201-3232. Inform the representative that you would like to downgrade your current credit card to a different Southwest card.
Choose a New Southwest Card
Southwest offers a variety of credit cards with different benefits and annual fees. Before downgrading, research the available options and select the card that best meets your current needs.
Meet the Eligibility Requirements
To downgrade your card, you must meet the eligibility requirements for the new card you are applying for. This may include having a certain income or credit score.
Complete the Downgrade Application
Once you have selected a new card, the customer service representative will guide you through the downgrade process. You will need to provide your personal and financial information, as well as the details of the card you wish to downgrade.
Receive Your New Card
After your application is approved, you will receive your new Southwest credit card within 7-10 business days. The old card will be canceled automatically.
Retain Benefits and Points
When you downgrade your card, you will retain any accumulated rewards and benefits. However, you may lose certain benefits or protections associated with the higher-tier card.
Consider the Impact on Your Credit Score
Downgrading a credit card can have a small impact on your credit score. The change in your credit limit and average age of accounts can slightly lower your score.
When to Downgrade Your Southwest Credit Card
There are several situations when it may be beneficial to downgrade your Southwest credit card:
- When you no longer travel as frequently or need the benefits of a higher-tier card
- When you want to save on annual fees
- When you want to earn rewards that better suit your spending habits
- When you are having trouble managing the high credit limit on your current card
When Not to Downgrade Your Southwest Credit Card
There are also times when it may not be advisable to downgrade your Southwest credit card:
- If you anticipate needing the benefits of a higher-tier card in the future
- If you have a large balance on your current card and want to avoid higher interest rates
- If you have a high credit score and value the prestige of a higher-tier card
Quick Answers to Your FAQs
Q: Can I downgrade my Southwest credit card online?
A: No, you cannot downgrade your card online. You must contact Southwest customer service to initiate the process.
Q: How long does it take to downgrade my Southwest credit card?
A: The downgrade process typically takes 7-10 business days.
Q: Will I lose my Southwest points when I downgrade?
A: No, you will retain all accumulated Southwest points when you downgrade your card.
Q: Can I downgrade my Southwest credit card to a card with no annual fee?
A: Yes, Southwest offers several credit cards with no annual fee.
Q: What is the impact of downgrading my Southwest credit card on my credit score?
A: Downgrading your card may have a small negative impact on your credit score due to changes in your credit limit and average age of accounts.
