Many card issuers will allow you to downgrade your credit card instead of canceling it outright.
How to Contact Your Credit Card IssuerIf your card issuer lets you downgrade your credit card to another one, you should see the change in your online account page within a few days.
Considerations Before DowngradingImpact on Credit ScoreClosing a credit card account can reduce the age of your credit history and cause your credit utilization to rise if you carry balances on other cards.
The Drawbacks of Downgrading Your Credit CardYou can absolutely downgrade your credit card, but there's an argument to be made for signing up for a new, different credit card instead and simply closing your old one.
Your best bet is having a card in mind to downgrade to, then calling your card issuer using the number on the back of your credit card to ask.
Persons:
you've, Chase, It's
Organizations:
Chase, Chase Sapphire Reserve
Locations:
Chase