Your card offers are updated regularly, so continue to check back either online or over the phone to see if your desired card is available for upgrade or downgrade. Once you’ve found a new card that makes sense for you, you can complete the entire upgrade process either online or over the phone.Īccording to a customer service representative with Capital One, the issuer reviews your account regularly for product change offers. You might qualify for better offers than are available on the website. Tip: Even if you have a good offer online, it is a good idea to call Capital One customer service to ask what you are eligible for before deciding to upgrade or downgrade your card. You can call the customer service number on the back of your card to ask about your options, or you can log in to your online Capital One account. If you don’t have a targeted offer, you still might qualify for a card upgrade or downgrade. When you log in to your account, you might get a notification on the portal with offers targeted to you – which you are prequalified for. Upgrade processĬapital One is one of the easiest card issuers to upgrade or downgrade a credit card with, as the bank frequently releases targeted offers for a product change. You’ll typically have to meet certain requirements to take advantage of this option, but you can easily switch to a better offer for your lifestyle without sacrificing points from your credit score.Ĭonsidering upgrading or downgrading a card with Capital One? Read on to learn more about how to start the process with the issuer and what eligibility requirements you’ll need to meet.
Most credit card issuers allow users to upgrade or downgrade their cards to another product with the bank. But before you suffer a hit to your credit score by applying for a new card (or canceling one you don’t get much use out of anymore), consider another option. No matter the reason, you might be looking to apply for another credit card as the next step. Maybe a card with a high annual fee no longer makes sense in your budget, and you are hoping for a no-fee alternative. Maybe you signed up for a student card or secured card, but you now have a better credit score and can qualify for something better. There are a lot of ways you can outgrow your credit card.
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