🚀 Our new App is live!  Signup

🔥Insane! 150k points! See details 

Advertiser Disclosure

Advertiser Disclosure

Although we put in a lot of effort to give our readers unbiased information, and we include many credit card offers on our website for which we do not get paid any compensation, we are legally required to notify you that we may be receiving compensation from some of the credit card companies mentioned on our website.

Some of the credit card offers which appear on helpmebuildcredit.com are from credit card companies from which this site possibly receives compensation. This compensation may impact how and where credit card offers appear on this site. This site possibly does not include all available credit card offers.

 

Close

Your Downgrade Options For Capital One Credit Cards [2023]

- Jun 6, 2023 Credit Card Info5 comments

Welcome back to yet another post on your downgrade options! 

In this post, we will discuss your downgrade options for the Capital One credit cards and what you need to know before you downgrade your cards.

Downgrade rules for Capital One credit cards

  •  Same family: You can usually only product change a Capital One card within the same card family or brand. However, Capital One does have some cards that you can always downgrade to (discussed in detail below). 
  • Personal to business: You can only downgrade personal cards to personal cards and business cards to business cards. 
  • Rewards: You will not lose any rewards if you downgrade your Capital One credit cards.
  • Credit score: Your credit score will not be affected in any way when you downgrade a credit card.
  • Annual fee refund: Capital One acts very strangely in regards to annual fee refunds. You can get an annual fee refund only if you close the card within 30 days of when the annual fee was charged. If you choose to downgrade the card then Capital One will not give you a refund for the annual fee even within the 30 days. Why they want you to close the card rather than downgrade it, I don’t know. But it’s important to note that Capital One very often offers an annual fee waiver if you agree to keep the card open as-is, and you have a perfect payment history. So it’s definitely worth asking for the waiver first.
    In order to get rid of an annual fee you need to downgrade your card 60 days before the fee is billed.  
  • Not always available: Downgrades are not always available. They can be targeted for each account. Some cardholders are not able to downgrade their Capital One credit card.
Does closing a credit card effect your credit?

Learn when closing a credit card will affect your credit and when not. Subscribe for more credit content.

Watch Now

Downgrade options for Capital One credit cards

Capital One Venture X Credit Card ($395)

You can downgrade the card_name card to either the card_name ($95) or to the card_name ($0) 

Capital One Venture Rewards Credit Card ($95)

You can downgrade the card_name ($95) to the card_name  ($0) or to the card_name ($0).

 Capital One Savor Cash Rewards Credit Card ($95)

You can downgrade the Capital One Savor Cash Rewards Credit Card ($95) to the card_name ($0) or to the card_name ($0).

 Capital One QuicksilverOne Cash Rewards Credit Card ($39)

You can downgrade the card_name ($39) to the card_name ($0).

Capital One Spark Cash Plus card ($150)

Unfortunately, the Capital One Spark Cash Plus cannot be downgraded. 

Capital One Spark Cash for Business ($95)

You can downgrade the Capital One Spark Cash for Business ($95) credit card to the Capital One Spark Cash Select Business Card ($0).

Capital One Spark Miles for Business 

You can downgrade the card_name credit card to the Capital One Spark Miles Select Business Card($0).

Frequently asked questions
Can I downgrade the Venture X to the Venture One?
Capital One downgrades are never guaranteed. Capital One will decide on an account by account basis. But if downgrades are available, I believe you will be able to downgrade to the Venture One (but I’m not 100% sure)

Was this article helpful?

avatar_logo
Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

5 Comments

  1. I spoke with a Capital One supervisor regarding downgrading my Quicksilver One credit card to be told that your company is fausely informing people they can not downgrade their cards, especially Quicksilver One. I need to know where your information came from if they or you are wrong. Please assist this issue. Thank you.

    Reply
    • Correction: Capital One said they cannot downgrade Quicksilver One ever. They are saying your site is giving false or inaccurate information. Please assist in this matter. Thank you

      Reply
      • Hi Karen,

        In the post, we mention that “Downgrades are not always available. They can be targeted for each account. Some cardholders are not able to downgrade their Capital One credit card.” Our information is not coming directly from Capital One rather from data points collected from other cardholders reporting what they were able to downgrade their card to. We did reach out originally to capital One for info but they told us that downgrades are always targeted for each account and they encourage cardholders to reach out to customer service for available downgrade options that is why we are forced t rely on data points collected from cardholders. In either case, thanks for your datapoint and I will keep it in mind to update the post accordingly.

        Reply
  2. Hi Sam. Thanks for the useful information here. I am a longtime Venture card holder. I recently got the new Venture X, and now I need to decide what to do with my Venture card, since it seems to serve no further purpose. I had thought of downgrading to a free card that had a points bonus for dining or something else, but you’re saying only the VentureOne and Quicksilver are options. Also, I’d want any Capital One points to be transferrable to my Venture X card in the future. What do you think I should do?

    Reply
    • The SavorONe card has no annual fee plus3 points on dining but unfortunately Capital One does not offer it as a downgrade option for the Venture. You can check out here a full list of cards that earn a high return on ding plus no annual fee

      Reply

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Today's
best offers

Capital One Venture X Business

Earn 150,000 miles after spending $30,000 within the first 3 months.

more info

Ink Business Preferred Credit Card

Earn 100,000 points after spending $8,000 within the first 3 months.

more info

Capital One Spark Cash Plus

Earn $1,200 after spending $30,000 within the first 3 months.

more info

Miles & More World Elite Mastercard

Earn 100,000 points after spending $3,000 and paying the annual fee within the first 90 days.

Intro 0% APR for 15 months on balance transfers (after that 21.24%, 25.24% or 29.99% variable). The balance transfer fee is 5% or $5, whichever is greater.

more info

You May Also Like

Credit Limit Increase -Which Banks Still Do A Hard Pull

Credit Limit Increase -Which Banks Still Do A Hard Pull

We recently reported that Chase stopped doing a hard pull on your credit report when requesting a credit limit increase.  Hard pulls affect your credit score (but not much). Soft pulls do not affect your credit at all. So I decided to put together an updated list of...

read more
Top 10 Credit Cards For Restaurant Purchases [2023]

Top 10 Credit Cards For Restaurant Purchases [2023]

Appetizers, menus, dim lighting, table setting, waiters, gourmet food, desserts. If any of these words resonate with you or if you tend to frequent restaurants often (even if it’s just pizza!), you might want to choose a credit card from the list below. While enjoying...

read more
Why The GM Business Card Is A Great Intro 0% APR Option

Why The GM Business Card Is A Great Intro 0% APR Option

Interest rates on regular business loans are currently on record highs. Many business owners are turning to intro 0% APR business credit cards in order to keep their business cash flowing. With an intro 0% APR business card you get to carry a balance on that credit...

read more
Capital One Adds 48-Month Language To Many Cards

Capital One Adds 48-Month Language To Many Cards

There used to be no restrictions for getting the bonus on the same Capital One cards multiple times. The official terms used to state that “The bonus may not be available for existing or previous account holders”. But in real life it was not enforced. They easily...

read more
success_icon

Download link sent
succesfully

Got it * please check your promotional inbox
fail_icon

Error sending download link

Try Again