Select Page

Your Downgrade Options For Capital One Credit Cards [2021]

- Jul 29, 2021 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. You can also find downgrade options for other banks here: Chase, Amex, Citi, Barclays

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. 
  • 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 Capital One Venture X card to either the Capital One Venture Rewards Credit Card ($95) to the Capital One VentureOne Rewards Credit Card ($0) 

Capital One Venture Rewards Credit Card ($95)

You can downgrade the Capital One Venture Rewards Credit Card ($95) to the Capital One VentureOne Rewards Credit Card ($0) or to the CapitalOne Quicksilver ($0).

 

Capital One Savor Cash Rewards Credit Card  ($95)

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

 

Capital One QuicksilverOne Cash Rewards Credit Card ($39)

You can downgrade the Capital One QuicksilverOne Cash Rewards Credit Card ($39) to the CapitalOne Quicksilver ($0).

 

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 Capital One Spark Miles for Business 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?

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

Todays
best offers

Ink Business Preferred Credit Card

Earn 100,000 points after spending $15,000 within the first 3 months.

more info

New Business Card! Ink Business Premier(SM) Credit Card

Earn $1,000 after spending $10,000 within the first 3 months.

more info

The Platinum Card from American Express

Earn 150,000 points after spending $6,000 within the first 6 months.

more info

The Business Platinum Card from American Express

Earn 150,000 points after spending $15,000 within the first 3 months.

more info

You May Also Like

Ink Offer End Date Announced! Don’t Miss It!

Ink Offer End Date Announced! Don’t Miss It!

Update: Expired Chase released the end date for the Ink Cash and Ink Unlimited offers. The offers will be ending soon!  You definitely don’t want to miss these offers! You can earn a total of 180,000 points! You earn 90k points after spending $6,000 within three...

read more
The Best Cards To Use For Charity

The Best Cards To Use For Charity

Purim is coming up. People ask me all year round what would be a good credit card to designate for charity purchases. Now before Purim is the best time to take action and finally get yourself a card designated for charity. But which one? In this post I will discuss...

read more
List Of Which Credit Bureau Each Bank Pulls

List Of Which Credit Bureau Each Bank Pulls

Updated: 01/25/2023 There are lots of reasons why people may want to submit several credit card applications at the same time; getting multiple welcome bonuses at once, getting more money on 0% APR, and more. When a credit card issuer sees too many recent credit...

read more
The Divvy Insane $500 Offer FAQs

The Divvy Insane $500 Offer FAQs

The Divvy card currently has a no brainer offer of $500 after spending $500 within the first 45 days! This is basically a free $500. Many readers reached out with questions regarding the offer and the Divvy card. In this post, I’ll answer many of the questions.

read more

Download link sent
succesfully

Got it *please check your promotional inbox

Error sending download link

Try Again