Frankie Solomon, WalletHub Analyst
@frankie.solo
To downgrade a Capital One Venture Rewards Credit Card, log in to your online account and take a look at any available options. If none are present, or you'd like to explore more options, call the customer service number you see on the back of your card and request a product change.
You may want to downgrade a Capital One Venture card if you no longer want to pay the $95 annual fee. Or, maybe you’re not spending enough to maximize the card’s rewards. A downgrade could help you switch to a more affordable card without having to apply all over again.
Things to Know Before Downgrading Your Capital One Venture Card
- Capital One does not state a specific amount of time the card account must be open before it's eligible for a downgrade. But it's a good idea to wait at least 6 months before requesting a downgrade.
- Requesting a downgrade will generate a soft inquiry, which won’t affect your credit score.
- If you downgrade, all of your account information (such as your credit limit and interest rates) will transfer to the new card. The new card will come with a different number, though.
- You will not be eligible for any initial bonuses or introductory 0% APR offers associated with the new card, unless they’re included as part of the downgrade offer.
- Depending on the card you downgrade to, your accumulated rewards may transfer as well. However, the exact terms will be stated in your downgrade offer.
Before you go through with downgrading your Capital One Venture card, inform the customer service representative of the main reason(s) you're seeking a downgrade. If it's related to the $95 annual fee, for instance, they might be able to waive or reduce it for a year.
You should also note that Capital One only allows downgrades to cards within the same card family. For example, you cannot downgrade from Capital One Venture to a business card or a co-branded card.

Capital One Venture Rewards Credit Card
Peter Danes, Member
@p_danes
You can request to downgrade your Capital One Venture card by calling customer service at (877) 383-4802. If you’re going to downgrade, the Capital One VentureOne Rewards Credit Card is a logical choice. It is a travel rewards card similar in many ways to the Capital One Venturecard. But it has a $0 annual fee. It also has a lower rewards earning rate. You get 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases instead of the 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 2 miles per $1 on all other purchases you get with the Capital One Venture card.
To reduce “churning,” that is, the practice of opening and closing accounts to earn multiple sign-up bonuses, you generally won't be eligible for any initial bonuses on the new card when you downgrade.
People also ask
Did we answer your question?