Can a credit card with an annual fee be downgraded to waive the annual fee? Many friends know that credit cards can be upgraded. For example, a gold card can be upgraded to a platinum card. They think it can also be downgraded, but in fact this may not be possible. After all, the annual fee of high-end credit cards is one of the sources of bank income. Once it is downgraded to a credit card with no annual fee, it is not cost-effective, not to mention that it is very troublesome to downgrade and change the benefits; in addition, the upper limits of credit cards of different levels are different, such as The gold card has a maximum limit of 50,000, and the platinum card has a limit of more than 50,000. When the limit limits are not equal, it is difficult to downgrade. It is recommended that you call the bank's customer service hotline to inquire about credit card downgrading. If you can downgrade, you can handle it. However, downgrading does not directly replace the original card, but will issue a new card with card number, validity period, security code and other information. All will change. And if you can't downgrade, you have no choice but to feel that the annual fee is too high and you can't use the benefits, you can apply for a new credit card with a lower level. Since multiple cards from the same bank have unlimited credit limits, wait until the second card comes out and call to see if you can adjust the credit limit, and then cancel the card with an annual fee. The above is the relevant introduction to "Can a credit card with an annual fee be downgraded to waive the annual fee?" When applying for a credit card, it is best to choose the appropriate credit card level based on your needs. Do not blindly pursue high-end cards, lest they become useless and have annual fees deducted.