Does downgrading a Chase card count towards 5 24?

Do product changes on existing credit cards count toward 5/24? No, product changes do not take up a slot in your 5/24 score. An example of a product change is when you downgrade a credit card from one with an annual fee to a no-annual-fee version in the same family of cards.



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If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.

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In most situations, it's better to keep unused credit card accounts open, as closing credit accounts can have a negative impact on your credit score.

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