Downgrade or Cancel the Chase Ink Business preferred card to stop annual fee? I already have Ink Business unlimited and Ink Cash, so can I only cancel?

Hi I got a Chase ink business preferred card for the sign up points bonus, but there's a $95 annual fee.

I already have the Chase Ink Business unlimited and Chase Ink Cash, both of which have no annual fee.

I looked online and it saws I can downgrade the Chase ink business preferred card to avoid the annual fee, but it must become an ink unlimited or ink cash, both of which I already have.

Is my only choice to cancel the card? Or can I have two of the same type of card?