A convertible hitch apparatus may be removably mountable on a hitch receiver tube and include a mount tube assembly being at least partially insertable into the receiver tube for mounting on the hitch receiver tube, with the mount tube assembly defining a retraction channel and an upper hitch aperture. The apparatus may also include a lower mount support movably mounted on the retraction channel of the mount tube assembly to move between a retracted position and an extended position with respect to the mount tube assembly. The lower mount support may define a lower hitch aperture which may be below and in substantially vertical alignment with the upper hitch aperture when the lower mount support is in the retracted position. The lower hitch aperture may be moved out of vertical alignment with the upper hitch aperture when the lower mount support is in the retracted position.