Can you get the chase sapphire reserve signup bonus if you already have the preferred?

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Slalom that can ding your credit depending on how long you've had the sapphire. You need to keep the credit history that's attached to the line. Not a good idea to open up a bunch of lines just for the sign up.

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Not if you upgrade your current preferred... You technically need a new line of credit for it

Apply for the new Reserve and downgrade your CSP to a regular sapphire. No fee and you get to keep your credit history and line of credit.

Just cancel your sapphire preferred after you get the reserve. After one year you can get after those 50k points again

Well yeah, you make sure you pay off the credit card before cancelling (and I've held the card for 2 years already). Whatever ding after that is negligible vs an extra 50k points.

Chase is cracking down on this. Saw an article about it recently. Apply judiciously. They're checking cars history for up to two years to weed out people going just after the points

They're being diligent about it now. Wait for the next economic downturn when they're desperate for new customers.

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