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Thinking of doing the same! Not sure if the upgrade part works, but downgrade + apply CSP for bonus should work. Curious to hear if others have experience doing this.
Chief
You can, but the CSP needs to be open for a year since the first payment of the annual fee to be upgraded
Not quite the data point you're looking for, but this is what I did and got all signup bonuses. Dates are approximate.
I got CSP 07/2017. Downgraded to freedom unlimited around 08/2021. Got a new CSP 10/2021.
Mck1 is right that CSP needs to be open a full year before you can upgrade.
Rising Star
Have had the sapphire preferred for 5 years. Wanting to go to Reserve but still receive points. Following to see what the best path is as you are taking a similar approach
I would downgrade to a freedom card (preferably the original freedom which no longer exists so you won’t be missing out on any sign on bonuses) so you can keep your points and the apply for the reserve to get the sign up bonus. Happy to share my referral link if you need one 😊
That should work! Why won’t you just apply for the reserve right away though instead of upgrading? I believe you can still get the sign up bonus for the reserve as long as it’s been 48 months. Would love to share my referral link for Sapphire reserve if you decide to go down that route
https://e.chase.com/T/v600000182cb0298bda831886e965fc958/276c5348eb3143940000021ef3a0bcc2/276c5348-eb31-4394-9853-6827e7d77a50?__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF5mpMDVYup6cUHCziGgRJ2s2PlL0RJkYfLnf58dbqNDUWwykV-BNlw8rrZ6A8sOcsryJ4IZm5TRCO6qkN-cjeKZPSei4wQ_PY0yeMaT_A5lMUwPIartenKvfp07yZU5SSRqQsz5aNPr7FQGK1UO87aFoD33OeKNPcbaZxAQ59FFAHBcieHFYC_QyA3L2s6U27mrGlJWmeyAHhSVBThqbUEDQqQKRsnSSKVVThlh5Xg9gHqGAnYki215jaYzP9JoKZIEmdyFrPEBr