If I have the Chase Sapphire Preferred (CSP) for two years and want to upgrade to the Chase Sapphire Reserve (CSR) but also get the bonus, would my best bet be to open a Chase Freedom Unlimited, transfer my CSP points there, then open a CSR, get the bonus, and the. transfer my old points to my CSR? Would this actually work?

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I believe you're not eligible for a sign up bonus right now, assuming you got one when signing up for the Preferred. It's every 48 months.

Bingo, it's 48 months since you last received a Sapphire bonus.

OP, you could upgrade to the CSR, hold it for two years, downgrade to a Freedom, and then go after another Sapphire for the bonus.

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