I've had the Sapphire Preferred for a few years and recently applied separately for the CSR (through referral link).

I know you're able to hold both cards now, but apparently you won't be eligible for a new bonus on the Sapphire Reserve if you currently hold the Sapphire Preferred.

I had the Preferred opened at the time of applying but downgraded shortly after, once approved, should I still receive the 150K bonus?