Chase lets cardmembers refer others to their cards in exchange for some bonus points, though the offers are targeted, meaning not all members will be eligible.
To check if you’re eligible you can go to chasereferafriend.com and enter your last name, zip code, and the last four digits on your card. Either it will present you with an offer to refer friends to the card (either by email or through social media), or will inform you that you’re not eligible.
For a while the Chase Sapphire Preferred® Card has offered an increased sign-up bonus of 50,000 bonus points after spending $4,000 within three months, plus an additional 5,000 bonus points when you add an authorized user to the card that makes a purchase within three months. That’s a potential sign-up bonus of 55,000 points. You also would earn 2X points on travel and dining.
Select Chase Sapphire Preferred cardholders have been able to refer others to the card in exchange for a bonus of 5,000 Ultimate Rewards points. You could refer up to 10 friends, for a total of 50,000 Ultimate Rewards points.
Well, if you’re eligible for the referral bonus, it looks like Chase has now increased the bonus to 10,000 points per referral, though the cap is still at 50,000 Ultimate Rewards points through the card for the year. But now you only need to refer five people rather than 10 people to get that bonus.
Keep in mind you can refer a friend, spouse, sibling, etc. You can even refer someone who is presently an authorized user on the card, as long as they don’t have their own card where they’re the primary cardmember, or aren’t otherwise eligible for the bonus.
The Chase Sapphire Preferred is an all around awesome credit card which comes with some great benefits. Presently we’re seeing a sign-up bonus of up to 55,000 points, and if you’re eligible to refer someone, you can get another 10,000 Ultimate Rewards points out of it, which is pretty awesome.
Lastly, I should mention that Chase is getting stricter when it comes to being approved for new applications, and generally won’t approve someone if they’ve applied for more than five cards in the past 24 months. So that’s something to keep in mind.
It’s always worth checking the Chase refer a friend website to see if one of your cards is eligible for a referral bonus. Keep in mind that over time eligibility can change, especially now that it’s a new year. So even if you weren’t eligible in the past, you may be eligible now.
A bonus of 10,000 Ultimate Rewards points for referring someone to the Chase Sapphire Preferred® Card is pretty awesome, especially given the already increased sign-up bonus.