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The Chase Sapphire Reserve℠ Card was introduced just over a year ago, and quickly become one of the most popular cards in the market. The card has a $450 annual fee, though offers a $300 annual travel credit, triple points on dining and travel, and much more. With the card having been introduced just over a year ago, I suspect Chase is closely examining what people do with the card after the first year, once the second annual fee is due. For most people I think keeping the card is a no brainer, while others may prefer to downgrade it to the Chase Sapphire Preferred® Card, Chase Freedom® Card, or Chase Freedom Unlimited®.
The card was a massive investment (especially as the card used to offer a 100,000 point sign-up bonus, which was enough for $1,500 worth of travel), and short term cost Chase hundreds of millions of dollars, so I guess this is the time when they start to see if the card paid off.
Chase has a refer-a-friend program, where you can refer friends to select Chase cards that you have. The catch is that this isn’t available on all Chase cards, and up until now, it hasn’t been available on the Chase Sapphire Reserve, given that it basically sells itself.
It looks like that has finally changed. Existing Chase Sapphire Reserve cardmembers can now earn up to 50,000 Ultimate Rewards points when they refer friends and family to the card. To take part in this, follow this link, and enter your last name, zip code, and the last four digits of your credit card number. Once you enter your information you’ll be given a personalized link, or alternatively you can also Tweet or email the referral to someone.
The basic details of this offer are as follows:
- You get 10,000 Ultimate Rewards bonus points for each friend who applies through your link and is approved
- You can earn up to 50,000 Ultimate Rewards bonus points through this method per calendar year
- The person you refer gets the standard sign-up bonus of 50,000 Ultimate Rewards points after spending $4,000 within the first three monhts
Chase has a similar program for some of their other cards, so I find it interesting to see that it has finally been expanded to the Chase Sapphire Reserve℠ Card. They say that the numbers of applications on this card has greatly exceeded their expectations, so this finally being introduced could mean one of two things (or a combination of both):
- Now that the first year is over, they have a new goal of how many applications they want to get over the coming year
- They’re offering this as a means of retaining cardmembers, because you can only refer others to the card if you have it yourself
Feel free to post your Sapphire Reserve referral links below, if you’d like!
(Tip of the hat to Doctor of Credit)