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The Chase Sapphire Preferred Referral Program is a referral program offered by Chase. What if I say you can earn up to 75000 bonus points by referring only friends and family, sound exciting? The Chase Sapphire Preferred® Credit Card is one of Chase’s most popular credit cards. If you list the top travel credit cards, the Chase Sapphire Preferred® Card will be one of the top ones you will find.
If you’re considering getting the Chase Sapphire Preferred Credit Card, you might want to know about the Chase Sapphire Preferred Referral Program or, as stated by chase, Refer-A-Friend program.
With the Chase Sapphire Preferred Referral Program, You can earn up to 75,000 bonus points annually by referring your friends to the Chase Sapphire Preferred® Card.
How does the Chase Refer a Friend Program Work?
For each friend you refer, if they get approved, you get 15,000 bonus points, so if you refer five people throughout the year and they get the Chase Sapphire Preferred® Card, you will max out at 75,000 bonus points per year. Once the new year starts, you can do this all over again.
This article will discuss everything you need to know about the Chase Sapphire Preferred Referral Program. If you’re considering getting the Chase Sapphire Preferred® Card or already have one, this guide will help you understand the benefits and how to take advantage of the program.
What Is Chase Sapphire Preferred Referral Bonus?
Under this program, if you are a Chase Sapphire Preferred cardholder and refer a friend who applies for the card using your referral link or code and is approved, you can earn bonus points. Once a referred person applies for the Chase Sapphire Preferred® Card using the referral link and gets approved, the cardholder receives a bonus through points added to their account.
The referral bonus amount can vary over time but is typically up to 15,000 bonus points per referral, with a maximum of five referrals per year, resulting in a maximum of 75,000 bonus points per year.
The bonus points can be redeemed for various rewards, including travel, merchandise, and cashback. The Chase Sapphire Preferred® Card is well-known for its travel benefits, and the bonus points can be used to offset travel expenses, and book flights, hotels, and car rentals.
Read More: New Chase Aeroplan Credit Card Review
How To Get Chase Sapphire Preferred Referral Bonus
To use your Chase Sapphire Preferred referral bonus, you must first refer a friend or family member to apply for the Chase Sapphire Preferred credit card using your unique referral link which you can get at this page. Once the person you referred is approved for the card, you will receive bonus points added to your account.
To refer your friends for the Chase Sapphire
Preferred Card, head to the Chase Refer-A-Friend
page for the card. Provide your last name, zip code,
and the last four digits of your Chase Sapphire
Preferred Card on the form, and then hit “Continue.”
if you’re eligible, the website will generate a distinct
URL that you can use to refer a friend.
After you get the unique URL through the Chase Sapphire Preferred Referral Program, you can share it through various means, such as text messages, email (a maximum of 25 email invitations may be sent in any 24-hour period), or social media platforms like Facebook or Twitter, Chase Sapphire Preferred Referral Reddit platform.
Once your friend or family applies through your referral and gets approved, you will receive 15,000 bonus points on each referral that gets approved for a Chase Sapphire Preferred® Card.
Step By Step Guide for the Chase Sapphire Preferred Referral Program
Step 1: To generate the unique URL, log in to your Chase Sapphire Preferred account and go to the referral page, or you can go to the Chase Refer-A-Friend page directly here.
Step 2: After you are on the referral page, you have to provide information such as your last name, zip code, and the last four digits of your card. After filling out the information and clicking “continue,” you will receive your unique referral URL.
Step 3: After you receive the URL, you can share it through various platforms such as text, email, and more. When someone applies for the Chase Sapphire Preferred® Card through the link and is approved, you will receive the referral bonus. However, it may take up to 8 weeks after the new cardmember’s approval for the bonus to be reflected in your account.
To check whether you have received a referral bonus or not, you can monitor your referrals by logging in to your Chase account and navigating to the referral dashboard. There, you can track the status of your referrals.
Read More: Why The Chase Freedom Flex℠ Is Still An Ultimate Rewards Points Powerhouse
Chase Sapphire Preferred 100k Referral
Over time, Chase Sapphire Preferred has provided a range of referral bonuses for their current cardholders. One of the most appealing was the 100k referral bonus, which represented a notable increase from the standard 60k referral bonus. However, this bonus is no longer available. Right now Chase is offering 75,000 points as a referral bonus which is still pretty lucrative.
It was a limited-time offer that was open only for a few weeks. This 100k bonus was worth the equivalent of $1250, but the value can vary depending on the method of redemption. It was a great benefit for the cardholders because if they referred their friends and family, they could have earned great rewards.
How You Can Redeem Chase Sapphire Preferred Referral Bonus
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After your friend’s Chase Sapphire Preferred credit card application is approved, the referral bonus points may take up to eight weeks to appear in your account. Once the bonus points are added to your account, they will be listed as a “Refer-A-Friend” bonus.
After receiving bonus points for referring someone to Chase Sapphire Preferred, you may redeem them similarly to other earned reward points. Access your Chase account either through the online or mobile app. After logging in, proceed to the Rewards area, where you’ll have several redemption options to choose from, such as travel, cash back, or merchandise. Once you’ve selected your preferred reward option, select the number of points you want to redeem, and follow the prompts to complete the redemption process.
Read More: Chase Sapphire Reserve Full Review – Premium Perks + High Rewards
How Much Is The Referral Bonus Worth
The Chase Sapphire Preferred referral bonus is currently worth up to 75,000 points per calendar year. Each successful referral is worth 15,000 points, and you can earn up to five referrals per year for a total of 75,000 referral bonus points. The exact value of these points will depend on how you choose to redeem them, but they can be worth hundreds of dollars when used towards travel or other rewards.
The value of Chase Sapphire Preferred bonus points can vary depending on how you choose to redeem them. If you redeem them for travel through the Chase Ultimate Rewards program, the points are worth 1.25 cents each, so 75,000 referral bonus points would be worth around $938. However, if you redeem the points for cash back, each point is worth one cent, so 75,000 referral bonus points would be worth $750.
Keep in mind that the value of your points can also depend on other factors, such as the availability and cost of flights or hotel rooms when you’re booking travel with your points.
Chase Sapphire Preferred vs. Chase Sapphire Reserve
Chase Sapphire Reserve® Credit Card is also one of the top travel categories credit cards. If you are a current Chase Sapphire Reserve cardholder, you can earn a referral bonus by referring a friend or family member to apply for the card. In a year, you can earn up to 50,000 bonus points, 10,000 bonus points for each referral. Your friend must apply for the card using your referral link and get approved to earn the referral bonus.
Bottom Line
In case you are already a Chase Sapphire Preferred cardholder, and your friends or family wish to acquire the card, the referral bonus can be an excellent way to earn extra rewards and points. You may earn up to 75,000 referral bonus points each year with this program, allowing you to accumulate significant rewards that may be used for cashback, travel, and other valuable perks.
Check out our site to learn the basics, and follow our blog for more tips on how to make your dream vacation a reality. Keep track of your spending categories and select a credit card that rewards you for your most frequent purchases. Sign up for our travel concierge service, and we will help you uncover the credit cards with the most lucrative benefits in 2023, as well as incredible travel deals and how to leverage your points for maximum value.
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