Maximize Your Rewards: Chase Sapphire Referral Bonus Guide

Introduction

The Chase Sapphire Reserve and Sapphire Preferred credit cards offer lucrative referral bonuses that allow you to earn valuable points while helping friends and family get started on their rewards journey. This comprehensive guide will provide you with everything you need to know about the Chase Sapphire referral bonus, including eligibility, benefits, and step-by-step instructions.

Understanding the Chase Sapphire Referral Bonus

Eligibility

• Existing Chase Sapphire Reserve or Sapphire Preferred cardholders
• Referrals must be new Chase customers who have not held a Sapphire card in the past 24 months
• Referrals must be approved and make a single purchase within 90 days of account opening

Benefits

Sapphire Reserve:
* 50,000 bonus points for each approved referral (up to 5 referrals per year)
* Referrer earns 10,000 bonus points per approved referral

Sapphire Preferred:
* 20,000 bonus points for each approved referral (up to 5 referrals per year)
* Referrer earns 5,000 bonus points per approved referral

Step-by-Step Guide to Referring

1. Generate a Referral Link

• Log in to your Chase online account
• Navigate to the "Refer a friend" section
• Generate a unique referral link
• Share this link with your friends and family

2. Have Your Friend Apply

• Your referral must use your unique link to apply for a Sapphire card
• They should complete the application and provide accurate information
• They must be approved for a card and make a single purchase within 90 days

Tracking Your Referrals

• You can track the status of your referrals by logging into your Chase online account and navigating to the "Refer a friend" section
• You will receive email notifications when your referrals are approved

Strategies for Maximizing Your Bonus

Refer Frequently

• Both the Sapphire Reserve and Sapphire Preferred have an annual limit of 5 referrals, so make sure to refer friends and family as soon as possible
• Encourage your referrals to apply for both the Reserve and Preferred cards to maximize your bonus potential

Target Interested Individuals

• Refer friends and family who are frequent travelers, diners, or shoppers
• These individuals are more likely to use their Sapphire card and trigger the referral bonus

Use Social Media

• Share your referral link on social media and encourage your followers to apply for a Sapphire card
• Use relevant hashtags and tag @Chase on your posts

Success Stories

Story 1:

• John, a Sapphire Reserve cardholder, referred his wife and three friends to the Sapphire Preferred card.
• He earned a total of 65,000 bonus points (50,000 + 3 x 5,000)
• His wife and friends each received 20,000 bonus points

Learning: Referral bonuses can be a significant source of bonus points for both the referrer and the referral.

Story 2:

• Mary, a frequent traveler, referred her parents to the Sapphire Reserve card.
• Her parents were approved and made several purchases on their card while on a trip to Europe.
• Mary earned 50,000 bonus points for the referral, which she used towards a future flight and hotel stay.

Learning: Referring friends and family who are frequent travelers can help you earn valuable bonus points towards your own travel expenses.

Story 3:

• David, a small business owner, referred two of his employees to the Sapphire Preferred card.
• He earned 10,000 bonus points for each referral, which he used to offset business expenses.
• His employees each received 20,000 bonus points, which they used towards their personal travel and entertainment.

Learning: Referring friends and family who are business owners can be a mutually beneficial way to earn bonus points and support their businesses.

Additional Information

Comparison of Chase Sapphire Cards:

Table 1: Comparison of Chase Sapphire Cards

Points Value:

The value of Chase Sapphire points varies depending on how you redeem them. According to a NerdWallet study, the average value of Sapphire points is approximately 1.5 cents each.

Table 2: Points Value of Chase Sapphire Points

Historical Referrals:

Chase has a history of offering lucrative referral bonuses for its Sapphire cards. In the past, both the Sapphire Reserve and Sapphire Preferred cards have offered referral bonuses of up to 100,000 points.

Table 3: Historical Referrals for Chase Sapphire Cards

Call to Action

If you are a current Chase Sapphire Reserve or Sapphire Preferred cardholder, refer your friends and family to the Sapphire cards today. With the generous referral bonuses and valuable points earning potential, both you and your referrals can reap the benefits of the Chase Sapphire program.