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I want to make more money Credit card rewards? While most people already know how to earn points, miles, or cashback by purchasing, booking trips, or using the shopping portal, some credit issuers may not be aware that they can earn rewards through credit card referrals.
Credit card referrals are not exactly an industry secret, but many people don’t take advantage of this quick and easy way to get extra rewards. If you can sign up for one of your favorite credit cards for friends, family, or colleagues, you may be able to earn valuable points, miles, or cashback. Here are some things you need to know about credit card referrals:
What is a credit card referral bonus?
Credit card referral bonuses are incentives that credit card issuers offer to cardholders who invite friends or loved ones to apply for a card. It is usually provided in the form of cashback, points, or miles of a specified amount.
The rules for earning referral bonuses vary depending on the credit card issuer. Some have a standard set of offers, while others personalize them for you. However, this process is generally the same. Share a link that your friends can use to apply for your card. If your friend is approved, you will receive a bonus. And some publishers also reward their friends.
While the average credit card referral bonus is worth between $50 and $150, it’s important to note that multiple credit card referrals often allow you to earn multiple bonuses. Some publishers may reward bonuses as statement credits. Most credit card issuers limit the number of bonuses they can earn in calendar years, and are often limited to a referral bonus of $500 each year.
When referring your credit card to a friend, you can mention the recommended credit score, especially if you are unsure if your friend has one. Good trust. Many Top credit cards today You need great credits to great credits.
Publisher Referral Bonus Program
If you want to earn more points than this year and think you can get friends or loved ones on board, it’s wise to figure out which cards offer referral programs and how much money you can earn.
Here is a summary of the major card issuers and their referral programs:
| Credit card issuer | Referral bonus program |
|---|---|
|
American Express |
Amex offers customized referral links to send to family and friends. If they are applied to your link and accepted, you will get a different bonus depending on the type of card. |
|
Capital 1 |
Capital One provides customized referral links to send to family and friends. They must be one new capital cardholder that you apply and accept to get bonuses. Referral bonus caps vary depending on the card. For example, you can earn a referral bonus of up to $150 for each friend who refers to Capital. |
|
Tracking |
Chase allows you to select specific cards to browse friends and family. If applied and accepted using a customized link, you will receive a bonus specific to the card or card family you refer. For example, you can get 10,000 bonus points for each friend who gets Chase Sapphire® Credit card (up to 100,000 bonus points per year). |
|
Discover |
Discover offers customized referral links to send to family and friends. You and your friends will receive a referral bonus if your friends are approved and will use their new cards to purchase within three months of opening an account. Your bonus is a statement credit that varies from card to card and closes at $500 a year. |
How to access the referral bonus program for each publisher
Below are the steps you should follow to take advantage of each issuer’s major referral bonus program.
American Express
- I’m heading to Amex introduces friends programs Log in to confirm your offer.
- Send customized referral links to friends and family via email or text.
Your friends and family use your referral links to American Express Credit Cardyou will be able to choose from one of the eligible individual and business credit cards offered by Amex.
Capital 1
- Please visit Capital One introduces the friend program Log in to your page and account.
- If you are eligible, get a personal referral link and share it with friends and family.
Once your friend is approved, you will receive a bonus amount that depends on the credit card you have. Capital 1 introduction bonus Available only if the friends and family you refer to are new Capital 1 cardholders. That is, the person who received the link already Capital 1 Credit CardThey are not entitled to help you win referral bonuses, but they may still be eligible for new cards.
Tracking
- Please visit Chase introduces the Friends Program Log in to your page and account.
- Click on the tile on the corresponding card you want to reference.
- If you are eligible, you will obtain a customized link unique to that card and send it to friends and family.
Chase creates different bonuses for specific credit card referrals, so there are even more rules to get bonuses. Some of these bonuses are specific to the credit card being referred, but other bonuses can be earned if a friend or family member signs up for a card within a particular chase group.
Most of the time you need to use Chase Credit Card Within the corresponding chase group before referencing another card in that group. So if you want to take advantage of a unique credit card referral offer such as bonuses Track the ultimate reward Points you can earn by introducing popularity Chase SapphirePreferred® Cardyou may need to be your favorite cardholder of Chase Sapphire.
Discover
- I’m going to Discover how to introduce your friends’ programs View the page and log in to your discovery account.
- Get customized referral links and send them to family and friends. This will allow both you and your friend to earn a statement credit after a successful referral.
Statement credits are worth between $50 and $100, and you and your friends can only earn rewards if your friends purchase with their new Find a credit card Within the first three months of ownership.
Co-brand and retail credit card referral program
Referral programs are not limited to popular reward cards and travel cards. Some Co-branded credit cardsinclude Retail Credit Cardmay offer referral bonuses to cardholders who can successfully refer the card to friends, family, or colleagues. These referral bonus programs are often Limited time offerso keep an eye out for referral programs that you may be eligible when you first sign up for a card. If referral bonuses are available, co-branded or retail card issuers may also email you. You may also receive notifications on your online account or app.
Conclusion
The credit card bonus referral program is available in it Underrated ways to earn credit card rewards. These referral programs allow you to earn more points and miles without applying for new credit cards or overexpenditures, without earning more points, miles, or cashback. Referral programs also allow you to share your favorite credit cards with family and friends, giving more people the opportunity to earn rewards on everyday purchases.
If you have a trip Reward Credit Card You cannot stop anger when your friends or family sign up following your advice. After all, more rewards are always good for both you and your friends.
