Do you want to share the benefits of banking with Chase with your friends and family? Perhaps you've experienced their great customer service, diverse account options, or attractive rewards programs. Whatever the reason, referring someone to Chase Bank can be a win-win, often earning both you and your friend a bonus!
Let's dive into the step-by-step guide on how to successfully refer someone to Chase Bank, ensuring you both reap the rewards. Ready to get started? Let's go!
How to Refer Someone to Chase Bank: A Comprehensive Guide
Referring someone to Chase Bank is a straightforward process, primarily focused on their "Refer-A-Friend" program. This program typically applies to both checking accounts and credit cards, with varying bonuses and terms for each. We'll cover both scenarios.
Step 1: Discover Your Eligibility and Find Your Referral Link
Have you ever thought about how much you could earn just by sharing something you already love? That's the beauty of referral programs! Before you can refer anyone, you need to confirm that you are eligible and, more importantly, locate your unique referral link.
Sub-heading: Checking Your Eligibility
Not all Chase accounts are eligible for referral bonuses, and sometimes specific promotions have certain requirements.
For Checking Accounts: You generally need to have had your own Chase personal checking account open for at least 30 days to be eligible to refer others. Eligible account types often include Chase Total Checking®, Chase College Checking℠, Chase Premier Plus Checking℠, Chase Sapphire® Checking, Chase Private Client Checking℠, and Chase Secure Banking℠.
For Credit Cards: Most Chase credit cards are eligible, including popular ones like Chase Sapphire Preferred®, Chase Freedom Flex®, Chase Freedom Unlimited®, and various co-branded cards (e.g., Southwest Rapid Rewards, United MileagePlus, Marriott Bonvoy).
Sub-heading: Finding Your Personalized Referral Link
This is the most crucial step, as your friend must use your unique link for you to receive the referral bonus.
Online:
Navigate to the official Chase Refer-A-Friend landing page (often found by searching "Chase Refer a Friend" or directly via
chase.com/referafriend You'll typically be prompted to enter some personal information for security, such as your last name, ZIP code, and the last four digits of your Chase debit card or checking account number (for checking account referrals) or the last four digits of your credit card (for credit card referrals).
Once validated, the site will display the eligible referral offers for your accounts and provide your unique referral link. Look for a "Copy link" button.
Via the Chase Mobile App:
Log in to your Chase Mobile App.
Navigate to the specific account you wish to refer (e.g., your Chase Total Checking account or your Chase Sapphire Preferred card).
Look for an option like "Refer friends," "Refer a friend," or "Refer friends. Earn rewards." This might be found by scrolling down on the account details screen or within a "More" or "Account Services" tab.
Once you find it, you'll be presented with your personalized referral link, ready for sharing.
Important Note: Your referral link is specific to the type of account or credit card you are referring. For example, a referral link for a Chase Total Checking account will lead your friend to open a checking account, while a link from your Chase Sapphire Preferred card will direct them to apply for that credit card.
Step 2: Share Your Unique Referral Link with Your Friend
Now that you have your golden ticket (your referral link!), it's time to share it!
Sub-heading: How to Effectively Share Your Link
There are several ways to send your unique referral link to your friend, making it convenient for them to access.
Direct Message: The easiest and most common way is to simply copy the link and paste it into a text message, WhatsApp message, or email directly to your friend. This ensures they receive it instantly and can click on it at their convenience.
Email Invitation (via Chase): On the Chase Refer-A-Friend page, you might have the option to enter your friend's name and email address, and Chase will send them an official invitation on your behalf. While convenient, this can sometimes take a few days to send.
Social Media (with caution): Some platforms might allow you to share your link directly, but be mindful of privacy and spam concerns. It's generally best to share directly with individuals you know are genuinely interested.
Sub-heading: What to Tell Your Friend
When you share the link, it's helpful to provide some context and highlight the benefits for them.
Mention the bonus they can receive! For instance, "Hey! I've been really happy with my Chase Total Checking account, and they have a great offer right now. If you open a new Chase Total Checking account using my link and meet the qualifying activities, you could earn a $300 bonus! I'll also get a bonus for referring you."
Briefly explain what they need to do to qualify for their bonus (e.g., set up direct deposit, make a certain number of transactions, or deposit a minimum amount).
Emphasize that they must use your link for both of you to receive the bonus.
Step 3: Your Friend Applies Using Your Link
This is where your friend takes the reins. Their successful application is key to you receiving your bonus.
Sub-heading: The Application Process for Your Friend
When your friend clicks on your unique referral link, they will be directed to a specific Chase application page.
Online Application: They will fill out the online application for the specific Chase checking account or credit card you referred them to.
Meeting Requirements: For checking accounts, they'll need to fulfill the specific requirements for their bonus, such as:
Opening a qualifying Chase checking account.
Making a qualifying direct deposit within a specified timeframe (e.g., 90 days).
Maintaining a certain balance.
Making a certain number of debit card transactions.
Credit Card Specifics: For credit cards, they'll need to be approved for the card and often meet a spending requirement within a certain timeframe to earn their welcome bonus.
Crucial Point: If your friend applies for the account or card any other way (e.g., by going directly to the Chase website without using your link, or at a branch without a special code provided via your referral), you will not receive credit for the referral.
Step 4: Await Your Bonus!
Once your friend successfully opens the account or is approved for the credit card and meets all the necessary qualifying activities, it's time for the bonuses to roll in!
Sub-heading: When and How You'll Receive Your Bonus
Chase is generally good about depositing referral bonuses in a timely manner.
For Checking Account Referrals: You can typically expect your $50 referral bonus (per friend, up to 10 referrals for a maximum of $500 per calendar year) to be deposited into your primary Chase checking account within 30 days after your friend has opened their qualifying account and met their requirements. The bonus will often appear as a "$50 Refer a Friend bonus" on your statement.
For Credit Card Referrals: Referral bonuses for credit cards are usually awarded in points or cash back, depending on the card. These typically post to your account within 6-8 weeks after your friend's account approval. The bonus will be listed as a "Refer-A-Friend" bonus on your statement.
Sub-heading: Annual Caps and Tax Implications
Be aware that there are limits to how much you can earn through referrals in a calendar year.
Checking Account Referrals: You can earn a maximum of $500 per calendar year (which translates to 10 successful referrals at $50 each).
Credit Card Referrals: The annual caps vary by card family. For example, you might earn up to 100,000 points annually for Sapphire card referrals or $500 cash back for Freedom card referrals. If you hold multiple eligible Chase cards, you may be able to earn separate bonuses up to the cap for each card.
Taxable Income: Referral bonuses are generally considered miscellaneous income by the IRS and may be reported to you and the IRS on Form 1099-MISC (or Form 1042-S, if applicable). Keep this in mind for tax season.
Frequently Asked Questions
How to check if my Chase card is eligible for a referral bonus?
You can check your eligibility by visiting the Chase Refer-A-Friend page on their website or by logging into your Chase Mobile App and looking for the "Refer friends" option associated with your credit card.
How to know if my friend used my referral link?
Due to privacy reasons, Chase will not directly inform you whether your friend has applied or been approved. You will only know if your referral was successful when you see the bonus deposited into your account.
How to refer someone to a Chase checking account?
To refer someone to a Chase checking account, you need to be an existing Chase personal checking account holder for at least 30 days. Then, get your unique referral link from the Chase Refer-A-Friend page or mobile app and share it with your friend.
How to ensure my friend gets their bonus too?
Ensure your friend carefully follows the instructions provided by Chase on the application page, including meeting any direct deposit, spending, or balance requirements within the specified timeframe.
How to find my Chase referral link on the mobile app?
Log in to your Chase Mobile App, select the specific account you want to refer, and then look for a "Refer friends" or "Refer a friend" option, typically found by scrolling down or within the "More" or "Account Services" section.
How to refer someone to a Chase credit card?
Log in to your Chase account online or via the mobile app, navigate to the "Refer-A-Friend" section for your credit card, generate your unique referral link, and share it with your friend. They must apply using that specific link.
How to know when I will receive my referral bonus?
For checking accounts, bonuses are typically deposited within 30 days after your friend meets their requirements. For credit cards, it can take up to 6-8 weeks after your friend's approval.
How to earn the maximum referral bonus from Chase?
To earn the maximum, you need to successfully refer multiple friends, up to the annual cap for each eligible account or card type. For instance, for checking accounts, you can earn up to $500 per calendar year by referring 10 friends.
How to deal with a lost or miscopied referral link?
If your referral link is lost or miscopied, simply go back to the Chase Refer-A-Friend page or mobile app and generate a new one. Your friend must use a correctly copied, valid link for the referral to be tracked.
How to refer a family member to Chase Bank?
The process for referring a family member is the same as referring a friend. Simply follow the steps to obtain your unique referral link and share it with them. They must use your link to apply.
