Chase just made it more lucrative to refer your friends to the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. If you’re an existing Chase Sapphire Preferred Card or Chase Sapphire Reserve cardholder, you can earn 10,000 bonus points for every accepted applicant — and now, you can earn up to 100,000 points total from referral bonuses in a calendar year. (Previously, you could earn 15,000 points per referral, but the total points limit was set at 75,000 points.) Thanks to Upgraded Points for first breaking the news.
Those points are worth $205 per approved applicant, per TPG’s March 2025 valuations. All you need to do is get your friends, family and coworkers to apply through your referral link. Chase has made this easier, too: Now you can log in at Chase’s referral page and easily see all your referral links by choosing the card you want from the drop-down menu.
As of this story’s publication, new cardholders can earn 60,000 Ultimate Rewards points after spending $4,000 within the first three months by applying for the Chase Sapphire Preferred Card or Chase Sapphire Reserve through a referral link. That welcome bonus is worth $1,230 based on our valuations.
Beyond the welcome bonus, there is incredible long-term value in having either of these cards.
The $95-per-year Chase Sapphire Preferred Card is one of the best — if not the best — travel rewards cards for beginners and experts alike, offering bonus points on broadly defined categories like travel and dining to help you book your next free trip faster. Meanwhile, the more premium Chase Sapphire Reserve provides more traveled-related perks, including a flexible $300 travel credit, a Global Entry fee credit and Priority Pass lounge access.
With generous earning rates and the ability to redeem some of the most valuable points around, these cards can be keepers for the long haul. If you think one of them would be a good fit for your friends and family, be sure to send them your referral link to nab up to 100,000 extra Ultimate Rewards points.
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Bottom line
Chase has reduced the amount of points you can earn per individual Chase Sapphire Preferred Card and Chase Sapphire Reserve referral to 10,000 points instead of 15,000 points. However, with this change, they have also increased the limit of how many points you can earn annually through referrals to 100,000 points — up from 75,000. This means that if you’re able to meet this threshold, you can earn an additional 25,000 points through referrals each year.
