How do I Refer a Friend to Chase Freedom?

Chase offers its card holders many different rewards and bonuses. From sign-up bonuses to limited-time promotions, Chase customers have many options at their disposal when looking to save money. However, these promotions don’t just stop there. Chase offers opportunities to earn cash and rewards bonuses when you refer a friend for one of their card products.

The Chase Refer-a-Friend Program

Through the Chase referral program, Chase Freedom card holders have the potential to earn up to $500 cash back each year when they invite friends to carry a Chase card. Chase Freedom enables you to earn up to 10000 points (equates to $100) for each approval and up to a maximum of 50000 points (equates to $500) each year. If you have a Chase Freedom credit card, you can refer friends using your own personalized referral link, email, or via social media platforms, such as Facebook and Twitter. 

Although sending a link out over social media exposes this program to a wider number of people, giving a personalized referral link may be able to yield better results for you in the program. Reaching out to someone that you know personally to suggest Chase Freedom as a viable option is more likely to get them to hit that final submit button that just blasting out a link to all of your followers, some of whom may not even know who you are.

Also, getting cash back for the referral is great for you, and you are totally aware of the potential benefits of a credit card. However, they are not for everybody. If you choose specific friends or family members that you think will be responsible with their spending, and to whom you can describe the specifics of the credit card terms, then you can choose people that are not only more likely to agree with you, but also, those who will not find themselves drowning in debt later on.

>>Related: How does Chase cash back work?

Would a Chase Freedom Card be Right for Others?

The Chase Freedom card has a 0% introductory APR on purchases for the first 15 months of owning the account, which can help ease the transition for people that may be new to such a high-end card. After this introductory period, you will receive somewhere between a 14.99%-23.74% interest rate on the balances for your purchases and your balance transfers. All things considered, these are both aspects of the card that can make them attractive to the average cardholder. The interest rate is very good in the current marketplace, and with a friendly on-ramp, any cardholder can develop a healthy relationship with the card.

Furthermore, the Chase Freedom card gives ample rewards, but only in specific categories at specific times. Each quarter, Chase will choose a specific category of spending, like gas, groceries, or streaming services, which will give you 5% cash back rewards on the first $1,500 that you spend in that category, and only 1% cash back on all other purchases. Thus, even with an attractive 5% cash back rewards, it is not something that can do many people a whole lot of good. This rewards system would be great for someone that spends in all of the "major" categories, but does not spend above $1,500, and after all someone who is still a disciplined spender. If you can hold off on making a purchase for a little bit, that could make this rewards system easier to deal with.

Finally, although new cardholders should avoid being wholly persuaded by this bonus, it is certainly a cherry on top to be rewarded with a sign-up bonus when you first receive the card. When you spend $500 on any purchases during the first 3 months, you will automatically get a $200 cash back bonus, no questions asked. Furthermore, in spite of the structure of rewards, you will receive 5% cash back on the first $12,000 made in purchases in the first year. Thus, along with getting a friendly referral, Chase itself really looks to sweeten the pot for people deciding whether or not this card is right for them.

>>Related: Full Review of the Chase Freedom Card

How to get the Chase Freedom Refer a Friend bonus?

To participate in this referral program, you must enter your last name, your zip code and the last four digits of your Chase Freedom card on Chase’s Refer-a-Friend page. On the following page, enter the first name and email address of each person you wish to refer to Chase. You also can post the invitation link to your Facebook or Twitter or refer friends through the Chase personal banking app. It is important to note that Chase referral links expire 6 months after the link is generated. When the link expires, you will need to generate a new one if the offer is still available. It is important to note that due to the confidentiality associated with the credit card approval process, Chase will not be able to inform you regarding your friend’s approval. You should therefore ask your friend yourself about their results. Now, 6 months is a long time for the offer to be active. So, if you are dead set on getting this cash back, you might even want to help and support your friend who has been denied, so that they get their act together and apply again with a stronger credit profile than before.

Once this is done and the friend you have referred to applies and gets approved for the card, your work is complete, and the referral bonuses will come your way (sometime within the next 8 weeks).

If you are looking to get the Chase Freedom Card yourself, you can apply online here.

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