[Update] Chase Ink Cards: 40K points per referral up to 200K max

Update 3/11/23: We have received multiple reports from readers who recently applied through a referral for the 75K offers successfully getting matched to the 90K offers. Readers have reported success via both phone and secure message. This would make the referral offer very attractive if you are referring another player within your household. Again, the way that would work is that, in a two-player household, Player 1, who has an Ink card, refers Player 2 to an Ink card. When Player 2 is approved, Player 1 would earn 40,000 points and Player 2 would be set to earn 75,000 points with the Ink Business Cash or Ink Business Unlimited offers. Then Player 2 should reach out to Chase to ask whether they will match the current 90K offers. That could be a great deal.

Chase has updated the referral offer for the Chase Ink Business Preferred and Ink Business Cash Cards: you can now earn 40K Ultimate Rewards points per referral up to 200k total points.

Unfortunately, the referral offer doesn’t match the best public offer on the card of 90K points for spending $6,000 in the first 3 months (that is due to end shortly). Instead, it refers to a lesser 75K offer, which I imagine is what the public offer will drop to once the 90K offer sunsets.

a screenshot of a computer screen

The Deal

  • Earn 40,000 Ultimate Rewards points for each business owner you refer who is approved
  • Earn up to a total of 200,000 bonus points per year from referrals
  • The person you refer gets 75K for $6K spend signup bonus offer
  • Check the Chase Refer-A-Friend site to find your referral link.

Quick Thoughts

This is a terrific offer by itself. The previous offer was for 20,000 points per referral up to a total of 100,000 total points, so this is a massive improvement. That old 20k referral can still be found and it strangely does refer to the 90k offer. Given that, it’s a shame that the increased referral links don’t currently refer to the best public offer. A 2-player household would still come out 5,000 points ahead (vs using the old 20K referral), but it’s not the total win that a 90K+40K offer would be.

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2 referrals, got the 2 x 40K points last year …. today the 1099-MISC arrived from Chase for $800 taxable income !! A bit of a dampener. Sure, the 80K UR points are worth more than the $800, but who would have thought it would generate a 1099?


Can I refer my wife to the chase ink cash, then a few months later to the business preferred?

Dan W

Hate to bring up an old post, but regarding the update at the top saying that you can secure message or call to get them to match the 75k to 90k, how long do you wait to do this? do you have to get the bonus after spending the 6k and then reach out? or can we reach out right away after getting the card?


Is the 200k/year referral bonus limit per person or per card. For example, if I have both the Ink Cash and Unlimited, could I get 400k/year (200k for the Cash and 200k for the Unlimited)?

Yana Kogan

I’m also curious about this question


Came here looking for the same answer..

Greg The Frequent Miler

Per card. You can get up to 400k in that example.


I just referred my family members for the 90k ink cards and they got approved. Wondering if there are DPs where I can match with the 40k referral bonus? (mine was 20k)


Called to match the bonus points. The rep immidiately grilled me about the type of business. took me by surprise, i got the impression that he is sick of all the calls of people calling about new ink card approval and offer match. After I told him about online business like ebay paypal, the rep asked me for ebay account detail to look up and told me you have very little to no transaction in the last 2 years and such is not a legit business and told me you will be mailed a letter soon and hung up. 2 hours later I found out that both the new and previous ink card are closed and my personal cards are closed as well. disaster! just redeemed all the points I have . terrible day!

Alex King

This is indeed terrible news. I feel bad for you and I hope others can take caution.

Paul B


Over the last three days I have sent my wife the 40,000 point link several times. She has tried to open the link at least a dozen times. Every time she gets the following message “Thank you for your interest. Unfortunately, the system is unavailable at this time, and therefore, we’re unable to complete your request. Please try again later.”

What am I doing wrong???

Paul B


she has to close all tabs that have this site open

Paul B

I have tried closing all tabs, but I still get the error message.

[…] and a 40,000 referral bonus for a total of 130,000 points? Apparently yes. There are data points at FM that show that Chase is in fact matching 75K bonuses to 90K. You just need to reach out by phone or […]

[…] the 75k/40k and get matched. We’ve now seen one other commenter have success with the match, and FM studies listening to quite a few studies that manner as properly. And so till the general public […]


@greg what are the chances that the person who got the 20k for referring, chase matching that to 40k? Been over a week now still waiting and nervous about it.

Greg The Frequent Miler

I don’t know. Sorry.


How do you find the 20k + 90k link?

Dick Bupkiss

You hop in your time machine and set the controls for a week ago.


It seems the Chase ink Business preferred SUB is the same, at 100k and does show up with the 40k referral link, netting a 140k UR points between P2 and myself.
However when I click on the 40k referral link, the CIBP has a “white veil” over it (the other cards do not), although you can still click on it and it opens the application window. Wonder if this is somehow going to invalidate the 40k referral bonus?

Last edited 1 year ago by Kayexalate

Does anyone know if the referral 1099s are per card or per SSN? For instance, if I referred 40k from 1 card and 40k from a second card, would I get a 1099 for $800, or would I not get any since the referral amounts per card are below the threshold of $600?

Last edited 1 year ago by Brandon
Greg The Frequent Miler

I’m pretty sure its by SSN


I would think Chase will send you a 1099 for $400 in the case of just a single referral.
After all, they will send you a 1099 if you earn more than $10 in interest.

In 2-player mode the total for one of these 90K point cards would be 90,000 points if no referral and 115,000 points including the referral (75K + 40K). So you would be “buying” the extra 25K points on the tax you’d pay on $400 – depends on your marginal tax rate. So the referral bonus is not as great as it sounds. .


Can I get the referral bonus if my corporation with an EIN refers me and I apply as a sole proprietor using my SS#?


Basically, can I refer myself if the cards are for completely separate companies?


I would doubt that would work. I would not try it either as Chase specifically says you cannot. Not worth potentially damaging your relationship.


Trying to decide if it is better to apply with a 20k + 90k link and ask for a bump on the referral bonus, or go with 40k + 75k and see if I can get a match to the public offer on the card bonus. Did a $900 checking / savings bonus in January, so pretty sure I am getting a 1099 from Chase in 2023. That would likely negate the extra 5k in the new referral.