This morning, a member of our Frequent Miler Insiders group discovered that Chase has released a refer-a-friend bonus for the Chase Sapphire Reserve: 10,000 Ultimate Rewards points for each friend who refer who is approved up to 50,000 Ultimate Rewards points per year.
Several years ago, Chase removed the ability to refer friends to the CSR, it’s nice to see it back again.
- 10,000 bonus points for each friend you refer who gets a Chase Sapphire Reserve, up to a total of 50,000 bonus points per year
- You can earn a maximum of 50,000 points per year for Chase Sapphire Reserve referrals
While it no longer carries the monster 100K signup bonus with which it debuted a few years ago, the current 60K signup bonus on the Chase Sapphire Reserve is still a strong value. It’s worth at least $900 in travel and when combined with the $300 in travel credits, it’s easy to come out well ahead in year 1 despite the $550 annual fee (which is not waived the first year). Adding a P2 referral creates an additional $150 in value.
Many people prefer to cancel or downgrade the card to the Chase Sapphire Preferred after the first year. It’s a keeper for me, primarily because of the value that I get from Pay Yourself Back Redemptions, but that’s not everyone’s situation and it’s absolutely worth doing the math to figure out if makes sense.
In order to keep discussion here focused on questions and comments about the deal itself, please don’t share your referral links in the comments. Our spam filters will block comments with links.
However, if you haven’t yet joined our free Frequent Miler Insiders group, there’s a treasure trove of great people, ideas and tips to be found there. Simply click here and click “join” to sign up (don’t forget to answer the anti-spammer question so we know you’re a real human).