The list of ways you can boost your stash of points and miles this year is nearly endless. For starters, you can earn more points by strategically using rewards credit cards, using airline dining programs or utilizing shopping portals when you make purchases online.
You can also earn more points and miles when you get friends or business colleagues to sign up for your favorite rewards credit cards. This strategy is made possible by the fact that many credit card issuers offer their customers “refer a friend” links they can use to expedite the process.
What is a credit card referral bonus?
A credit card referral bonus is an incentive that credit card issuers offer to cardholders for inviting their friends to apply for a card. It usually comes in form of a specified amount of cash back, points or miles.
How to earn a credit card referral bonus
Rules for earning a referral bonus vary by credit card issuer. Some have a standard set of offers, others will personalize them for you. The process, however, is generally the same: a cardholder shares a link that their friend will use to apply for the card. Once the friend is approved, the cardholder gets the bonus—and some issuers will reward the friend too.
Best referral bonus offers
If you’re eager to earn more points this year and think you could get friends, family members or co-workers on board, it’s smart to figure out which of your cards offer referral programs and how much you could earn.
Here’s a rundown of some credit card issuers’ referral programs and how they work:
While American Express refer-a-friend bonuses are available with several of their most popular travel and rewards credit cards, you’ll have to log in to your account to see which cards you are able to refer people to. Once you do, you can easily refer people online and through your online account management page. This American Express program even offers you an individualized referral link you can share with people via email or online.
There are a few things to keep in mind, however. Some people may be able to refer friends to various cards, while others remain ineligible. Also note that the referral bonuses vary and may change, and that you’re generally limited to referring only a few people per year.
Another detail to note here is that you may be able to refer friends to a different card within the same family of cards with your referral link. If you refer someone to the Hilton Honors American Express Aspire card but they sign up for the Hilton Honors American Express Surpass® Card through your link instead, for example, you could earn points that way.
To find out if you’re eligible for American Express referrals, head to their refer-a-friend page and log in to see your offers. The following cards could be eligible:
- The Amex EveryDay® Credit Card from American Express
- Amex® EveryDay Preferred Credit Card
- American Express® Gold Card
- The Platinum Card® from American Express
- American Express® Business Gold Card
- The Business Platinum Card® from American Express
- Hilton Honors American Express Card
- Hilton Honors American Express Surpass® Card
- Hilton Honors American Express Aspire card
- Delta SkyMiles® Gold American Express Card
- Delta SkyMiles® Platinum American Express Card
- Delta SkyMiles® Reserve American Express Card
- Delta SkyMiles® Gold Business American Express Card
- Delta SkyMiles® Platinum Business American Express Card
If you already have rewards cards in these programs, it’s likely you already know how they work. If not, it might be wise to brush up on various loyalty programs before you sign up for a new card and start referring friends. Check out our American Express Membership Rewards guide and our Delta SkyMiles guide to learn how these programs work and the best ways to redeem your points.
If you’re eligible for The Capital One refer-a-friend program, the issuer will provide you with a personal referral link that you can share with your friends. Once your friend is approved, you’ll receive the bonus. The bonus amount depends on the credit card you have.
These cards are currently eligible for the program:
- Capital One Quicksilver Cash Rewards Credit Card
- Capital One QuicksilverOne Cash Rewards Credit Card
- Capital One Savor Cash Rewards Credit Card*
- Capital One SavorOne Cash Rewards Credit Card
- Capital One Venture Rewards Credit Card
- Capital One VentureOne Rewards Credit Card
- Capital One Platinum Credit Card
- Secured Mastercard® from Capital One
Note that your credit needs to be in good shape for your account to qualify for the program. If you have missed payments or defaults on your credit report, you might not be eligible.
Chase refer-a-friend bonuses are more transparent about which cards are included and how many points you can earn per referral. Keep in mind that, like American Express, Chase limits how many referrals you can make within a year.
Also note that you must have each of their cards already to refer other people to sign up for that exact card. Let’s say you want to earn points when your Aunt Linda finally signs up for the Chase Sapphire Preferred® Credit Card. To earn a bonus, you must have that card already to refer her.
Chase referral bonuses are posted online and listed as follows:
- Chase Freedom Unlimited®: Earn $100 cash back for each person you refer with a limit of $500 per year.
- Chase Sapphire Preferred® Card: Earn 15,000 points per referral with a limit of 75,000 bonus points per year.
- Ink Business Preferred Credit Card: Earn 20,000 points per referral with a limit of 100,000 bonus points per year.
- Ink Business Unlimited® Credit Card: Earn 20,000 points per referral with a limit of 100,000 bonus points per year.
- Ink Business Cash® Credit Card: Earn 20,000 points per referral with a limit of 100,000 bonus points per year.
- Southwest Rapid Rewards® Plus Credit Card: Earn 10,000 points per referral with a limit of 50,000 bonus points per year.
- Southwest Rapid Rewards® Premier Credit Card: Earn 10,000 points per referral with a limit of 50,000 bonus points per year.
- Southwest Rapid Rewards® Priority Credit Card: Earn 10,000 points per referral with a limit of 50,000 bonus points per year.
- The World of Hyatt Credit Card: Earn 10,000 miles for each referral with a limit of 50,000 bonus miles per year.
- Marriott Bonvoy Boundless: Earn 20,000 points for each friend who is approved for any Marriott Bonvoy card from Chase – up to five referrals per year, for a total of 100,000 points.
- Marriott Bonvoy Bold™: Earn 20,000 points for each friend who is approved for any Marriott Bonvoy card from Chase – up to five referrals per year, for a total of 100,000 points.
- United Club℠ Infinite Card: Earn 10,000 bonus miles for each friend who is approved for any United MileagePlus credit card, up to 50,000 bonus miles per year.
- United℠ Explorer Card: Earn 10,000 bonus miles for each friend who is approved for any United MileagePlus credit card, up to 50,000 bonus miles per year.
- United℠ Business Card: Earn 10,000 bonus miles for each friend who is approved for any United MileagePlus credit card, up to 50,000 bonus miles per year.
- World of Hyatt Credit Card: Earn 5,000 points for each friend who gets approved for the card, up to 25,000 points per year.
- IHG® Rewards Club Traveler Credit Card: Earn 10,000 bonus points for each friend who is approved for the card, up to 50,000 bonus points per year.
- IHG Rewards Club Premier Credit Card: Earn 10,000 bonus points for each friend who is approved for the card, up to 50,000 bonus points per year.
Chase Ultimate Rewards points are especially valuable since you can redeem them in more than one way. Not only can you cash in Chase Ultimate Rewards points for gift cards, statement credits or purchases made through Amazon.com, but you can redeem them for travel directly using the Chase travel portal.
You also have the option to transfer Chase Ultimate Rewards points 1:1 to popular airline and hotel programs such as World of Hyatt, Marriott Rewards, Southwest Rapid Rewards, United MileagePlus and JetBlue. Make sure you check out our Chase Ultimate Rewards guide if you want to learn about all the different ways you can use your points.
While Discover goes about it in a slightly different way, the bank does let you earn a bonus for referring friends to any of their cards including the Discover it® Cash Back and the Discover it® Miles.
Here’s how the Discover refer-a-friend program works: First, you get a $50 statement credit for each friend you refer to one of their credit cards. You are limited to ten referrals per year for a maximum benefit of $500 in statement credits.
To sweeten the pot, Discover also gives your friend a $50 statement credit when they use their card to make a purchase within the first three months. Just log into your account and select “refer a friend” to get a personalized referral link you can use to help friends sign up.
While Discover credit cards don’t have programs that let you transfer points to airlines or hotels, they can be a smart choice for the right type of person. Make sure to explore these notable Discover credit cards and what they have to offer.
Referring means sharing
Credit card bonus referral programs make it possible to rack up more points and miles without getting new rewards cards or overspending to earn more rewards. In the meantime, they allow you to share your most prized rewards with the people you love most.
If you have a travel or rewards credit card you can’t stop raving about, you may as well get something extra when your friends and family follow your advice to sign up. After all, more rewards are always a good thing—both for you and your friends.