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Credit Card Referral Bonuses

Credit Card Referral Bonuses

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This article was last updated Aug 28, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re looking to maximize the earning potential from your credit card, credit card referrals are a great way to do so. Credit card referrals give you the opportunity to earn an influx of points, miles or cash back when you invite a friend or family member to sign up for a credit card, and that person is approved.

Read on to see which issuers and credit cards currently offer credit card referral bonuses.

American Express refer a friend

With American Express’s referral program, you can earn a bonus when you refer friends via your card’s online account referral page, email, social media or by sharing their personalized referral link — no matter which American Express card your friend is approved for. Terms apply to American Express credit card offers. See americanexpress.com for more information.

The referral program is available to card members with a qualifying personal or business American Express card, and the amount of the bonus can vary depending on the individual cardholder (and not the credit card product).

Here are a few examples of referral bonuses offered to CompareCards employees:

Your eligibility to participate in the refer a friend program is based on your creditworthiness and other factors, including your account history with American Express. However, authorized users and employee card members are not eligible for the referral program.

To refer a friend, log in to your American Express account, or call the number on the back of your card for more information. Once your friend has been approved, your referral bonus will be posted to your account within eight to 12 weeks.

Capital One refer a friend

Capital One allows eligible card members to earn $100 in statement credits for each friend they refer — up to $500 per year — when that friend is approved for an eligible Capital One credit card.

If you have one of the following Capital One cards, you may qualify for the card referral program (note, you can only refer guests to the card that you currently have):

To get your personal referral link, sign in to your Capital One account or the Capital One mobile app.

Chase refer a friend

With Chase, customers can refer friends and family members to eligible Chase credit cards via a personalized link. However, you may be restricted to referrals to the same card. Chase has become more flexible with that policy, though, and allows referrals from within the same family of cards for United cards, Southwest cards and Chase Freedom cards.

The following credit cards are eligible to earn referral bonuses:

To receive your unique referral link, click on the “Refer friends now” button associated with your credit card. On the following page, provide your last name, zip code and the last four digits of your card. You can expect the referral bonus to post to your account up to eight weeks after the applicant has been approved for the card.

Discover refer a friend

Discover offers a bonus in the form of a statement credit for each friend you refer who is approved by Dec. 31, 2020. Your approved friend will also receive a statement credit after making their first purchase in the first three months of card membership.

The following Discover cards qualify for the referral bonus:

  • Discover it® Miles — Receive a $100 statement credit per friend who is approved for the Discover it® Miles, up to $500 per year. Each eligible friend who is approved will also receive a $100 statement credit after making a purchase within three months of opening the account.
  • Discover it® Cash Back — Receive a $50 statement credit per friend who is approved for the Discover it® Cash Back, up to $500 per year. Each eligible friend who is approved will also receive a $50 statement credit after making a purchase within three months of account opening.
  • Discover it® Student Cash Back — Receive a $50 statement credit per friend who is approved for the Discover it® Student Cash Back, up to $500 per year. Each eligible friend who is approved will also receive a $50 statement credit after making a purchase within three months of account opening.
  • Discover it® chrome — Receive a $50 statement credit per friend who is approved for the Discover it® chrome, up to $500 per year. Each eligible friend who is approved will also receive a $50 statement credit after making a purchase within three months of account opening.
  • Discover it® Student chrome — Receive a $50 statement credit per friend who is approved for the Discover it® Student chrome, up to $500 per year. Each eligible friend who is approved will also receive a $50 statement credit after making a purchase within three months of account opening.

To access your personalized referral link, log in to your Discover account. Once your referral has been approved, the referral bonus will post to your account as a statement credit in one to two billing cycles.

However, know that if you’ve opted out of receiving marketing communications from Discover, you aren’t eligible for referrals.

Issuers that do not offer referral bonuses

Unfortunately, not all major credit card issuers offer referral bonuses. Presently, that list includes Bank of America, Barclays and Wells Fargo. Plus, while Citibank does offer a referral program in some countries, including India and the Philippines, it does not currently offer referral bonuses for credit cards in the U.S.

The information related to Disney® Premier Visa® Card and United Club℠ Infinite Card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


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