It can pay off big time when you stay on top of all of the bonus programs which are offered by the various credit cards on the market.These deals may come and go periodically, and if you don’t stay on top of the offers, you could miss out on some significant savings. Today, we examine the Chase Sapphire Reserve Referral Program. This is a referral bonus that is sometimes offered and if it’s not currently active, keep your ears open because it’s a popular benefit for being a Chase Sapphire Reserve cardholder and you won’t want to miss out on this exciting bonus program.
What is the Chase Sapphire Reserve Referral Program?
The Chase Sapphire Reserve Referral Program is a special bonus program that allows you to maximize the benefits of your Chase Sapphire Reserve credit card by simply referring friends to apply for the credit card. When you tell someone about the card, they apply and are approved, you can earn some amazing points for the referral. When the Sapphire Reserve card first came out it became very popular, but it’s a type of card that is not intended for everyone. The greatest benefits of the card are for those who do a lot of traveling. In order to fully understand the Chase Sapphire Reserve Referral program and its tremendous benefits, you have to know a little more about the Chase Sapphire Reserve credit card, who works best for, then how the referral program works. If you’re a Chase Sapphire Reserve cardholder then it could be to your advantage to learn all about this great rewards program that can help you build your points faster.
Overview of the Chase Sapphire Reserve credit card benefits
The Chase Sapphire Reserve credit card is loaded with special rewards opportunities. The first is 50,000 bonus points awarded after you spend a minimum of $4,000 with the card on purchases within the first 90 days of the date that your account is opened. There are even more opportunities to quickly build bonus points with this card. Immediately upon receiving your card ,you can earn 3X the amount of rewards points on travel throughout the entire world after you earn your $300 in travel credit. Just use the card on eligible purchases for travel expenses anywhere in the world.
You also earn 3X points when you dine at eligible restaurants throughout the world and the points are worth fifty percent more when you redeem them for travel through Chase Ultimate Rewards. This is the best way to get the most out of you points and to give you an example of how you can get more bang for your points buck, when you redeem them for ravel through Ultimate Rewards, it gives you a $750 value toward travel for 50,000 points.
Annual Travel Credit
When you make travel purchases with your card, each year, on the anniversary of your account opening date, you are awarded $300 in travel credit as a reimbursement for your travel purchases, when you meet the minimum purchase amount on your card. This is a reward that is granted every calendar year.
You also receive a Complimentary Priority Pass Select Membership that grants you special privilege to airport lounges in more than one thousand different locations throughout the world, after you enroll in this program just once. It’s fast and easy to apply and well worth the benefits for frequent flyers who know the hassles you can encounter without the special priority pass. You also get 1 point for every $1 you spend on any purchase with a 1/1 point transfer ratio to airline and hotel loyalty programs, no blackout dates, no travel restrictions as long as there’s a seat on the flight for overlayleading airline program, VIP access to events and a variety of experiences, $0 foreign transaction fees, auto rental collision damage waiver, travel and emergency assistance services, trip interruption/cancellation insurance, extended warranty protection, purchase protection and 24/7 access to a Chase Sapphire Customer Service Specialist.
How to earn your Chase Sapphire Reserve Referral Bonus
Each time that you refer a person to the Chase Sapphire Reserve card, they apply and are approved with an opened account, you receive a bonus of 10,000 points for each referral and you can do this up to five times per calendar year to earn a total of 50,000 bonus points. This is the same number of bonus points that you get when you spend $4,000 in the first three months of account opening, so it’s entirely possible to earn up to 100,000 bonus points within the first three months of opening your account. To make a referral, all that you need to do is to go to the referral page of your Chase Sapphire Reserve account. You’ll see an icon that says, “Get Started,” so click on it. You’ll be taken to an area that gives you all of the information that you need to invite other people to become Chase Sapphire Reserve cardholders. You can invite people to apply for the card though several means including a Twitter Post, Facebook, an email or through a special web link. The persons that you refer will be sent information that tells them how to apply using your special link that is generated from your referrals page. This is very important because it identifies you as the account holder who made the referral and it’s the only real way to ensure that you get the credit for making the referral. In some cases, it can take one to two billing cycles before you see the credit for your referrals reach your account, but for just 5 referrals, you can earn an easy $750 towards travel purchases and all that has to happen is for the five referrals you make to be approved and open an account.
Details about the Chase Sapphire Reserve Credit Card
The Chase Sapphire Reserve Card Referral Progam is a great way to earn valuable points, but before applying there are a few things to take into consideration. As with most credit cards, this version is a better deal for some than others. Who is this offer best for? If you’re someone who does a fair amount of traveling and you’re not getting all of the rewards from your current credit card, then it might be the ideal choice for you. The people who benefit the most are those who fly for personal or business reasons several times a year, and those who eat out at restaurants. Having said this, here is the information that you need to know to make your decision about applying for the Chase Sapphire Reserve credit card.
Approval, Pricing and Terms
You should always carefully review the pricing and terms of any credit card offer so you fully understand them to avoid any surprises. The Annual Percentage rate for the Chase Sapphire Reserve credit card, also kown as the APR is between 19.24% to 26.24%. The rate that you will be charged depends upon your credit worthiness/credit score and it’s based on the Prime Rate. Approval of your application is based upon the same factors and if your credit is good to excellent, you stand a good chance of being approved.
The APR for cash advances averages 27.24% but it may vary based on the Prime Rate. If you want to use your credit card to make purchases and you want to avoid paying interest on the charges, make sure that you pay the full balance before the end of the 21 day billing cycle. If you pay the balance on cash advances, purchases and balance transfers prior to this time you could avoid having interest charged on the card.
Fees and other charges
There is no minimum interest charge associated with this credit card. There is an annual membership fee of $450 for the primary account holder. If you decide that you want to add authorized users to this credit card account, you will be charged an additional $75 per year for each authorized user.
If you use the account for balance transfers, the charges are either 5% or $5, whichever is the greater amount. For cash advances the charge for each is either $5 or 5% of the transaction, whichever is the greatest number. There are no fees for foreign transactions. If you are late on a payment on your account, there is a penalty fee that can range up to $39 with the same for a return payment. It is important to note that this type of account may or may not be eligible for balance transfers.
The Chase Sapphire Reserve credit card is somewhat of an investment because of the high fee of $450 that is charged but it offers so many benefits that can help you to not only completely make up for the difference, but you can also come out ahead and substantially increase savings on travel and if you do enough travelling and eating out, the $450 fee charged for this card will be well worth the annual investment.
What if the Chase Sapphire Reserve Referral Program has ended?
The Chase Sapphire Reserve Referrable bonus points program is one of those special promotions that is not always offered. As with most of these rewards programs, it is subject to expire and not all new card members will get in on this great deal so it is important to watch the timelines and get all of your referrals who are interested in this program, on board before it expires. It is brought back from time to time, but if you miss out on the date, you might also want to check out the Chase Sapphire Preferred cad and the refer a friend program. This is a great way for new cad members to earn up to $1,500 in points rewards that can be used on travel. The program works in much the same way that the Chase Sapphire Reserve referral program works, but the small details are different so you need to familiarize yourself with the intimate details. Chase has so many great rewards bonus points offers that it pays to stay on top of them and if one has expired, you can be sure that you’ll find another one with little effort.
The Chase Sapphire Reserve Referral Program is one of the best rewards points bonus programs that we’ve seen offered in some time. We shared an overview of the benefits. When you get down to the nitty gritty and examine some of the perks that this program has to offer, along with the built in advantages of the card itself, there are a lot of opportunities for card holders to save and earn even more points through periodic promotions that are offered from time to time. Referring friends who would also benefit from the amazing benefits of the Chase Sapphire Reserve credit card, earns you up to $750 in travel savings on top of all of the other benefits. You also get the standard 1 bonus point for every $1 spent on all purchases that are not a part of the bonus points deals that give you up to 3 times the points earnings. Travel and dining help you earn points faster. This is a program that is well worth your time to check out and it is specific to the Chase Sapphire Reserve credit card, but if it’s not the right card for you, if you don’t travel or eat out a lot, we encourage you to check out the other specialty credit cards that are offered by Chase.