You can get the Chase $500 bonus offer by acquiring any credit card that offers an equally high initial bonus, like the Chase Sapphire Reserve® card. As a matter of fact, there are a few Chase bonus offers that give you at least $500 after meeting a certain spending requirement within a specified period of time.
Chase Sapphire Reserve®: This card gives 80,000 bonus points for spending $4,000 in the first 3 months. That’s worth $800 in statement credit or $1,200 in travel through Chase. Requires excellent credit (750+).
Chase Sapphire Preferred® Card: This credit card offers gives 60,000 bonus points for spending $4,000 in the first 3 months. Its points are worth a total of $600 in statement credit or $750 toward travel through Chase. Requires at least good credit (700+).
Refer-A-Friend bonus: You can also earn at least $500 through Chase’s Refer-A-Friend program. More specifically, you get a bonus by referring friends that you invite to apply for a participating credit card and get approved.
Chase Freedom Unlimited®: You earn up to $500 cash back per year by referring friends to any participating Chase Freedom credit card.
Chase Freedom Flex℠: You earn up to $500 cash back per year by referring friends to any participating Chase Freedom credit card.
Chase Sapphire Preferred® Card: You earn up to 75,000 bonus points per year by referring friends for the same card. This is the equivalent of $750 in statement credit or $937.50 toward travel.
Having said that, there are also several Chase business cards with bonus offers worth at least $500.
For the card offers, note that the points or cash back may not show up in your account until 6 to 8 weeks after you meet the spending requirement. With the Refer-A-Friend bonuses, either your cash back or bonus points will be deposited withing 8 weeks after each new cardmember's account approval.
Your Chase Sapphire Reserve approval odds are decent if you have a credit score of 750 or higher, which is considered excellent credit. Chase doesn’t publicly disclose their exact approval criteria. But they will definitely look at income level and current debt load as well as credit history.
Chase Sapphire Reserve requires excellent credit for a strong chance of approval, which means a score over 750. Many people consider a score of 720 or above to be excellent, but WalletHub has found that 750 is really where the odds begin to tip in your favor.
The average person’s Chase Sapphire Reserve approval odds aren’t so hot. The average credit score is just 695, according to the latest WalletHub data.
Chase considers monthly housing payments, home ownership status, annual income and the source of that income, in addition to pulling credit reports.
The odds of approval will be slim for people who have opened several new credit card accounts in a short timeframe. It’s better to allow at least six months between applications.
If someone you refer is approved, you’ll receive 20,000 bonus points, worth $200 cash back (or $250 toward travel booked through Chase Ultimate Rewards with the Chase Ink Preferred). You’re eligible for five referral bonuses (100,000 points total) each calendar year.
Online, enter your name, zip code and last 4 digits of your Ink Business card number. Then, click “Get Started.” You should see your referral link and a list of options for sharing the link.
From the mobile app, log in with your Chase online username and password. You should see the “Refer friends” option. The next page will include the referral link and your sharing options.
Share your referral link Once you click the “Copy Link” button, you can send your link through text, e-mail or social media. You can always copy the referral link and e-mail it on your own. If you have a Facebook or Twitter account, you can post a general invitation link, too.
Wait for your referrals to be approved The application deadline is set for later than the last day you can refer to allow the individual time to consider the offer. When a referral is approved for the Ink Business card using your referral link, you’ll receive 20,000 bonus points. If they are denied, you won’t receive the bonus. Rejected applications do not count against your five annual referrals limit.
Collect and redeem your bonus points Your bonus points will post to your Chase Ultimate Rewards account within two months of your referral’s application being approved. Because of privacy concerns, Chase will not disclose information on the application status(es) of any referral(s).
Points do not expire as long as your account stays open. You can only refer people for the Chase card you own. If you refer them for the Ink Business card and they apply for another Chase card, you won’t receive a bonus.
The Chase Ink referral bonus makes for a nice addition to the cards’ initial bonuses: $900 after spending $6,000 within 3 months with the Ink Cash card and the Chase Ink Business Unlimited, and 100,000 points if you spend at least $15,000 in the first 3 months from account opening with the Chase Ink Preferred card.
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