The best credit cards with a referral bonus are Chase Sapphire Preferred and Chase Ink Business Preferred. The Chase Sapphire Preferred referral bonus is 15,000 points (worth $187.50 in travel), and the Chase Ink Business Preferred referral bonus is 20,000 points (worth $250 in travel). In both cases, cardholders can earn the bonus by referring a friend for an account, but only if that person applies and gets approved.
Of the top 10 credit card companies, 5 have credit cards with referral bonus offers right now. Major credit card referral bonus offers include:
American Express: Bonus amounts and limits vary per cardholder.
The American Express credit card referral bonus applies with all Amex personal and business credit cards.
Chase: $100-$150 per referral OR 10,000-20,000 points per referral
The Chase referral bonus is available with Chase Freedom, Freedom Unlimited, Sapphire Preferred, Ink Business Preferred and Ink Business Unlimited, as well as the Southwest Rapid Rewards cards, the United Explorer Card, Marriott Bonvoy Bold, Bonvoy Boundless, the World of Hyatt card, and the Disney Visa cards.
Capital One: $100 per referral
The Capital One referral bonus is available with Capital One Quicksilver, Venture, VentureOne, Savor, and SavorOne.
Discover: $50-$100 per referral
Discover’s referral bonuses apply to Discover it Miles, Cash Back, Student Cash Back, Chrome and Chrome for Students, plus Discover More.
U.S. Bank: 5,000 points per referral
The only U.S. Bank card with a referral bonus is the co-branded LATAM Visa Card.
Bank of America: None
Wells Fargo: None
A credit card referral bonus is a specified amount of points, miles or cash back given to cardholders as an incentive for recruiting a friend to apply for a particular card or a card from a certain issuer. In most cases, you only get the bonus if the person referred gets approved for the card.
Referral bonuses can change. To see if your credit card offers a referral bonus, check your card’s reward terms and conditions, or call the number on the back of your card.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.