Update 10/03/18: Chase is sending out this offer again. Referrals aren’t a good idea as new users can get up to $600 currently. Do the right thing and tell your friends about the better offer!
The Offer
Direct Link (check if you are eligible to refer at this link)
Chase now offers a $50 referral bonus to banking customers who refer friends for their banking products. The bonus is only available to those who have a debit/ATM card with Chase, and only for referring friends who don’t currently have any checking or savings account with Chase.
- Get $50 when referring a friend to Chase Total Checking or a new Chase Savings account
The new member will also get a bonus offer when using a referral:
- $200 if they open a Chase Total Checking
- $150 if they open a Chase Savings
The Fine Print
The terms for the new member’s bonus are the typical Chase checking and savings terms. You can find them in a previous post.
Here are the $50 referral terms:
- Referral bonus is available to eligible personal checking and savings account holders that hold EMV-enabled debit and ATM cards
- To receive the $50 Refer-a-Friend bonus: 1) Refer your family and friends to open a New Chase Total Checking® and/or New Chase SavingsSM account; 2) Referred candidate must be a new Chase customer and open a Chase Total Checking® and/or Chase SavingsSM account using corresponding coupon; AND 3) After your referred family and friends have opened their Chase Total Checking® or Chase SavingsSM account, we’ll deposit the $50 bonus into your primary checking account within 10 business days
- You can receive up to 10 referral bonus deposits (totaling $500) each calendar year
- Bonuses are considered miscellaneous income, and may be reportable to you and the IRS on Form 1099-MISC (or Form 1042-S, if applicable)
- Refer-a-Friend program is not available for the following customer or account types: Associates of JP Morgan Chase Bank, Legal Entities, Title Companies, Estates or Minor Children
- By referring friends via email you agree to allow us to send an email on your behalf giving them the opportunity to open a qualifying Chase checking and/or savings account; Your friends’ email addresses will only be used for this offer and will not be used for any other marketing solicitations or sold to third parties; If your friend already has a Chase account, is on our email opt-out list, does not live in an area with access to Chase branches, has already received a coupon code or if the email address you provided is incorrect or no longer valid, your friend may not receive the email; Due to the confidential nature, we cannot disclose any information about qualifying accounts opened by the friends you invite
Our Verdict
Before referring friends to this offer, take note that the signup bonus earned by the new member is less than the top offer we’ve seen many times which is to get $300 for opening a Chase checking account and $200 for the savings.
Still, I can see a few scenarios where this offer can make sense:
- Apparently, the coupon sent to the new member will work to open the new account online. A lot of people can’t get to a Chase branch or aren’t interested in doing so. They can’t typically get the $500 bonus and have to settle for these lower offers in the $350 range.
- The Savings bonus only requires a $10,000 deposit versus the standard $200 savings bonus which requires a $15,000 deposit (though we have occasionally seen the $200 bonus with $10,000 deposit).
- Someone who is doing a $200 Chase Savings bonus can instead have their spouse refer them for the $150 bonus and land up with the same $200 collectively, and even do it online, as noted above. (The $150 will be reported by Chase on a form 1099INT while the $50 might or might not be reported by Chase on a form 1099Misc.)
- If you are referring someone outside of the hobby and there aren’t any good public offers or you don’t want to explain to them how to do these offers, it might be easier to just send a referral. Right now, for example, there aren’t any public $300 checking or $200 savings bonus offers. While you can buy them on eBay, that’s not for everyone.
Please don’t put your referral here in the comments. I don’t think too many readers will be using these links. More information on Chase credit card referrals can be found here.
Hat tip to mirbachur on r/churning
any way to stack this with the $600 offer?
Here is my referral code for you to start banking with chase 🙂
Will you share your bonus with me if I use your URL? Message me- [email protected]
So i have a Chase Bank checking account and i have my debit card, but when tried to get my referral link it says my info cant be verified. Why is this so?
do you receive the referral bonus only after the other party does the requirements? or just when they open the account?
Thank you so very much for this! Can my husband use my referral link plus the $500 coupon to apply online?
I tried to generate my referral link several times but said my info are not matching.
I called chase they said they have no info about this offer. Any advice?
I am eligible for Refer a friend program for Chase Bank account, Drop me an email at [email protected] If you need any referral.
As you can see… this is an older thread and I was quite the newbie at that time. Just wanted to post to say… I don’t currently have a Chase account. Also… from memory… the person has to be eligible for the account and not one person I referred successfully opened one… John 3:16
What does “last enrollment date” mean? I opened an account in May, 2016 and closed the account in December 2016. Would I be eligible for this? Thanks.
just do it online and not in the branch,they act retarded and claim to know nothing about the promotion and ask you to bring in a written offer,butwhen you bring that paperwork in,they tell you it must be done at opening,they completely lie and deceive just to get you to open an account.the sad part is that the person who referred you iis out their 50$too.pathetic at the least.just open a credit union account where you actually get paid to keep your money with them.dont be fooled by these crooks….
Lol I don’t think anyone here is opening a Chase account to use as a real bank account. Only worth the bonuses, actual account is fee heavy for no benefit
I don’t what branch you go to, I’ve had no issues with Chase and bonuses, bank or credit card. The branch people have been great in the branches around m, both on the business and personal side.
You’re a clown, they literally can’t do the refer a friend bonus in branch as the offer is only available online. For the other coupons, just bring that in when you open the account and stop blaming others.