You can find you Chase referral link by going to https://www.chase.com/referafriend/catch-all. There’s a limit of 50,000 points/$500 which can be earned each year via referrals. Reward amount per referral varies; current offer on the Freedom card is $100/10,000, for example.
At the bottom of the above referral page, you’ll see a meter which tracks how many referrals you’ve done for the year. Useful for keeping track of how many referrals you’ve accumulated and how much you have left. It’s possible everyone already knew this, but I just learned about it a few weeks ago from Reddit user garettg.
The 50,000/$500 limit resets based on the calendar year; if someone signs up with your link on December 31st that would count toward the prior year and if they sign up on January 1st that would count toward the new year. (See also this interesting article from Nick on Frequentmiler regarding how to time your Southwest referrals right to maximize earnings toward a Companion Pass.)
Any way to look at referrals from last year using this?
Thank you, just checked and got my first referral
Which year of the dates below is the referral bonus counted toward the yearly maximum and yearly 1099 tax?
(1) The date P2 applied using P1’s referral link.
(2) The date P2 was approved.
(3) The date the referral bonus pended in P1’s account.
(4) The date the referral bonus posted in P1’s account.
(5) None of these. A date other than these.
Discussion post https://www.doctorofcredit.com/which-banks-send-out-tax-form-1099-discussion-post-for-2022-tax-forms/
does the biz card referral also works this way? I tried earlier today and doesn’t appear to work for me 🙁
that function has been there for months, but the web server never worked and always gives error message
Above it says: “current offer on the Freedom card is $100/10,000, for example”.
That example is a little confusing IMHO. You actually can’t refer people TO the Freedom card anymore, since it’s not open to new applications.
But if you have a Freedom card, it lets you refer people to either Freedom Unlimited or Freedom Flex, even if you don’t have those.
What I read is you can refer people to any participating freedom card. I’m sure what they’re meaning is either the freedom flex or freedom unlimited. But yes, you are right. If you have the original freedom card, you can use it to refer to either of the other two cards.
I believe the referrals count for whatever year it is when the statement with the referral appears. Also have to keep in mind there can be a delay on when the person applied and when they actually get approved. And if it’s near the end of a statement period, it’s probably going to be on the next.
I’ve probably have referred close to 100 people to Chase. I got a good idea how it works.
How long does it take for a referral bonus to post? If someone uses my referral say, today, will it likely post to next year’s limit?
Last referral I did it took a couple weeks but didn’t hit a statement for over a month because of how my statement cycle fell (could see it came through on upcoming UR points)
Bonuses only post when your statement ends. So yeah, it would be on next years limit.
The blogpost from Frequentmiler which I linked in the post suggests the reverse that it goes with a December 31 cutoff, not a statement cutoff. (That way would also seem more likely.)
Not quite sure I agree with that logic. In the past when I have received the maximum bonuses allowed, I obviously received no more points even though I had numerous referral links floating around online. It is extremely unlikely that people just suddenly decided to no longer use these links. This has happened to me three different times and it usually happened by late summer- early fall. And since some of these referral links were good for a couple of months, they would have had plenty of opportunity to continue to use them.
On every single one of these years when my December statement closed on the 6th, I started referring again. Those bonuses showed up when my next statement closed on January 6th. These were bonuses that were earned for referrals in December. If it was truly in a calendar year, I would have had well more than what was allowed. Also, the 1099-misc that Chase issued for $1,000, would have been much higher. But it wasn’t because these points were “awarded” in January.
I just read this from Chase:
“You may earn bonus points up to the stated maximum for each offer, however, please note that if you take advantage of multiple opportunities within one calendar year that the maximum number of bonus points that can be awarded from all referral offers is 50,000 per calendar year”
I think the key word here is awarded. A December referral will be awarded in January. Also, to avoid any confusion, this limit is per card and vary with every card.
The FM data point seems to show the reverse. I don’t know which is accurate.
Is the 50k point/$500 limit combined for all cards or per referral offer? Got a few ink referrals this year and I believe that could be why the freedom referrals aren’t posting.
Did 1x Ink for 20k, 1x CSP for 15k, 2x United for 10k each so we’re at 55k combined points right now.
P2’s Ink Referral counter says 40,00k earned this year, 60,000k remaining but her personal/biz accts are NOT combined on one login.