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Hurray, once again, you can now earn a referral bonus on the Chase Freedom card. Currently, Chase is allowing cardholders to refer their friends and earn $50 ( or 5k UR ) for each person who is successfully approved for the card. The total number of points you can earn is still capped at $500/50k UR, but the bonus for each referral has fallen from $100/10k UR. It’s great Chase has opened this up, but it’d be better if they allowed cardholders to refer to any card like Amex. Thanks to DOC for this head’s up
- $150/15k Welcome Bonus after $500 minimum spend in 3 months
- No Annual Fee
- Referrals earn $50 or 5k points
Is Chase Freedom only cash back?
Yes and no. If you only carry a Chase Freedom then it acts as a cash back credit card. However, if you carry any of Chase’s premium credit cards ( Chase Sapphire Preferred, Ink Business Preferred, Sapphire Reserve, etc ) you can move your Chase Freedom cash back into those accounts. Hence, the bonus being $150/15k – $150 as cashback, 15k if you move into an Ultimate Rewards account
Why get a Chase Freedom? 30k bonus points every year is why.
Every quarter, Chase Freedom has categories that earn 5x points/cashback on up to $1500. For instance this quarter you can earn 5x points at Gas Stations, Tolls, and Drugstores. Chase usually puts drugstores on the list once or twice throughout the year. This is the perfect time to stock up on gift cards to give to family and friends to celebrate special occasions. If you max your bonuses out each quarter, you can get $300 or 30k bonus points.
Interested…click here for my referral bonus. Or you can leave your referrals
Need help getting your referral? Go here
Referrals and 1099s
Do be aware that Chase has been sending out 1099s on referral bonuses. Meaning, you may end up owing taxes on your referral bonuses.
Here are all the cards with Referral Bonuses
Just think…if you signed up, maxed the 30k quarterly bonuses and your referrals – you’d have earned 95k points. Here’s 5 of our favorite uses
In case you’ve forgotten…
CHASE ULTIMATE REWARD TRANSFER PARTNERS
- British Airways
- Virgin Atlantic
- Jet Blue
- Aer Lingus
- Air France
- Ritz Carlton
ANA First Class Via Virgin Atlantic
One of the sweetest of sweet spots is flying ANA First Class through a Virgin Atlantic redemption. In fact, you can do it roundtrip starting at 110k from the West Coast. That is an unreal value.
Lufthansa First Class via Singapore Airlines or United
It now costs 95k Singapore miles, which is quite steep, but Singapore miles are one of the easiest currencies to accrue as they partner with all 4 major flexible point programs ( SPG, Chase, Citi, and Chase). Additionally, Singapore has comparatively low change fees, meaning you can book into business class as a backup, and when Lufthansa releases space ( roughly 14 days ahead of departure) swoop in. Alternatively, if you see space avail, and are willing to fork out a few more miles, but avoid fees – you can redeem 110k United for the same award.
Singapore Suites via Singapore Airlines
For 76k Singapore miles you can fly from JFK to FRA or vice versa, and experience one of the most aspirational first class experiences in the sky, Singapore Suites. It’s truly incredible. You can read our review here
68k Roundtrip Business Class to Europe with Iberia Avios
One of the great spots on Iberia’s award chart is flying business class from Chicago/East Coast to Madrid on Iberia’s own lie-flat business class. I just flew this route as part of my New Years in Europe trip.
Transfer to Air France for sweet-spot biz redemptions 52k-67.5k
Air France offers a great reverse herringbone business class that you can find on their 772, 773s, some A330s, and eventually on their A380s. You’ll be hard pressed for find a better way to fly across the pond. I was able to score a Paris to DC flight for just 55k points in January. Incredible deal IMO.
You’re welcome to leave your referrals at the bottom
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A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else (beginning 8/16/21)
♥3x on dining, including eligible delivery services, takeout and dining out (previously 2x – beginning 8/16/21)
♥3x on select streaming (beginning 8/16/21)
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs -(beginning 8/16/21)
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary (beginning 8/16/21)
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points. (beginning 8/16/21)