You are currently viewing How to Earn Extra Credit Card Rewards Through Referral Bonuses – The Motley Fool

How to Earn Extra Credit Card Rewards Through Referral Bonuses – The Motley Fool

If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Credit Cards
Banks
Check out our top picks of the best online savings accounts for August 2021.
Get Started!
Brokers
Crypto
Mortgages
Insurances
Loans
Before you apply for a personal loan, here's what you need to know.
Get Started!
Knowledge
by Lyle Daly | Updated Aug. 12, 2021 – First published on June 20, 2021
Image source: Getty Images
Know anyone interested in a new rewards card? Send them your referral link and you could score a bonus.

There are plenty of ways to maximize your credit card rewards. One to keep in mind is if your friends or family are thinking of applying for a rewards card, then you could get a referral bonus.
This can be a win-win for you and the person you refer. They get a recommendation for a credit card, and if their application is approved, you get bonus rewards. You can do this multiple times per year, so it's possible to earn quite a bit in rewards. And it's a quick, simple process for you and your referral.
Here how to get referral bonuses with your credit cards:
Remember that your referral must apply through the credit card referral link you send them. If they don't, you don't get the bonus.
Credit card companies limit how many referral bonuses you can receive per year. Five referrals is a common cap, but you can find the exact limit for your card on its referral page. Another common rule is that your account must be in good standing for you to be eligible for referral bonuses.
The exact referral process depends on the credit card company. You can find more details on how to get a referral bonus with the major card issuers below.
To start the referral process, log in to your American Express account. Scroll down below your account summary to see if your card has a referral offer available. If you have multiple American Express cards, check each one — not all cards are eligible for referral offers.
If there's an offer available, click "Refer Now." You can either enter your referral's first name and email address to have American Express send the offer, or you can copy the referral link and send it yourself.
Visit the Capital One Refer a Friend page. Log in to your Capital One account to get your referral link. Copy the link and share it with anyone you want to refer.
Visit the Chase Refer a Friend page. Find your Chase credit card on the list and click "Refer friends now" (or "Refer businesses now" if it's a business credit card). Enter your last name, zip code, and the last four digits of your Chase card. If your card is eligible for a referral offer, Chase will provide you with a referral link. Copy the link and share it with anyone you want to refer.
Visit the Discover Refer a Friend page. Log in to your Discover account to get your referral link. Copy the link and share it with anyone you want to refer.
A credit card referral should benefit both you and your referral. Here are a few tips so you can get as many referrals as possible without stepping on anyone's toes:
With rewards credit cards, it's smart to take advantage of every bonus opportunity. Every cardholder should know about referral bonuses. At a minimum, they can earn you rewards if someone you know wants a new credit card. If you have a large friends group, family, or social media presence, referral bonuses could help you collect a lot more in rewards every year.
If you have credit card debt, transferring it to this top balance transfer card secures you a 0% intro APR into 2023! Plus, you’ll pay no annual fee. Those are just a few reasons why our experts rate this card as a top pick to help get control of your debt. Read The Ascent's full review for free and apply in just 2 minutes.
Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Related Articles
Best Credit Cards for 2021
Compare Credit Cards Side by Side
How Do Cash Back Credit Cards Work?
How to Protect Yourself from Credit Card Fraud
Best Credit Cards for 2021
Compare Credit Cards Side by Side
How Do Cash Back Credit Cards Work?
How to Protect Yourself from Credit Card Fraud
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 – 2022 The Ascent. All rights reserved.
By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

source

Leave a Reply