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Chase Updates Credit Card Terms to Prevent Self Referrals

DDG
DDG

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Chase Updates Terms to Prevent Self Referrals

Chase Updates Terms to Prevent Self Referrals

Referral bonuses are a great way to earn extra points from credit cards that you already have. You generate a referral link and give it to your friends or family members. They earn a signup bonus, and you receive a referral bonus. What is you use that same link yo apply yourself?

When referring yourself, things can get tricky. American Express started clawing back referral bonuses last year and even blocking people from referring altogether if they had used self referrals. Now Chase has added terms to credit cards to stop self referrals.

Most Chase credit cards now have the following fine print:

You are not eligible for a referral bonus if you use your own referral URL to apply for a different card.

The Chase Ink Business Preferred Card seems to be one of the cards that doesn’t have this language in the terms yet. But it is probably best to avoid self referrals from now on. Hopefully the rule is not applied retroactively.

HT: Doctor of Credit

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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