Chase: no more self-referrals

Chase has added terms to some referral links indicating that you are not eligible for a referral bonus if you use your own referral URL to apply for another card. While the language doesn’t appear on all referral links, its appearance on some is a good indication that self-referral is a bad idea.

Last year, Amex unexpectedly clawed back points from people who had used their own referral links to open new accounts during. Chase appears to be taking a more pragmatic approach in adding terms to the offers as a warning first. Hopefully they will not follow the Amex example of clawing back retroactively.

Personally, I’ve never bothered with this as it didn’t seem worth risking all of my Chase accounts over one or two referral bonuses. I’d recommend avoiding this behavior even in those situations where terms do not yet expressly forbid it.

H/T: Doctor of Credit

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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I guess I never even thought about doing this…not worth it anyway

Paul Davis
Paul Davis

What about referring a spouse?