Chase has recently launched a new cross-referral program for its Sapphire Reserve and Sapphire Preferred credit cards. This program lets cardholders refer friends and family to either card and earn bonus points when they are approved. So, If you have a Sapphire Reserve card, you can refer friends to either the Sapphire Reserve or Sapphire Preferred. Similarly, Sapphire Preferred cardholders can refer friends to both cards. It’s a great way to share the benefits and earn extra points.
To find your cross-referral link, visit the Chase referral webpage. Enter your last name, zip code, and the last 4 digits of your Sapphire Reserve or Preferred card, then click the Continue button. It’s easy to use and provides you with a personal link to share. You can earn 15,000 points for each person you refer who gets approved for a card, up to a maximum of 75,000 points per year.
Chase Sapphire Reserve and Sapphire Preferred Comparison:
Here is a a side-by-side comparison of the key features of the Sapphire Preferred and Sapphire Reserve cards [link]:
| Features | Sapphire Preferred | Sapphire Reserve |
|---|---|---|
| Annual Fee | $95 | $550 |
| Annual Credit | $50 (Ultimate Rewards Hotel Credit) | $300 Travel Credit |
| Partnership Benefit Value | $200 in additional partner value | $1,200 in additional partner value |
| Hotels and Car Rentals (Chase) | 5x points on hotels and car rentals purchased through Chase Portal | 10x points on hotels and car rentals purchased through Chase Portal |
| All Other Travel Purchases | Earn 2x points on other travel purchases, from airfare and hotels to taxis and trains. | Earn 3x points on other travel purchases, from airfare and hotels to taxis and trains. |
| Dining Purchases | 3x points on dining 3x points on Chase Dining | 3x points on dining 10x points on Chase Dining |
| Value on Travel Redemptions | 25% more value on travel | 50% more value on travel |
| Airport Lounge Access | No | Yes |
| Global Entry, TSA PreCheck Fee Credit | No | Yes |
| Private Dining Series | No | Yes |
| VIP Access to Events | No | Yes |
| Anniversary Points Boost | 10% anniversary points boost | No |
| Streaming Purchases | 3x points on select streaming services | 1x points on all streaming services |
| Online Grocery Purchases | 3x points on online grocery purchases | 1x points on online grocery purchases |
| Lyft Purchases | 5x points on Lyft | 10x points on Lyft |
| DoorDash DashPass Subscription | Check Mark*Opens Sapphire Preferred Offer Details Modal | Check Mark**Opens Sapphire Reserve Offer Details Modal |
| Instacart+ Membership | 6 months | 12 months (Plus, Instacart+ members earn up to $15 in statement credits each month through July 2024.) |
| Travel Protection Benefits | Yes | Yes |
| Extended Warranty Protection | Yes | Yes |
| Purchase Protection | Yes; Restrictions, limitations and exclusions apply. | Yes; Restrictions, limitations and exclusions apply. |
| 1:1 Point Transfer to Leading Airline and Hotel Loyalty Programs | Yes | Yes |
| $0 Foreign Transaction Fees | Yes | Yes |
Strategic Approaches to Maximize Referral Benefits
Tips for Successful Referrals
Make sure to share your cross-referral links with friends and family to get the most out of this cross-referral feature. Talk about the benefits of these credit cards during special occasions or when discussing travel. This makes the referral process feel natural and appreciated. Teach people about why the Sapphire Reserve and Sapphire Preferred cards are great, increasing the chances of successful referrals. The cross-referral feature is a handy tool to boost the advantages of these popular credit cards, helping you earn more points for your next vacation or helping your friends get special perks.
Modified Double Dip Technique
Although discussed in online forums such as Reddit, this strategy carries a level of risk and is not generally recommended. It’s important to note that there’s a chance that all your Chase cards will be closed, so proceed with caution. Having this information allows individuals to make informed decisions, but exercising caution and carefully evaluating the risks is critical.
Chase typically has a 48-month waiting period for sign-up bonuses on Sapphire cards. This means that if you get a bonus for one, you won’t be able to get a bonus for the other for the next 48 months. The Modified Double Dip (MDD) method, on the other hand, allows you to potentially receive both sign-up bonuses if you submit your applications correctly.
To do both the Modified Double Dip (MDD) and receive the referral bonus, you need to:
- Go to the Chase referrals page to get unique links for the Sapphire Reserve and Sapphire Preferred cards.
- Apply for your first Sapphire card.
- Apply for your second Sapphire card on the following calendar day after the approval of your first application. Ensure that the second application is approved on the same day.
- Note: It’s recommended to initiate Step 1 between Monday and Thursday, aligning both steps with weekdays when recon and verification lines are adequately staffed.
- Note 2: Although not mandatory, completing both steps within 24 hours may result in a single hard pull on your credit.
- Note 3: While the CSR+CSP combination is popular, this technique can be adapted for acquiring two Southwest cards or any pair of Chase personal cards when you are at a 4/24 status.
In a Nutshell
Taking advantage of the cross-referral feature by sharing your unique links with friends and family is an excellent way to maximize the benefits of Chase’s Sapphire Reserve and Sapphire Preferred cards. You can make the referral process more seamless and increase the likelihood of successful referrals by incorporating these discussions into special occasions or travel-related conversations. However, certain advanced strategies, such as the Modified Double Dip (MDD), must be approached with caution. While these methods are discussed in online communities such as Reddit, they are not without risk. If you use the MDD technique, all of your Chase cards may be closed. While being aware of these discussions is beneficial, it is critical to emphasize the potential consequences.
New to earning miles and points? Read my tips on how to collect them effortlessly [link].
Disclaimer: Please note that the referral link included in this article is a part of the Chase referral program. By using this link to sign up for the Chase Card, the author may earn referral rewards or bonuses. Your support through these referrals is greatly appreciated and helps to maintain the quality of content on this platform.Furthermore, this article is neither sponsored nor paid.
