Who doesn’t love free money? What if we told you that you could earn $50 for every friend or family member you refer to for a credit card – with almost no effort on your part? Keep reading to find out how.
We all know people who are looking for a new credit card. Your sibling just graduated college and needs to build their credit. Perhaps your mom wants to consolidate debt into a lower-interest card. Or your buddy wants a travel rewards card to rack up free flights.
Whatever the case, people you know are likely searching for the right card. Meanwhile, you’re missing out on getting paid for those referrals. Credit card companies will pay you $50 or more to recommend someone you know.
But only if you take a few simple steps first...
Why Making Referrals is So Lucrative
Getting paid to refer credit cards is straightforward once you know where to look. We're just sending an email or text with your custom referral link. When your contact signs up, cash automatically appears in your account.
Even better, some cards pay out referral bonuses multiple times per year. You could earn $100, $200 or more annually for every person you refer. That adds up fast since you can refer to as many people as you want.
Sounds too good to be true? Just wait until you see how simple the process is.
How do you score $50 for every referral?
To start earning easy money, follow this step-by-step guide:
● Find the Best Card for Referrals
Not all credit cards offer lucrative referral bonuses. To maximize your earnings, search for ones paying $50+ per referral.
The Blue Cash Preferred from American Express is a great option, paying $50 per sign-up. Chase also has cards like the Chase Ink that pay $100 or more per referral.
Pick one or two to focus on once you’ve identified cards with the best offers.
● Get Your Personalized Referral Link
Now’s the fun part: scoring your very own custom referral link. Log into your card account and find the “Refer a Friend” section.
Every company makes it easy to access. Then, grab the unique link they generate, which attaches your name/account to any new applicants.
● Share the Link with Friends & Family
Time to spread the word! Start sending out your link via text, email, social media, or however you usually communicate. When sharing, emphasize how the card solves a specific need depending on who you refer to.
Consider highlighting exceptional travel perks for jet setter buddies or lucrative cash back for savvy shoppers.
● Get Paid Once Your Referrals Are Approved!
Finally, watch for bonus cash once your contacts are approved for new cards. Most companies issue referral payouts within 45-90 days of application approval.
And remember, some cards allow unlimited referrals, so keep spreading the word!
Take Action Now to Get a $50 referral Bonus.
As you can see, scoring easy money through credit card referrals barely requires any work. Just spend an hour or two researching the best referral cards and share your custom links whenever possible.
With numerous contacts getting new cards each year, this is guaranteed money left on the table if you don’t take action. So, lock in those bonus payouts today!
