Chase Business Card Referral Bonus Increased to 40,000 Points
Chase has increased select business card referral bonuses to 40,000 points. Here is what changed, which cards appear to be included, and why you should avoid self-referrals even if you operate more than one business.
Chase has increased the referral bonus on select business cards to 40,000 points per approved card, according to Doctor of Credit. For people who already hold an eligible Chase business card, this can be a meaningful side benefit: the referrer earns points when an approved applicant uses their referral link.
What changed
The headline change is on the referrer side. Doctor of Credit reports that Chase business card referral links are now showing 40,000 points per approved card, with the annual referral cap increased to 200,000 points per year. That is up from the recent 20,000-point referral bonus and 100,000-point annual cap. The new applicant bonus was not reported as changed.
This matters most for cardholders who have friends, family members, or business contacts who were already planning to apply for a Chase business card. A higher referral bonus can make the referrer side much more attractive, while the applicant should still compare the public welcome offer against the offer shown through the referral link.
Cards to check
Doctor of Credit calls out Chase business card referrals for the four Ink cards and the Sapphire Reserve for Business. Chase referral availability can vary by account, and not every cardholder will necessarily see the same offer. Before sharing a link, check the bonus shown inside your own Chase referral flow.
For applicants, the important comparison is simple: do not assume the referral link is the best application offer. Check the referral landing page, the public Chase page, and any targeted offers you have available. If the applicant offer is worse through referral, the extra referrer points may not justify using that link.
Do not self-refer
Do not use your own referral link to apply for another Chase card. This is especially important for business cards because it can be tempting to think that multiple businesses create separate referral opportunities. The safer interpretation is that you cannot refer yourself, even if you operate more than one business.
Chase's own Refer-A-Business terms explicitly say that a referring business owner cannot refer another business that they own. Chase's consumer credit-card referral education page also frames referrals as links you send to a friend, not to yourself. Doctor of Credit has also previously noted Chase referral language warning that using your own referral URL to apply can make you ineligible for a bonus. Taken together, the practical rule is clear: avoid self-referrals.
Practical takeaways
- Check your own link. Referral bonuses are often account-specific, so verify the exact referrer payout before sharing.
- Compare applicant offers. The best referrer bonus does not always mean the best applicant welcome offer.
- Watch the new-customer rule. Since October 7, 2025, Chase business card referral bonuses have been limited to referrals of new Chase Business card customers, according to Doctor of Credit.
- Avoid self-referrals. Do not refer yourself, your own sole proprietorship, or another business you own.
- Expect tax reporting. Referral bonuses may be treated differently from signup bonuses, so keep records and watch for tax forms.
- Mind annual referral caps. Chase referral programs usually cap how much you can earn per calendar year, and the cap can vary by card.
Bottom line
A 40,000-point Chase business card referral bonus is strong if you have legitimate referrals and the applicant is getting a competitive offer. It is not a workaround for earning extra points on your own applications. If you have multiple businesses, treat them as still owned by you and avoid using your own referral link.