Update 10/3/25: People have noticed that the terms seem to already be updated to exclude those who refer existing Chase Business cardholders. Not clear if it already went into effect or if they just updated the wording. My guess would be that you will still get the points through October 6th, but who really knows.
Original Post 7/2/25:
Chase offers a referral bonus when referring a friend to a personal or business Chase card. Beginning on October 7, 2025, there is a change for business referrals: the referrer will only get a bonus if the friend is a new Chase Business card customer.
You can find this wording when seeing the referral within your login:
Effective October 7th, 2025, you will be eligible to receive referral bonus awards for new Chase Business card customers only. Referrals of individuals with existing Chase business card accounts will no longer qualify for the referral bonus.
RIP. The referral angle really spruced up the bonuses. We still have a few more months to maximize until October 7th.
A few notes:
- It sounds to me that the friend would have to have a current open Chase business card to be excluded. If the friend once had a Chase business card and no longer holds any, then the referrer would likely be eligible for the referrer bonus.
- If the friend has a Chase business checking or savings account that should not be excluded as only business cardholders are mentioned in the exclusion.
- Again, none of this affects the sign up bonus for the new member/business.
- It also does not affect the referrer bonus on Chase personal cards.
- For now, it appears this is only affecting Chase Ultimate Rewards business cards, not cobranded business card referrals.
Hat tip to InevitableOk7737
