The Sapphire Reserve Card has been added to Chase's Refer-a-Friend Program. For every person that applies and is approved through your personal referral link, you'll earn 10,000 Ultimate Rewards. The maximum bonus points you can earn through Sapphire Reserve referrals per year is 50,000.

The Referral Offer
The sign up offer for the Chase Sapphire Reserve® through Refer-a-Friend is the same as the public offer: 50,000 Ultimate Rewards for spending $4,000 on the card within three months of account opening. That is what your friend will earn.