Chase is offering 5,000 Ultimate Rewards for each person that existing cardholders refer to the Sapphire Preferred, Sapphire, or Freedom cards. You can earn up to 50,000 Ultimate Rewards from this promotion.

I recently downgraded my Sapphire Preferred to a Freedom, so I only have a referral link for the Freedom. If you have a Sapphire Preferred or a Sapphire, I’d be happy to feature your tweeted referral links in this post.

How can you earn up to 50,000 Ultimate Rewards?

1. Go to Chase Refer a Friend and type in your info.

2. Underneath the email and name boxes, look for “Or spread the word even faster:” and click the twitter icon.

3. Follow @milevalue and tweet your referral link tweet with an @milevalue.

4. I’ll embed a few in this post I’ve embedded a few in this post, and that’s probably all I’ll get to, so that people can click those links and earn readers Ultimate Rewards.

Why You’d Want to Get the Freedom

The Chase Freedom comes with 10,000 Ultimate Rewards after spending $500 in the first three months.

Most people get the card not because of the sign up bonus, but because of the rotating 5x categories. Every three months, you can get 5 Ultimate Rewards per dollar in new spending categories on your first $1,500 of spending. Max out the categories each quarter, and that’s 30,000 Ultimate Rewards per year. (For October-December, the 5x category is and these department stores.)

The Ultimate Rewards earned on a Freedom are not transferable to airlines or hotels. That’s why to get maximum value from a Freedom, you need to have a Sapphire Preferred, Ink Bold, or Ink Plus. Transfer the Ultimate Rewards from your Freedom to one of those cards, and then you can transfer them 1:1 to United, British Airways, Korean, Southwest, Virgin Atlantic, Hyatt, Amtrak, and more.

The Freedom has no annual fee.

Here’s my referral link to earn me Ultimate Rewards if you get a Freedom:

Why You’d Want to Get the Sapphire Preferred

The Sapphire Preferred is one of the best all around rewards cards.

It comes with 40,000 transferable Ultimate Rewards after spending $3k in three months, and it earns 2x Ultimate Rewards on travel and dining, both of which are generously defined.

Additionally, it offers a 7% points dividend at the end of the calendar year on points earned that calendar year.

I also love that it has no foreign transaction fees, since traveling is one of my minor hobbies. 😉

The card has no annual fee the first year, then $95.

Here are some referral tweets from readers.

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