Chase vs SoFi Referral Bonus (2026)
A detailed comparison of Chase ($50–$100 per referral) and SoFi ($50–$75 per referral) in the Banking category.
Last updated:
Verdict: Chase Edges Ahead
Both Chase and SoFi offer competitive referral programs. Chase edges ahead with a 4.5-star rating.
Side-by-Side Comparison
| Feature | Chase | SoFi |
|---|---|---|
| Referrer Bonus | $50–$100 | $50–$75 |
| Referee Bonus | $100–$300 | $50–$300 |
| Payout Type | Cash | Cash |
| Commission Type | One-Time | One-Time |
| Max Referrals | 10/year | unlimited |
| Max Earnings | $1,000/year | unlimited |
| Conversion Difficulty | Medium | Medium |
| Rating | 4.5 | 4.4 |
| How to Refer | Log in to Chase.com or the Chase app, find the referral section under 'Refer a friend,' and share your unique referral link via email, text, or social media. | Log in to the SoFi app, go to the Invite Friends section, and share your referral link via email, text, or social media. |
| Referee Requirements | Must open a new Chase checking or savings account and set up direct deposit or meet minimum balance requirements within 90 days. | Must open a new SoFi Checking & Savings account and set up direct deposit of at least $1,000 within 30 days. |
| Last Verified |
Pros & Cons
Chase
Pros
- +Strong brand recognition makes Chase easy to recommend
- +Generous $50–$100 per referral with up to $1,000/year potential
- +Both checking and savings referrals available
- +Cash bonus deposited directly to your Chase account
Cons
- −Capped at 10 referrals per year
- −Referrals must complete qualifying activities within 90 days
- −Only available to existing Chase customers
SoFi
Pros
- +High per-referral bonus of $50–$75
- +No cap on number of referrals
- +SoFi's competitive rates make it easy to recommend genuinely
- +Bonus paid as cash directly to your SoFi account
Cons
- −Referral must set up $1,000+ monthly direct deposit
- −30-day window for qualifying action is tight
- −Bonus amounts change frequently with promotions
Detailed Program Breakdowns
Chase Referral Program
Earn $50 to $100 cash for each friend who opens a qualifying Chase checking or savings account using your referral link.
Max earnings: $1,000/year
Max referrals: 10/year
SoFi Referral Program
Earn $50–$75 when a friend opens a SoFi Checking & Savings account and sets up direct deposit using your referral link.
Max earnings: unlimited
Max referrals: unlimited
Our Recommendation
Chase edges ahead with a 4.5/5 rating, making it our top pick in this comparison. It offers $50–$100 per referral with cash payouts.
That said, SoFi is still a solid program worth considering. The best choice ultimately depends on your audience — promote the platform your referrals are most likely to sign up for, as conversions matter more than raw bonus amounts.
For best results, consider promoting both programs and recommending whichever fits each individual referral's situation. Many successful referrers maintain active links for multiple programs in the same category.
Frequently Asked Questions
- Which referral program pays more, Chase or SoFi?
- Chase offers $50–$100 per referral while SoFi offers $50–$75 per referral. Based on the maximum bonus value, Chase has the higher earning potential per referral.
- Is Chase or SoFi easier to refer friends to?
- Chase has a medium difficulty level while SoFi has a medium difficulty level. Both programs have similar conversion difficulty.
- How do Chase and SoFi pay referral bonuses?
- Chase pays referral bonuses as cash with a one-time commission structure. SoFi pays as cash with a one-time commission structure.
- Can I promote both Chase and SoFi referral programs?
- Yes, you can promote both Chase and SoFi referral programs simultaneously. Many successful referrers promote multiple programs in the same category and recommend different options to different audiences based on their needs and preferences.
- Which has a higher rating, Chase or SoFi?
- Chase has a 4.5/5 rating while SoFi has a 4.4/5 rating on RefPerks. Chase is rated higher overall. Ratings reflect the quality of the referral program from a referrer's perspective, including payout reliability, bonus amounts, and ease of conversion.
Related Comparisons
Explore more side-by-side comparisons in the Banking category.
Cash App vs Chase Referral Bonus Comparison
A detailed comparison of Cash App ($5–$15 per referral) and Chase ($50–$100 per referral) in the Banking category.
Chase vs Chime Referral Bonus Comparison
A detailed comparison of Chase ($50–$100 per referral) and Chime ($100 per referral) in the Banking category.
Chase vs Discover Referral Bonus Comparison
A detailed comparison of Chase ($50–$100 per referral) and Discover ($50 per referral) in the Banking category.
Cash App vs SoFi Referral Bonus Comparison
A detailed comparison of Cash App ($5–$15 per referral) and SoFi ($50–$75 per referral) in the Banking category.
Chime vs SoFi Referral Bonus Comparison
A detailed comparison of Chime ($100 per referral) and SoFi ($50–$75 per referral) in the Banking category.
Discover vs SoFi Referral Bonus Comparison
A detailed comparison of Discover ($50 per referral) and SoFi ($50–$75 per referral) in the Banking category.
Explore Each Program
Get the complete breakdown of each referral program, including detailed tips, step-by-step referral instructions, and earning strategies.
Referral program terms may change. Verify current offers on the official website.