Chase vs SoFi Referral Bonus (2026)
A detailed comparison of Chase ($50 per referral) and SoFi ($75 per referral) in the Banking category.
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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 | $75 |
| Referee Bonus | $100–$300 | $25 |
| Payout Type | Cash | Cash |
| Commission Type | One-Time | One-Time |
| Max Referrals | 10/year | unlimited |
| Max Earnings | $500/year | unlimited |
| Conversion Difficulty | Medium | Easy |
| 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 be a new Chase checking customer, open a qualifying checking account through your personalized link, and complete the offer's direct deposit or activity requirements. | Must open a new SoFi Checking & Savings account through your link and deposit at least $10 within 14 days. (SoFi separately offers a larger direct-deposit welcome bonus that can stack with this referral.) |
| Last Verified |
Pros & Cons
Chase
Pros
- +Strong brand recognition makes Chase easy to recommend
- +Flat $50 per checking referral, up to $500/year
- +Cash bonus deposited directly to your Chase checking account
- +Friend also receives a sizable new-customer checking bonus
Cons
- −Capped at 10 referrals per year ($500 max)
- −Checking referrals only — no separate savings-account bonus
- −Only available to existing Chase checking customers
SoFi
Pros
- +Flat $75 per-referral bonus
- +No cap on number of referrals
- +Low bar for friends — just a $10 deposit within 14 days
- +Bonus paid as cash directly to your SoFi account
Cons
- −Referrer must have a SoFi checking account to qualify
- −Friends must use your link and deposit within 14 days
- −Bonus amounts can change with promotions
Detailed Program Breakdowns
Chase Referral Program
Earn $50 cash for each friend who opens a qualifying Chase checking account using your personalized referral link.
Max earnings: $500/year
Max referrals: 10/year
SoFi Referral Program
Earn $75 when a friend opens a new SoFi Checking & Savings account with your referral link and makes a qualifying initial deposit.
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 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 per referral while SoFi offers $75 per referral. Based on the maximum bonus value, SoFi 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 easy difficulty level. SoFi is generally easier to convert referrals for.
- 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.
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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.