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Guide to credit card referral programs

Learn how to take advantage of credit card rewards and bonuses with a referral program.

If you want to share the benefits and features offered by your credit card with your loved ones, a credit card referral program (or programme) could be mutually beneficial. If approved, you could receive cash or other rewards and your friend would get the features of a new credit card and in some cases, cashback or bonus points.

Read on to find out the key points about referral programs, including how to make sure you don’t miss out on any rewards.

Compare credit cards with referral programs

Name Product Referral Program Reward Annual Fee Min Income - Singaporean and PR
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Earn 1.2 KrisFlyer miles per S$1 spent on local purchases, with no cap.
S$337.05 annual fee
S$50,000
Get a complimentary stay at Sofitel Singapore Sentosa Resort & Spa, Luxury Room (worth up to S$460++) when you spend S$5,000 within the first three months and an additional 10,000 KrisFlyer miles if you are new to American Express. T&Cs apply. Valid until 31 January 2022.
American Express Singapore Airlines KrisFlyer Credit Card
For every S$1 spent, earn 1.1 KrisFlyer miles on all eligible purchases, 2 KrisFlyer miles in foreign currency spent overseas during June and December.and 3.1 KrisFlyer miles on eligible Grab Singapore transactions.
S$0 annual fee for the first 1 year and S$176.55 thereafter
S$30,000
Get up to 13,300 KrisFlyer miles with a minimum spend of S$3,000 in your first 3 months and an additional complimentary one-night stay at Andaz Singapore with breakfast for 2 (worth up to S$440++) if you are new to American Express. T&Cs apply. Valid until 31 January 2022.
American Express Platinum Credit Card
Refer a friend and get S$120 statement credit. Your friend will receive up to S$250 statement credit upon spend of S$2,000 in the first 3 months membership and paying the full annual fee. Ends 31 Dec 2021.
Up to 50% off your food bill for unlimited visits at hotels around Singapore
S$321 annual fee
S$80,000
Get a complimentary 1-night stay at The Fullerton Hotel, Premier Courtyard room (worth up to S$600) with a minimum spend of S$5,000 in your first 3 months of card membership, and an additional S$200 in statement credits upon annual fee payment. Valid until 31 January 2022.
American Express CapitaCard
Earn 50,000 STAR$ (worth S$50 eCapitaVoucher) per successful referral. Your friend will get 50,000 STAR$ (worth S$50 eCapitaVoucher) upon spend of S$2,000 in the first 3 months of membership. T&Cs apply.
Earn up to 3% rebate (6X STAR$) at participating merchants in CapitaLand Malls in town.​ An additional 5% rebate (10X STAR$) at participating STAR$ X’tra Partners in CapitaLand Malls.​
S$0 annual fee for the first 1 year and S$171.20 thereafter
S$30,000
New members can receive 150,000 STAR$ while existing members can get 50,000 STAR$ upon S$1,500 minimum spend within the first 3 months of card approval. T&Cs apply. Ends 31 January 2022.
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Compare up to 4 providers

Name Product Referral Program Reward Annual Fee Min Income - Singaporean and PR
Citi PremierMiles Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Earn 1.2 Citi Miles for every S$1 spent locally and 2 Citi Miles for every S$1 spent overseas.
S$192.60 annual fee
S$30,000
Get 45,000 miles when you spend S$9,000 in the first 3 months. Annual fee applies.
Citi Cash Back Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Get up to 20.88% fuel discounts at Esso and Shell, 6% cashback on dining and 8% cashback on groceries.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply.
Citi SMRT Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Up to 5% savings on groceries, online shopping, taxis (including private hire rides), and EZ-Link Auto Top-up/SimplyGo. Plus, 0.3% savings on all other spend
S$0 annual fee for the first 2 years and S$192.60 thereafter
S$30,000
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. T&Cs apply. End 30 Nov 2021.
Citi Rewards Credit Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
10X Rewards on eligible online and retail purchases, capped at 10,000 points per statement month.
1X Rewards for other retail purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Get 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. T&Cs apply. Ends 31 Oct 2021.
Citi Prestige Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Deals and discounts in more than 90 countries. Also, get six complimentary golf games across Asia
S$535 annual fee
S$120,000
Get a welcome gift of 62,500 Citi ThankYou Points (25,000 Miles) or Gadget Welcome Gift. T&Cs apply. Ends 31 Dec 2021.
Citi Lazada Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Earn 10x rewards on eligible Lazada purchases and 5x rewards on qualifying dining, entertainment and commute purchases
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
New customers can get up to S$250 Lazada & RedMart vouchers upon minimum spend of S$250. T&Cs apply. Ends 31 Oct 2021.
Citi Cash Back+ Card
Receive S$120 per successful referral and up to S$1,200 bonus for further successful referrals. T&Cs apply. Ends 31 Dec 2021.
Get up to 20.88% fuel discounts at Esso and Shell and 1.6% cash back on eligible retail purchases.
S$0 annual fee for the first 1 year and S$192.60 thereafter
S$30,000
Receive 4.5% cash back on up to S$5,000 spend (up to S$225 cash back) in the first 3 months. T&Cs apply. Valid until 30 Nov 2021.
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Compare up to 4 providers

What is a credit card referral program?

A credit card referral program rewards credit card users who want to share card perks with their family members or friends. If your referee is approved for the credit card, you could receive rewards. Depending on the bank and the specific card you have, these rewards could include cashback, miles, points or shopping vouchers.

Keep in mind, the person you’re referring must meet all of the eligibility requirements for the card they’re applying for. They also can’t have a credit card with the same bank and in many cases cannot have held a card with that bank in the previous one to two years. Once they’re approved for the card, they may have to meet a minimum spend requirement before you can receive your bonus.

Does the referee receive a bonus?

It depends on the referral program. In some cases, the person you refer may receive a cashback bonus, free luggage, reward points, shopping vouchers or cash credit in their account. In other cases, only the referrer receives a bonus.

Which banks offer referral programs?

Most of the major banks in Singapore offer a referral program, but the rewards vary greatly and change often. Make sure to check what rewards your bank offers before referring a friend.

The following credit card referral programs may be available in Singapore (as of 8 September 2020):

  • Citibank. The Citibank Referral scheme offers S$100 cash per successful referral. Plus, get the chance to earn up to S$500 in cash bonuses.
  • American Express. You could earn KrisFlyer miles or Membership Rewards points depending on the credit card product.

How can I refer a friend?

If you’re interested in taking advantage of your bank’s referral program, check its website for specific directions.

Generally, the referral process includes the following steps:

  1. Have your family member or friend apply for the relevant card. Make sure this person meets all eligibility requirements for the referral program and the specific credit card.
  2. Make sure your friend fills out your details under the “referral” or “referrer” section of their application.
  3. Once your friend has been approved for the card, they must meet any necessary spending requirements in order for you to receive your reward.
  4. The bank will award your referral bonus. Depending on the type of reward, it may be credited to your account or rewards program.
OR
  1. Generate a unique referral link through the bank website and share this link with your friends or family.
  2. Have your friend follow the link and fill out the card application.
  3. Once your friend has been approved for the card, they must meet any necessary spending requirements in order for you to receive your reward.
  4. The bank will award your referral bonus. Depending on the type of reward, it may be credited to your account or rewards program.

What to look out for

It’s important to know all the details of your bank’s referral program to make sure you get the maximum reward and don’t miss any fine print.

  • Referral cap. Most referral programs have a referral cap. Check the terms and conditions for your bank’s program to find out how many people you can refer and if there’s a cap for the number of points, cashback amount or other rewards you can receive.
  • Dependent on approval. Your reward is contingent on the approval of your referee’s application. Keep in mind, the bank generally cannot inform you if your friend’s application has been approved or declined due to privacy and confidentiality.
  • New members only. Referral programs are generally only open to friends or family that qualify as new members. This means the people you refer cannot hold a current card from your bank and cannot have held a card by that bank in the previous one to two years.
  • Spending requirements. The person you refer may be required to satisfy a minimum spending requirement using their new card in order for you to receive your bonus. If you’re referring a friend, make sure they’re aware of any spending requirements. Keep in mind, there’s always a possibility the referee won’t meet this requirement and you won’t be eligible for rewards.

Ready to refer friends or family members who are interested in getting a credit card? Follow the instructions for your bank’s referral program to get started.

If your family member or friend isn’t sure which card would best suit their needs, they can use Finder to start comparing credit cards today.

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