In January, Chase introduced a new feature for Chase Sapphire cardholders, allowing them to refer someone for either card in the Chase Sapphire card family; the CSP or Chase Sapphire Reserve. However, this week, Chase has reduced the referral bonus from 15,000 to 10,000 points, effective immediately.

The frustrating part is that similar to how AMEX can change their referral bonuses, you can now only refer up to 7.5 people annually instead of the previous 5 for all Chase cards. This means that your last referral could possibly only yield partial points of 5,000 points instead of the full 10,000 since the annual amount remains unchanged for 75,000 Ultimate Rewards points total.