Chexy’s Referral Status is a new feature introduced in January 2025 to reward you for referring friends and family to Chexy. It’s similar to loyalty programs like those for airlines or hotels, where you unlock new levels based on your activity. In this case, every referral you make gets you closer to earning a new Referral Status, which helps you save on Chexy processing fees.
What is Referral Status?
Referral Status is a tiered system where each new level you unlock brings you a discount on Chexy processing fees for your bills and payments. This includes payments like rent, insurance, car leases, daycare, and more. The more friends you refer, the higher your status and the better the discounts!
How Do You Unlock Referral Status?
Each time someone you refer activates their Chexy account, you move closer to unlocking the next Referral Status. The more people you refer, the faster you can climb through the levels.
No status (<3 referrals): 1.75% processing fee, no discount
Pink Status (3 referrals): 1.50% processing fee for the rest of the calendar year
Gold Status (5 referrals): 1.00% processing fee for the rest of the calendar year
Elite Status (10 referrals): 0.50% processing fee for the rest of the calendar year
Important Points:
- Annual Reset: Referral Status is based on a calendar year. This means that the status you unlock will be active for the remainder of the year, but it will reset every January.
- Discounts on Processing Fees: Each new Referral Status unlocks a discount on the fees Chexy charges for processing your bills and payments.
- Referral Count Matters: The more people you refer, the chance to obtain a higher status to save more.
Start referring today to unlock your Chexy Referral Status and start saving!