Chexy offers different Referral Status Levels that reward you with discounted processing fees based on how many friends and family you refer. The more people you refer, the higher your status and the bigger your savings. Here’s a breakdown of each status level and the discounts you can unlock.
Referral Status Levels & Discounts
1. No Status (< 3 Referrals)
- Processing Fee: 1.75%
- Discount: No discount
- Details: If you’ve referred fewer than 3 people, you don’t have a referral status yet, so you’ll pay the standard processing fee.
2. Pink Status (3 Referrals)
- Processing Fee: 1.50%
- Discount: 0.25% off the standard processing fee
- Details: After referring 3 people, you unlock Pink Status for the rest of the calendar year. You’ll pay a reduced processing fee of 1.50% instead of the standard 1.75%.
3. Gold Status (5 Referrals)
- Processing Fee: 1.00%
- Discount: 0.75% off the standard processing fee
- Details: With Gold Status, earned after referring 5 people, you’ll enjoy an even greater discount, with your processing fee reduced to 1.00% for the rest of the calendar year.
4. Elite Status (10 Referrals)
- Processing Fee: 0.50%
- Discount: 1.25% off the standard processing fee
- Details: Reaching Elite Status with 10 referrals brings you the biggest savings, reducing your processing fee to just 0.50% for the rest of the year.
Start referring today to unlock a higher status and start saving more on your processing fees!