Overview
The Platinum referral boost is a promotion for Platinum members. When you refer a friend who joins Plasma One as a new Platinum member, you earn 3% referral cashback on their eligible card spend, 3x the standard Platinum referral rate.
The boosted 3% rate applies until either you earn $300 in boosted referral cashback from that referral or 90 days pass, whichever comes first. After that, your referral cashback continues at the standard Platinum rate of 1% for the remainder of your 6-month referral period.
Who is eligible?
To earn the boosted rate:
You must be a Platinum member when you refer your friend
Your friend must be on Platinum within 90 days of signing up, either by joining directly on Platinum or by upgrading within that window
If your friend doesn't reach Platinum within 90 days of signup, the boost expires and you earn referral cashback at the standard rates instead.
How the boost works
Share your referral code from the Tiers tab > Invite Friends
Your friend signs up as a new user with your code and joins on Platinum
Once they complete identity verification, activate a card, and make a first eligible purchase, the referral qualifies
You earn 3% cashback on their eligible card spend until you've earned $300 in boosted cashback from that referral or 90 days have passed since your code was used, whichever comes first
Your referral cashback then continues at the standard 1% Platinum rate through to the end of month 6
The 90-day boost window always runs from your friend's signup date (when your referral code is used). It does not restart when they upgrade to Platinum. The later they upgrade, the less of the boost window remains.
When does the boost end?
The 3% boosted rate ends when the first of these happens:
Limit | Detail |
Cashback cap | $300 in boosted referral cashback earned |
Time limit | 90 days from when your code is used |
Either way, you keep earning referral cashback at the standard 1% Platinum rate until the end of your 6-month referral period. The boost applies per qualifying referral, and the clock starts fresh for each friend you refer.
How is boosted cashback paid?
Boosted referral cashback works exactly like standard referral cashback: it accrues on your friend's captured (settled) card transactions and is paid out weekly (currently on Thursdays) in XPL. Rewards may remain pending for several days after a transaction posts and vest only at the end of the pending period.
The following do not count toward boosted cashback:
Transactions that are authorised but not yet captured
Refunded transactions
Transactions sent to another wallet (i.e., "Send" transactions)
Does this replace the $10 referral bonus?
No. The Platinum referral boost is separate from the $10 referral bonus. If your friend also spends $100 within their first 14 days, you both still receive the $10 bonus in your USD cash balance as usual.
Tracking your boosted cashback
You can track your referrals and earnings from the Tiers tab. Boosted Platinum referral cashback appears as its own line item in your rewards payouts, so you can see exactly what you've earned from the boost versus standard referral cashback.
Frequently asked questions
My friend signed up on Core and upgraded to Platinum a week later. Do I get the boost?
Yes, as long as they upgrade to Platinum within 90 days of signing up. Keep in mind the 90-day boost window runs from their signup date, not from when they upgrade, so upgrading sooner means more time on the boosted rate.
Does the boost apply to friends I referred before the promotion started?
No. The boost applies to new qualifying referrals only.
Can I earn the boost on more than one referral?
Yes. Each qualifying referral has its own $300 cap and 90-day window.
How much would my friend need to spend for me to hit the $300 cap?
$300 at 3% corresponds to $10,000 of eligible spend by your friend within the 90-day window.
Terms
Full details on cashback eligibility, referral conditions, and tier benefits are in the Plasma One Rewards Addendum.
Rates, amounts, limits, eligible merchants and perks are the parameters currently in effect. They are variable and may change prospectively in accordance with the Plasma One Rewards Addendum.
XPL is a digital asset. It is not legal tender, is not a bank deposit, is not government-backed, and is not FDIC or FSCS insured. Its value can fall as well as rise and may decline to zero.
UK users: Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. See the additional disclaimers here.