I’ve been seeing these posts about referring friends for a Chase Ink Plus card and they’ll get 70,000 points for spending $5,000 in three months AND you’ll get 10,000 points for every friend you refer.

I was tempted. I started a mental list of friends who have their own business who could use this card. Then I stopped myself right there.

First, none of these friends collect points and miles (that I know of). I don’t know if they would even be interested in starting to do that. Obviously I think it’s a good idea, but what works for us isn’t what works for everyone.

Second, I don’t know any of these friends financial situation enough to recommend they get another credit card. I don’t know how much debt they already have. I don’t know their credit card habits. Do they pay it off every month or do they carry a balance? Would getting another card be more detrimental to them than helpful? Do they have a good, bad, or average credit score? I can’t answer any of those questions.

To some people, hitting a $5,000 minimum spend (and paying it off) in three months is easy, but that’s something I can’t say for sure for my friends. Would it be a struggle for them to hit the minimum spend? Would they do it no matter what even if it put them in further debt they don’t need? I am many things, but one thing I’m not is psychic, so I don’t know those answers.

Ultimately, I can’t try to “sell” this to my friends. Getting referral points is awesome and all, but I don’t want to encourage something that, for all I know, may be the worst thing for them to do in their current situation.

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