What is Referral Code Meaning & How to Get a Code

In today’s competitive market, ‘Referral Code’ stands out as a key strategy for businesses. These codes, a mix of letters and numbers, do more than just offer discounts. They connect happy customers with new ones, turning personal recommendations into real benefits.

In a world where trust matters most, referral codes are becoming a crucial way for both big and small businesses to grow and keep their customers loyal.

Think of it this way: when you really like a product, sharing your experience can now bring rewards. Referral codes make every customer a potential promoter of the brand, with each shared code creating a chance for both the brand and the customer to benefit. let’s explore the concept of referral code.

Meaning of Referral Code


Let me tell you a story that’s unfolding in the bustling world of marketing today. It’s about a simple yet powerful tool called ‘Referral Codes’.

You buy a product and love it so much that you tell your friends about it. But here’s the twist – when your friends buy the product using a special code you shared, both you and your friends get rewards. This is the magic of referral codes.

In our story, these codes are like secret keys. They unlock benefits for everyone – customers become heroes who spread the word, and in return, they earn rewards.

where your satisfaction with a product doesn’t just end with personal gratification but extends into a rewarding journey of sharing and earning.

This is the essence of referral codes – a simple yet powerful mechanism that turns every customer into a brand ambassador, every purchase into a potential referral, and every referral into a win-win for both the brand and the customer.


In the world of marketing, ‘Referral Codes’ and ‘Referral Links’ are like two sides of the same coin. Both are used to attract new customers and reward existing ones, but they work in slightly different ways.

Think of a referral code as a special password you give to friends for a reward, and a referral link as a digital invitation that does the same thing.

In this guide, we’ll take a closer look at how these two tools help in spreading the word about products and services, making it easy for everyone to understand their unique roles in the exciting world of marketing.

Referral Code

At the Referral Code stall, you’re given a special ticket with a unique combination of numbers and letters. This ticket is your personal identifier. When you share this ticket with your friends, and they come to the fair using it, the stall owner knows it’s thanks to you.

As a reward, both you and your friends get a special treat, maybe a free ride on the Ferris wheel or a delicious snack.

A little further down, you find the Referral Link booth. Here, instead of a ticket, you’re given a special map. This map leads directly to the booth and has your unique mark on it. When you share this map with your friends, and they follow it to the booth, the owner can track that they came through your map.

Just like at the Referral Code stall, you and your friends get rewards for this – perhaps tokens for games or a souvenir.

While both the stall and the booth reward you for bringing friends, the way they track this is different. The Referral Code is like a ticket you hand out – simple and easy to use anywhere. The Referral Link is like a map – it guides your friends directly to the destination, but it’s more suited for digital sharing, like through emails or social media.

How to Get a Referral Code


Now that we’ve delved into the vibrant universe of Referral Codes and Links, you might be wondering, “How do I get my hands on one of these magical tickets?” Well, the process is as straightforward as it is rewarding.

Referral Programs


First things first, step into the world of referral programs. Most companies, especially those thriving in the digital marketplace, offer referral programs as part of their marketing strategies.

Whether it’s an e-commerce giant, a burgeoning startup, or your favourite local store, chances are they have a referral program waiting for you to join.

Let’s take a closer look at some of the types of refer-and-earn programs offered by companies.

Digital Payments Apps: Think of apps like Google Pay and PhonePe. They’re like your everyday wallet but digital. When you tell your friends to use these apps for paying bills or sending money, and they start using them, you get some money back or a discount. Pretty neat, right?​​​​​​.

Here’s a list of some of the best refer and earn apps in the digital payments category in India.

4.4

PhonePe

Secure UPI, Money Transfer, Recharge, Bill Payment, Mutual Fund, Gold, Insurance
Rs 150 Download
4.4
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Google Pay

Google Pay is a simple and secure payment app by Google.
Rs 201 Download
4
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Amazon Pay

Shop products, pay bills, make UPI payments, order groceries & watch miniTV.
Rs 100 Download
4.6
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PayTM

BHIM UPI, Money Transfer, Metro & Mobile Recharge, Pay Electricity Bills, ONDC.
RS 10,000 Download

Shopping Apps: Apps like Meesho give you rewards when you get your friends to shop there. It’s like telling a friend about a great shop and then getting a thank-you gift from the shop. These rewards can be discounts or gift coupons​​.

Here’s a list of some of the best refer and earn apps in the Shopping category in India.

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Meesho

Online Shopping & Reselling – Shop Fashion, Home, Kitchen etc. at Lowest Prices.
Rs 50 Download
4.1
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Shopsy

Shop online for Fashion, Beauty, footwear, and accessories at the best prices.
Rs 151 Download
4.4
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Myntra

Shop fashionable clothes brands & beauty products. Trending mobile shopping app.
Rs 100 Download
4.3
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AJIO

AJIO’s online shopping app makes sure you don’t miss out on a stylish shopping experience even if you’re on the move.
RS 100 Download

Finance and Trading Apps: Upstox and Groww fall in this group. If you’re into stocks or keeping an eye on your credit score, and you bring in your buddies, you get rewarded. This could be cash or other cool perks​​​​.

Here’s a list of some of the best refer and earn apps in the Finance and Trading category in India.

4.4
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Upstox

Upstox – Stock Market Trading & Demat Account App.
Upto Rs 12,00 Download Read Details
4.4
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Groww

Groww: Share Market, Trading, Demat Account, Pay.
Rs 350 Download
4.6

KreditBee

KreditBee is an online instant personal loan app trusted by over 50 million Indians.
Rs 150 Download
4.7
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Moneyview

The Moneyview loans app provides instant personal loans up to Rs.10 lakh for all your needs.
RS 100 Download

Gaming and Fantasy Apps: Love playing games or watching videos on apps? Tell your friends about apps like RozDhan, and you might get some cash, vouchers, or other fun stuff when they join and play too​​​​.

Here’s a list of some of the best refer and earn apps in the Gaming and Fantasy category in India.

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RozDhan

Play Games; Read Articles, Do simple Tasks and earn Wallet Cash.
Rs 50 Download
4.1
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MPL

Play Real Money Rummy Online on the ultimate rummy app – MPL Rummy cash game.
Rs 50 Download
4.3
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My11Circle

My11Circle.com, a part of Games24x7, brings the best fantasy games to your fingertips.
Rs 500 Download
4.5
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Dream11

Enter the thrilling world of Fantasy Sports, a strategy-based online sports game wherein you can create a virtual team of real players playing in real-life matches.
RS 100 Download

Travel Apps: Use apps like MakeMyTrip or Uber. When your friend books a trip or a ride from your referral, both of you might get discounts on your next booking. It’s like sharing a travel hack and getting a bonus​​.

Here’s a list of some of the best refer and earn apps in the Travel category in India.

4.6
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MakeMyTrip

Embark on Unforgettable Journeys: Welcome to your one-stop travel app, MakeMyTrip!
Rs 300 Download
4.5

Goibibo

Your One-Stop Shop for All Your Travel Needs – Goibibo, India’s 2nd Largest Travel App!
Rs 150 Download
4.4

OYO

OYO hotel booking app is every traveller’s choice.
Rs 300 Download

Bank and Credit Card Services: If you’re using an SBI credit card and you refer a friend, you could get e-vouchers. It’s like introducing a friend to a good banking service and getting a thank-you gift​​.

Here’s a list of some of the best refer and earn apps in the Bank and Credit Card Services category in India.

4.4
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SBI Card

You can access your SBI Credit Card account instantly on your Android device.
Rs 500 Download
4.4
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ICICIDirect

Download our share market app to enjoy unlimited, unrestricted & seamless access to the latest share market offerings.
Rs 500 Download
4.2

Kotak securities

This is an old stock trader app for existing customers.
Rs 300 Download

Bill Payment Services: There are apps for paying bills where you get something back when your friend starts using them to pay their bills. Here’s a list of some of the best refer and earn apps in the Bill Payment Services category in India.

4.4

PhonePe

Secure UPI, Money Transfer, Recharge, Bill Payment, Mutual Fund, Gold, Insurance
Rs 150 Download
4.4
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Google Pay

Google Pay is a simple and secure payment app by Google.
Rs 201 Download
4
AIf8zZR1NiysgjIdmBbnusj9bAZA15rZsgaMbjajLR8i=s900 c k c0x00ffffff no rj

Amazon Pay

Shop products, pay bills, make UPI payments, order groceries & watch miniTV.
Rs 100 Download
4.6
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PayTM

BHIM UPI, Money Transfer, Metro & Mobile Recharge, Pay Electricity Bills, ONDC.
RS 10,000 Download

Reward-Based Apps: CRED is a good example here. If you’re good at keeping up with your credit card bills and you get your friends to do the same with CRED, you get points or special offers. It’s like being rewarded for being responsible and helping friends do the same​​.

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CRED

CRED is the only credit card app you will ever need for all your payments.
Rs 500 Download

In short, these apps are like telling your friends about something cool or useful, and then getting a little thank-you gift when they start using it. Each type of app has its kind of reward, depending on what you and your friends like to do.

Signing Up


We just walked through the different types of ‘Refer and Earn’ apps that are popular in India, like Google Pay for digital payments, Flipkart for shopping, and CRED for managing credit card payments.

Each of these apps has a unique flavour and offers some cool rewards when you bring in friends. But how do you start? That’s where the ‘signing up’ part comes in. It’s the first step to unlocking all those benefits.

whether it’s to make payments, shop online, or manage finances. The process is usually simple and user-friendly, designed to welcome you without any hassle.

Choosing an App: First, decide which app you want to try. Maybe it’s a payment app like Google Pay or a shopping app like Flipkart. Pick the one that suits your needs.

Download and Install: Next step, download the app from the Play Store or App Store. Just search for the app’s name and hit the install button.

Open and Create Account: Once the app is installed, open it. You’ll usually see a sign-up option. Tap on it to start creating your account.

Enter Details: The app will ask for some details like your name, phone number, and email. Fill these in carefully. Sometimes, you’ll also set a password to keep your account secure.

Verify Your Number: Often, apps will send an OTP (One Time Password) to your phone number. It’s a code that you enter in the app to confirm it’s really you.

Set Up Payment (if needed): If it’s a payment app, you might need to link your bank account or add a card. This step is usually straightforward and guided by the app.

Explore and Use: Once you’re all signed up, you can start exploring the app. See what features it has and how it can be useful to you.

Referring Friends: If you like the app and think your friends will too, look for the ‘Refer and Earn’ section. Share your unique referral code or link with your friends.

Enjoy Rewards: When your friends use your referral to sign up and meet certain conditions (like making a transaction or a purchase), you’ll get your rewards, like cashback or discounts.

Remember, each app has slightly different steps, but they’re all generally easy to follow. Just make sure you read the terms and conditions, especially for financial apps.

These programs not only benefit the companies but also offer enticing rewards to customers who participate. Here’s a straightforward explanation of the most common questions around these programs and some practical tips for using referral codes effectively.

Referral Programs and Rewards


Types of Rewards Offered: What rewards can you expect? These range from discounts and cashback to loyalty points. Understand how you can redeem these benefits and any specific terms attached to them.

Who Can Participate?: Clarify who is eligible to join the referral program – both as referrers and referees.

Procedure to Use Referral Codes: Learn where and how to enter these codes. Make sure you follow the required steps accurately.

Keeping Track of Referrals: How do you know if your referral has been successful? This involves tracking sign-ups and purchases, and understanding when you’ll receive your rewards.

Validity of Referral Codes: Check the expiry date of your referral codes to ensure they are used within the valid timeframe.

Limits on Referrals: Understand if there’s a cap on how many people you can refer or the rewards you can earn.

Combining Offers: Find out if you can club your referral rewards with other ongoing offers or discounts.

Resolving Technical Glitches: What to do if your referral code isn’t working? Knowing how to troubleshoot common issues is key.

Tips for Effective Use of Referral Codes


Understand the Fine Print: Familiarize yourself with the program’s rules. This includes reward types, eligibility criteria, and limitations.

Share Wisely: Promote your referral code among your contacts through social media, emails, or direct conversations. Remember, the goal is to inform, not to overwhelm.

Choose Your Audience: Share your code with people who would genuinely find the product or service useful.

Track Your Progress: Keep an eye on your referral activities to ensure you’re rightfully credited for your efforts.

Maximize Benefits: Where possible, combine your referral rewards with other promotions for added advantage, but be mindful of any restrictions.

Stay Informed: Keep up-to-date with any changes in the referral program, such as updates in rewards or policy adjustments.

Reach Out for Help: If you face any issues, don’t hesitate to contact customer support for guidance.

As we’ve discussed, being well-informed about the types of rewards, eligibility criteria, and the intricacies of using referral codes is crucial. Equally important is sharing these codes thoughtfully with the right audience, ensuring that both the referrer and referee gain maximum benefit.

So, the next time you come across a referral code, remember, it’s more than just a sequence of characters. It’s a gateway to benefits for both you and the friend you refer. Embrace these opportunities and let the cycle of mutual benefit and appreciation continue.

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HP Jinjholiya
HP Jinjholiya

HP Jinjholiya is the creator of sharedhan.com. In 2006, he named the website "Sharedhan," which means share market wealth, to reflect its aim of providing information on making wealth through the share market. He has been a lifelong editor and writer with over 10 years of experience as a stock market & Business blogger.

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