I just read on DoC that Chase Ink Referrals will drop from 40k Ultimate Rewards Points ($400) down to 20k ($200). This will happen in September. There will still be the same yearly 200k limit, but you just refer ten people instead of five.
My thoughts on this. It was good while it lasted but $200 for this sign up bonus is still generous. It’s still possible to cap the 200k.