Chase UK discussion

Catplan

km1500 said:

Looks good - just pay in £500 and get same 1% back. Usual exclusions apply I expect and as it is capped at £15 then no point in using it for big spends ie over £1500 a month.


* what you may have missed ** the example above shows you need to pay in the £500 the month before eg in June to get cashback in July. So pay in £500 in FEB to get the cashback in March. 

That’s a good spot. As I read it from 1st March, although they do say they are extending existing deal so presume I’d have got it anyway. I have paid in over £500 anyway this month. Suspect it’s just to get folk used to paying in the £500 regularly and it looks like most ending in feb got extended to April anyway.

Band7

Just had an email about this, too. Buried in it is Also, starting in April, you'll earn 1% AER interest on all your current account balances. We'll let you know when it's ready.

1% is pretty mean and gimmicky but better than nothing.

Winchmore_Hill_Shot

Happy to stick on this basis (which I guess is the point of the offer).  I pay £500 in every month anyway to cover the cost of my spending).  I generally carry a couple of hundred quid in the current account and feed that from the savings account every few days so the 1% will have very little effect.

northwalesd

I hadn't even spotted that @Band7 but these days anything I have 'left over' after paying what I need to gets transferred into a Chase savings account, until I need to make the next DC payment.

Nebulous2

Pleased with that - they've done enough to maintain my interest. 

On a different note, it appears Chase are now doing confirmation of payee (cop)  Apologies if that has been discussed already and I missed it. 

I moved some money from Nationwide to Chase today and had to set Chase up as a new payee. It asked for first name and surname, where I expected to get a message saying they could not confirm it and I would be proceeding at my own risk. Instead I got a message saying the name matched. 

Shedman

Just got the email so re-read the cashback exclusions and glad I did as I hadn't realised (or had forgotten) that insurance sales and premiums are excluded.  Was just about to pay the wife's and my car insurance renewals using the Chase card but will now have to use my cashback Barclaycard instead ( only 0.5%).   

Unless anyone has paid insurance premiums using Chase and has received the cashback......?

Futuristic

Some more things on their pending list: https://www.chase.co.uk/gb/en/updates-from-chase/coming-soon-2023/

• ways to let you pay in cash to your Chase account
• new tools to help you budget and manage your money
• seeing Chase on your credit profile – so credit agencies can get a more accurate picture of your finances
• switching your current account with another bank to us using the Current Account Switch Service 
• a Chase credit card

Band7

Here is hoping for a juicy switch offer 🤞🤞

Band7

I wonder whether this means that new customers won't any longer be offered cashback?

Nebulous2

Band7 said:

Here is hoping for a juicy switch offer 🤞🤞

I'm wondering about that whole thing of setting up additional accounts. It's the easiest process I've ever came across. 

Do you think I could switch one or more of the sub-accounts using CASS, without affecting my main account / card?