Chase UK discussion

Zanderman

jbrassy said:

Am I correct in thinking that Chase will not pay the 1% cashback on direct debits? For example, paying bills and transfers to stocks and shares ISAs?

I'm just thinking you could earn cashback using your credit card, then earn more cashback by paying off the credit card. Or is this too good to be true? 

From the general blurb:

1% cashback on everyday purchases with your Chase debit card online or in-store

1% on your debit card transactions. No mention of direct debits, bills, transfers, credit cards. And there is a long list of debit card transaction exclusions at https://www.chase.co.uk/gb/en/legal/Cashback-Exclusions/

It's not 'too good to be true'.  You're just extrapolating wildly!  

jay1804

Daliah said:

jay1804 said:

jbrassy said:

Am I correct in thinking that Chase will not pay the 1% cashback on direct debits? For example, paying bills and transfers to stocks and shares ISAs?

I'm just thinking you could earn cashback using your credit card, then earn more cashback by paying off the credit card. Or is this too good to be true? 

Theres a big list of exclusions.

Most of what you said won't work, for example credit cards and savings/stocks and shares, however some bills might work just depends on the MCC.

Chase are very on the case with the MCCs. I have reverted to my cashback credit card for some purchases as 0.5% is better than the 0% I get with Chase. The good news is that you can instantly see in the app whether the transaction counts for cashback or not. 

The traditional bypass for the purposes of cashback with Curve won't work any longer, either
https://forums.moneysavingexpert.com/discussion/6301058/updates-to-curve-t-cs. Though you can still use the Chase card with Curve in most cases, you just won't get cashback for things such as tax payments or deposits into savings accounts. Some transactions, such as credit card payments, will be declined outright.

Yes they are, I have Curve Metal, so I can use curve fronted, and i've tried paying credit cards and withdrawing cash and none of these give cashback, unlike some of the credit card I have - still with no fees on the cards end.

Emmia

Zanderman said:

jbrassy said:

Am I correct in thinking that Chase will not pay the 1% cashback on direct debits? For example, paying bills and transfers to stocks and shares ISAs?

I'm just thinking you could earn cashback using your credit card, then earn more cashback by paying off the credit card. Or is this too good to be true? 

From the general blurb:

1% cashback on everyday purchases with your Chase debit card online or in-store

1% on your debit card transactions. No mention of direct debits, bills, transfers, credit cards. And there is a long list of debit card transaction exclusions at https://www.chase.co.uk/gb/en/legal/Cashback-Exclusions/

It's not 'too good to be true'.  You're just extrapolating wildly!  

The T&Cs for the account indicate that Chase isn't offering direct debits (at least at this point)

fabsaver

It must be a very short 'queue' as I reached the front within days and received my code.

However that's where the problems started The app repeatedly crashed on launch. 

When I finally got it to open a message said I had to update android, as the app only works on version 8.1 and above. Mine is 8.0 and no longer receiving updates 

The cost of purchasing a new phone would far exceed any potential cashback for me. Uninstalled 

Zanderman

Emmia said:

Zanderman said:

jbrassy said:

Am I correct in thinking that Chase will not pay the 1% cashback on direct debits? For example, paying bills and transfers to stocks and shares ISAs?

I'm just thinking you could earn cashback using your credit card, then earn more cashback by paying off the credit card. Or is this too good to be true? 

From the general blurb:

1% cashback on everyday purchases with your Chase debit card online or in-store

1% on your debit card transactions. No mention of direct debits, bills, transfers, credit cards. And there is a long list of debit card transaction exclusions at https://www.chase.co.uk/gb/en/legal/Cashback-Exclusions/

It's not 'too good to be true'.  You're just extrapolating wildly!  

The T&Cs for the account indicate that Chase isn't offering direct debits (at least at this point)

Indeed they don't.  Which makes jbrassy's question about whether they pay 1% cashback on them (DDs) even odder.

Dandytf

Zanderman said:

Dandytf said:

is there any waiting list timescale's

thanks.

As you'll see if you read the last few pages of this thread, it's a few days.

thanks only id holding up account opening.
replacement lost driving license 2 weeks approx.

basmiles

Jayp7541 said:

Any ideas on when the 5% round-up savings account is starting up ?

The date does not seem to be set. I asked Customer Services and all they could say was ‘soon’.

This is a bit disappointing combined with the limits to 1% cash back and the rumoured metal card turning out to be plastic…

adamp87

basmiles said:

Jayp7541 said:

Any ideas on when the 5% round-up savings account is starting up ?

The date does not seem to be set. I asked Customer Services and all they could say was ‘soon’.

This is a bit disappointing combined with the limits to 1% cash back and the rumoured metal card turning out to be plastic…

Most cashback offers have limits on what you are allowed. At 1% it’s still really above and beyond what you can get with most banks.

I think the metal card was rumoured by people on forums & such not Chase or news outlets either.

It’s a new bank, it’ll take time to get everything right.

Daliah

adamp87 said:

 
It’s a new bank, it’ll take time to get everything right.

It’s a new bank with a 200 year banking history which took three years to launch a UK current account without Direct Debits. Not even true new banks like Metro, Monzo or Starling managed to do that.

I doubt that too many people will fall for the 5% roundup, as that’s merely a gizmo worth just pennies. Their limited 1% cashback is presently the only redeeming and unique feature

[Deleted User]

adamp87 said:

basmiles said:

Jayp7541 said:

Any ideas on when the 5% round-up savings account is starting up ?

The date does not seem to be set. I asked Customer Services and all they could say was ‘soon’.

This is a bit disappointing combined with the limits to 1% cash back and the rumoured metal card turning out to be plastic…

I think the metal card was rumoured by people on forums & such not Chase or news outlets either.

The media stated it would metallic, which people assumed meant it would be metal. But perhaps this was referring to the MasterCard logo on the plastic card.