Chase UK discussion

Daliah

Somebody commented on FB that the woman in the ad appears to wear a hijab. Seems a shot in the foot if so, as interest is haram under Sharia law.

Daliah

RN61 said:

But the 1% cashback, or are they pulling that? 🙄

They are advertising it today. Relax😀

Marchitiello

Their advertising has been all over the BA Galleries Lounges at Heathrow over the last two months, obviously focused on the “getting cashback” when buying your holidays and when spending abroad. It felt even more prominent that their own BA Amex advertising (only present at the entrance of the lounges) 

northwalesd

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

[Deleted User]

northwalesd said:

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

Already opened an account and moved my savings in. One assumes customer uptake of the current account has been slow due to the failure to deploy DD at launch so they have moved to plan 2. You can't have the savings account without the current account.

KTF

Chase sent me a survey a month or so ago asking for opinions about them launching an instant access account so I knew this was coming and/or planned.

I could move my DDs over manually from Starling but waiting to see if Chase offer any incentive for doing so first.

PRAISETHESUN

northwalesd said:

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

https://forums.moneysavingexpert.com/discussion/6345753/chase-1-5-easy-access

Daliah

[Deleted User] said:

northwalesd said:

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

Already opened an account and moved my savings in. One assumes customer uptake of the current account has been slow due to the failure to deploy DD at launch so they have moved to plan 2. You can't have the savings account without the current account.

Though you don't have to use the Chase current account at all, as you can make payments into, and out of, the savings account directly.

Though why people would pass on the 1% Chase cashback for 12 months on most purchases is hard to understand. There may be a few who still have a credit card which pays this much cashback but the majority of people probably get no cashback at all. 

k_man

Daliah said:

[Deleted User] said:

northwalesd said:

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

Already opened an account and moved my savings in. One assumes customer uptake of the current account has been slow due to the failure to deploy DD at launch so they have moved to plan 2. You can't have the savings account without the current account.

Though you don't have to use the Chase current account at all, as you can make payments into, and out of, the savings account directly.

Though why people would pass on the 1% Chase cashback for 12 months on most purchases is hard to understand. There may be a few who still have a credit card which pays this much cashback but the majority of people probably get no cashback at all. 

One reason could be that using a credit card (with low/no cashback) offers payment protection (E.g section 75).
Similar to one of the downsides of fronting a credit card with Curve.

However if already paying with a debit card, then they are missing a trick. 
Moving to Chase for an extra 0.75% (ish) on savings, but missing 1% on normal spend.

Emmia

Daliah said:

[Deleted User] said:

northwalesd said:

Just got an email with the news that Chase are now offering an instant access savings account with a 1.5% AER rate. Interesting.

Already opened an account and moved my savings in. One assumes customer uptake of the current account has been slow due to the failure to deploy DD at launch so they have moved to plan 2. You can't have the savings account without the current account.

Though you don't have to use the Chase current account at all, as you can make payments into, and out of, the savings account directly.

Though why people would pass on the 1% Chase cashback for 12 months on most purchases is hard to understand. There may be a few who still have a credit card which pays this much cashback but the majority of people probably get no cashback at all. 

People don't want the faff of constantly moving their accounts around?