Chase UK discussion

Daliah

Emmia said:

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?

I much prefer using a credit card myself, but I have been making an exception for Chase for the 1%, which has so far paid me over £100 more than I would have got on my credit card cashback. 

k_man said:

One reason could be that using a credit card (with low/no cashback) offers payment protection (E.g section 75).

Valid point, though with a bit of planning it can easily be overcome. For example, I recently had a larger purchase of some £4,000 to make. The firm agreed to take £10 from my credit card, and the rest went onto my Chase card. £20 more cashback than I would have got with my credit card, kerching  . I'll do similar with a holiday I am about to book - deposit payment goes onto credit card, and the rest onto Chase.

masonic

There are some transactions that don't qualify for Chase cashback, but do qualify for the more comprehensive cashback offered by some credit cards. Between that and S75, there is good reason to have both options available.

Daliah

masonic said:

There are some transactions that don't qualify for Chase cashback, but do qualify for the more comprehensive cashback offered by some credit cards. Between that and S75, there is good reason to have both options available.

Totally agree, and that's precisely how I am using my cards. 

keiran

After struggling to find where within the app to open the new savings account, I eventually found it.

You have to click on "Add +"on the right hand side, below the CHASE logo on the home screen

V8MSE

Apologies if this has already been answered. 

Do you get cashback if you use it as the debit card to pay a credit card bill, where the credit card company allows you to pay using a debit card? 

Similarly can you use it to pay money into a Hargreaves Lansdown / AJ Bell broking account (both allow you to pay in on a debit card). 

I am assuming probably not, but the list of exclusions does not explicitly say that it is not covered. 

ZeroSum

V8MSE said:

Apologies if this has already been answered. 

Do you get cashback if you use it as the debit card to pay a credit card bill, where the credit card company allows you to pay using a debit card? 

Similarly can you use it to pay money into a Hargreaves Lansdown / AJ Bell broking account (both allow you to pay in on a debit card). 

I am assuming probably not, but the list of exclusions does not explicitly say that it is not covered. 

No

You don't even get it for council & hospital car parks as payments to public bodies are also excluded

k_man

Daliah said:

k_man said:

One reason could be that using a credit card (with low/no cashback) offers payment protection (E.g section 75).

Valid point, though with a bit of planning it can easily be overcome. For example, I recently had a larger purchase of some £4,000 to make. The firm agreed to take £10 from my credit card, and the rest went onto my Chase card. £20 more cashback than I would have got with my credit card, kerching  . I'll do similar with a holiday I am about to book - deposit payment goes onto credit card, and the rest onto Chase.

That split methods works well for very large purchases, or anything with a deposit.

It's the smaller ones (over £100 obviously), especially online, where splitting isn't an option or not any easy one, especially if only for a few £.

Hazzanet

ZeroSum said:

You don't even get it for council & hospital car parks as payments to public bodies are also excluded

I seem to be getting cashback on council car parks?

Daliah

k_man said:

Daliah said:

k_man said:

One reason could be that using a credit card (with low/no cashback) offers payment protection (E.g section 75).

Valid point, though with a bit of planning it can easily be overcome. For example, I recently had a larger purchase of some £4,000 to make. The firm agreed to take £10 from my credit card, and the rest went onto my Chase card. £20 more cashback than I would have got with my credit card, kerching  . I'll do similar with a holiday I am about to book - deposit payment goes onto credit card, and the rest onto Chase.

That split methods works well for very large purchases, or anything with a deposit.

It's the smaller ones (over £100 obviously), especially online, where splitting isn't an option or not any easy one, especially if only for a few £.

True - though how often have you had a Section 75 claim for these sorts of payments? I am nearly 70, a prolific spender, and only ever had one case for a claim in my entire life. That was for a ticket to an event which didn't take place as the company had gone bust. I had paid with a Nationwide Credit Card but as it was below £100, it was just a normal Chargeback claim, not a Section 75. I got my money back in full, just days after I'd raised the claim. I start thinking about Section 75 when it's upwards of £300 - £400, and only when I have reason to believe I won't get what I paid for. For instance, I am quite relaxed to pay a dentist or a John Lewis or M&S or Amazon bill with a debit card, as I can do a Chargeback if the worst comes to the worst. But I wouldn't chance a holiday or car hire without at least a small Credit Card payment.

ZeroSum

Hazzanet said:

ZeroSum said:

You don't even get it for council & hospital car parks as payments to public bodies are also excluded

I seem to be getting cashback on council car parks?

Tbh, I've not tried council car park, but I definitely didn't get cashback on an NHS Trust one, so just assumed it included councils as I think stuff like council tax was exempt