1% Chase cashback vs Stoozing

The_Urbanite

phillw said:

The_Urbanite said:

I’d go for Chase any day. I’ve been using it to deposit to my bank account which pays out cashback. The return from a saver, a regular saver at that would only earn a tiny fraction of what is possible with the Chase card. 

What exactly have you been doing? Cashback on purchases gives you a fraction of what is available by stoozing, are you recycling cash through Chase somehow?

Making deposits to my bank account. It pays 1% every time.

deficit

The_Urbanite said:

Making deposits to my bank account. It pays 1% every time.

So, in your experience, simply moving money into the chase account, then moving it back out to another bank account generates 1% cashback?  I thought the cashback was only for spending?

The_Urbanite

deficit said:

The_Urbanite said:

Making deposits to my bank account. It pays 1% every time.

So, in your experience, simply moving money into the chase account, then moving it back out to another bank account generates 1% cashback?  I thought the cashback was only for spending?

Have to make the deposit with the debit card. 

Martico

Yeah, that's against the Ts & Cs - they may well rumble you