Chase new 1% cash back offer from 1st March 2024

Hoenir

miller said:

jak22 said:

I'm surprised at the positivity towards having to pay in £1500 each and every month just to get cashback and the assumption they won't be looking out for ether the £1500 or 3x£500 being paid back out.

From Chase's point of view, I would guess their aim is to move people away from using it as a spending/secondary account to using it as their main account with their salary being paid in. Not having online account access would rule that out for me regardless of the perks on offer in case I lost my phone.

Reduce the number of live accounts now they've achieved their initial objectives in establishing the brand. 

Vulturesquad

ccluedo said:

Vulturesquad said:

Fastest and easiest way to make this everymonth without spending any money is to send a friend or family payment to a emily member via PayPal and get them to send you the money back same way. No fees and 15quid made in seconds 

I've never had cashback for friends and family transactions. 

Been doing this the last few months. 
Move money into my chase account send friends and family payment to family member with PayPal using my chase card.
No fees with PayPal and receive the 1% cashback with chase. 

Angelica123

samal said:

If money going in and out I wonder what's wil Chase gain. ?

I would say people here on MSE, who take advantage of offers and have multiple SO between multiple accounts shifting the same £500 around those accounts, are the minority. 

A lot of people use Chase Savings account despite it not being competitive and may choose to pay in their salary into Chase to meet the new requirement. 

The fact that you can have SO from Chase savings account has made it a useful feeder account for regular savers and the fact that money transferred straight into into chase savings counts towards £1500. 

morgmonster

Yes it's not too much of a faff for me, as I get my salary paid in on the last day of the month which should always push me over the £1500 limit. I use chase to fund my Natwest and Lloyds accounts which also have a monthly pay in limit so with a couple of goes round, I have fulfilled all of them at least.
But appreciate it may not really be worth it if you have to funnel the money around 3-4 times to get it done, especially if you're only usually seeing £5 ish cashback a month. I would say there is a 'ticker' if you click through the cashback part of the app, which tells you how much you've paid in so far this month and how much you still have to pay in, at least then you shouldn't overshoot it.

I definitely do find that whenever I specifically use my Chase card for a large purchase to get the cashback (which would otherwise be paid for on our joint account debit card), I later find out it's an excluded category. In particular paying for holiday accommodation. Airbnb, VRBO and other websites I've used seem to be categorised the same way as estate agents "merchants engaged in the rental and management of residential properties..." and are excluded. 
Off to try the paypal F&F idea now to see if I can sneak in some more cashback for february... happy Leap day!

brucefan_2

morgmonster said:

Off to try the paypal F&F idea now to see if I can sneak in some more cashback for february... happy Leap day!

@morgmonster

 Please report back if this works

Alkhemist

My agreement has extended into 2025 with paying just £500 per month, I've had the account for 1 year so I wonder why the difference compared to the article, unless I've missed something. 

Zopa_Trooper

morgmonster said:

Yes it's not too much of a faff for me, as I get my salary paid in on the last day of the month which should always push me over the £1500 limit. I use chase to fund my Natwest and Lloyds accounts which also have a monthly pay in limit so with a couple of goes round, I have fulfilled all of them at least.
But appreciate it may not really be worth it if you have to funnel the money around 3-4 times to get it done, especially if you're only usually seeing £5 ish cashback a month. I would say there is a 'ticker' if you click through the cashback part of the app, which tells you how much you've paid in so far this month and how much you still have to pay in, at least then you shouldn't overshoot it.

I definitely do find that whenever I specifically use my Chase card for a large purchase to get the cashback (which would otherwise be paid for on our joint account debit card), I later find out it's an excluded category. In particular paying for holiday accommodation. Airbnb, VRBO and other websites I've used seem to be categorised the same way as estate agents "merchants engaged in the rental and management of residential properties..." and are excluded. 
Off to try the paypal F&F idea now to see if I can sneak in some more cashback for february... happy Leap day!

That's strange. I've paid holidays with TUI and Golfbreaks and Yourgolf and got the cashback on all of them.

Markc0011

Chase are sods. Been using my chase debit card for a succession of a few months now. And I now look today to see if any cashback on groceries. Sainsburys- nope, exclusions. Lidl- nope, exclusions apply. Coop-nope, exclusions apply.
So time to find something with a genuine cashback offer.

ZeroSum

Markc0011 said:

Chase are sods. Been using my chase debit card for a succession of a few months now. And I now look today to see if any cashback on groceries. Sainsburys- nope, exclusions. Lidl- nope, exclusions apply. Coop-nope, exclusions apply.
So time to find something with a genuine cashback offer.

Is it just the case that you haven't met the minimum funding? As sainsburys & lidl definitely aren't an exclusion as I get cashback all the time from them

Markc0011

it could be that, I just signed up and didn't realise there was a minimum funding now.
I think this ought to be altered: https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/

Santander look the choice for cashback without stipulations.

*edit, cashback is a false dawn- no bank account does one without stipulations- pay per month, or pay this in, or has to be first year.