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Does Chase cashback count towards PSA?
roopoo337
Posts: 8 Forumite
Hi! With interest rates up, this year is the first time I'm having to watch my interest earned going over my PSA of £1000. My question is if anyone knows whether the 1% cashback on all spending that Chase offers counts towards this or not please? I did an online chat with them, and it was clear they didn't have a clue what I was asking & made up an answer!
TIA!
TIA!
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Comments
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I've seen it somewhere on here that cashback does not count as income.0
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No, it’s cashback not interest. Think of it as a discount on the price paid for goods or services.roopoo337 said:Hi! With interest rates up, this year is the first time I'm having to watch my interest earned going over my PSA of £1000. My question is if anyone knows whether the 1% cashback on all spending that Chase offers counts towards this or not please? I did an online chat with them, and it was clear they didn't have a clue what I was asking & made up an answer!
TIA!0
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