Chase Cashback changing

flaneurs_lobster

SuzeQStan said:

We took advantage of the Lloyds ultra credit card which offers 1% cashback on purchases for 12 months (we’ve had cashback
on every item we have bought in the last 4 months) we pay in full every month and expect to have a decent chunk of cashback when it pays out in January.

LLOYDS cc is similar to Chase for fee free overseas use.  

Not really sure why I’ve kept the Chase acct open - probably laziness - haven’t used it in a long time. 

Similar, but using the Santander Edge CC.

One reason to keep the Chase account is free overseas ATM cash withdrawals - £500 a day is unusual, might never be needed, but is nice to have for free JIC.

HillStreetBlues

Anyone else using Trainpal and not getting cashback?

wiseonesomeofthetime

HillStreetBlues said:

Anyone else using Trainpal and not getting cashback?

It's an issue that has been reported before.

Trainpal don't use a merchant code that falls within their cashback criteria.

Newbie_John

15 transactions..

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81851547#Comment_81851547

Unless there's a specific reason you want to use Trainpal, you can buy rail tickets from umpteen sources

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/82004808#Comment_82004808

TCB 3% sometimes 6%

Aj2000

So with the "rules" for Chase changing again, has anyone done some "maths" on the pros/cons for the new criteria (I'm not sure I trust my maths sometimes!)? This is for now 2% cashback on groceries, fuel and some restaurants now.

I believe you now have to make 15 purchases (or Direct Debit) per month and keep £1,000 in a savings account (2.25%).

I currently have Zopa for their saving rates, so any spare funds are kept there until needed. And use some other offers for cashback on food shopping.

Am I right that £1000 for a month the difference between a 2.25% savings and 4.45% would be ~£1.83. Then is a "normal" fuel/food shops for the month of around ~£500 this would have been £5 cashback but would now be £10 cashback.

So in this case I would be better off by ~£3.17

{Old is £5 cashback and £3.71 interest; then new would be £10 cashback and £1.88 interest}

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82005714#Comment_82005714

Think your numbers are spot on.

Lot of discussion about this on a new thread about the updated (June 26) Chase deal

https://forums.moneysavingexpert.com/discussion/6669005/chase-increases-cashback-to-2