Chase launches new credit card with spending perks – but is it worth getting?

NoodleDoodleMan

Thanks for clarification, a senior moment.

jbryce

Nothing there of interest to me.

I have Santander Zero, not available to new customers, but basically the same as Halifax Clarity Mastercard.

Barclaycard Rewards

Revolut
Starling (both of these I use for saving up in the currency I will be paying for the holiday costs in, so I don't have the risk of the exchange rate moving against me just before I depart. Of course that also means I don't benefit if it moves in my favour, but this is about reducing risk, not gambling on the currency markets).
Chase Debit I actually used on my last trip for cash withdrawals. I could have done it on Barclaycard, I just prefer to use a debit card for cash.

Maybe you could consider it an alternative to Halifax Clarity if you don't have that or Santander Zero.

TwiceNightly

I think it’s actually worse than a lot of the cards you mention there as (as far as I know) the Chase card doesn’t allow balance transfers in or out?

I just stuck with my Nationwide credit card as that’s basically the same but allows transfers if I need them

adamp87

MSE_Molly_G said:

Chase has launched its first ever credit card offering 15 months at 0% on spending, as well as being fee free to use overseas. However, it's only available to customers with its current account. So is it worth getting? Our analysis shows it can be beaten – here's what you need to know:

Chase launches new credit card with spending perks – but is it worth getting?

If you haven't already, join the forum to reply.

What’s the spending perks?

TwiceNightly

adamp87 said:

MSE_Molly_G said:

Chase has launched its first ever credit card offering 15 months at 0% on spending, as well as being fee free to use overseas. However, it's only available to customers with its current account. So is it worth getting? Our analysis shows it can be beaten – here's what you need to know:

Chase launches new credit card with spending perks – but is it worth getting?

If you haven't already, join the forum to reply.

What’s the spending perks?

0% interest on purchases for up to 15 months
0% FX fees when spending abroad

WillPS

Olenna said:

barnehurst said:

Total waste of time! I'm an existing Chase account holder and took part in all the pre-launch surveys. I said there was one thing that would entice me to get a Chase Credit Card..

One thing that would lead me to stop using all my other cards
One thing of importance..

That thing was - 1% cashback on all purchases! Just like they used to offer on their now discredited and discarded debit card

And I'm still looking for a credit card that offers this!

So Chase, if youre reading this - go back to the drawing board and offer us the 1% cashback on ALL purchases!

Unless they launched on some exotic card network e.g. JCB then they'll receive a maximum of 0.3% of interchange income from purchases - so would need to run as loss leader like their UK debit card does even today. 

It wouldn't make a difference if they did. The legislation is drafted based on number of parties involved in the chain. If there are 5 parties or more (typically cardholder - merchant - acquiring bank - payment network - issuer) then the legislation applies.

The only way to avoid the legislation is to remove one of the 'parties'. Amex cards only have 4 parties since the payment network and issuer are one and the same, so are not in scope - however co-brands also count as a party so Nectar/BA/Marriott/Vitality/Harrods cards are still in scope.

JCB would have to launch a card themselves (and not cobrand it) to be exempt.

cantbelieveit23

I have recently received a new Chase card (7.5k 0% on spending for 15 months).  I will use it as a back up if my partner and I max out the cashback spend on our Santander Edge cards in any month.  We set up two Regular Savers which will mature before the Chase card has to be paid off, so not a fantastic gain but useful.
I have had a Chase current account for several years but now there are severe restrictions on Cashback, I will consider whether to continue to fund it monthly once the "boosted" Saver rate comes to an end at the end of October.

surreysaver

TwiceNightly said:

I think it’s actually worse than a lot of the cards you mention there as (as far as I know) the Chase card doesn’t allow balance transfers in or out?

I just stuck with my Nationwide credit card as that’s basically the same but allows transfers if I need them

How do you know it doesn't allow balance transfers out?
Does Chase do that silly thing with its credit card that it does with its debit card where you don't know the physical card number?

TwiceNightly

surreysaver said:

TwiceNightly said:

I think it’s actually worse than a lot of the cards you mention there as (as far as I know) the Chase card doesn’t allow balance transfers in or out?

I just stuck with my Nationwide credit card as that’s basically the same but allows transfers if I need them

How do you know it doesn't allow balance transfers out?
Does Chase do that silly thing with its credit card that it does with its debit card where you don't know the physical card number?

It does, yes

P-Nuts

I got a Chase credit card back in April and got 18 months at 0% on a £10k limit, so did they cut that down to 15 months?