Chase increases cashback to 2%

mrmajika · 2 June at 3:07PM

As an existing customer of a few years, I note from the MSE article that I should be earning 2% for the month of June. I know it's only 2nd today, but yesterday and today's transactions doesn't show anything pending in the rewards section, which is not normal. Thoughts?

EDIT: I asked Chase direclty. I will earn 1% this month and only on the "old" catagories. The new catagories and 2% start from 1st July for me. I think I misread the MSE article!

Newbie_John · 2 June at 5:21PM

https://forums.moneysavingexpert.com/discussion/comment/82020300#Comment_82020300

In June you need to have £1000 in savings for a full month to qualify for July 2%.

Or at least by 4th of June - see prev comments.

Newbie_John · 2 June at 5:25PM

Also the app shows how many transactions you've made which is great.

My only issue is that I've been to McDonald on 31st May, and that transaction has been posted as today - so in June. So be aware if making credit transactions at the end of the month as they won't count for the current month.

bagand96 · 2 June at 5:36PM

https://forums.moneysavingexpert.com/discussion/comment/82020300#Comment_82020300

If you've been with Chase for more than 12 months then you are still on 1% in June, with the 2% offer starting from July (assuming you meet the criteria)

If you're in your first 12 months with Chase you get the 2% in June without having to meet the criteria, but need to meet it from July onwards.

For those in their first 12 months they're likely to be on a boosted savings rate too so it makes sense to use it. My boosted savings finishes mid August so I'll make use of the cashback until then at least.

surreysaver · 2 June at 5:40PM

I notice that sending £1k to my savings account yesterday counted as one transaction in the tracker...

Ian82s · 3 June at 7:59AM

The 15 transactiontransactions is certainly going to to awkward, but I just remembered I use amazon subscribe and save - I have 7 items delivered every 7 weeks, and every items is seen as its own transaction. So that will help every other month.

Ian82s · 3 June at 8:14AM

I by chance got the Chase credit card a few weeks ago before these changes was announced - mostly for over seas spending as got a few trips coming up. Got the 15 months 0% interest interest free, and a much larger limit than expected. So I am going to STOOZE with the CC, and get the 15 transactions for the 2% (with lots of little payments), and put the difference from the miminum and full CC payments in my Zopa 4.55% account for 14 months - and make a lot more than 2% out of Chase.