Chase increases cashback to 2%

danny13579

gt94sss2

Wonder if Chase is already regretting their cashback changes..

New credit card offer from Santander

That 3% cashback is only for petrol, diesel, LPG, EV, trains, trams, TfL, buses, taxis, restaurants, cafes, takeaways/food delivery (and only certain brands in these categories, and only for the first year), everything else is 0.25% cashback.

Gambler

https://forums.moneysavingexpert.com/discussion/comment/82023730#Comment_82023730

I was just about to reply to say I'll go for that instead then noticed groceries are only 0.25%

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82023739#Comment_82023739

Yes, it all depends on your spending patterns.

Though there is also no need to do a minimum of 15 transactions/month or keep money in a substandard savings account which may also appeal to some

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82021211#Comment_82021211

I tried to do that calculation but ran out of room on my fag packet - do you have a number, maybe per 1k of credit limit on CC?

Newbie_John

https://forums.moneysavingexpert.com/discussion/comment/82023741#Comment_82023741

Sure, but most supermarkets have giftcards with around 4% discount. Even Aldi can be purchased like that through one of those multi access giftcards, can't remember which one, lifestyle?

So Santander sounds better.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/82024577#Comment_82024577

Plus cashback can be earned on many giftcard providers.

Although my 4% cashback was nearly all but eaten up when Tesco tried charging "cash transaction fees" when I used the credit card to buy giftcards, although they've now agreed to waive them " as a one-off "; might be an issue with how Giftcards.com code the transaction?

bioboybill

I think it's definitely worth a look for most people. Yes, you lose about £1.87 interest a month on 2.25% interest on £1K compared to 4.5%, but 15 transactions should be easy enough. I've already completed 15 this month. Last month I earned just over £6 cashback, and with the slightly wider categories that apply from July then an extra £6 makes up for the loss on interest. Besides, you can try it for one month and if it doesn't suit your spending ditch it