Chase increases cashback to 2%

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82100288#Comment_82100288

Yes .

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82100290#Comment_82100290

For these minimum 15 payment fillers there is no minimum amount. Even just a few pence payment using either of DC, CC, DD will count toward this 15 payment eligibility. Am I right ??

I did a testing paying a penny items (less than £1) by Debitcard, such as 5p it automatically triggered my Round-Up saving e.g taking 95p from current account and moved to Round-Up saving paying 5%, easy access. 15*95p earning 5% is not that big though. But at least there is another benefit of maximising this 15x payment for cashback that I din't realise previously😁

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82100398#Comment_82100398

Think that's right, there's a minimum spend for cashback of 50p but no minimum on the "counting to 15" transactions. Best to buy a couple of bananas.

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82100288#Comment_82100288

You also need to leave at least £1,000 in a Chase Savings account

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82100629#Comment_82100629

Thanks and I just notice for this minimum £1,000 saving requirement, the money kept in round up saving 5% does not count. So imo, It is only worth an effort for those new customer who could get introductory rate of 4.5% and if they use the Chase as the main account for grocery spending. For the remaining customers, to keep balance of minimum £1,000 earning 2.25% it is not really worthy, as there are reasonable number of easy access saving out there earning 5% interest.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82100729#Comment_82100729

Just so, holding the grand in Chase to secure (next month's) cashback will cost you about £2 in lost interest (before tax).

wiseonesomeofthetime

https://forums.moneysavingexpert.com/discussion/comment/82100993#Comment_82100993

I can make up that £2 quite easily and use the Chase CC alongside Lloyds Ultra for maximum, non taxable, cashback 😊

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82102423#Comment_82102423

If your spend is high enough on the Chase card then yes of course this £2 "penalty" can be overcome. It's just best to remember that your first £100 of spend is at an effective cashback rate of zero.

Using that Lloyds Ultra to buy gift cards at (say) Everup will give ~5% cashback at the usual supermarkets.

surreysaver

Has anyone experience of anything they expected to pay cashback but doesn't?

For me, Premier Inn restaurants do not pay cashback.

Go-Ahead bus subsidiaries do not pay cashback if you pay in the app (although they do if you pay on the bus)

Pubs can be hit and miss when buying food

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82110823#Comment_82110823

It's those pesky Merchant Category Codes innit.

Not surprised by the Premier Inn one, the Chase blurb says

Restaurants or cafes that are owned and operated by a venue are likely to be excluded.

I guess the pubs are either boozers (not in) or gastropubs (or whatever the term is these days - which are in).