Chase increases cashback to 2%

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82006832#Comment_82006832

Me too, I've ordered a Chase CC just for spend to meet the cashback requirements.

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/82006803#Comment_82006803

I have a different reading of it.
Buying a something under 50p (eg banana) counts as 1 of the 15 transactions, but wouldn't get you any CB (as anything under 50p would be under a penny CB).

Niv

Wouldn't moving £1 to another account (outside of Chase) count? Its not a DD but a BT but the MSE article says 'Card transactions or DD' so doesn't moving money to one of your own accounts count as that? Similar to how some people qualify for the nationwide reward.

Edit: Just reviewed last 5 months and I have no issues on transactions, with a peak of 68! (eek) in March.

moi

https://forums.moneysavingexpert.com/discussion/comment/82006944#Comment_82006944

I hadn't read beyond Chase's email & this forum until now, but looking at the PDF of terms I'd read it the same as @HillStreetBlues

The requirement of 15 transactions & the 50p minimum are in different sections.

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Newbie_John

https://forums.moneysavingexpert.com/discussion/comment/82006965#Comment_82006965

if you move it using card to some providers like Trading212, Revolut etc then yes, bank transfer won't count

wiseonesomeofthetime

https://forums.moneysavingexpert.com/discussion/comment/82006944#Comment_82006944

You could well be right there 🤔

Thinking about it, other transactions that don't qualify for cashback would still be transactions 👍

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82006809#Comment_82006809

Think Chase need to try a bit harder in telling people what the criteria are, then. It's not mentioned in the email.

Newbie_John

https://forums.moneysavingexpert.com/discussion/comment/82007208#Comment_82007208

from MSE website:

Transactions tip: Worried you'll struggle to hit 15 transactions? You could use MoneySavingExpert.com founder Martin Lewis' "banana trick" – buying a few low-cost items, such as bananas, in separate transactions to boost your count. Chase has confirmed there's no minimum spend required per transaction.

HillStreetBlues

https://forums.moneysavingexpert.com/discussion/comment/82007467#Comment_82007467

Must be great claiming credit for everything.😮

gospete

I'm still confused.

Some articles mention the new criteria (15 transactions and £1000 savings) but they ALSO say that a deposit of £1,500 per month is still required.

Chase themselves no longer seem to mention the £1,500 per month requirement, just the '15 plus 1000' rule.

I am I correct in thinking that the £1,500 monthly deposit is no longer required?

My first year with Chase ends on 10th June so I need to know the new cashback criterea.

Any pointers on the this would be very much apppreciated!