Chase UK Discussion

Banking Personal Banking
2475

I use Chase as a full on everyday personal spend account. I’ve gradually weaned myself off of Starling which for me personally, has become a rather boring mundane account with literally no incentive to continue to use as an everyday account. Even the in credit interest is literally meaningless.

I’ve moved virtually all of my savings into Chase. I’ve almost emptied my Santander savings account as that is no longer competitive compared to Chase.

I look forward to Chase introducing a credit card whenever that might be.

As for the Chase App, I find it more refreshing than Starling’s which has barely moved on in my opinion. I’m not interested in different App logos or shake to get snow effects.

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2476

Same :+1:

2477

My hope too :+1:
Whether it be Chase or Starling that are the first out of the blocks will sway me more towards their product.

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2478

I was going to use it for the 1% cashback, but using the Nationwide accounts 5% cashback for the moment, till I’ve hit the limit for the month. And for spend outside of supermarkets.

2479

I’m currently using chase as my main account for bills and spending and also now my savings too.

Credit card on the horizon I might be at risk for falling into the :basket: all eggs in one basket lol.

I have first direct as my other account and a first direct credit card, Amex etc. I will always hold accounts elsewhere as chase is cashless.

2480

As do I.

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2481

Other than offer a decent rate of interest for cashback (1% or more:-)), and perhaps a decent rate/fees for balance transfers and borrowing, not exactly sure what Chase could offer as regards bells and whistles.

2482

It doesn’t need bells and whistles. That’s the point. It’s simple, straight to the point. It’s not trying to be something different. It’s minimal and relaxing to use. I’m not forced products. No ads for anything. It’s just clean and basic and doesn’t add bulk. It gets the job done :slight_smile:

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2483

:point_up_2:

One of the best posts I’ve read for weeks on a fintech forum

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2484

Quite a niche update but you can now edit Standing Orders, change amounts instead of having to delete and create new ones

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2485

Chase have extended the cashback until April. At which point the new cashback offer comes into effect.

Pay in £500 each month to continue to earn 1% cashback up to a max of £15 per month.

You’ll also earn 1% interest on current account balances.

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2486

Cashback here to stay

“Good news – your new cashback offer is coming soon! With monthly cashback, you’ll be able to be rewarded for your everyday debit card spending for up to 12 more months.

While we get monthly cashback ready, we’re going to keep giving you 1% cashback on your everyday debit card spending with your current offer until 00:00 on 1 April 2023.

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# And that’s not all…
Starting in April, you’ll earn 1% AER interest3 on all your current account balances. It’s another way for you to get more from your money – as part of our promise of rewarding banking. We’ll let you know when it’s ready.

How monthly cashback will work

  • From 1 March 2023, pay in £500 to your Chase current account each month to qualify (excludes internal transfers)

  • Then the next month, you’ll be able to earn 1% cashback – up to £15 – on your everyday debit card spending

  • Qualify each month to earn cashback the next month, for up to 12 months

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# Top tip
Consider setting up a monthly standing order for £500 from another bank to make sure your Chase account is topped up each month. Or ask your employer to pay your salary in.

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2487

Do I presume that you could transfer in the £500 and then transfer out a few days later? Has this worked elsewhere ?

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2488

No conditions on what should happen to the £500 other than it’s frequency. I don’t know of any bank that has applied any conditions elsewhere.

2489

With Halifax I transfer it in and take it out same day. No issues.

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2490

This is going to catch some people out as it’s actually:

Pay in £500 each month to continue to earn 1% cashback up to a max of £15 the following month.

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2491

Ah - that explains the overlap with the current 1% cashback deal.

1 Like
2492

They’ve made the comms a tad more complicated than needs be. But - all good really.

2493

Coming Soon!

3 Likes
2494

Credit card caught my eye