Chase UK Current Account

Tell us your deals or ask for advice

Moderator: User Moderator

Sarah
Posts: 651
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 3 times
Been thanked: 45 times

Chase UK Current Account

Postby Sarah » Thu Sep 30, 2021 9:41 am

New current account - benefits include 1% debit card cashback during first year and 5% interest on a small amount of 'round up your spending' savings.

Get 1% cashback on your everyday spending

We know a little extra cash is always welcome. Make everyday purchases with your Chase debit card and enjoy 1% cashback on them for a whole year.


Boost your savings with 5% interest on round-ups

We’ll help you set aside money every day. Simply choose to round up your spending to the nearest £1 and we’ll turn the spare change into savings with a 5% AER (4.89% gross) variable interest boost, paid monthly.


MSE article:
https://www.moneysavingexpert.com/news/ ... t-account/

Join the 'waiting list' on their website - or wait for public launch, possibly from November:
https://www.chase.co.uk/gb/en/product/chase-account/

Chase is a registered trademark and trading name of J.P. Morgan Europe Limited.

Sarah
Posts: 651
Joined: Tue Jan 05, 2016 1:38 am
Has thanked: 3 times
Been thanked: 45 times

Re: Chase UK Current Account

Postby Sarah » Mon Nov 08, 2021 2:11 pm

I joined about a month ago now; as mentioned above the benefits are nice and the features they have are pretty slick too. However, this needs to be weighed against the disadvantage that it's not a full service bank (no branches, no website banking, no direct debits, no cheques, etc).

There are also lots of exclusions to the cashback, based on Merchant Category Code. I didn't find these until after making a few fairly ordinary payments such as car repairs and NHS online that didn't qualify (also Reward Gateway gift card purchases are excluded yet Gift Cloud transactions aka TopGiftCards appear to be okay so far):
https://www.chase.co.uk/gb/en/legal/Cas ... xclusions/

It's possible to sign up without a waiting list now. I recall having some initial difficulty with their facial recognition software not matching my webcam picture to my driving licence photo, but eventually it worked after I switched off the room lighting, lol!


Return to “Deals & Tips”

Who is online

Users browsing this forum: No registered users and 2 guests