I keep getting reminders that the Boost rate is expiring on the 16th January, so it does not look like there are any plans to extend it. Which is rather annoying as AFAIAW new customers are still being offered 5%.
So I will be making a rational economic decision to ship out what little funds I still have left there, and in various pots. Along with many others, I venture. After all, there are plenty of competitive alternatives out there, that I am using already, so it’s not like I’m starting/moving from scratch.
What’s everyones thoughts on whether Chase will end or decrease the 1% Cashback on the debit card?
They’re making a loss on every eligible card transaction of around 0.7% which can’t be sustainable if they want to become profitable, however removing the cash back means they’ve nothing much to offer and I suspect a lot of customers will leave.
Can’t pay in cash, cheques, app limited to 1 device, average customer service (IMO). Although atm withdrawals abroad still free unlike Monzo/Revolut (over £200).
People will whine about it and then leave the bank. I’ll still use it for foreign stuff or will mostly use their CC for foreign use since it’s also got no fees abroad. I think Chase is a good spending account - just depends which one you prefer for 0% fees abroad.
For the 1% cashback ending, It’ll probably end soon or they’ll drop the rate. It’s been like three years now?
Lots of people fail to realise this and straight up said the card’s dead. I don’t know another 0% card that offers 0% foreign fees, either. It’s now perfect for my holiday bookings as I can book in local currency and not get hit with fees.
Nationwide is 0% overseas with 15 months at 0%, Virgin cashback is 0% overseas with 0.25% cashback as is Barclays rewards. Halifax clarity is 0% overseas.
