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Agree, I use main high street banks for main account activity, i only got chase due to the 1% case back so I effectively transfer some money to chase, use it in shops/online and benefit from the 1% cash back as there is no fee. I have looked elsewhere, Santander do a similar card offering 2% cashback in 1st year, then 1% after but it has a £3 a month fee so effectively I’ve got to make £3 in cash back to break even, anything extra is a gain so not as favourable.
I have reluctantly submitted some info but I basically made it up, I mean how much money will you pay in/take out each month – how am I gig to know that as it varies month to make and not necessarily I the same ball park i.e. might need to buy a more expensive item one month, might not have as much to buy another month hence not paying in as much etc…
I left a reply to a thread started by someone else a while back on another forum and they seem sure its all to do with preventing fraud and stuff but have also said they cannot confirm any details i.e. salary, when I started my job etc so I just made up a figure, no way am i giving them that info as I just don’t see why they need it, especially when they say its to confirm my personal info? I mean its not a credit card, I have no DD/SO coming out, its literally a account I pay some money into and then use it as day to day buying. Was tempted to close it but someone said if you close a chase account, they wont let you re-open another i.e. if closed all accounts.
If a alternative/better card comes along, I think I’d be tempted to switch tbh, not keen on this “big brother wants to know all your personal info” I mean I get they need to confirm address, name, email etc but they only asked for address. They already have confirmed my identity when I opened the account so its all a bit odd especially when they will stop you being able to use account if you don’t answer the questions.
Kev
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Take a look at Starling Bank, might be worth a consideration and is British.
In a completely sane world, madness is the only freedom (J.G.Ballard).
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Thanks, doesn’t look bad but doesn’t appear any cashback, might bear in mind for future use if Chase gets worse or expenses drop and cashback isn’t worth it any longer.
Kev
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Hi,
So chase is dropping cashback on anything other than groceries, transport and fuel from 7th April so been looking for alternatives to still get cashback as kind of got used to it now. Admittedly not much but all adds up,
I’ve gone with amazon barclaycard as I use amazon a reasonable amount, downside is cashback is via gift cards only in £5 multiples but not too bad, i can choose to save it up and get a larger gift card later, will see how it goes plus as I’m a prime member if nothing else might use it towards the yearly fee, have to see. I got £30 gift card for signing up so will come in handy. I’m not expecting a massive amount back as will likely be penny per shop. I also get 0.5% elsewhere for 1 year dropping to 0.25% after, 2% on special amazon days/events. I’m hoping to split stuff between this and chase to get cashback on most things I buy.
Might be worth considering if anyone is in similar position using amazon :)
Kev
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