Is Chase right for me?
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
Quick answer
Chase could suit you if you spend around £1,000 a month on everyday categories by card and can keep £1,000 in a Chase saver. If you can’t meet those conditions each month, the cashback falls away.
Chase at a glance
| Question | What we found |
|---|---|
| Monthly fee? | £0 |
| Cashback? | 2% up to £20 a month, with conditions |
| Easy-access rate? | 2.25% AER variable (4.50% AER boosted for new customers) |
| Regular Saver? | 6.50% AER fixed, up to £300 a month |
| Business account? | No |
Figures as of 3 October 2026, from each provider’s own website. This is general information, not a recommendation.
Who it’s for
- You can make 15+ card or Direct Debit payments a month
- You can keep £1,000+ in Chase savers every day
- You want a regular saver for up to £300 a month
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You need a business account
- You can’t leave £1,000 in savings all month
- You want branches
Full explanation
Add up your monthly spending on groceries, eating out, transport and fuel. At 2%, you’d need £1,000 of eligible spending to reach the £20 cap.
Our cashback calculator can help you estimate it.
The catch
Cashback is capped at £20 a month and limited to eligible categories.
Read the full Chase page or check Chase’s own site.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Do Direct Debits earn Chase cashback?
No. They count towards the 15 payments but don’t earn cashback.
Is there a grace period?
Yes. New customers get cashback for the rest of their first month and the following month without meeting the conditions.
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