Major bank to make massive change to current account deal from TODAY leaving customers fuming

A POPULAR digital bank has made a major change to its popular current account cashback offer today.

, which entered the UK market in 2021, previously offered new customers 1% cashback on most debit card spending for a full 12 months.

This generous perk also extended to all overseas transactions.

However, starting today, the cashback have been slashed.

Shoppers will now only earn in select spending categories, with everyday purchases no longer qualifying for rewards.

Additionally, only spending within the UK and in pounds sterling will be eligible for rewards, with overseas transactions now excluded from the cashback scheme.

Under the new rules, cashback will now only apply to purchases made in select categories, including groceries, everyday , and fuel.

This means spending on dining out, travel, and entertainment will no longer qualify for cashback.

However, the cashback cap remains at £15 per month, meaning customers can still earn up to £180 per year.

Despite the changes to its cashback scheme, Chase remains an appealing choice for holidaymakers, thanks to its continued lack of foreign transaction fees.

This means customers can still shop abroad without incurring any extra charges.

Additionally, Chase offers fee-free cash withdrawals overseas, further enhancing its appeal for .

Frustrated customers have turned to to express their disappointment over the recent cashback cuts.

One person said on X (formerly Twitter): The 1% debit card cashback on all spending with Chase UK was while it lasted.

“Back to Amex for my spending from now on for me.”

Another said: “Account if now obsolete.”

A third: “Chase has lost most of its UK customers due to restricting cashback.”

How else can I earn cashback?

The most well-known way to get cashback is through established sites like and Quidco.

They get you money back on things you buy, when you shop through their site or app.

Quidco says its members make an average of £300 a year.

The deals vary, and there are often one-off, time-limited special deals.

If you’re going to buy something, check both these sites to see how much cashback you might get.

When we checked, Quidco was offering six per cent cashback on hotels.com booking, while Topcashback had an exclusive time-limited 12 per cent offer.

Less well-known are sites like Cheddar and Airtime which link to your existing bank or card, applying cashback automatically when you shop with certain stores.

The benefit is that once you’ve registered with the, they work without you having to lift a finger.

For a different way to get cashback on your regular spending, you can use e-gift cards with some sites, like Jam Doughnut and Hyperjar, and get paid instant cashback.

The word ‘gift’ is a bit misleading. You can buy these cards for yourself, for something you intend to buy anyway.

It means you can buy a £50 gift card for your usual supermarket, get instant cashback – usually around four to seven per cent – and then use the card to pay for your shopping.

It’s so easy to do – you can quickly buy a gift card while you’re queuing for the checkout.

You can get cards for all kinds of things – supermarkets, tech shops and department stores like M&S or Selfridges.