Key facts
- Chase is increasing its cashback rate to 2% from July 1, 2026.
- The monthly cashback cap for Chase will increase to £20.
- Dining is being added as an eligible spending category for Chase cashback.
- Zopa is offering 4% cashback on direct debits for new customers until June 9, 2026.
- The author has earned over £600 in cashback since opening a Chase account in November 2022.
Cashback current accounts offer a percentage of everyday spending back to the customer, providing a simple way to earn rewards on habitual purchases. While attractive, these accounts often come with restrictions such as spending caps, limited eligible purchase categories, changing rates, minimum pay-in requirements, and potential fees. Recent changes by providers like Chase and Zopa aim to enhance these offers, making it a competitive market for consumers seeking to maximize their savings.