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Post by Ace on Apr 22, 2022 18:11:48 GMT
If anyone knows of P2P platforms where deposits from a Chase debit card earns cashback please post below and I'll update the list in this OP.
The list of platforms where chase does give cashback
Kuflink
ABLrate
The list of platforms where chase does not give cashback
Seedrs
Wisealpha
CrowdStackers
AJ Bell
LendInvest
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benaj
Member of DD Central
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Post by benaj on Apr 23, 2022 10:31:40 GMT
It’s nice to hear Chase recognises cashback via “spending” on Kuf. 😊 Ace, could you please confirm the reward is showing up in your chase account? Wish I could do more big “spending” with Chase. |
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Post by Ace on Apr 23, 2022 10:41:30 GMT
It’s nice to hear Chase recognises cashback via “spending” on Kuf. 😊 Ace , could you please confirm the reward is showing up in your chase account? Wish I could do more big “spending” with Chase. Yes, I tested a £100 deposit yesterday and its showing up as a £1 cashback reward. It was showing as pending overnight, then got credited this morning.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Apr 23, 2022 17:18:01 GMT
I have not used K for years so don't know how it currently works. Could you deposit cash with a Chase debit card and then withdraw it collecting 1% for free? Then repeat.
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benaj
Member of DD Central
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Posts: 5,591
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Post by benaj on Apr 23, 2022 22:14:30 GMT
I have not used K for years so don't know how it currently works. Could you deposit cash with a Chase debit card and then withdraw it collecting 1% for free? Then repeat. K doesn’t have instant access product, so I suspect AML might kick in at some point. RS was great before chase. 😉
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billt
Posts: 105
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Post by billt on Apr 25, 2022 10:48:21 GMT
It’s nice to hear Chase recognises cashback via “spending” on Kuf. 😊 Ace , could you please confirm the reward is showing up in your chase account? Wish I could do more big “spending” with Chase. Yes, I tested a £100 deposit yesterday and its showing up as a £1 cashback reward. It was showing as pending overnight, then got credited this morning. can you pay money into Kuflink or other p2p from another account for instance Chase when your nominated bank account is say Barclays
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Post by Ace on Apr 25, 2022 10:54:20 GMT
Yes, I tested a £100 deposit yesterday and its showing up as a £1 cashback reward. It was showing as pending overnight, then got credited this morning. can you pay money into Kuflink or other p2p from another account for instance Chase when your nominated bank account is say Barclays Yes, you can when paying by debit card. I paid in via the Chase debit card which is not my nominated/linked bank account.
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Post by drphil on May 3, 2022 14:22:56 GMT
Is this still working with Kuflink, does anyone know?
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Post by drphil on May 5, 2022 10:15:47 GMT
I can confirm that this still works for Kuflink. I have been credited for a small transaction yesterday evening and a much larger transaction just carried out now, is showing as pending.
Thanks for the heads-up on this, guys
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Post by cauterize on May 5, 2022 15:38:47 GMT
I deposited and as there was no new deals available withdrew my funds. Kuflink emailed me and asked why I hadn't invested and wanted proof of the transaction leaving my bank account with my name and address on for AML purposes.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 5, 2022 16:46:10 GMT
I deposited and as there was no new deals available withdrew my funds. Kuflink emailed me and asked why I hadn't invested and wanted proof of the transaction leaving my bank account with my name and address on for AML purposes. If they pay you by bank transfer as opposed to crediting your Chase card you appear to have made 1% instantly but with a little admin work on the AML.
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Post by cauterize on May 5, 2022 16:53:32 GMT
I deposited and as there was no new deals available withdrew my funds. Kuflink emailed me and asked why I hadn't invested and wanted proof of the transaction leaving my bank account with my name and address on for AML purposes. If they pay you by bank transfer as opposed to crediting your Chase card you appear to have made 1% instantly but with a little admin work on the AML. I wonder if they'd possibly start freezing funds if it's done too much? Or if it can be repeated subject to providing AML docs each time
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Post by Ace on May 5, 2022 18:28:50 GMT
I made a Chase debit card deposit to Seedrs, but alas no cashback.
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Post by cauterize on May 6, 2022 9:34:34 GMT
I made a Chase debit card deposit to Seedrs, but alas no cashback. Wisealpha doesnt work either, they rang me and I asked why I withdrew without investing
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Post by overthehill on May 6, 2022 9:44:41 GMT
I made a Chase debit card deposit to Seedrs, but alas no cashback.
I don't know how common this scenario is but there is obviously something about Kuflink which makes it look like a purchase, doesn't surprise me in a nice way. If I transfer 50k into Kuflink and withdraw it again then I make £500, nope. I wouldn't be surprised if the cashback is reclaimed. In schemes like this can you buy something and then return it for a refund and keep the cashback, surely not, open invitation to criminals!
I've never been interested in cards that offer incentives to spend, I've never been interested in having more than 2 good cards, 1 debit and 1 credit. The best way to save money is not to buy  that will never get used. I read it somewhere on MSE's 100 ways to save money, one of the easiest to implement. These type of purchases probably dwarf your cashback!
I did open a chase account for the temporary savings interest. Debit cards should be optional not forced on you but that pays for the savings interest so pointless complaining.
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that will never get used. I read it somewhere on MSE's 100 ways to save money, one of the easiest to implement. These type of purchases probably dwarf your cashback!