Chase Bank Cashback vs Zilch Plus

If you’re looking for a simple way to earn money back on your everyday spending, Chase Bank cashback is undoubtedly one of the most talked-about cashback schemes in the UK. Offering 2% cashback on eligible debit card purchases, it’s easy to see why many shoppers have opened a Chase current account.

However, before signing up, it’s worth comparing Chase Bank cashback with one of its biggest rivals – Zilch Plus. The only downside with Zilch is needing to enable your card either in-store or online when you make a purchase at your selected store. But once you are used to it, it’s easy to earn 3% cashback on petrol, groceries, online shops etc. Of course, you don’t have to spend the £3.99 per month with Zilch Plus, but you will only earn 2% up to 5%, dependent on the merchant.

While Chase offers a straightforward cashback scheme, Zilch Plus gives members the opportunity to earn between 3% and up to 6% cashback (Rewards), depending on the retailer, with no monthly cashback cap. For shoppers who regularly spend online or in-store, that could make a significant difference over the course of a year.

Here’s everything you need to know.

What Is Chase Bank Cashback?

Article Contents

Chase Bank cashback allows eligible customers to earn 2% cashback on qualifying debit card purchases.

It’s a simple system:

Spend using your Chase debit card.
Earn 2% cashback on eligible purchases.
Cashback is automatically paid into your account.

The biggest advantage is that there is no monthly subscription fee, making it attractive for anyone wanting free cashback on everyday spending.

However, there is one important drawback.

Chase Bank Cashback Is Limited

Although 2% cashback is generous, Chase currently limits the amount you can earn.

The maximum cashback available is:

£20 per month

Once you’ve earned £20, any additional eligible spending during that month won’t generate further cashback.

For customers with relatively low monthly spending, this may not matter.

However, if you’re spending several hundred pounds every month on groceries, shopping, holidays, DIY or home improvements, you’ll quickly discover the limitation.

How Does Zilch Plus Compare?

This is where Zilch Plus starts to become very interesting.

For £3.99 per month, Zilch Plus members can enjoy:

Cashback (Rewards) from 3% up to 6%, depending on the retailer.
No monthly cashback limit.
The ability to build Rewards on qualifying purchases that can be used towards future spending.
Cashback available both online and at participating in-store retailers.

Unlike Chase Bank cashback, your rewards don’t stop once you’ve earned a certain amount.

The more you spend at participating retailers, the more Rewards you can continue earning throughout the month.

Cashback Rates Vary by Retailer

One of the biggest differences between Chase Bank cashback and Zilch Plus is that Zilch works with participating retailers offering different reward rates.

For example:

Morrisons has offered 3% cashback (Rewards) for eligible in-store purchases.
eBay has offered 4% cashback (Rewards) on eligible online spending.

Other retailers may offer 5% or even up to 6% cashback, meaning your savings can be considerably higher than Chase’s flat 2%.

Because retailer promotions change regularly, it’s always worth checking the latest offers within the Zilch app before making a purchase.

Feature	Chase Bank Cashback	Zilch Plus
Cashback Rate	2%	3%–6% depending on retailer
Monthly Fee	Free	£3.99
Cashback Cap	£20 per month	No limit
Retailer Offers	Fixed rate	Varies by retailer
Best For	Casual cashback users	Frequent shoppers wanting higher rewards

Which Cashback Scheme Gives Better Value?

Let’s compare some examples.

Monthly Spending: £300

Chase Bank Cashback

Cashback earned: £6

Zilch Plus (3%)

Rewards earned: £9
Subscription: £3.99
Net benefit: £5.01

At lower spending levels, Chase may still offer slightly better value because there is no monthly subscription.

Monthly Spending: £500

Chase Bank Cashback

Cashback earned: £10

Zilch Plus (3%)

Rewards earned: £15
Less monthly fee: £3.99
Net rewards: £11.01

Now Zilch Plus starts pulling ahead.

Monthly Spending: £1,000

Chase Bank Cashback

Although you’ve spent £1,000, your cashback is capped.

Cashback earned: £20

Zilch Plus (3%)

Rewards earned: £30
Less fee: £3.99
Net rewards: £26.01

If your purchases qualify for 4%, 5% or 6% Rewards, the difference becomes even greater.

Higher Spenders Benefit Even More

Imagine spending £2,000 over the course of a month.

With Chase Bank cashback, you would still receive a maximum of £20.

If your purchases qualified for:

3% Rewards, you’d earn £60
4% Rewards, you’d earn £80
5% Rewards, you’d earn £100
6% Rewards, you’d earn £120

Even after deducting the £3.99 monthly subscription, Zilch Plus could provide substantially more value for regular shoppers.

Is Chase Bank Cashback Still Worth It?

Absolutely.

If you’re looking for a completely free cashback account and don’t spend huge amounts each month, Chase Bank cashback remains an excellent choice.

It’s simple, reliable and requires very little effort.

However, shoppers who regularly make larger purchases or frequently shop at retailers offering enhanced Zilch Rewards may find that Zilch Plus provides much better long-term value.

Which Cashback Scheme Should You Choose?

Choose Chase Bank cashback if:

You want free cashback.
Your monthly spending is fairly modest.
You prefer a straightforward current account with cashback included.

Choose Zilch Plus if:

You regularly shop online or in-store at participating retailers.
You want access to cashback rates between 3% and 6%.
You dislike monthly cashback limits.
You’re happy paying £3.99 per month if it results in greater overall savings.

Final Verdict

If you’re searching for Chase Bank cashback, it’s easy to see why the account has become so popular. A free 2% cashback rate is an attractive incentive, particularly for customers who don’t spend enough to hit the monthly limit.

However, if your goal is simply to earn the highest cashback possible, Zilch Plus deserves serious consideration. With cashback rates ranging from 3% up to 6%, depending on the retailer, and no monthly cashback cap, it offers the potential to earn significantly more than Chase Bank cashback.

Before making your next purchase, it’s worth comparing both options to see which gives you the biggest return based on your own spending habits.

Looking for even more ways to save? Bookmark newpromocodes.co.uk for Zilch articles, voucher codes and exclusive money-saving deals, helping you stretch your budget even further.