Chase UK Referral Code 2025: 1% Cashback on Everything You Spend
Updated July 2025 · 5 min read
Chase UK Referral Bonus
1% cashback for 12 months
No monthly fee. No cap. New customers only.
What Is Chase UK?
Chase UK is the British retail banking arm of JPMorgan Chase — one of the world's largest and most well-capitalised banks. It launched in the UK in September 2021, entering a market increasingly dominated by digital challengers like Monzo and Revolut. Unlike those fintech startups, Chase brings the institutional weight of a global bank with over 200 years of history, combined with a fully digital, app-first experience.
Chase UK is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA). Deposits are FSCS-protected up to £85,000. As of 2025, Chase UK has become one of the fastest-growing bank accounts in the country, largely due to its market-leading cashback offer and competitive savings rate.
Why Open a Chase UK Account?
The headline reason to open a Chase UK account is the 1% cashback offer. For the first 12 months after opening, you earn 1% back on every eligible debit card purchase — there is no cap, no monthly fee, and cashback is paid instantly as you spend. For someone spending £1,500/month on their debit card, that's £180 in the first year for doing nothing different. Most UK bank accounts pay zero cashback on debit card spending.
Beyond cashback, Chase UK offers a round-up savings feature that automatically rounds every purchase to the nearest pound and puts the difference in a savings pot — earning 5% AER on those round-up amounts. There is also an instant-access savings account with a competitive rate. Chase UK has no foreign transaction fees, making it as useful for travel as Monzo or Revolut.
Chase UK Key Features
- ✓1% cashback — on all eligible debit card spending for 12 months
- ✓No monthly fee — and no minimum balance
- ✓5% interest on round-ups — automatic micro-savings
- ✓No foreign transaction fees — spend abroad at no extra cost
- ✓Competitive savings account — linked instant-access saver
- ✓JPMorgan-backed — FSCS-protected up to £85,000
Frequently Asked Questions
What is the Chase UK referral bonus?
1% cashback on all eligible debit card purchases for 12 months — no cap, no monthly fee.
Is Chase UK safe?
Yes. Chase UK is backed by JPMorgan and is FSCS-protected up to £85,000. Authorised by the PRA and regulated by the FCA.
Is there a fee for Chase UK?
No. Chase UK has no monthly fee and no minimum balance requirement.
How much can I earn with Chase cashback?
Spending £2,000/month for 12 months earns £240 cashback with no fee. One of the best-value free bank accounts in the UK.