topic Re: Chase cash bock only into Chase bank accounts now. in Credit Cards

Chase cash bock only into Chase bank accounts now.

swankytiger — Wed, 18 Feb 2026 16:54:54 GMT

Just got an email from chase stating

Beginning ‌3/27/2‌6, you will no longer be able to redeem for a cash back deposit from your Chase Freedom®, Chase Sapphire®, or Chase Ink® credit card(s) to an account held by a financial institution other than Chase. You can continue to redeem for a cash back deposit to an eligible U.S. Chase account or redeem your rewards as an account statement credit.

Re: Chase cash bock only into Chase bank accounts now.

odd_dog — Wed, 18 Feb 2026 17:12:01 GMT

this IS disappointing, that leaves Citi as one of the last big holdouts I believe.....

Re: Chase cash bock only into Chase bank accounts now.

pizzadude — Wed, 18 Feb 2026 17:16:30 GMT

@swankytiger wrote:
Just got an email from chase stating

Beginning ‌3/27/2‌6, you will no longer be able to redeem for a cash back deposit from your Chase Freedom®, Chase Sapphire®, or Chase Ink® credit card(s) to an account held by a financial institution other than Chase. You can continue to redeem for a cash back deposit to an eligible U.S. Chase account or redeem your rewards as an account statement credit.

Thanks for sharing this, not too surprising they're trying to hang on to those reward $$ as long as possible. I did notice that Cap1 offers the option to snail mail a physical check so others haven't totally switched in that direction yet.

Re: Chase cash bock only into Chase bank accounts now.

bs1234 — Wed, 18 Feb 2026 17:27:09 GMT

I believe that, for now, statement credit is still 1:1. The crunch will come if like e.g. Smartly, redeeming for statement credit is worth less than putting into a bank account.

Re: Chase cash bock only into Chase bank accounts now.

crystal626 — Wed, 18 Feb 2026 18:53:08 GMT

This change sucks. This is how I redeem my cash back for my Flex and Unlimited. Seems like it doesn't apply to the Amazon card for now though at least.

Re: Chase cash bock only into Chase bank accounts now.

Varsity_Lu — Wed, 18 Feb 2026 19:31:20 GMT

Wouldn't it just be easier to redeem for statement credit and then bank the cash that you would have paid toward your balance? Money is fungible so it doesn't make any difference where it comes from.

Re: Chase cash bock only into Chase bank accounts now.

swankytiger — Wed, 18 Feb 2026 19:42:02 GMT

@Varsity_Lu wrote:
Wouldn't it just be easier to redeem for statement credit and then bank the cash that you would have paid toward your balance? Money is fungible so it doesn't make any difference where it comes from.

For chase cards it doesnt matter too much, but for something like the Citi Double Cash where that 2nd 1% is only when you pay it off, a statement credit doesnt count as payment for the 1%.

Re: Chase cash bock only into Chase bank accounts now.

crystal626 — Wed, 18 Feb 2026 19:47:19 GMT

@Varsity_Lu wrote:
Wouldn't it just be easier to redeem for statement credit and then bank the cash that you would have paid toward your balance? Money is fungible so it doesn't make any difference where it comes from.

I just like having the money sent to my checking account and then using that money to pay the bill as well. In the grand scheme of things it doesn't matter all that much but it's still annoying to have to change how I do things.

Re: Chase cash bock only into Chase bank accounts now.

odd_dog — Wed, 18 Feb 2026 19:57:40 GMT

@Varsity_Lu wrote:
Wouldn't it just be easier to redeem for statement credit and then bank the cash that you would have paid toward your balance? Money is fungible so it doesn't make any difference where it comes from.

But you have to SPEND to get, the TRUE cash back is where I can get it as cash if the card is sock drawered....

Re: Chase cash bock only into Chase bank accounts now.

zerofire — Wed, 18 Feb 2026 22:23:02 GMT

Just got the notice this morning. I think the change is a massive nuisance since they probably will be doing direct deposits on the credit that they applied to the account.

Re: Chase cash bock only into Chase bank accounts now.

Salahh — Wed, 18 Feb 2026 23:11:45 GMT

Is this across the board or targeted to specific customers?

I also got the email, and at the bottom it says:

"About this message:

You have received this email to give you updates and information about your Chase relationship."

Re: Chase cash bock only into Chase bank accounts now.

swankytiger — Thu, 19 Feb 2026 02:03:37 GMT

@Salahh wrote:
Is this across the board or targeted to specific customers?

I also got the email, and at the bottom it says:

"About this message:

You have received this email to give you updates and information about your Chase relationship."

across the board except the Amazon card.

Also apparently you can still use it for statement credit then message and get them to send the positive balance as a check. but much more hassle.

Re: Chase cash bock only into Chase bank accounts now.

ptatohed — Thu, 19 Feb 2026 02:24:38 GMT

@odd_dog wrote:
@Varsity_Lu wrote:
Wouldn't it just be easier to redeem for statement credit and then bank the cash that you would have paid toward your balance? Money is fungible so it doesn't make any difference where it comes from.
But you have to SPEND to get, the TRUE cash back is where I can get it as cash if the card is sock drawered....

Yeah but you wouldn't have any cash back unless you have already spent. So unless you have more cash back then your current bill, you will be fine. The only time your CB would exceed your current bill is if you were hording unclaimed CB or - of course - the dreaded minimum redemption.

Re: Chase cash bock only into Chase bank accounts now.

FicoMike0 — Thu, 19 Feb 2026 02:45:22 GMT

My only chase card is prime and I just use it to pay for prime purchases. Chase is one of the few cards I don't also have a deposit account with.

Re: Chase cash bock only into Chase bank accounts now.

Follower — Thu, 19 Feb 2026 15:07:35 GMT

I got the email too. As @Varsity_Lu points out, it's all the same amount of money anyway. But, as with @crystal626, I did prefer getting all rewards deposited into my checking account if possible, and was pleased when Comenity introduced the feature to the AAA DAV. (The list of perks Bread gives you that Chase does not is not a large one, but it did just get slightly longer.)