Posted by Chuck on April 15, 2019
Gift Card Deals

Published on April 15th, 2019 | by Chuck

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Chase Checking Customers can now Buy Digital Gift Cards in their Online Account

Chase announced today a new feature for Chase checking account customers to be able to send digital gift cards directly to any email address. You can send gift cards of more than 60 top retailers, including Starbucks, Sephora, Panera, Home Depot and more. This feature is available in your online Chase login as well as in the Chase mobile app.

You can even schedule a gift for the future and you can add a short message. Available denominations are $5 – $100.

Any Chase customer with a consumer checking account can send digital gift cards to a recipient in the US. Chase will keep improving digital gifting throughout the year.

The funds will be pulled from your checking account and won’t earn credit card rewards. I’d recommend against using this new Chase feature; instead, buy your gift cards from a retailer who accepts credit cards which makes it possible to earn rewards on the purchase.

Overall, this isn’t really interesting at all for actual use, but it’s a bit interesting that Chase is getting into the gift card sales business.



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Ann
Ann

I wonder how they plan to “keep improving” it.

MoreSun
MoreSun

“sales” when they realize they aren’t getting any sales? Fingers crossed!

Dan
Dan

Discount or GTFO

Hari
Hari

Word

Sevillada
Sevillada

Bird is the word

Joe
Joe

This is awesome

akjohnny
akjohnny

so why should we buy from chase instead of Krogers with 4x or Randalls who give 8x fuel points

MoreSun
MoreSun

I’m thinking you aren’t their target audience.

Sevillada
Sevillada

Nobody is

Joe
Joe

Amen for the people who take advantage of this service!!! It’s thanks to their financial foolishness that Chase has oodles of money and can afford to take a few hits from us here and there.

no@no.no
no@no.no

Looks like a huge gaping security hole. I’m pretty sure there’s no bank website that allows you to quickly drain a checking account. You have to link it to another bank account and initiate an ACH transfer, or add a biller and schedule a payment. Even with instant Zelle transfers the recipient must claim it via Zelle or supported bank, so it’s traceable.

If this e-gift card gifting is instant and irreversible and someone obtains your login credentials, they can quickly drain your checking account by sending the GCs to themselves and reselling them to legitimate but unsuspecting customers, instantly scamming multiple parties in the process. Have fun getting your money back and fighting any potential overdrafts, returned checks, or missed bill payments.

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