Debit and credit customers of Chase can now receive offers from popular merchants thanks to Chase Offers.

Available on Chase’s mobile app, the US-based lender describes the feature as a way to find deals and earn statement credits.

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Chase Offers

Already launched, Chase Offers has deals from more than 150 merchants such as restaurants and retailers. Customers can add the offers through the app and utilise them through their eligible credit or cards.

In addition, there is no need for registration, coupons or vouchers. This could prove particularly handy considering the festive season approaching.

Merchants are also given a boost. They can directly reach out to Chase customers via the app, which according to the bank, has more than 32 million active users. Furthermore, personalised deals will be sent via email and, from December, will be available in the Chase Pay app.

“We are making paying with Chase more rewarding and simpler for our customers so they can keep more of their hard earned money when they shop at popular merchants,” said Abeer Bhatia, president, card marketing, pricing and innovation of Chase Card Services. “For merchants, it is an easy way to engage customers with great deals, while keeping checkout straightforward.”

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Chase going strong

Chase’s third quarter results highlight the strength of its retail banking franchise with another quarter of earnings ahead of forecasts.

For the three months to end September, Chase reported net income of $8.38bn, up 24.5% from the year ago quarter.

US tax cuts result in an effective tax rate of 21.6% down from 29.6% in the year ago quarter.

Chase third quarter retail banking highlights

  • Net income of $4.1bn more than doubled from $1.53 in Q317;
  • Average loans +2% and core loans up 6% year-on-year;
  • Average deposits up 4% y-o-y;
  • Client investment assets up 14% y-o-y;
  • Client investment assets up 14% y-o-y;
  • Credit card sales up 12% y-o-y, and
  • Merchant processing volume rose by 14% y-o-y.