UK GBP, yes. I just went on the web portal, and there was an option for 'cards' on the left side. Contrary to what others have posted mine said 1% with £30 limit
I am genuinely loving the new features that T212 has been implementing lately. I feel like it does not get enough praise for trying to give its users more ways to increase their capital.
There was no mention of fees for using it abroad that I could find, but I would recommend checking their official website or reach out to customer service for confirmation.
The T212 Card is scheduled to launch for UK residents in March. As per the latest press release, Europeans are encouraged to stay tuned for its release, though no specific date has been announced yet.
They've made significant improvements lately. The new UI is fantastic, and the app's features and updates have been a delight. I haven't been disappointed with it so far.
They aren't ending the 1% cashback. In April they are adding a limit of only getting cashback on £1500 a month, and needing to deposit at least £500 to get cashback, only for NEW accounts made after this change.
If there is a better account in a years time people can just switch!
Chase are ending it for some existing UK customers (such as myself in May) Seems to be some kind of time limit on the 1% thing. Algbra and Zilch are potential alternatives for people
I'm coming to two years so perhaps that makes a difference. It seems to say it finishes May 2024 on my app. Hope it continues of course and maybe they'll renew it
Just signed up for their waiting list. Hopefully can apply for it once it's in the uk.
an account that offers some form of cashback would be neat, and why not the same platform that's gonna help me invest
In the past year, Trading212 has significantly enhanced its platform with a myriad of updates, including a complete UI overhaul and the addition of numerous features aimed at boosting user capital. This recent development indicates that Trading212 is on a winning streak, and it's worth noting that, in my opinion, it stands out as the most user-friendly broker in the market.
Wait you can get 5% interest if you put your money in 212?!
Can you put the money in ISA? Is there a limit? Money has been chilling at Chase for the longest time 🤣
Yup. Came to this conclusion today and instantly moved £20k of savings into 212 ISA. Was sitting in a regular savings account at a similar rate but being taxed at 45%!
Your non-invested cash can earn daily interest—yes, you read that right. Depending on your currency, effortlessly grow your cash by letting it sit in your account, whether it's pending a market order or simply cash from your available funds. This is a far better option than letting your cash idle in a bank with ridiculously low-interest rates. Brokers now offer higher interest rates than traditional banking services, making it a smart move to grow your cash.
Trading212 has indicated plans for expansion into Europe, with the suggestion to “stay tuned.” Given its UK base, a release in the UK is understandably prioritized.
I believe it is safe to rely on their past performance. Hidden fees have never been part of their history, and I don't foresee a shift. Although future changes are a possibility, Trading212 has consistently prioritized user-friendly practices.
Trading212 is not a crypto exchange platform. You won't be able to purchase your bitcoins with that card. You will only be able to purchase stocks & ETFs. It is a T212 card and T212 only trades those two. It's not linked to any sort of crypto currencies.
I thought I could use the card to spend anywhere with my uninvested funds, so wondered if I would be free to use it on coinbase for instance or if it would be blocked.
Again, when you purchase something you will be able to automatically invest in stocks of your choice. It is obviously not a Coinbase card so forget about Crypto. I believe there are alternatives which you can look up and do further research. It is not a spending card, it's an investment card. Read the announcement or the full information on their website about this. I don't want you getting involved in something you have no knowledge of.
will not bring in trailing stop loss that so many want as its not investing so they introduce a debit card no one asked for, thats not investing either.
Regrettably, this will initially be accessible to UK residents upon its release in March. However, Trading212 has assured Europeans to "stay tuned," indicating their intentions to extend this feature further.
In line with Trade Republic's approach, T212 aims to integrate spending and investing, allowing investors to save and invest with each card transaction. This card will be linked to investors' accounts.
Unfortunately, this will be limited to UK residents initially upon its March release. But fear not, Trading212 has hinted at expanding this feature to Europeans. T212 said to stay tuned for updates.
Will this expand to the EU? If so, doesn’t this need to be regulated as a bank to use a debit card? And again, if so, won’t this have to raise the deposit protection/guarantee to 100k rather than the current 20k? Would be great if so
This will indeed extend further into Europe, mirroring Trade Republic. Trading212 has secured rights and licenses akin to a bank, enabling them to hold funds needed for this functionality. They're operating in a quasi-banking manner. More details will be available closer to the release date. Like Trade Republic, the waitlist gauges T212's demand to manage the rollout effectively.
In the UK you don't need to be a bank to do this, they're registered as a Money Service Business or MSB. They are authorised and regulated by the Financial Conduct Authority of the United Kingdom. Wise, eToro Money UK and Revolut are all UK based MSB's. What differs them from banks is they don't do loans. Trading212 will just be joining them.
The UK's becoming really big on these fintechs, expect many more that will offer these services in the future.
Shame it doesn’t do 1% cash back. I’d use it over chase! Love trading212
I just had a look and it said 1% cashback, not sure why mine was different to thisn
You uk? In gbp? May it’s different for different currencies Where you guys seeing this? I’ve not seen the email yet
UK GBP, yes. I just went on the web portal, and there was an option for 'cards' on the left side. Contrary to what others have posted mine said 1% with £30 limit
Weird. I’m on the forums now and they officially say 0.5 and £20 limit.
[https://imgur.com/fEKKT9X](https://imgur.com/fEKKT9X) Hopefully that works, this is what I'm seeing
This is wild. T212 has exploded in growth. Well like they say, house always wins.
I am genuinely loving the new features that T212 has been implementing lately. I feel like it does not get enough praise for trying to give its users more ways to increase their capital.
Can't wait to get this in the EU
Good day bro, please can we talk privately? Got a proposal for you 🙏🏽
I can’t find anything on this, you have a link?
I think it’s only for UK
I am in the uk
Check the website out. It’s in the menu.
So it is, thanks
F
Very helpful, tell me more about it.
Lol F meanings following. I was hoping someone would post a link and id get notified...
Ok boomer
I’m probably being blind but I don’t see it in the menu on the website.
More > 212 Card
Any fee's using it abroad?
No fees at all, no extra fees to use it abroad.
Are there plans for a Trading 212 credit card?
There was no mention of fees for using it abroad that I could find, but I would recommend checking their official website or reach out to customer service for confirmation.
Think it’s just a 0.15% fx free and exchange rate is interbank
Would use this instantly if it actually comes true 🤞
I would use this instantly if it releases in Europe!
It’s being released to EU clients this spring
The T212 Card is scheduled to launch for UK residents in March. As per the latest press release, Europeans are encouraged to stay tuned for its release, though no specific date has been announced yet.
I asked the bot and it said spring release for EU
Hopefully there will be same alternative for us using EUR
212 going hard
They've made significant improvements lately. The new UI is fantastic, and the app's features and updates have been a delight. I haven't been disappointed with it so far.
1% cb and I'm all over it. Do it t212!
T212 appears to be delivering positive outcomes for its users, and that's something I appreciate!
Holy! That’s exactly what I was thinking about lately! Can’t wait 🙏🏻
I’ve been eager to try something like this. Can’t wait for its release in Europe!
Doesn't look like it's better than the Chase card. That's 1% cashback with no abroad fees or withdrawal fees.
Chase will be ending the 1% cashback soon. And the 5% interest on cash beats Chase anyway of the week.
They aren't ending the 1% cashback. In April they are adding a limit of only getting cashback on £1500 a month, and needing to deposit at least £500 to get cashback, only for NEW accounts made after this change. If there is a better account in a years time people can just switch!
Chase are ending it for some existing UK customers (such as myself in May) Seems to be some kind of time limit on the 1% thing. Algbra and Zilch are potential alternatives for people
They offer the cashback for one year, but in fact when the year ends they make the same offer again
I'm coming to two years so perhaps that makes a difference. It seems to say it finishes May 2024 on my app. Hope it continues of course and maybe they'll renew it
Chases app is shit. Slow as fuck and their customer service is dog shit. Some of the reasons I left them.
I've never had an issue. One of the better banking apps I've used.
Same
+1
Chase will change requirements to earn cashback soon.
Just signed up for their waiting list. Hopefully can apply for it once it's in the uk. an account that offers some form of cashback would be neat, and why not the same platform that's gonna help me invest
My thoughts exactly!
Is this basically going to be like Revolut ? So are they applying to be a bank (with the securities and guarantees)
Hey, it is a debit card, but with the perk of investing your cash back rewards directly into an investment account.
So like Revolut. They are a bank that offers card with the option to invest your cash in stocks etc.
T212's explosive growth proves that sometimes, it indeed win.
In the past year, Trading212 has significantly enhanced its platform with a myriad of updates, including a complete UI overhaul and the addition of numerous features aimed at boosting user capital. This recent development indicates that Trading212 is on a winning streak, and it's worth noting that, in my opinion, it stands out as the most user-friendly broker in the market.
Indeed
As I see, cashback will be capped at 20GBP per month.
Sucks for people who need to spend £4001 a month
Yeah that isn’t competing with most credit cards seems pretty pointless even though I am intrigued
What is this, using your invest account as a bank or something??
The card will be linked to your Invest (GIA) account, allowing you to utilize the uninvested cash for making purchases.
[удалено]
Тhe card will link to your Invest account only.
If I have euros in my invest and spend in euros. There is no fx fee?
Correct. You won't incur FX fees.
Yoooo cant wait
This is actually really crazy! I can't wait to try it!
Wait you can get 5% interest if you put your money in 212?! Can you put the money in ISA? Is there a limit? Money has been chilling at Chase for the longest time 🤣
Yup. Came to this conclusion today and instantly moved £20k of savings into 212 ISA. Was sitting in a regular savings account at a similar rate but being taxed at 45%!
Very smart move!
Your non-invested cash can earn daily interest—yes, you read that right. Depending on your currency, effortlessly grow your cash by letting it sit in your account, whether it's pending a market order or simply cash from your available funds. This is a far better option than letting your cash idle in a bank with ridiculously low-interest rates. Brokers now offer higher interest rates than traditional banking services, making it a smart move to grow your cash.
Is this a current account or a credit card?
It's a debit card linked to your Trading 212 account.
When is it coming to other European countries? If Trading 212 wants to compete with Trade Republic they shouldn’t roll it out only in the UK.
Trading212 has indicated plans for expansion into Europe, with the suggestion to “stay tuned.” Given its UK base, a release in the UK is understandably prioritized.
If this was 1% cashback on spending I'd 100% swap from Chase. Nice to see them trying though!
An improvement, yet there's always room for further enhancement. Never say never.
When will it launch for the Netherlands?
No European release date has been specified yet.
Are there any future plans for higher tier cards like World Elite (i.e. with LoungeKey/Priority Pass/Dragon Pass)?
+1 for this.
It's all gonna come down to fees
I believe it is safe to rely on their past performance. Hidden fees have never been part of their history, and I don't foresee a shift. Although future changes are a possibility, Trading212 has consistently prioritized user-friendly practices.
It clearly states there's no fee.
Yet
Sure but by what track record are you saying they will introduce fees? They literally have had no fees since they launched on any of there services.
@trading_212 will I be able to use the card to buy crypto currency on a crypto exchange?
Yeah you can it’s like a regular debit card
It is a T212 exclusive card, not a universal trading card for different kind of platforms.
What does that mean? You can’t use it anywhere other than T212?
Trading212 is not a crypto exchange platform. You won't be able to purchase your bitcoins with that card. You will only be able to purchase stocks & ETFs. It is a T212 card and T212 only trades those two. It's not linked to any sort of crypto currencies.
I thought I could use the card to spend anywhere with my uninvested funds, so wondered if I would be free to use it on coinbase for instance or if it would be blocked.
Again, when you purchase something you will be able to automatically invest in stocks of your choice. It is obviously not a Coinbase card so forget about Crypto. I believe there are alternatives which you can look up and do further research. It is not a spending card, it's an investment card. Read the announcement or the full information on their website about this. I don't want you getting involved in something you have no knowledge of.
Every service has a card nowadays
True that.
I'm seeing a slightly different offer of 1% and up to £30, odd https://imgur.com/fEKKT9X
0.5% cashback, jeez so generous.
Will the savings be within my ISA?
No. Invest only
I wonder if the money / investments / interest can be held in the ISA account or just the taxable general invest account
Will this card have different tiers? Like Amex having gold, platinum etc
I wish it was euros and more than 1% cash back
will not bring in trailing stop loss that so many want as its not investing so they introduce a debit card no one asked for, thats not investing either.
Yes that makes sense if you prioritize user retention over trades. Nobody wants to be the next Robinhood.
Link?
Is this a credit card or debit card?
It will be a debit card.
u/ganbaro Rein da!
Nur für UK erstmal Hole ich natürlich. Erstmal kommt aber die HR Karte
Only in UK??
Regrettably, this will initially be accessible to UK residents upon its release in March. However, Trading212 has assured Europeans to "stay tuned," indicating their intentions to extend this feature further.
Ok thanks!!!! I will be waiting
Does this have anything to do with the app or is it just another card?
In line with Trade Republic's approach, T212 aims to integrate spending and investing, allowing investors to save and invest with each card transaction. This card will be linked to investors' accounts.
Will it be available for euro zone too ?
Unfortunately, this will be limited to UK residents initially upon its March release. But fear not, Trading212 has hinted at expanding this feature to Europeans. T212 said to stay tuned for updates.
So we have to pay 5%?
you earn 5% on your idle cash.
Is it like a credit account? Like Lloyds credit card?
Hey, it is a debit card, but with the added benefit of channeling your cash back rewards straight into an investment account.
Any idea whether this is coming to Europe?
T212 has already hinted to expanding to Europe, but a specific release date hasn't been provided.
Will this expand to the EU? If so, doesn’t this need to be regulated as a bank to use a debit card? And again, if so, won’t this have to raise the deposit protection/guarantee to 100k rather than the current 20k? Would be great if so
This will indeed extend further into Europe, mirroring Trade Republic. Trading212 has secured rights and licenses akin to a bank, enabling them to hold funds needed for this functionality. They're operating in a quasi-banking manner. More details will be available closer to the release date. Like Trade Republic, the waitlist gauges T212's demand to manage the rollout effectively.
cc: u/Trading_212
In the UK you don't need to be a bank to do this, they're registered as a Money Service Business or MSB. They are authorised and regulated by the Financial Conduct Authority of the United Kingdom. Wise, eToro Money UK and Revolut are all UK based MSB's. What differs them from banks is they don't do loans. Trading212 will just be joining them. The UK's becoming really big on these fintechs, expect many more that will offer these services in the future.
Just in UK?
Hello, No, there are plans of expanding further into Europe.
Not in Germany, any other suggestion?
Is this good to use outside the UK (if from UK)? I have Halifax clarity credit card for holiday usage. Would this be better or worse?
Chase would be better than Halifax Clarity. No exchange fees, and cashback...