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Trading212 1.5% cashback on spending

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24

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  • slinger2
    slinger2 Posts: 1,011 Forumite
    1,000 Posts First Anniversary Name Dropper
    It's all a mystery to me. "Keep your cashback investing enabled to maintain the 1.5% rate". So I'll leave the "Invest cashback" on (in the "card" tab, 4th along the bottom in the app)

  • jbrassy
    jbrassy Posts: 1,028 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Is this cashback rate available to current customers? If so, how do you opt in?
  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,532 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Not worth the effort for me then imo.

    The little money I do make would probably get swallowed up by fees, thereby no true 1.5% return.

    Placed on the CBA pile.
  • wmb194
    wmb194 Posts: 4,964 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Not worth the effort for me then imo.

    The little money I do make would probably get swallowed up by fees, thereby no true 1.5% return.

    Placed on the CBA pile.
    What fees?
  • jbrassy
    jbrassy Posts: 1,028 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Not worth the effort for me then imo.

    The little money I do make would probably get swallowed up by fees, thereby no true 1.5% return.

    Placed on the CBA pile.
    What fees? I have the card already and don't get charged fees
  • slinger2
    slinger2 Posts: 1,011 Forumite
    1,000 Posts First Anniversary Name Dropper
    Realistically it probably only appeals to those who've already got the Trading212 debit card (available via their non-ISA "Invest" account). Who's been offered the promotion I wouldn't know. I would assume that they've seen a drop-off in their card usage since the previous offer ended at the start of the year and are trying to get some of us back into the habit of using it.

    The "Invest cashback" aspect is a little odd but I suppose they're trying to encourage the use of that feature.
  • danny13579
    danny13579 Posts: 723 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    jbrassy said:
    Is this cashback rate available to current customers? If so, how do you opt in?
    No, not all current customers. You can only opt in if you receive the offer. How they have chosen who gets the offer I have no idea!
  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,532 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    wmb194 said:
    Not worth the effort for me then imo.

    The little money I do make would probably get swallowed up by fees, thereby no true 1.5% return.

    Placed on the CBA pile.
    What fees?
    Are you telling me that you can invest with Trading212 for free?

    First platform I have come across if that is the case.
  • sausage_time
    sausage_time Posts: 1,499 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    No platform or transaction fees. https://www.trading212.com/terms/invest
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,532 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    No platform or transaction fees. https://www.trading212.com/terms/invest
    :+1: Switched on. 

    Earned £2.47 cashback in April, so not life-changing sums anyway :smile:
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