Trading212 1.5% cashback on spending

jbrassy

slinger2 said:

Just noticed that (for me) the 1.5% cashback offer has been extended by a couple of months, to 5 September. You have to have the "invest cashback" option on, and there's a monthly limit of £15 cashback.

Ditto. Pleasant surprise as I was planning to switch to using Lloyds Premier for its 1% cashback after July 5th. Guess I'll carry on using T212 for a bit longer.

wiseonesomeofthetime

I stopped it because I found that my cashback was not being invested at all, just sitting there doing nothing until it reaches something like £30 or so. 

As most of my spend is on a 0% credit card, I ditched the idea and using T212 tbh.

Interesting that the promotion has been excited though.

slinger2

wiseonesomeofthetime said:

I stopped it because I found that my cashback was not being invested at all, just sitting there doing nothing until it reaches something like £30 or so. 

As most of my spend is on a 0% credit card, I ditched the idea and using T212 tbh.

Interesting that the promotion has been excited though.

Not sure I understand the first bit. Mine gets invested when it gets to a £1.

However I would agree that it's not for everyone. If you're using their "Invest" account anyway, the debit card is a simple enough add-on. You've got to leave some uninvested cash in the account for the payments, but you can  get 4.35% interest on that, so that's no big deal.

moneytorques

Mine too has been extended to 5th September, this is my new account since Chase reduced there merchants to a similar match for my Santander 123 account.
I have the investment feature turned on with the app I don't really know if it's good value but it's in a small amount of profit currently.

wiseonesomeofthetime

slinger2 said:

wiseonesomeofthetime said:

I stopped it because I found that my cashback was not being invested at all, just sitting there doing nothing until it reaches something like £30 or so. 

As most of my spend is on a 0% credit card, I ditched the idea and using T212 tbh.

Interesting that the promotion has been excited though.

Not sure I understand the first bit. Mine gets invested when it gets to a £1.

However I would agree that it's not for everyone. If you're using their "Invest" account anyway, the debit card is a simple enough add-on. You've got to leave some uninvested cash in the account for the payments, but you can  get 4.35% interest on that, so that's no big deal.

Well my "invested cashback" was at £5.34 and the profit/loss chart never moved from 0.0%, despite the market clearly fluctuating during the three weeks or so it was in there. On digging into it, the impression I got was nothing would be invested until minimum £30 earned, so just gave up and withdrew the cash.

I only ticked invest tbh so that it separated the cashback from being paid directly back into the account, where you don't really notice it.

slinger2

Looks like the 1.5% cashback is ending on 5 September. Presumably it'll be back to 0.5% after that. I've got another card giving 1% so I'll be switching to that.

jbrassy

slinger2 said:

 I've got another card giving 1% so I'll be switching to that.

Lloyds Premier I assume?

slinger2

jbrassy said:

slinger2 said:

 I've got another card giving 1% so I'll be switching to that.

Lloyds Premier I assume?

Nationwide in my case. Switch to FlexDirect gives me 1% cashback for 12 months.

TheMod1

No sign of any extension, I guess I'll go back to my trusted CC which gives 0.5% on everything

slinger2

"Promo cashback rate ends on 30 November 2025"

So I won't need to get out that other card, at least not for a while