The Trading 212 Card - Everything You Need to Know (Initial Review)

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Timestamps:

0:16 - What is the Trading 212 Card?
1:10 - Details about the card
2:12 - Cashback details 0.5%
3:22 - Multi-currency support details
4:27 - Interest on cash
5:59 - How does it compare to the competition?
8:02 - Who is this for?
9:12 - Pros and Cons

[UndisturbedMonk]

Still early days, but judging by how fast 212 is moving, I'm sure this card is only gonna get better!

[danielhamilton]

Chase is better for spending abroad uses the same Mastercard interbank exchange rate with no fees ever. Also double the cash back I’d only use trading 212 once I’ve maxed out chase cash back and while the 5.2% is nice I’d rather have the government protection at a rate of 5.1% and then continue to invest as normal with average returns higher than 5.2%. But great video thanks

[CentreMetre]

Im just starting trading/investing and chose 212, and avoided this card for the first couple days since i assumed there would be some massive draw back, but it doesnt look like it, thanks for the video, i wouldnt have known otherwise. Definitely more likely to get it now

[glennwhitlock]

Tried Revolut in Portugal, nothing. Nobody accepted it (small city in the north). Totally fuss-free card, Halifax Clarity. No exchange fees. ATM fees apply, but minimal (and avoid totally by paying off as soon as it appears on your account).

[isurujosh]

Trading212, you rock the world!!! Now really looking forward to the SIPP.

[travellerseko]

For travelers, I believe Wise is the best one. Then Monzo and starling.

[riddlergorshin]

Will t212 eventually become a bank. I’d love it not having to transfer funds in!

[novinfard]

Also it’d be good to compare it with WISE.

[RyanChadwick-hxpx]

It comes up as a corporate card, so be careful some online sites charge you 3% for using the card. Trading 212 don't have a clue about the card, the amount of time getting passed around by staff, and said no chargebacks are allowed, they don't know how to do it.

[TomsPersonalFinance]

Nice overview, Toby. I was a bit disappointed it didn't launch with Google Pay support. I don't tend to carry my wallet with me these days and just use my phone, so I'll be waiting for that support to be added.

[vids]

Yes would love an update, please link to this one if possible

[paultozer]

Kinda similar to wise who I use to transfer my work shares into cash as it comes in USD. You can have multiple currency accounts and have interest invested in money market, stocks or just normal interest

[Old_Brass_Teeth]

If you want to use the max daily spend (9k) on the card you need to verify your payment methods into your trading 212 account.

[ZenoGotWet]

Dooesnt quite work for me. Chase gives me 1% and ni interest.
This gives me .5 and 5.2 interest. I spend approx 500-2000 a month and keep topping up to a 1000, I top ip from the chase savings account which is 4.7%

Not worth the extra hassle even if it is slightly better.

Still a big fan off T212 and will be having this years ISA there.

[popinjay]

for cash isa purposes please note trading 212 does not allow transfer ins any more, presumable until they lower the interest paid out

[Discrepancy]

I’m sure they can give loads of perks and a great return, as you do a forex trade like 270, 000 GBP/USD and you take the green, then you do the same trade 4.5 minutes later, same direction, almost identical but suddenly your stop loss triggers and you say WHAT!! WHAT HAPPENED!
When your statement comes you notice the 3, 520% increase in the mark up (very liquid mark up) on the spread !!

[SpaceMonkey]

i got this card without knowing much about it, informative video, thank you

[daveinthailand]

I used 212 for 4 years when in UK
Now retired in Thailand do you know if they accept clients for Thailand
And does the card still apply
Thanks

[rezashams]

Do we need to pay tax for the interst rate in the card?

[absynth]

Is the interest earned on uninvested cash taxable? Can I use it like a cash ISA?