Trading 212 card review: is it any good?

Investment app Trading 212 has released a debit card to accompany its app that offers 0.5% cashback on your spending. But why does an investment app need a card, and is it any good?

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00:00 Trading 212 have released a debit card
00:47 What is Trading 212 and how does it work?
04:08 What cashback do I get?
05:57 Is it good for spending abroad?
08:15 What other features are there and do they cost extra?

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A B O U T A N D Y

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[StatzGFX]

Hi, great video. One important note is that the cash you earn interest on is your available cash and the balance for spending is taken from your available cash. So that information is incorrect. I have checked this personally and can confirm this, others have also confirmed this. That one thing changes a lot.

5.2% interest on balance and 0.5% cashback is a pretty lucrative offer.

[matissemoretti]

Hi Andy, it would be great if you could do a simple video on how you deal with your monthly income. I.e what bank account it should go into (briefly going over the competitive rates vs. Accessibility for current accounts (I know you did this fairly recently but would be great to see it in a concise video alongside other types of accounts) how to split up, where to keep your different savings I.e (short/medium/long/ISAs). Also, it would be helpful to incorporate stocks and shares, alt cards, investing accounts etc. I find myself moving money about unnecessarily sometimes, mainly from my chase account where I keep my current short term savings in the connected savings account (currently at 4.1% AER :/). Thanks for the 10/10 content, been watching you avidly since early dec 2023,

[rushy]

Can you explain the bit about the interest not stacking with the cash balance for the Debit Card. I've got the account myself and from the looks of it all the cash balance is gaining the interest, paid out each day. The spending I've done on the card goes directly from the uninvested cash balance. I might have missed something. The cashback has been a bit hit or missed for me, and can't find what is included in the cashback

[mowe]

im new to 212, customer service have been awsome, make sure your deposites are from a varifired account(this will help withdrawls go smoothly)
dont forget to mention the 1% cash back on all ISA deposits 24-25. £200 in total will = 6.2%

[AllCuriousQuestions]

Hi Andy, I live in Hungary, and we have to pay 15% taxes for investment earnings, and 28% for dividends, so by using this card I have to keep track on the payments to calculate my taxes, or is there an easier way?

[sakishrist]

01:05 You are telling me I can't buy a McFlurry with my McDonald's stock?

[reecie]

Some payment systems used by providers recognise this as a credit card unfortunately

[jackmiller]

so you get 5.2% APR plus 0.5% when you spend that cash on the card?

[notwkrail]

If managt to max cash Ias does investment account be cgt ?

[jjames]

Cash back looks better on Algbra and chase at the moment

[purplebass]

Can anyone help please with the UK tax position on interest earned. Currently, UK banks and building societies advise HMRC of interest earned. Is this the case with interest earned from a T212 account, or is it the account holder’s responsibility to declare? Does anyone know the answer please?

[mylifestyle]

I've got free cash in my invest account but can't deposit in my isa on it why can't I deposit

[powderpofgirls]

Is it better than using monzo or starling abroad?