Trading 212 Card Review (2025) with 1% Cashback & Zero FX Fees
I've been analyzing investment platforms for years, and one trend that's catching on is the integration of banking features with investment accounts. Trading 212 has joined this movement by introducing the Trading 212 Card, a Mastercard-backed debit card designed to bridge the gap between your investment activities and everyday spending.
Having tested numerous financial products, I can tell you that this offering brings some compelling features to the table. Let's dive into what makes this card stand out and whether it's worth adding to your financial toolkit.
Key Features and Benefits of the Trading 212 Card
Attractive Cashback Rewards
One of the most appealing aspects of the Trading 212 Card is its cashback program. Currently, cardholders enjoy 1% cashback on all purchases made with the card though it's worth noting there's a monthly cap of €15 on cashback earnings.
This makes it one of the best free cashback cards available in the UK & Europe.
Competitive Currency Exchange Rates
If you travel frequently or make international purchases, you'll appreciate the card's favorable foreign exchange terms. The Trading 212 Card applies just a 0.15% foreign exchange (FX) fee on international transactions.
Unlike many other cards that increase their fees during weekends, Trading 212 maintains this consistent rate throughout the week. When compared to traditional bank cards and even some dedicated travel cards, this rate is notably competitive.
Impressive Interest on Uninvested Cash
Perhaps one of the most attractive features is the high interest, over 4%, depending on which currency, on uninvested cash sitting in your Trading 212 account. This rate significantly outperforms many traditional savings accounts and creates a compelling reason to keep some cash in your account.
It's important to understand that this interest is generated through Qualifying Money Market Funds (QMMFs) rather than a traditional deposit scheme. This means these funds aren't covered by the Financial Services Compensation Scheme (FSCS), introducing a minimal but potenial risk to your capital.
Multi-Currency Support
The Trading 212 Card supports 13 different currencies, making it an excellent choice for international travelers or those who regularly deal with multiple currencies. This feature eliminates the need to maintain separate currency accounts and simplifies your financial management.
ATM Withdrawals
Cash access remains important for many of us, and the Trading 212 Card allows for ATM withdrawals up to £400 per month without additional fees. If you need to withdraw more than this amount, you'll incur a 1% fee on the excess, which is still relatively reasonable compared to some other financial products.
Card Options
You have flexibility in how you use the card:
- A free virtual card is available immediately for online transactions via Apple Pay or Google Pay.
- A physical card can be ordered for a one-time fee of £4.95, ideal for in-store purchases and ATM withdrawals
The virtual card option is particularly appealing for those who primarily shop online and prefer not to wait for a physical card to arrive.
How the Trading 212 Card Works
The mechanics behind the Trading 212 Card are straightforward. The card links directly to the uninvested cash in your Trading 212 Invest account. Whenever you make a purchase or withdrawal, the amount is deducted from this balance, leaving your investments untouched.
The card functions like any standard debit card, complete with contactless payment capabilities and PIN protection. It works with both Google Pay and Apple Pay.
Exclusive Promotion: Get up to €100/£100 bonus as a fractional share
I'm excited to share that new Trading 212 users can receive a generous up to €100 or £100 bonus in the form of a fractional share when signing up with our exclusive promo code MMB. This limited-time offer provides an excellent opportunity to jumpstart your investment journey with Trading 212.
To claim this bonus:
- Register for a new Trading 212 account
- Enter promo code MMB during the signup process
- Meet the minimum deposit requirements
- Start investing and enjoy your bonus
For complete details about this promotion, including terms and eligibility requirements, check out our dedicated Trading 212 promo code page.
Advantages of the Trading 212 Card
Integrated Financial Management
One of the biggest advantages of the Trading 212 Card is how it simplifies your financial life by combining your investment and spending accounts. This integration provides a clearer overview of your finances and reduces the need to transfer funds between separate accounts.
For those already using Trading 212 for investments, this seamless connection between investing and spending can significantly streamline money management.
Competitive Cashback and Interest Rates
The combination of 1% cashback on purchases and over 4% interest on uninvested cash creates a compelling value proposition though it has a low monthly cashback limit of €15. These rates are competitive even when compared to dedicated cashback cards and high-interest savings accounts.
Low Foreign Exchange Fees
With a 0.15% FX fee, the Trading 212 Card ranks among the most competitive options for international transactions. This feature is particularly valuable for frequent travelers or those who regularly make purchases in foreign currencies.
Potential Drawbacks to Consider
Physical Card Fee
The £4.95 fee for a physical card might be a minor drawback for some users, especially when many traditional banks offer physical cards for free. However, this is a one-time fee rather than a recurring charge, and the virtual card option remains free.
Spending and Cashback Limits
The €15 monthly cap on cashback earnings might be restrictive for high-spenders. Similarly, the £400 monthly limit on fee-free ATM withdrawals could be constraining for those who frequently use cash. These limitations are important considerations when evaluating whether the card aligns with your spending habits.
Who Should Consider the Trading 212 Card?
The Trading 212 Card is particularly well-suited for:
- Existing Trading 212 users looking to simplify their financial ecosystem
- Investors who maintain a cash buffer and want to earn competitive interest
- International travelers seeking favorable foreign exchange rates
- Those who appreciate cashback on everyday spending
- New investors looking to take advantage of the up to €100/£100 bonus offer with a free fractional share with promo code MMB
If you're still exploring different investment platforms, take a look at our comprehensive broker reviews to compare Trading 212 with other options available in the market.
Conclusion
The Trading 212 Card represents a thoughtful integration of investment and spending capabilities, offering a compelling package of cashback rewards, competitive FX fees, and attractive interest rates on uninvested cash.
For existing Trading 212 users, adding the card to your financial toolkit is almost a no-brainer. For those new to Trading 212, the platform's competitive investment offerings combined with the card benefits and the exclusive up to €100/£100 bonus with promo code MMB create an enticing package worth serious consideration.
Before making any decision, I recommend assessing whether the card aligns with your financial goals, spending habits, and risk tolerance. If you're interested in learning more about Trading 212 as an investment platform, check out our detailed Trading 212 review for a comprehensive analysis.
Frequently Asked Questions
Is the Trading 212 Card available in all countries?
The card is currently available to Trading 212 customers in the UK and most EU countries. Availability may vary based on your residence, so check the Trading 212 website for the most current information.
How does the cashback get paid out?
Cashback earned from card purchases is automatically credited to your Trading 212 account and it's paid daily to your main balance after the transaction's status changes to 'Completed'.
Can I use the Trading 212 Card to fund my investments?
The Trading 212 Card is designed for spending the uninvested cash in your account, not for funding it. To add funds to your Trading 212 account, you'll need to use the platform's standard deposit methods.
What happens if I try to spend more than my uninvested cash balance?
Transactions that would exceed your uninvested cash balance will be declined. The card doesn't offer an overdraft facility.
Is there a minimum deposit required to apply for the card?
There's no specific minimum deposit required solely for the card. However, to maintain an active Trading 212 account, you'll need to meet the platform's minimum deposit requirements.
Can I still earn interest on my uninvested cash if I use the card?
Yes, you'll continue to earn interest on your uninvested cash balance, even as you use the card for purchases. The interest is calculated based on your daily balance.
How do I activate the up to €100/£100 bonus with the MMB promo code?
Enter the promo code MMB during the account creation process and meet the minimum deposit requirements. For specific details about the promotion, refer to our Trading 212 promo code page.
When investing, your capital is at risk. Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. This information is not investment advice. Do your own research.
