1.5% Cashback with Trading212

Trading212 has announced that for the summer of 2024 they’ll be boosting cashback when using their card from the usual 0.5% to 1.5% (source).

With this change they are now industry leading, beating out both Amex and Chase.

Cashback is capped at £20 per month which means you’ll get 1.5 back on the first  £1333.00 you spend.

Getting things working with contactless

By default the Trading212 card will not work with contactless (Apple Pay/Google Pay). We can get around this however by using Curve which will let us add the Trading212 card and use it via the Curve contactless card.

Note that when signing up for Curve you’ll need to order a Physical card which costs £5.99.

Adding the card to Curve directly however raises a a show-stopping issue. The Trading212 card is classified as a commercial card and so Curve will charge 1.5% to use it, effectively wiping out our interest.

To get around this we can connect our Trading212 card to PayPal and THEN connect PayPal to Curve. So transactions look like the following

Apple Pay/Google Pay –> Curve –> Paypal –> Trading212.

Note that with this lengthy chain your payments will be more fragile than usual (payments may fail if any of the above services are down/under maintenance) so you’ll want to ensure you keep a backup card with you, or added to your contactless provider.