The 212 cards are issued by Paynetics. Trading 212 provides you with the user interface and full customer support. Paynetics provides all card-related payment services. |
You can earn up to 1.5% cashback, but only by actively enabling Cashback Reinvest and maintaining an active monthly, bi-weekly, or weekly subscription on your 212 Card.
📄 Note
The Cashback Reinvest invests your cashback into a Pie of your choice. When investing, your capital is at risk, and you may get back less than invested. Past performance doesn’t guarantee future results.
What are the new eligibility criteria?
To earn 1.5% cashback on your 212 Card, you must meet both of the following criteria:
- Cashback Reinvest activated: You must manually turn this on in the app. All cashback earned under the new programme is automatically reinvested into a Pie of your choice.
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At least one active subscription detected on your 212 Card: A recurring monthly , bi-weekly, or weekly subscription payment (e.g. Netflix, Spotify, Amazon Prime Video, etc) must be detected on your card.
- Subscriptions are detected automatically from your card transactions.
- Annual or irregular payments are not in scope at this stage.
- Your subscription itself may carry a cost.
❗️ Important
Your base rate is 0%, with 1.5% available once both criteria are met. Earning 1.5% cashback requires you to activate the Cashback Reinvest feature (which invests your cashback into the market) and maintain an active paid subscription (such as Netflix, Spotify, etc.) on your 212 Card. These are two separate requirements that depend on each other.
When does this change apply to me?
You will receive advance notice by email before your change date. The updated programme rolls out in phases:
- New card customers joining from 07 June 2026 will be on the new eligibility model from the start. Your base rate is 0%, with 1.5% available once both criteria are met.
- Existing cardholders currently earning 0.5% will move to the new model from 7 June 2026. If both criteria are met by that date, your rate becomes 1.5%. If not, it drops to 0%.
- Existing cardholders currently earning 1.5% under the promotional rate will move to the new model from 1 August 2026. If both criteria are met, your 1.5% rate continues uninterrupted. If not, it drops to 0%.
❗️ Important
If you have not yet activated Cashback Reinvest and ensured your qualifying subscription is active, you must act before your individual change date to avoid your rate falling to 0%.
There is no grace period at the migration point. However, you can re-activate your eligibility at any time after your change date, and your 1.5% rate will be restored as soon as both criteria are met.
What happens if I don’t meet the criteria by my change date?
If either or both criteria are not active by your change date, your cashback rate will move to 0%. There is no grace period once the change takes effect for your account. You will not lose any cashback already earned or credited.
📄 Note
You can activate both criteria at any time after the change, and your rate will update to 1.5% automatically as soon as both are detected.
What is Cashback Reinvest?
The Cashback Reinvest is a feature that automatically reinvests your earned cashback into a Pie of your choice in the Trading 212 app. Under the new programme, all cashback is reinvested - it will no longer be paid directly to your spending pot.
To activate it, open the app and go to the Cashback Reinvest section, then select a Pie. You must do this manually; it is not activated automatically.
❗️ Important
When Cashback Reinvest is active, your cashback is automatically invested into a Pie (a portfolio of investments). This means your cashback is subject to investment risk.
The value of investments can go down as well as up, and you may receive back less than the amount of cashback originally invested. Past performance is not a reliable indicator of future results. Cashback Reinvest is not a savings or deposit product.
What counts as a qualifying subscription?
A qualifying subscription is any recurring monthly, bi-weekly, or weekly payment charged to your 212 Card. Subscriptions are detected automatically from your card transaction history - you do not need to register them manually.
📄 Note
Subscriptions are typically detected within 1-3 business days of a qualifying payment being processed on your 212 Card. If your subscription renews after your change date and the payment has not yet been processed, it may not be detected in time.
To avoid your rate dropping to 0%, please consider making at least one qualifying subscription payment that has been processed before your change date.
Examples include streaming services (Netflix, Disney+), music platforms (Spotify, Apple Music), and similar subscriptions.
Annual or irregular payments are currently out of scope. Certain recurring payments are also excluded, including rent, bill payments, and buy-now-pay-later schemes (e.g. Klarna).
If a subscription is not detected, you can contact us for further information.
How do I set up or restore my 1.5% cashback rate?
To earn or restore 1.5% cashback, complete both of the following steps:
- Activate Cashback Reinvest: Open the Trading 212 app, go to the Cashback Reinvest section, and select a Pie.
- Ensure a subscription is active on your 212 Card: Use your card for at least one recurring monthly, bi-weekly, or weekly payment. It will be detected automatically.
📄 Note
Once both are active, your rate updates to 1.5% automatically. You can track your eligibility status on the Card Home screen in the app.
What happens if I lose eligibility after enrolling?
- If you deactivate Cashback Reinvest, your rate drops to 0% immediately.
- If your subscription lapses, there is a 5 business day grace period.
- If no qualifying subscription is detected within those 5 business days, your rate drops to 0% and you will be notified.
- If both criteria are lost at the same time, your rate drops to 0% immediately.
📄 Note
To restore your 1.5% rate, simply re-enable Cashback Reinvest and ensure a qualifying subscription is active on your card - your rate will update automatically.
I currently earn 1.5% cashback - do I need to do anything?
Your current 1.5% rate is protected until 1 August 2026.
Before that date, you will need to have both Cashback Reinvest activated and at least one active subscription on your 212 Card to continue earning 1.5% from August.
- If both criteria are already in place, no action is needed - your rate will continue uninterrupted.
- If either criterion is missing, you will be notified and prompted to complete the setup ahead of 1 August 2026.
Is there a monthly cashback cap?
Yes. The maximum cashback you can earn is £15 per month for accounts in GBP, and €15 per month for accounts in EUR. Cashback above the monthly cap is not earned. The 1.5% rate applies to eligible card spend until the cap is reached.
💡 Example
If you spend £1,000 on eligible purchases in a month at the 1.5% rate, you would earn £15.00 cashback – which is exactly the monthly cap. Any eligible spend above £1,000 in that month will not earn additional cashback. For EUR accounts, the cap is €15 per month (equivalent to €1,000 eligible spend at 1.5%).
When is cashback credited to my account?
Cashback is calculated on your eligible card spend and credited to your account on a monthly basis. Once credited, it is automatically reinvested into your chosen Pie via Cashback Reinvest.
You will receive a push notification when your monthly cashback has been credited.
What is the current cashback for clients registered under Trading 212 EU GmbH?
Clients registered under Trading 212 EU GmbH currently receive 2% cashback, available until 31 July 2026.