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. |
Activate “Invest cashback” and maintain at least one active qualifying subscription on your 212 Card to earn 1.5% cashback on eligible card purchases. You can earn up to £15 or €15 per month, depending on your account currency.
📄 Note
When investing, your capital is at risk, and you may get back less than invested. Past performance does not guarantee future results.
What are the eligibility criteria?
To earn 1.5% cashback on your 212 Card, you must meet both of the following criteria:
- Activate Invest cashback: You must manually activate this in the app. All cashback earned under the programme is automatically reinvested into a Pie of your choice.
- Have at least one active qualifying subscription detected on your 212 Card: This must be a recurring payment billed at intervals of no more than one month (for example, weekly, every two weeks or monthly, such as Netflix, Spotify or Amazon Prime Video).
Subscriptions are detected automatically from your card transactions. Annual or irregular payments do not currently qualify.
❗️ Important
Your base rate is 0%, with 1.5% available once both criteria are met. Both requirements must be active at the same time to earn cashback. Cashback cannot be received as Cash - all earned cashback is automatically invested into financial instruments, where your capital is at risk.
Why did my cashback rate change?
Trading 212 UK Ltd. and Trading 212 Markets Ltd.
The 1.5% promotional campaign ended on 31 July 2026. From 1 August 2026, the standard eligibility model applies: the base rate is 0%, with 1.5% available when both criteria are active.
If you already accepted the previous promotional campaign, you do not need to accept the programme again. Your existing acceptance carries over automatically. If “Invest cashback" is active and a qualifying subscription is detected, your 1.5% rate should continue without interruption.
If either criterion is missing, the rate is 0% until both are active.
Trading 212 EU GmbH
The 2% promotional rate remains in place until 6 August 2026. Starting from 7 August 2026, the new eligibility model applies: a 0% base rate, with 1.5% available when both criteria are active.
If you accepted the previous promotion, no additional acceptance is required when the new rules take effect.
❗️ Important
The 5-business-day grace period described below, only applies if an active subscription lapses later on. There is no grace period when the new rules take effect—all eligibility criteria must be met immediately.
Why am I not receiving cashback?
Your cashback rate is 0% whenever either eligibility criterion is missing. Check the Card Home screen to see whether “Invest cashback” and a qualifying subscription are both active.
To restore 1.5% cashback, activate “Invest cashback” and ensure at least one qualifying subscription is detected. Your rate updates automatically once both are active.
You will not lose cashback already earned or credited.
If both criteria are active but your rate has not updated, please contact us.
What is “Invest cashback”?
“Invest cashback” is a feature that automatically invests your earned cashback into a Pie of your choice in the Trading 212 app. Under the programme, all cashback is invested - it will no longer be paid directly to your spending pot.
To activate it, open the app and go to the “Invest cashback" section, then select a Pie. You must do this manually; it is not activated automatically.
❗️ Important
When “Invest cashback” is active, your cashback is automatically invested into a Pie of your choice (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. “Invest cashback” is not a savings or deposit product.
More information on how to enable the option, including how to change a Pie, can be found here.
What counts as a qualifying subscription?
A qualifying subscription is a recurring payment charged to your 212 Card at intervals of no more than one month, for example weekly, every two weeks or monthly. 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.
Examples include streaming services (Netflix, Disney+), music platforms (e.g. 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 “Invest cashback”: Open the Trading 212 app, go to the “Invest cashback” section, and select a Pie.
- Ensure a subscription is active on your 212 Card: Use your card for at least one qualifying recurring payment billed at intervals of no more than one month. 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 “Invest cashback”, 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%.
- 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 “Invest cashback” and ensure a qualifying subscription is active on your card - your rate will update automatically.
I accepted the previous cashback promotion. Do I need to do anything?
No. If you accepted the previous 1.5% promotional campaign, you do not need to accept the cashback programme again. Your existing acceptance carries over.
For Trading 212 UK Ltd. and Trading 212 Markets Ltd. accounts, there should be no interruption from 1 August 2026 solely because you were not asked to accept again, provided both eligibility criteria are active.
For Trading 212 EU GmbH accounts, you'll continue to earn the promotional 2% cashback automatically until 6 August 2026. No activation is required if you issued your card before 7 August 2026. If your card is issued after this date, you'll need to activate the Cashback Programme and meet both eligibility criteria to continue earning cashback.
If your rate is 0%, check that both criteria are active. If they are and the rate has not updated, contact us.
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 and paid for each eligible transaction when the amount earned is at least £0.01, €0.01 or the equivalent in your account currency.
Fractional amounts below one penny, cent or equivalent are carried forward. Once they add up to one full unit of the relevant currency, such as £1 or €1, they are paid to you.
The cashback paid to you during the month is invested into your chosen Pie once a month. You will receive a push notification when the investment is complete.
What applies to clients registered under Trading 212 EU GmbH?
Clients registered under Trading 212 EU GmbH earn 2% cashback until 6 August 2026.
From 7 August 2026, you move to the eligibility model. Your base rate becomes 0%, with 1.5% available once you activate “Invest cashback” and have an active qualifying subscription on your card.
Why is a transaction showing as a subscription when it is not one?
We automatically identify transactions that appear to be recurring payments and display them as subscriptions to help you keep track of upcoming expenses.
In some cases, a transaction may be incorrectly recognised as a subscription. This is only an estimate based on your transaction history and does not mean that a recurring payment has been set up.
- If the transaction is not an actual subscription, no future payments will be charged as a result of it being displayed in the Subscriptions section.
- If a transaction has been incorrectly identified, you can remove it from the Subscriptions section by opening the subscription details and selecting the option to unmark it as a subscription.