How does 212 Card cashback work?

To earn 1.5% cashback on your 212 Card, you must meet both of the following criteria:

1. 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.
2. Have at least one active eligible subscription detected on your 212 Card: This must be a payment that recurs on a regular cycle of at least five days and no more than one month (for example, weekly, every two weeks or monthly, such as Netflix or Amazon Prime Video).

We use transaction information received from merchants and payment providers to identify subscriptions. Check the Subscriptions section of the app to see whether we have identified your subscription as active. Identification may not be immediate or always possible, it depends on how the merchant processes the payment. See “What counts as an eligible subscription?” below for more information.

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.

Your subscription may not yet have been identified because:

• The payment is still pending, has been reversed or has been refunded.
• More completed payments are needed to establish a recurring pattern.
• The merchant or payment provider has not supplied enough information.
• The payment was made through a digital wallet or payment intermediary.
• The payment does not follow the supported billing cycle.
• The merchant falls within an excluded category.

If both criteria are active but your rate has not updated, please contact us.

“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.

An eligible subscription is a payment charged to your 212 Card that recurs on a regular cycle of at least five days and no more than one month, for example, weekly, every two weeks or monthly. The payments should be roughly the same amount and in the same currency.

A recurring purchase, repeat order or automatic replenishment arrangement set up with a merchant does not necessarily mean that it will be identified as a subscription. Some merchants process each payment as a separate card purchase or do not provide information showing that the payment is recurring. 

Examples include streaming services (Netflix, Disney+), music platforms (e.g. Apple Music), and similar subscriptions.

Payments that may not be identified

The following are not used to identify an eligible subscription:

• Card-verification authorisations and temporary holds, regardless of amount.
• Pending, declined, cancelled, reversed, refunded or charged-back payments.
• One-off, annual or irregular payments outside the supported billing cycle.
• Usage-triggered payments, manual purchases or account top-ups that do not follow a regular billing cycle.

Payments must recur on a regular cycle of at least five days and no more than one month. Payments made through a digital wallet, payment intermediary or payment aggregator may be identified where sufficient transaction information is available. Identification is not guaranteed, and identifying one payment does not mean that other or future payments made through the same provider will also be identified.
 

If a subscription is not detected, you can contact us for further information.

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 that recurs on a regular cycle of at least five days and no more than one month. The amounts should be roughly the same and in the same currency. Check the Subscriptions section of the Trading 212 app to see whether we have identified your subscription as active. Identification may not be immediate or always possible. Your cashback rate will update when “Invest cashback” and at least one qualifying subscription are both active.

• If you deactivate “Invest cashback”, your rate drops to 0% immediately.
• If the next payment is not identified when expected, the subscription may be marked as overdue. It will remain active during an overdue period based on its detected billing frequency. For example, if your subscription is billed monthly, it will remain active during an overdue period of one month. If it is billed weekly, it will remain active during an overdue period of one week.
• If no qualifying payment is identified before the applicable overdue period expires, your cashback rate will return to 0% unless another qualifying subscription is active.
• If both criteria are lost at the same time, your rate drops to 0% immediately.

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.

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.

We use your card transaction history to identify payments that appear to recur and display them in the Subscriptions section. This identification is an estimate and may occasionally be incorrect.

For cashback eligibility, the app shows only whether the subscription qualifies. It does not show frequency labels such as bi-monthly or quarterly.

Being displayed in the Subscriptions section 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.

Card-verification authorisations and temporary holds are not used to identify subscriptions, regardless of their amount. This includes zero-value and non-zero authorisations.

Identification starts from the first completed payment for a non-zero amount that is not reversed. A pending, declined, cancelled, reversed or refunded payment does not start the identification period.

A known subscription pattern may be identified after the first completed payment. For less common or unclear payment patterns, up to three completed payments may be required. Identification is not guaranteed if the available transaction information remains insufficient.