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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. When investing, your capital is at risk, and you may get back less than invested. Past performance does not guarantee future results. |
❗️ The 1.5% cashback programme is ending
The 1.5% 212 Card cashback programme will remain available until 2 December 2026. From 3 December 2026, the cashback rate under this programme will be 0%. Merchant-funded cashback remains unchanged for eligible UK clients.
For more information, including what happens to cashback you have already earned, read The 1.5% 212 Card cashback programme ends on 3 December 2026
The information below about earning or restoring cashback applies only until the programme ends.
Activate “Invest cashback” and maintain at least one active eligible 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.
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 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).
Check the Subscriptions section of the app to see whether your subscription is active and eligible. See “What counts as an eligible subscription?” below for more information.
❗️ Important
Your base rate is 0%, with 1.5% available once the eligibility 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 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.
For help with a missing subscription or incorrect subscription details, see “Where can I find help with my subscriptions?” below.
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 an eligible subscription?
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.
Payments that do not qualify
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 to merchants in excluded categories do not qualify for cashback. See Excluded merchant categories for cashback for more information.
Only active eligible subscriptions count towards cashback.
Adding a payment does not automatically make it eligible for cashback. It must still meet the subscription eligibility criteria.
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: Check that at least one subscription meets the criteria in “What counts as an eligible subscription?” above.
📝 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.
Where can I find help with my subscriptions?
For details on viewing, adding and editing subscriptions, how they are identified, and what their status means, see How do I use my 212 Card for subscriptions?
You can continue to view and track your subscriptions in the app after 3 December 2026. This is independent of the 1.5% cashback programme ending.
What happens if I lose eligibility after enrolling?
- If you deactivate “Invest cashback”, your rate drops to 0% immediately.
- An eligible subscription continues to count during its overdue period. For details about overdue statuses, see the separate Subscriptions article linked above.
- 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.
📝 Note
Your 1.5% rate will be restored when both eligibility criteria are active again.
This applies only before the programme ends on 3 December 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%).
📝 Note
The monthly cap is calculated in UTC, not your local time zone. A purchase made close to midnight could count towards a different calendar month than expected, including one where you’ve already reached the cap. If that happens, cashback won’t be earned on that transaction.
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.