Trading 212 Cashback Offer Review: Earn 1.5% Back on Everyday Purchases

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Trading 212 has introduced a promotional cashback offer, providing users with 1.5% cashback on eligible purchases made using the Trading 212 Card. This cashback is credited directly to the user's Trading 212 Invest account. The promotion is valid from May 5 to July 5, 2025, and is designed to incentivise card usage among existing and new customers.

Key Features of the Cashback Offer

• Enhanced Cashback Rate: During the promotional period, users earn 1.5% cashback on eligible transactions made with the Trading 212 Card at non-excluded merchants.

• Monthly Cashback Cap: The maximum cashback that can be earned in a calendar month is capped at £20, and £15 from June. Once this limit is reached, no further cashback will be accrued for the remainder of the month.

• Eligibility Criteria: To qualify for the cashback, users must:

  • Reside in an eligible country.

  • Be a verified Trading 212 customer.

  • Possess an activated Trading 212 Card.

  • Enable the 'Invest Cashback' feature in the app.

• Cashback Credit Timing: Cashback is credited daily to the user's Invest account after the transaction status changes to 'Completed'.

• Excluded Merchants: Certain merchant categories are excluded from earning cashback, including:

  • Money transfers and financial institutions.

  • Gambling and quasi-cash transactions.

  • Insurance and real estate services.

  • Utility payments and government services.

Cashback Comparisons

When compared to other financial products in the UK market:

• Chase UK: Offers 1% cashback on everyday debit card spending, with no monthly cap.

• American Express Cashback Cards: Provide up to 5% introductory cashback, but this rate typically decreases after the initial period and may come with annual fees.

Trading 212's 1.5% cashback rate during the promotional period is competitive, especially considering the direct investment of cashback into the user's portfolio. However, the £20 monthly cap may limit benefits for high spenders.

New Customer?

To make the offer even more appealing, new users can claim a free share worth up to £100 when they open and fund a free Trading 212 Invest account. The process is simple:

1. Sign up for a Trading 212 account here.

2. Complete the identity verification process.

3. Deposit a minimum of £1 into your new Invest account.

4. Receive a randomly selected free share, which will be credited within a few days.

Once your account is active and you’ve received your free share, you can request a virtual or physical Trading 212 Card, activate it, and opt in to the cashback promotion through the app. With both the free share and the cashback in place, you’re essentially rewarded just for signing up and using your card on everyday purchases.

Conclusion

Trading 212's 1.5% cashback promotion offers a compelling incentive for users to utilise the Trading 212 Card for everyday purchases. The integration of cashback directly into the Invest account aligns with the platform's investment-focused approach. However, potential users should consider the monthly cashback cap and the list of excluded merchants when evaluating the offer's suitability for their spending habits.

For those already engaged with Trading 212's investment platform, this promotion presents an opportunity to enhance their investment portfolio through routine spending. As always, users should review the full terms and conditions and assess their individual financial circumstances before participating.