This article reviews the 212 Card, the debit card from Trading 212. Known for its investment platform, Trading 212 launched this Mastercard debit card to connect your investment account with your everyday spending.
The card lets you spend the uninvested cash in your Invest account, with no FX fee on card transactions (other fees may apply) and cashback that is invested into a Pie, if you meet the programme’s conditions. If you are a new user, you can also get a free fractional share worth up to €/£100 with our Trading 212 promo code (IITW).
Disclaimer: Sponsored content. When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Available with a T212 Invest Account. Sponsored Code. To get a free fractional share worth up to 100 EUR/GBP, you can open an account with Trading 212 using the promo code IITW. Terms apply.
The card is linked to the multi-currency balance of your Invest account, and card transactions have a 0% FX fee at the interbank rate (other fees may apply), which can be useful for travelling and shopping online in other currencies.
In this review, we cover the 212 Card’s main features, how it works, where it is available, its fees, its pros and cons and more.
Key features and benefits
- Cashback: earn up to 1.5% cashback, capped at £15/€15 per month, if you activate Cashback Reinvest and keep at least one qualifying subscription paid with the card. Otherwise, the cashback rate is 0%. Cashback is invested into a Pie of your choice.
- Currency exchange: 0% FX fee on 212 Card transactions. A 0.15% FX fee applies when you convert funds in the app. Other fees may apply.
- ATM withdrawals: ATM withdrawals are free up to £400/€400 per month, 1% ATM fee applies thereafter. Local ATM operators may charge their own fees.
- Virtual and physical cards: a free virtual card for online and mobile payments, or a physical card for a one-time fee.
- Card security features: chip and PIN, 3D Secure for online payments and the option to freeze your card in the app.
- Multi-currency balance: the card uses the cash in your Invest account, which can be held in several currencies.
- Investor compensation: depending on the Trading 212 entity that holds your account, investor compensation schemes may apply, such as the FSCS in the UK (up to £85,000) or the Cyprus Investor Compensation Fund (up to €20,000).
Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions.
How does the 212 Card work?
The 212 Card uses the uninvested cash in your account. When you pay or withdraw cash, the money comes from the uninvested cash in your Trading 212 Invest account, so your investments stay untouched. Keep in mind that the card is not a current account: you don’t get your own IBAN, and you can’t receive money from other people.
Spending limits
The card has spending limits for EU and UK residents, shown in the table below. Limits may change, so check the latest ones in the app:
| Limit | Card payments | ATM withdrawals | Money transfers |
| Per transaction | €9,999/£9,000 | €400/£340 | €/£2,000 |
| Daily | €10,000/£9,000 | €2,000/£1,800 | €/£2,000 |
| Monthly | €60,000/£54,000 | €10,000/£9,000 | €/£2,000 |
Is the 212 Card available in my country?
The 212 Card is available to UK residents and to residents of selected EU countries aged 18 or over who hold a Trading 212 Invest account.
Note: availability can depend on your country and on the Trading 212 entity that holds your account, so the card may not be available for every new client. Open the Card tab in the app to check whether you can order it. If you live outside the UK and the EU, the card is not available.
Where can I use the 212 Card?
You can use the 212 Card wherever Mastercard is accepted, in any country. Card transactions have a 0% FX fee. A 0.15% FX fee only applies when you convert funds within the app. Other fees may apply.
How to get the 212 Card
1. Open the Trading 212 app and go to the Card tab:
2. Choose between a virtual or a physical card:
3. For a physical card, enter your delivery address and confirm your order:
If you don’t have an account yet, you can sign up with the Trading 212 promo code IITW and get a free fractional share worth up to €/£100 (Sponsored Code, terms apply).
How to add money to the 212 Card
You can add money to your Invest account, and therefore to your card, in several ways:
- Bank transfer, using the details and reference number shown in the app
- Instant bank payment, where available
- Debit or credit card (fees may apply to some deposit methods)
- Google Pay or Apple Pay
212 Card cashback
Since 7 June 2026, the 212 Card’s base cashback rate is 0%. You can earn 1.5% cashback, up to £15/€15 per month, if you meet two conditions:
- You activate Cashback Reinvest and choose a Pie, so your cashback is invested automatically
- You have at least one active qualifying subscription (weekly, bi-weekly or monthly) paid with your 212 Card
Customers who were already earning cashback moved to this model on 7 June or 1 August 2026, depending on their previous rate. You can find the full conditions in the 212 Card Cashback Programme, and more details in our article on Trading 212 cashback.
Fees
- ATM withdrawals: ATM withdrawals are free up to £400/€400 per month, 1% ATM fee applies thereafter
- Physical card: a one-time fee to cover production and delivery (check the current amount in the app before ordering). The virtual card is free
- FX: 0% on card transactions. 0.15% FX fee applies when converting funds in the app
Other fees may apply. See terms and fees.
Security features
The 212 Card is issued by Paynetics, an electronic money institution, while Trading 212 provides the app and customer support. The card includes several security features:
- Chip and PIN: for in-store payments and ATM withdrawals
- 3D Secure: an extra verification step for online payments
- Card freeze: you can freeze and unfreeze your card instantly in the app
- Fraud protection: you can report unauthorised transactions to support, in line with the card terms
Pros and cons
Pros
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0% FX fee on card transactions (other fees may apply)
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No monthly fee or subscription plan
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Free ATM withdrawals up to £400/€400 per month (1% fee thereafter)
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Apple Pay and Google Pay support
- Up to 1.5% cashback, invested into a Pie (conditions apply)
Cons
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0% cashback unless you meet the programme conditions
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Cashback capped at £15/€15 per month
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One-time fee for the physical card
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No IBAN, so you can't receive transfers from other people
- Not available in every country or for every new client
Other fees may apply. See terms and fees. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Available with a T212 Invest Account.
Customer support
Trading 212 offers support through several channels:
- Help Centre: FAQs and guides in the Help Centre
- In-app chat: to speak with a support agent
- Lost or stolen cards: you can freeze your card in the app and contact support
Trading 212 interest on uninvested cash
Trading 212 also pays interest on the uninvested cash in your Invest account, in several currencies, including EUR, GBP and USD. Rates are variable and depend on the currency and on the Trading 212 entity that holds your account. Check the live rates on Trading 212’s terms and fees page.
If you want to learn more, check out our detailed article on Trading 212’s interest on cash.
When investing, your capital is at risk. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply.
Bottom line
In summary, the 212 Card links your Trading 212 Invest account with your everyday spending.
If you already use Trading 212 and often pay in other currencies, the card can be a convenient option, thanks to the 0% FX fee on card transactions (other fees may apply) and the free monthly ATM allowance.
However, keep in mind that cashback is now 0% unless you activate Cashback Reinvest and keep a qualifying subscription on the card, and even then it is capped at £15/€15 per month and invested into a Pie. The card is also not a full current account, as it has no IBAN.
For a full review of Trading 212 as a broker, check out our Trading 212 review, where we cover its investment options, fees and user experience.
If you are a new user, you can sign up with the Trading 212 promo code IITW and get a free fractional share worth up to €/£100 (Sponsored Code, terms apply).
We hope this review helped. Feel free to get in touch if you have feedback or questions.
When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Available with a T212 Invest Account.
