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WJ
William Johnson
@willjohn · Dec 17

Hello, investors!

After a long time I have a question for you. From several polls here on Bulios, I noticed that quite a few members use Trading212 broker. I am also one of them, so I would like to ask if anyone uses the card and the features associated with it that Trading212 offers for the account?

The card offers zero FX fee, zero spread accrual and a real interbank rate. The 0.15% FX fee applies when you transfer funds in the app. At least that's how the broker presents it on its website. At the same time, there is an option to have the money that you have uninvested in your account earned interest. The card also offers 1.5% cashback until the end of the year and 0.5% after the new year for card payments. You can also set your payment to be rounded up to the nearest multiple of CZK 10 and invest the remaining change in an investment pie, example - I pay CZK 45 and CZK 5 is invested in a pie. Banks like Česká spořitelna, ČSOB and mBank offer similar features, where the change goes into a savings account.

Does anyone use these features? I quite like the features, but I don't know if there is a catch. Alternatively, do other brokers you use offer similar features?

Link to the broker's website here

Do you use these features?

MS
Malcolm Stokes @stokes_malky Dec 18

So that's interesting, I didn't know about that, but if it's better than Revolut, that's a great thing😃.

GP
Gareth Preston @gaz_preston Dec 17

I know about this feature, but so far I only use Trading212 as a broker and I use Revolut for these functions.

WJ
William Johnson @willjohn Dec 18

According to the fee structure, it looks like Trading212 is even more profitable than Revolut. Anyway, for small amounts you can hardly tell.

JS
James Smith @smithonian Dec 17

Hi, I'm a user of this card. I take it as an alternative to the Revolut card. I live abroad so I like the option of being able to transfer money to my account in any currency and then not pay FX when I pay in store :) Cashback of 1.5% is very decent by Czech standards, at least from what I've seen so far.

WJ
William Johnson @willjohn Dec 18

The cashback is great, unfortunately only until the end of the year, but at least it's something. From January onwards 0.5%, probably to entice people :D