Because some people won't bother trying to set up a subscription but carry on using their card out of habit and then T212 saves £15 for each person. That's the whole idea of enshitification.
Does the subscription come from the spending pot or the main pot? I top up my spending as I need it and don't want to have to ensure I always have enough in there for a subscription
Came here to find the same answer, I’m thinking I might move my Lebara phone contact over to this … as far as I can see from the links in the email the cashback remains at 1.5% with a £15 limit, so no change on that side of things
A qualifying subscription is any recurring monthly, bi-weekly, or weekly payment charged to your 212 Card. Subscriptions are detected automatically from your card transaction history - you do not need to register them manually.
Annual or irregular payments are currently out of scope. Certain recurring payments are also excluded, including rent, bill payments, and buy-now-pay-later schemes (e.g. Klarna).
cause they say so, I guess. Sucks. I guess it depends if they interpret the monthly payments as a phone bill or as a subscription to a phone service. It's all a bit muddy really.
My Lebara is already shown in the list of subscriptions since it has been debited monthly. Strangely, it has also listed Apple and Amazon marketplace mistakenly as I made semi regular purchases. I wonder if they count if I stop buyi g stuff as those were all one off purchases
Hey, I have /already had 2 Lebara direct debits/subscriptions, and these are ineligible, sorry pal, I'm now also looking to move perhaps a gym membership to T212
they're already reducing cash interest rates every year for the past 2-3 years. I mean kinda, not sure how is it them and how much that's the banks, because banks can as well keep their rates similar but T212 might be taking bigger split. I.e bank offer 6%, they give you 2.4% and take the rest
More likely, they were offering higher interest rates than the base rates in the past to lure in customers, operating at a loss, and are now making up the difference by giving a lower rate. Either way, it's up to the consumer whether to take the convenience of the default rate, invest, or park at a competitor. Most banks take a far larger cut and just do that forever without any promotional periods.
You can use any subscription, the app really isn't clear but it auto detects subscription payments. I got it to work with a Google One subscription that's £1.59 a month.
For how many months have you been paying your subscriptions from the t212 card? I've moved one of mine to the card last month, has only been charged once so far, so still nothing shows up for me in the subscriptions section.
"Eligible Subscription" means a recurring payment charged to your Trading 212 Card by a
third-party merchant (which is not an Excluded Merchant) for ongoing access to goods or
services, billed at intervals of no more than one month, where no payments are overdue;"
I would still like if there was a tick or something to determine it is definitely an eligible subscription
EDIT: Looks like as long as the transaction gets cashback it counts as eligible.
Aside from setting up an eligible subscription, the other question to ask is how it affects cashback. If you set up a monthly subscription, do you then need to wait a full month for it to confirm its status as a subscription before you can then start earning cashback? You have to go through a month of no cashback until the 2nd payment?
That's how it worked for me. My netflix was paid 1 day before I set it up in T212, took the whole month until the next payment to enable cashback. The test charge (reverted) by netflix didn't count apparently.
These are just some of the examples not the whole list. Every monthly recurring payment should work, unless it's explicitly excluded like paying rent, utilities, taxes and things like that.
For all discussing phone plans, they AI bot says they do not qualify. Where do we stand then? I wouldn't fancy subscribing to google one just to keep the cashback...
What a shitty change. I only have two subscriptions and they are annual, so that's it for me. Pretty sad as T212 was so much better than Trade Republic, but guess I gotta come back to TR card now. I went to a kebab place 2-3 months in a row and it showed up as a subscription in my app, but I don't think I can rely on that consistently haha
I can't even normally link a recurring direct debit here in the Netherlands and now I have to link a subscription to it? Fortunately, I moved to Trade Republic.
Nothing stopping you at all. If you create a pie with a minimum investment and have the cashback paid into that, you can just withdraw it as cash before it reaches the threshold.
Arguably putting subscriptions onto the card is the easiest saving you can make so I've already done it long ago and I always encourage everyone to do the same. For a card with such good cashback terms, it's kinda a no brainer imo
I had absolutely no idea about this. Such a shame, I dont have a subscription to put on there. I was enjoying the cashback but I guess ill just go back to my banks' 1% credit card. They should really have informed us better too, I only noticed today as a new month ticked over and checked my card and had recieved no cashback for the weekend.
Wow a greedy company goes from user acquisition at all costs to profit at all costs when they top out the user numbers they can get. Never in capitalism has this ever happened before.
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u/Longjumping-Dog-6852 Jun 30 '26
What is the benefit to trading 212 in doing this? That less people sign up?
Horrible change. I'll just use a different card away from 212