So, before, to get the 1.5% cashback, you had to set up auto invest into a pie, then when you bought something, it would direct the cashback to the pie and you’d get a top up cashback to 1.5%.
Is this still the case or is the cashback now just 1.5% without the hoops to jump through?
Yes, one of the requirements for the 1.5% promotional cashback rate is to choose a pie where the cashback will be automatically invested. All requirements are outlined in this article.
What I do is use a pie with 2 stocks in it set at 99% and 1%. That means the minimum investment is £100. Therefore, due to the maximum monthly cashback being limited to £15, the amount arriving from a cashback does not automatically get invested; I like to control when investments are made.
Yer, I have the same set up, it’s just annoying having this fake pie sitting there. I wonder how many people actually invest their cashback, especially those of us who are higher rate tax payers so don’t really want to invest outside of the ISA.
I suspect that T212 are trying to get people to use the cashback to (automatically) invest on T212: not to use it to, effectively, reduce the price of goods and services that you would have bought anyway.
Sorry to disappoint this time, but there are no plans to change the setup for the current cashback campaign. We’ll take the feedback into account for future promotions
Yes, you’ll receive cashback for payments made using the T212 card via Curve