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Interesting occurrence. I have a virtual card and just ordered a physical card.
The last 4 digits are different for each card, surely they should be the same. otherwise when I go to use either one, they won’t call for funds correctly?
Yep, but it’s outside the ISA wrapper if you’re in the UK, so will be taxed when it hits your individual threshold.
If you want to earn interest and pay no tax. Leave the spare cash in your ISA, then when you need to use your card, transfer the money across to your invest account. Use the card, earn the cash back. But make sure you then transfer any unused funds back to the isa to then earn interest tax free.
Of course all of this is irrelevant if you don’t have an ISA or won’t hit your personal threshold.
Don’t forget, until trading212 start up the flexible ISAs in May, anything you put in the ISA will count towards your allowance. If you never hit your 20k limit, this is still a good way of avoided tax on interest.
If you are reading this after Trading212 has launched the flex ISA, please pretend I didn’t type the last bit. lol
But on topic, just because the 212 ISA is not flexible, doesn’t mean you cant use it that way. It’s a bit more awkward but as long as you track yourself, and dont withdraw more than 20k it should work, although clunky. You could deposit elsewhere, then inspecie back to 212.
To avoid this mess, I wonder if 212 would backdate the ‘flexible’ check to the start of the tax year?