Why is Trade Republic offering cards?
Trade Republic's mission is to support customers in long-term wealth creation. The Trade Republic card is the first card that helps you earn while you spend:
- Get 1% Saveback of your card payments into the savings plan of your choice.
- Round up your card payments and invest your spare change on the go.
- No monthly subscription fee. Unlimited Free ATM withdrawals worldwide above 100 EUR.
We’re bringing together spending and investing. Become an investor with every card transaction.
How does Saveback work?
You will receive 1% Saveback for your eligible card payments, which will be invested in a savings plan of your choice. You can earn a maximum of 15 EUR per calendar month through Saveback, up to a monthly transaction volume of 1,500 EUR.
To receive Saveback, you must invest at least 50 EUR per calendar month in savings plans. Those 50 EUR can be spread across several savings plans.
Find more information about saveback here.
How does Round up work?
Every time you pay with your card, the change is rounded up to the next full Euro and invested in a stock or ETF of your choice. You can either invest the change or a multiple of it.
Your Round up amount is deducted from your balance, accumulated and invested weekly.
Find more information about the round up here.
Who is eligible to order a card?
The card is available to all Trade Republic customers.
How long does delivery take?
Once ordered, your card should arrive within 3-5 working days but it could take up to 10 days in case of delays with your local postal delivery service. To begin, we don’t offer tracking or express delivery.
Will the card be a debit or credit card?
The Trade Republic card is a Visa debit card not a credit card. Amongst others, this means that money is directly deducted from your cash balance.
What kind of cards are available?
You have a choice of a Virtual, Classic or Mirror card which offer all the same benefits.
Can I have multiple cards?
Each customer can only have one card which is either a Virtual Card, a Classic Card or Mirror card.
What are the card costs?
- Virtual Card - Free
- Classic Card - 5 EUR
- Mirror Card - 50 EUR
The initial cost of the physical cards is a one-time payment, which is deducted when you place your card order. This fee might be required to be paid again when you request a renewal or replacement of your card. Shipping is free for both physical cards.
While Trade Republic doesn’t charge fees for transactions or any ATM withdrawals above 100 EUR, some merchants or ATMs may charge their own fees. A fee of 1 EUR will be charged by Trade Republic for each ATM withdrawal below 100 EUR or local currency equivalent.
Where can I use my card?
Use your card online, in stores, or at ATMs everywhere where Visa is accepted. You’ll receive a push notification every time you successfully withdraw cash or complete a transaction. You’ll also see the reason why an ATM withdrawal or transaction got declined in the app. For international transactions, you'll find the exchange rate in the app.
Which foreign exchange rate will I get?
For non-euro transactions, we directly apply the exchange rate provided by VISA. We don’t apply additional bank exchange rates fees, limitations on volume or restrictions on weekends or holidays.