1Yr·

The new Trade Republic credit card (Debit Visa) offers a maximum of €15 per month with 1% cashback on a minimum €50 savings plan. I would have to spend a total of €1,550 per month for this. So I get a maximum of two free kebabs after buying at least 221 kebabs. Do you find this offer attractive? Is it a good deal? 🥙💳💵

#traderepublic
#visa #mastercard #amex
#americanexpress
#sparplan
#sparpläne
#cashback
#etf #ETFs

35 Comments

Therealjim@Therealjim

1Yr

I think it's only an advantage, now I can transfer my entire salary to the TR clearing account and so my money, which I have to spend on food, petrol, etc. anyway, works for me for longer and takes the 4% interest with it in the meantime. I have strictly separated my money that is in the clearing account in PP into savings/investment/"normal money". So there is no risk of spontaneous purchases. The 1% cashback is then added on top. Top for me!

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user0e3jddwsjxu@user1d7gf8465j461735

1Yr

@Therealjim but you can't make any transfers from TR yet. So you shouldn't store your entire salary there for rent or insurance purposes.

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Therealjim@Therealjim

1Yr

@user1d7gf8465j461735 yes of course after deduction of standing orders 👍🏻

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user0e3jddwsjxu@user1d7gf8465j461735

1Yr

@Therealjim I will do the same 👍🏼 Do you happen to know whether there are any annual or monthly costs? At Sparkasse, for example, you have to pay monthly account fees. Or is the only fee these 1€ for cash withdrawals < 100 euro?

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Therealjim@Therealjim

1Yr

@user1d7gf8465j461735 According to Handelsblatt, there will be no costs except a one-off charge of €5 for the plastic card or €50 for the metal card. No ongoing costs. Direct debit from the settlement account and €1 fee for withdrawals of less than €100 from ATMs.

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Nico H.@Jeagerbomb

1Yr

@Therealjim how did you separate it strictly at trade republic into save/invest etc.? ? Do you use an excel for this or is there a function I don't know yet? A good idea in itself!

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Therealjim@Therealjim

1Yr

@Jeagerbomb No, TR doesn't currently offer this, but I could imagine that it might come with the introduction of the payment card. At the moment I still separate the money "mentally" in PP, similar to Excel.

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Ayecaramba@Ayecaramba256

1Yr

better than nothing. How ungrateful can you be

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Techaktien@Techaktien

1Yr

@Ayecaramba256 I think the €50 savings plan condition is silly and the €15 limit is particularly silly. Children's nonsense.

You're grateful that you're allowed to spend €1,550 and the bank & Visa earn money from you? Funny 🙃

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Ayecaramba@Ayecaramba256

1Yr

@Techaktien I don't attach any particular importance to the offer, so I'm not judging it at all ;)

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Clemens@ETFHodler

1Yr

@Ayecaramba256 neither ungrateful nor relevant, he has to generate content. No matter what :)

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teschi@teschi

1Yr

I'd rather eat two kebabs less a month

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Cro@Cro

1Yr

Absolutely no added value! Only a link to the TR clearing account. 👎🏽

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Techaktien@Techaktien

1Yr

I think the €50 savings plan condition is silly and the €15 limit is particularly silly. Children's nonsense.

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Dan B.@Darkside_Investing

1Yr

Of course, everyone has to decide for themselves...personally, I think the offer is good. Create a €50 savings plan and €65 is invested, plus the 4% in the clearing account! Furthermore, this offer also puts other brokers under pressure and so we all benefit directly or indirectly at some point.

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KingC@RaphGM

1Yr

I'm laughing sorry, what a joke 🤣

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koala.dividende@KoalaAngriff

1Yr

I still have a second savings bank account for leisure expenses, which I will cancel as soon as I have the TR card, then I will save the fee for the card

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Golden B.@Buffalo

1Yr

Does this cashback have to go into the savings plan or is it freely available or does it go into the available cash?

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Techaktien@Techaktien

1Yr

@bufallo Yes, it is. Savings plan

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John@Doe

1Yr

I'd rather get double points with my Amex.

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Lama@MLana

1Yr

@Doe Which amex card do you have?

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John@Doe

1Yr

@MLana those with paypal

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Lama@MLana

1Yr

@Doe do you mean payback?

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John@Doe

1Yr

@MLana oh sry ja payback

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Lama@MLana

1Yr

@Doe I have them too. It's a shame that you only get 1 point/€3

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Nic@Kater

1Yr

@MLana Remark
With the TR card you get 1% maximum 15€
With the amax you get 1 point for 3€ and 1 point = 1 cent
So only 0.33% (without extra multipliers from Payback)
Or differently
TR 1500€/100=1%=15€
Amax 1500€/3= 500points= 5€(+ or * multipliers for product X)

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John@Doe

1Yr

@Kater Yes, there is already more to TR, I realize that. Let's wait and see when the map arrives and what else TR comes up with.

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