Using Trade Republic card for everyday spending

I

Innisfree

Registered User
Messages
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Just wondering if there are many out there using this card for regular monthly spending?
Although I have had the card for a long time, I never used it in this way, but considering if I should.

There are some real advantages:
- the spending save back of 1% (up to €15 per month) doesn't sound like much - but you would actually have to have €10,746 in savings at the ECB 2.5% deposit rate to net this after DIRT.
- the free worldwide atm withdrawals and unlimited zero-comission FX.
- the physical card has no printed numbers on it - a fairly unique thing for cards available in Ireland?

I have a lot of my savings in my TR account, so I've felt nervous using it for spending too. But it does have configurable daily/monthly spending/withdrawal limits...

I would be delighted to hear from any regular users with feedback.
 
I use it for most of my monthly spending, it works fine, I have the 15eur going into a particular stock which I change from time to time. I had it going into Microsoft for a while, now I have it set up to go into Deutsche Telekom. I don't have the physical card.
 
Just to add, this 15eur limit on spending kind of acts as a limit on spending for me. Once you are near the 15eur, you might not want to spend any more. So I am putting off purchases of things til next month that I would normally just get when I'm running low of that something.
 
dubliner8 said:
15eur limit on spending kind of acts as a limit on spending for me
Click to expand...
Interesting - I can see how this acts as a disincentive to overspend all right. Right now I am planning to try it out over the next couple of months. Have set the daily limit to 400, and monthly to 1600 - and that should cover most things (apart from direct debits which come from main current account).
 
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