Trade Republic Visa card

The Trade Republic Card is not your typical credit card — it’s a prepaid Mastercard that connects directly to your investment account. Designed for users who want to combine spending with saving and investing, this card stands out in Germany’s growing fintech space.

With no annual fee, real-time transaction notifications, and up to 1% cashback on purchases invested automatically, it appeals to digital natives and cost-conscious investors alike. But is it the right choice for your daily spending? Let’s take a closer look.

Trade Republic Card Overview

The Trade Republic Mastercard is a modern prepaid card tailored for users who want to manage spending and investing in one app. Issued by Trade Republic Bank GmbH, it offers strong integration with your investment portfolio, smart spending controls, and a cashback system that redirects rewards into your savings.

Key Features of the Trade Republic Card

• Free virtual and physical Mastercard
• No annual fee
• Prepaid – only spend what’s available
• 1% cashback invested automatically
• No foreign transaction fees (FX-free spending)
• Direct connection to your Trade Republic account
• Real-time spending insights and security controls
• Apple Pay and Google Pay support

How to Apply for the Trade Republic Card

Signing up for the Trade Republic Card is fully digital and takes just a few minutes if you already have a Trade Republic account. The card is directly linked to your portfolio, and all activity is managed via the app.

Steps to Apply for the Trade Republic Card

1. Download the Trade Republic app
2. Open a Trade Republic account
3. Verify your identity
4. Order your card from the app
5. Choose physical or virtual card
6. Start using it via Apple Pay or Google Pay

1. Download the Trade Republic app

Available on iOS and Android, the app is your main control center for both investments and card management.

2. Open a Trade Republic account

You must register as a user with valid ID and German address. No SCHUFA check is required, but identity verification is mandatory.

3. Verify your identity

This process uses video identification or digital upload of documents. It typically takes under 10 minutes.

4. Order your card from the app

Once verified, navigate to the “Card” section in the app and select your card option.

5. Choose physical or virtual

The virtual card is issued instantly for online purchases. A physical card is delivered by post (free of charge).

6. Start using it

You can immediately link the virtual card to Apple Pay or Google Pay and begin spending.

Pros and Cons of the Trade Republic Card

Like most fintech cards, the Trade Republic Mastercard has a very specific appeal. It’s ideal for investors and minimalists, but less suited for those who need credit-based flexibility.

Pros

• No annual fee – completely free to use
• 1% cashback automatically invested into your portfolio
• Virtual card issued instantly
• No foreign transaction fees
• High app security and real-time spending control
• Integrated with investment platform
• No SCHUFA check
• Supports Apple Pay and Google Pay

Cons

• No credit function – strictly prepaid
• No standalone banking features (e.g., no IBAN)
• Cashback only usable if you invest
• Not suitable for large purchases or travel insurance
• Requires Trade Republic account to function
• ATM withdrawals not the focus – limited access

Fees and ATM Withdrawals for the Trade Republic Card

The Trade Republic Card is known for its simplicity and low-cost structure. It’s free to use, with no annual fee, and avoids many of the hidden charges typical of traditional credit cards. However, while it supports ATM withdrawals, it’s clearly optimized for digital payments and investments — not for cash handling.

Trade Republic Card – Fee Overview

Feature	Details
Annual Fee	€0
Card Type	Prepaid Mastercard
Virtual Card	Free, issued instantly
Physical Card	Free (delivery included)
ATM Withdrawals	€2 per withdrawal
Foreign Transaction Fees	None – no FX markup
Cashback	1% on all card purchases (auto-invested)
Top-up Fees	None – funds pulled from account balance
Currency Conversion	Free using Mastercard rates

Note: While the card technically allows ATM withdrawals, it’s not designed for frequent cash use. The €2 per withdrawal fee encourages digital transactions and card payments.