eToro Launches 4% Stock Rewards with Enhanced UK Debit Card
eToro has expanded its Visa debit card offering in the UK. Now, the card lets eligible eToro Club members earn 4% back in stock rewards on everyday purchases. It combines spending with investing. A simple way to grow their portfolios through regular expenses.
What’s New with eToro’s Debit Card in the UK
eToro has introduced a 4% stock-back reward feature for its UK debit card users. Only eToro Club members are eligible. The reward is credited in the form of UK-listed equities. It lets users turn spending into investments.
How 4% Stock Rewards Work?
Everyday purchases made with the eToro Visa debit card earn 4% in stock rewards. Users can choose their preferred UK-listed stock from a selection. The rewarded stock is credited monthly and confirmed via email. Users can sell the stock or keep it as part of their investment portfolio. The stock rewards apply up to a spending limit of £1500 per month. This 4% offer is part of a launch promotion and may change later. Opting into the program is necessary via a dedicated form.
No-Fee Spending and Currency Perks
The eToro debit card charges no currency conversion fees. Users can spend in the UK and abroad without extra charges for currency exchange. It helps save money while traveling or making international purchases.
Added Benefits for Travellers
Cardholders get access to the Visa Luxury Hotel Collection platform. It includes early check-in, late check-out, and other perks at premium hotels. Also, they get up to 10% off on Sixt Car Rentals with complimentary kilometers. Visa AirRefund helps users claim compensation for delays or cancellations for air travel issues.
Benefits for Traders
This offering will provide these benefits:
Earn Equity on Daily Spending
Investors can turn everyday purchases into UK-listed stock holdings. Spending £1500 monthly adds £60 in stock automatically to their portfolio. It reduces the need to invest separately for the same value.
Lower Cost of International Transactions
The card removes currency conversion fees for global use. It eliminates hidden costs for traders traveling or buying services abroad.
Faster Portfolio Diversification
Users can passively diversify their holdings by choosing from a list of UK equities for rewards. Small daily expenses gradually build exposure to multiple sectors.
Improved Cash Management
Users can fund trades in GBP or EUR directly. It avoids forced USD conversions. It helps traders manage liquidity efficiently.
No Subscription Fees
The card is free to issue and maintain. Traders don’t need to factor in monthly costs. It keeps overheads low while gaining investing advantages.
Passive Habit Formation
Every transaction contributes to the portfolio. It builds an investing habit without active effort.
Additional Lifestyle Perks for Active Traders
Travel benefits like hotel upgrades and car rental discounts offer financial relief to traders who frequently attend events or work remotely. It enhances cost efficiency beyond trading platforms.
About eToro
eToro is a social trading and multi-asset brokerage platform. It lets users trade and invest in varied financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform has unique social trading features like CopyTrader. It lets users replicate the trades of experienced investors. eToro serves in more than 100 countries. The company recently partnered with Generali to offer life insurance and retirement savings products for French retail investors.
Summing Up
eToro’s new debit card features let users earn stock rewards on everyday purchases. The card makes investing more accessible by linking spending with portfolio growth.
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