Nexo unveils tripled cashback for debit and credit card payments

Nexo will start offering cashback for payments made in the “Debit Mode” of Nexo Card and will triple the cashback rates of the “Credit Mode” up to 6%. 

The tripled cashback will only last until December 31 for this “festive season,” according to the latest information shared with Finbold on November 21.

Interestingly, the company aims to meet the “growing consumer demand for financial products,” as communicated. It also comes at a time of high-spending activities worldwide, with the Christmas season approaching.

Data provided by Nexo states that 72% of consumers expect discounts before Black Friday. Nexo’s study also foresees an increase of 7% in spending this year, which should result in an average of $1,530 for gifts, travel, and entertainment.

In particular, the company expects consumers with household incomes of up to $25,000 to spend 18% more in 2023.

Nexo Card cashback rates

Cashbacks are paid using both the service’s token, NEXO, and Bitcoin (BTC). The cashback rates will vary according to the user’s tier in both the debit and credit modes of the Nexo Card.

Essentially, debit card cashback rates go from 0.5% in NEXO and 0.1% in BTC for the “Base Tier” up to 2% in NEXO and 0.5% in BTC for the “Platinum Tier.” In the meantime, the credit mode will triple these rates until December 31, up to 6% in NEXO and 1.5% in BTC for the “Platinum Tier,” while proportionally affecting each other of the four tiers.

Nexo Card also has a fixed maximum cashback limit for each tier. The Platinum Tier has a $100 monthly cashback limit; Gold Tier is limited to $75, Silver Tier at $50, and Base Tier at $25 per month.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

No comments to show.
New Bookmakers
Playfina.com

The newest member of DAMA N.V. family offers more than 6000 games and accepts a wide range of cryptocurrencies, which are arguably the most widely used form of payment for gamblers right now.

Cryptoplay.io

In the year 2021, Cryptoplay Casino went live for the first time. To bitcoin enthusiasts, the online gaming site offers an amazing game library, exclusive bonuses, and promotions.

CryptoGames

Since its inception in 2014, this crypto casino has amassed a sizable following and an even stronger reputation. This all-crypto casino has 8 Provably Fair games, a faucet, and the ability to utilize one of ten cryptocurrencies.

PlayAmo

In general, if you're looking for information on the PlayAmo casino's features and idiosyncrasies, you'll find it here.

Oshi

Oshi Casino is a bitcoin casino with a simple instant-play interface that accepts euro deposits as well as other cryptocurrencies like Ethereum.