MCO Visa Card Reviews and Comparison - Seedly
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MCO Visa Card

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  • Reviews (287)
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Multi Currency Cards/MCO Visa Card
Multi Currency Cards/MCO Visa Card
4.8
287 reviews

Claimed

This product is managed by Crypto.com.

USER RATINGS

Application Process

4.8

User Experience

4.7

Customer Support

4.7

MCO Visa Card

Free for first $1000 in overseas withdrawals
ATM WITHDRAWAL
Up to 6 currencies
HOLDING CURRENCIES
Up to 55 cryptocurrencies
CRYPTOCURRENCIES
Up to 5%
CASHBACK

    MCO Visa Card

    Free for first $1000 in overseas withdrawals
    ATM WITHDRAWAL
    Up to 6 currencies
    HOLDING CURRENCIES
    Up to 55 cryptocurrencies
    CRYPTOCURRENCIES
    Up to 5%
    CASHBACK

Details

MCO Visa Card Singapore Review 2020

MCO Visa Card is a multi-currency crypto metal card by Crypto.com. It famously features 100% cashback benefits for popular online services like Spotify, Netflix and Amazon Prime. For other regular spendings, you can get up to 8% cashback. All cashback amounts are credited in CRO back to your crypto.com wallet.

Additionally, having Lounge Key airport lounge access (upper-tier cardholders only) makes MCO Visa Card attractive for the highflyers.

While you can get the first tier of MCO Visa Card for free, the subsequent tiers that provide you extra cashback require you to stake CRO, which is crypto.com's coin. This means you have to purchase CRO tokens and hold them for 6 months.

Notably, with cryptocurrencies, a significant amount of risk is involved.

Read More about MCO Visa Card
Reviews (287)

4.8

287 Reviews

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    257
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  • Updated 2w ago

    Purchased

    MCO Visa Card

    [Features] I've been using it since last year and it's been an amazing card. Highest cashback and free Spotify and Netflix family accounts have been a major plus. The staking at the beginning is very attractive but for now, just go for the Ruby card and you should be recovering your staked amount within 6 months of use. [Customer Support] MCO card has an amazing support chat in the app. Any time you encounter with an issue, there is someone who will be able to chat with you live. I particularly dislike those bots as sometimes you don't get the answer on the problem you are facing. [Tips] As the cashback is returned back via CRO, a cryptocurrency, you can time your cashing out at it's highest so you can earn even higher in value worth of cashback. Set an alert in the app on the price of CRO and just covert as much as you want when it's near it's highest price.
    0 comments
    0
    Post
  • Updated 3w ago

    Purchased

    MCO Visa Card

    The on-boarding process was relatively quick when I signed up back in May. The only delay was the issuance of the physical Ruby Red card which took close to a month to deliver. As a first time user of this card, I went for the Ruby Red card to reap the perks of the card without having to stake as much compared to the other tiers of the MCO visa card. To enjoy the full perks of the MCO visa card, you'll need to stake around $200 [3 months term whereby you may unstake afterwards if you do not wish to carry on using the card] at the time of sign up. [Pros] 1. Rebate 100% cashback paid in CRO token for Spotify, and 2% cashback on everything else (including MRT/bus rides which is pretty sick given that no other cards out there gives you that much cashback on transport) 2. Earn By having an ongoing stake in CRO tokens, you can choose to stake CRO tokens within the app for pretty attractive yields 3. Referral If you were to sign up, make sure that you sign up using a referral code to get free $50 bonus in terms of CRO tokens paid to you and your referrer. You may then use your personal referral code to refer your friends as well 4. UI The interface of the app was easy and clean on the eye [Cons] 1. Withdrawal Withdrawal of cash through the MCO visa card is not allowed at ATMs due to some regulatory by the MAS, hence do take note of this. 2. Top-ups To avoid incurring bank transaction fees, it's advisable to top up using either DBS/OCBC visa debit cards. However, this option is currently down due to the suspension of Wirecard's services in Singapore and they're in the midst of resolving this. Current top-ups to the MCO visa card is only limited to top-ups via crypto transactions 3. Limits If you're intending to charge big ticket items to the MCO visa card to maximize the cash back, do note that there's a cap of $30,000 annual spend within the calendar year. You're also expected to keep track of these expenses on your own to keep within the spending limit, as the app does not provide you with a monthly statement to help you keep track 4. Customer Support You'll be better off relying on the advice provided by people who've used the card on either here or other forums out there, as the support is...
    0 comments
    0
    Post
  • Updated 4w ago

    Purchased

    MCO Visa Card

    I applied for the Indigo/Jade card which required a stake of about 10,000 CROs (Staking is like a fixed deposit and CROs is the cryptocurrency used for this platform.) I was a little late therefore I have not received my card yet due to the change in card provider. However, I am receiving weekly interest which is pretty sweet. [Features] At my tier, I am receiving about 16% APY returns weekly. When I get my card, I will be receiving 3% cashback for purchases and 100% cashback for netflix and spotify. All cashbacks will be in CROs which is quite liquid as it can be sold for fiat immediately. [Referrals] Currently, the referral offer is $50 USD for every user you bring onboard the platform who stakes at least the minimum amount. [UI] There's an application in which you are able to track your cashback. The application also allows you to buy cryptocurrencies and use other financial products which they offer. [Customer Support] Customer support was slow for a bit but recently, they have started hiring more support which improved the overall service level.
    0 comments
    0
    Post
  • Updated on 16 Sep 2020

    Purchased

    MCO Visa Card

    Applied for ruby card about 6 months back and have been busy taking advantage of the 2% cashback on everything! Managed to pay off my school fees and insurance using the card which allowed me to cover back the amount I staked for the card. Free spotify is an additional benefit as well!
    0 comments
    0
    Post
  • Updated on 08 Sep 2020
    [Withdrawals] Nowadays fast service is everything. I´ve submitted a withdrawal request on the 30th of August ( 9 days ago), and the transaction is still pending. Their support highlight that an withdrawal request can take up to 4 working days to be reviewed, time that already passed, and everything still unclear. I use several crypto wallets and never a withdrawal via SEPA transfer took more than 1 or 2 days. I don´t want to use bad words but this is not the kind of service you expect from a crypto wallet, specially with plenty of options available in the market nowadays.
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About Crypto.com

The MCO Visa Card has a range of metal Visa cards linked to the Crypto.com App that enables users to convert and spend their cryptocurrencies anywhere Visa is accepted. Crypto.com App is a multi-currency wallet app that allows you to securely buy, sell, store, send and track cryptocurrencies and access a range of innovative financial services.

Tiers of MCO Visa Card

Card Tier

CRO stake requirement

Cashback & Benefits*

  • No-fees ATM withdrawal limit
  • Interbank exchange rates monthly limit

Obsidian Black

(Metal Card)

1,000,000 CRO

  • CRO rewards on all spending: 2%
  • Spotify: 100%
  • Netflix: 100%
  • Amazon Prime: 100%
  • Expedia: 10%
  • Airport Lounge Access: Yes, + 1 guest
  • $1,00 USD
  • Unlimited

Frosted Rose Gold & Icy White

(Metal Card)

100,000 CRO

  • CRO rewards on all spending: 2%
  • Spotify: 100%
  • Netflix: 100%
  • Amazon Prime: 100%
  • Expedia: 10%
  • Airport Lounge Access: Yes, + 1 guest
  • $1,00 USD
  • $20,000 USD

Royal Indigo & Jade Green

10,000 CRO

  • CRO rewards on all spending: 2%
  • Spotify: 100%
  • Netflix: 100%
  • Airport Lounge Access: Yes
  • $800 USD
  • $10,000 USD

Ruby Steel

(Metal Card)

1,000 CRO

  • CRO rewards on all spending: 2%
  • Spotify: 100%
  • $400 USD
  • $4,000 USD

Midnight Blue

(Plastic Card)

Free

  • CRO rewards on all spending: 1%
  • $200 USD
  • $2,000 USD

*Cashback benefits reduce after you unlock your CRO post 6 months of staking. Non-staking benefits will be reduced significantly.

Non-Staking cashback benefits change:

  • Obsidian Black - from 8% to 2%
  • Frosted Rose Gold and Icy White - from 5% to 1.75%
  • Royal Indigo and Jade Green - from 3% to 1.5%
  • Ruby Steel - from 2% to 1%
  • Midnight Blue - no change

How much does MCO Visa Card really cost?

Cryto.com Coin (CRO)

While you can get the first tier of MCO Visa Card for free, the subsequent tiers that provide you extra cashback require you to stake CRO, which is crypto.com's coin.

The more CRO you have, the higher your tier. Hence while technically you do not pay for membership fees, you have to purchase CRO tokens and hold them for 6 months. Notably, with cryptocurrencies, a significant amount of risk is involved.

Here's how much it costs for each tier of the card after conversion of CRO to SGD.

  • Obsidian Black: 1,000,000 CRO SGD $ 227,076
  • Frosted Rose Gold, Icy White: 100,000 CRO SGD $ 22,708
  • Royal Indigo, Jade Green: 10,000 CRO SGD $ 2,271
  • Ruby Steel: 1,000 CRO SGD $ 227
  • Midnight Blue: Free

conversion calculated based on values as of 18 September 2020

Features of MCO Visa Card

  • A beautifully crafted metal Visa card for Midnight Blue tier and above
  • Up to 8% back on ALL spending
  • Spotify and Netflix: Up to 100% subscription rebate
  • Airbnb & Expedia: Up 10% back on bookings
  • Crypto.com Private: Further 2% p.a interest on Crypto Earn or Private Jet Services
  • Crypto.com Private: Access to priority customer service, inheritance service, research reports, private jet services, and OTC block trades
  • Interbank Exchange Rates: Store and exchange up to 6 common currencies.
    Each tier except Obsidian Black has a monthly limit. Passing the limit will subject you to a 0.5% charge thereafter.
  • No Fee ATM overseas withdrawals: Up to SG$1,000 per month.
    Surpassing the limits for your tier will subject you to a 2% charge thereafter
  • Unlimited access to 1000+ airport lounges globally on select cards (via LoungeKey)
  • After staking your CRO for 6 months, you can choose to unlock the CRO to sell or use. However, "unstaking" your CRO from your account will mean losing the benefits of Purchase Rebates, Extra Card cashback, and Higher Interest rate earnings.
  • Cardholders cannot load cryptocurrency onto their MCO Visa Card. All cryptocurrency will be converted to SGD and the SGD can be loaded onto the MCO Visa Card for use in purchase and ATM withdrawals.

Getting the MCO Visa Card

1. First, you will have to ensure you have sufficient CRO coins, to do so you can:

  • Buy CRO with Credit/Debit card or bank transfer with App OR
  • Exchange from another crypto to CRO in the Crypto.com App OR
  • Deposit CRO from an external wallet or exchange to your Crypto.com wallet

2. Next, once you have enough CRO tokens in your Crypto.com App for your selected MCO Visa card.

3. Go to the Card Page > Select desired MCO Visa Card > Stake CRO and follow the instructions

4. If you wish to unlock your staked CRO, simply go to the CRO wallet in your app and tap unlock.

 

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