MCO Visa Card

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• 

  Aik Keong Koh

  Level 4. Prodigy

  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.

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  Alex Lee

  Level 3. Wonderkid

  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...

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• 

  JT

  Level 4. Prodigy

  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.

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  sucram

  Level 4. Prodigy

  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!

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• JM

  João Monteiro

  Level 2. Rookie

  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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