Crypto Cashback Revolution: Get Up to 6% Back with the Nexo Card

May 10, 2023•4 min read

With the arrival of longer and sunnier days, your Nexo Card cashback rewards are also getting bigger and better. Between May 17 and May 31, the Nexo Card<sup>1</sup> will be paying back up to 6% in crypto rewards per purchase. Find out how to become eligible below.

Here are the crypto rewards you can earn on each Loyalty Tier.

  • Platinum: 6% in NEXO Tokens, up from 2% previously
  • Gold: 3% in NEXO Tokens, up from 1% previously
  • Silver: 2% in NEXO Tokens, up from 0.7% previously
  • Base: 1% in NEXO Tokens, up from 0.5% previously

Three Easy Steps to Earn up to 6% Back

If you've already activated your Nexo Card, now’s the time to use it. Make three purchases in the period between May 10 and May 16, and you’ll unlock bigger crypto rewards for two whole weeks. This means that each time you flex that Nexo Card of yours between May 17 and May 31, you’ll be getting up to 6% in crypto cashback.

If you haven’t activated your Nexo Card yet, doing so is easy.

  1. Top up at least $50 worth of supported crypto assets.
  2. Open the Nexo Card tab in the Nexo app and activate it.
  3. Use the Nexo Card for your next three purchases.

A credit line that finances all your Nexo Card purchases becomes instantly available after you add funds. Note that your credit line varies based on the amount and the type of crypto you top up, as different coins have different Loan-to-Value ratios (LTV).

Earn up to 6% Back

To make sure you earn our highest rewards of 6% in NEXO, secure a Platinum Тier. You can do that by keeping more than 10% of your overall portfolio in NEXO Tokens. The higher you climb the Loyalty Program, the bigger your rewards.

Platinum users who keep their Credit Line Wallet LTV at 20% or below also qualify for an interest-free credit line. This means your repayments will be exactly the same as the amount of cash you have spent during a given period of time.

Bonus Round: 5 More Benefits of the Nexo Card

Paying back rewards is not the only thing that the Nexo Card does right. It has it all dialed in. Here are five more benefits of the card you can enjoy.

  • The Nexo Card reimagines the way you spend in the digital age. It is the only card in the world that allows you to spend without selling your crypto.
  • Your virtual Nexo Card becomes instantly available once you top up at least $50. Go ahead and activate your card through the Nexo app right now.
  • The Nexo Card is a great way to optimize your crypto taxes. In most jurisdictions, spending without selling your crypto doesn’t trigger a taxable event since you’re borrowing the funds.
  • You pay no FX fees for up to €20,000 per month, so there’s no need to worry when spending abroad.
  • You can manage your Nexo Card in real time with just a few taps. Track your transactions, change your PIN, or freeze your card easily within the Nexo app.

FAQ

How long do I have to make the three transactions? You have the flexibility to make your transactions any time between Wednesday, May 10 at 15:00 UTC to Tuesday, May 16, 2023, at 23:59 UTC.

How Would I Know I’m eligible? Please note that the promo is first come, first serve with a limit of 50,000 participants. If you are eligible and you’re among those 50,000, you will receive a separate email once your cashback has been boosted to the promo rate.

When would I start receiving cashback?

By making three purchases with your Nexo Card between May 10 and May 16, you instantly qualify for increased crypto cashback. The new rates will apply from May 17 to May 31, and you can earn up to 6% cashback on every purchase during this period. To get the highest rewards, make sure you upgrade to Platinum Tier.

Can I spend via Apple Pay and Google Pay? Yes, you can integrate your card with Apple Pay and Google Pay. You can do that via the Add to Wallet button in the Card tab of your Nexo app. Is there a limit to the rewards I can receive? Yes. The rewards for all Loyalty Tiers are limited to a maximum of $50 for the two-weeks period between May 17 and May 31. Once you reach that limit, you will be back to the up to 2% standard cashback with $200 limit.

<sup>1</sup>The Nexo Card is available in EEA (European Economic Area) only.

The full general terms and conditions of the promo can be found here.