Pour les citoyens de France et de l’UE: dépôts et retraits gratuits en euros avec virement SEPA. Another home run, Aaron.. and yes, you are smarter than the average bear, Duh.. . Not because the MCO Visa is a bad product, but because it’s being marketed to the wrong people.. It makes the card seem super scammy and counter productive to what the community wants for adoption. It allows customers to spend cryptocurrency in the real world wherever prepaid Visa cards are accepted, and avoid fees on overseas transactions and ATM withdrawals. Yep truth to be told, its a new experience. the free card doesn’t need investment in MCO, just use it like a debit card – no exposure to crypto if you don’t want to the 50 MCO card for free spotify costs about $250 now, at $10 per month, 2 years of spotify premium pays for itself already. With the Crypto.com Visa Card spend anywhere with no fees. Now up to 5% card cashback, free Spotify, Netflix and 10% rebate on Expedia and Airbnb. Please see below. Visit here for more details.. MCO Visa Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to licence from Visa. Would I risk a quarter of a million dollars for a 10% rebate on Airbnb? CRO Rewards are paid in CRO Token to your Wallet App. So it seems there has been a change and it is now even more reasonable to get the Crypto.com Visa Card: https://medium.com/p/7523a929c275. No, and neither should you. Ensuite, choisissez votre niveau de carte désiré et Stakez l’équivalent de CRO correspondant. This is a review of MCO Visa Card – one of the many cryptocurrency debit cards.UPDATE 22 January 2019: MCO Visa Card is Thanks for highlighting the issues, I was considering this for the free Spotify. the likes of MoneySmart, SingSaver etc are all swayed by which ones ‘sponsors’ their products…, It’s been working very well for me so far! NOTICE TO POTENTIAL USERS OF DIGITAL OR VIRTUAL CURRENCIES, SHOULD BE FOREWARNED OF A POSSIBLE FINANCIAL LOSS AT THE TIME THAT SUCH CURRENCIES ARE EXCHANGED FOR FIAT CURRENCY DUE TO AN UNFAVORABLE EXCHANGE RATE. Could i ask how, I’ve had my card since February and thinking of taking the next level up as it’s working great. If you have no idea what MCO is (and arguably, even if you do), you’re basically gambling. Crypto is a highly volatile instrument and is not to be entered into casually- just ask all the inexperienced investors who got burned in the 2018 Bitcoin crash. However, they come with a major caveat: exposure to cryptocurrency. The MCO Visa Card is the new name for the Monaco card. A metal card with no annual fee, up to 5% back MCO Rewards, 100% rebate on Spotify, Netflix, 10% back... Jump to. I’m have a Jade Card (500 MCO Stake) and I would like to mention my review after personally using it. That’s not a decision to be taken lightly, hence my belief that this card should only be considered by seasoned crypto users. Crypto.com has already seen thousands of reservations for the MCO Visa card from users across the EU and the Crypto.com app has reached top 50 in the Finance category in the UK, France, Italy and Spain Crypto.com’s broad European card launch comes after successful card launches in the UK and the United States. Where’s the warning that your staked amount might be worth a lot less after the lockup period? Therefore it is also wrong to say there is no intrinsic value. Yes, it’s true that insurance premiums and government services transactions won’t earn cashback on the SCB or Maybank cards, and although they will on AMEX, acceptance isn’t as widespread. Cette carte Bancaire Bitcoin est utilisable partout où Visa est accepté. MCO Visa Cards are currently available in the USA and Singapore, with five different tiers. each month (MCO: US$2,000). It’s more like a time deposit which pays your interest on top of the benefits you are receiving. #MCO visa card About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features © 2021 Google LLC That definitely will not happen to your MCO stake you might choose to get those extra benefits. Moreover, I am getting 6% interest from the ‘EARN’ feature every 7 days (50 MCO staked). This is higher than the local earning rate for any cashback card (AMEX True Cashback gives 2.5% cashback on all foreign currency transactions till 30 June 2020), but that’s provided you continue to stake. There is no underlying asset here, there is no intrinsic value. Cardholders must complete the registration online via, (for Obsidian, Frosted Rose Gold & Icy White) or. I did use it for trading, also for savings and for staking. You did a great service for pointing out the major risks of this card. Please visit. Nowhere is it mentioned that the “free” Netflix requires staking 500 MCO (S$2.5K), the 10% rebate on Expedia requires staking 5,000 MCO (S$25K), and the 10% rebate on Airbnb requires staking a whopping 50,000 (S$250K) MCO. As the intrinsic value is basically the massive amount of cashback, the infinite free lounge access, the Netflix and Spotify perks and so… Read more ». In addition, it does not require to pay for annual fee if I just simply hold a free card and enjoy 1% cashback. MY MEMBERSHIP With my Level 3 Jade Card membership, I had to put a Deposit down of $2,140 for 500 MCO ($4.28 Each) at that time to gain the following… Read more », Some recent changes today. i started looking at MCO Visa card when I found that it actually provide cashback for insurance and e-wallet top up which are excluded for most other credit cards. Airport lounge access, up to 8% CRO rewards, interbank exchange rates, and no fee ATM withdrawals worldwide. Le géant Coinbase lance une carte Visa en France, mais la solution est onéreuse. Oh and talking about the sponsored posts concept, this is actually a bigger issue, cos that is what has been happening for several years already – e.g. What is the MCO Visa card? Écrit par Kamelia Mis à jour il y a plus d'une semaine Une fois que vous avez soumis votre justificatif de domicile, continuez à vérifier l'état d'émission de la carte sur la page … Reserve yours now: bit.ly/3g4Y85d We're giving away $100K in #BTC on Twitter. Where’s the warning that past returns may not be indicative of future results? My guess is that when it gets rolled out gradually to other parts of the world, it will only make sense that the currency will appreciate. Very good read. . (for Jade Green & Royal Indigo) before accessing any LoungeKey™ participating lounges. Is it still valid today? No one knows the value after six months. I mean, it’s just the cost of a plate of chicken rice! However, I do think there is an opportunity for the average user, whereas your title suggest otherwise, hence I wanted to cover that aspect. Now my feelings on cashback have been well-documented, but I will say this: even if you swing that way, there’s no need to get an MCO Visa just for its cashback rates. Now that could very well happen, and if so, good for you! Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. Cardholders can enjoy up to 8% back on spending, perfect interbank exchange rates, and generous purchase rebates for Spotify, Netflix, Amazon Prime, Airbnb, and … Strongly disagree to touch on any crypto no matter what benefits they are giving. At this point of writing, it seems to only be available in most parts of US, Singapore and some parts of EU. Now I facing issue on withdrawer of my deposit. The Travel Intern mentions how MCO Visa cardholders enjoy global card acceptance, plus fee-free ATM withdrawals and spending. Where’s the warning that crypto can fluctuate wildly on a daily, even hourly basis? Ruby Steel MCO Visa Card: 50 MCO Stake. It would be one thing if they ran these posts on crypto-focused blogs and publications. Well I did some research on the topic, and I’m concerned. Again, are you willing to risk that? Disclaimer: BY USING THIS CARD YOU AGREE TO THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. Highly recommend. Écrit par Gregory RAYMOND Publié le 12/06/2019 à 13h21 Mis à jour le 01/04/2021 à 21h55 The highest tier requires you to put a quarter of a million dollars on the line, and even the mid-tier Royal Indigo/Jade Green requires a four digit outlay, higher than most credit card annual fees in Singapore. Ouvrez un compte gratuit MCO et touchez 25 dollars de bienvenue si vous commandez une des cartes payantes avec ce code préférentiel: cliquez ici. 20 talking about this. You can take it out after 6 months and still keep your card, lounge access and cashback. Remembering Hugo’s in the Sky: Singapore Airlines’ gastronomic partnership with Hyatt, Frosted Rose Gold/Icy White: 5,000 MCO (~S$25,000), Royal Indigo/Jade Green: 500 MCO (~S$2,500). We also may ask to see your drivers’ license or other documentation bearing your photo as verification of your identity. In recent months I’ve received a large number of questions about the MCO Visa, a crypto-backed prepaid card that offers rebates and travel benefits.. Well I did some research on the topic, and I’m concerned. Since 2017, the cryptocurrency company has launched two native tokens – Monaco (MCO) and Crypto.com coin (CRO), both of which are rank highly on CoinMarketCap based on market capitalisation. I will also mention Tips on how you can avoid losing money in case the MCO value does drop. However, they’ve instead run them on sites with a lifestyle focus like Vulcan Post, City Nomads, Expat Living and The Travel Intern. For me, however, that’s too big a risk to jump in. If you need to go beyond that, the Premium version of Revolut still outperforms the next highest tier of MCO Visa. Have been able to pay for all my contactless payments. Visit getmco.com/sg to find out more. Subsequent withdrawals and transactions beyond the free limit attract a 0.5% and 2% fee for both the MCO Visa and Revolut, Unlimited Priority Pass visits for principal cardholder + 1 guest, Unlimited LoungeKey visits for principal + supplementary cardholder, Unlimited Plaza Premium lounge visits for principal + supplementary cardholder, Unlimited Priority Pass visits for principal cardholder. Make the MCO Visa Card your go-to travel card with our enhanced rewards and benefits! So unless you’re a seasoned trader, do yourself a favor and steer clear of the MCO Visa. Apart from a brief dalliance a couple years ago, I have little to no experience in the subject. You’re hoping that MCO appreciates or stays the same over the next 6 months, so at the end of it you can cash out and retain a free unlimited lounge pass for life, plus get some free Netflix and Spotify along the way. Bitcoin at 40,000 seems to disagree with you. MCO Visa Cashback rates- with and without stake. Fees are irrecoverably lost money. Here’s $50USD to get started by using the referral code *removed*, Personal view: Stake 500MCO to enjoy the 3% rebate for all spend, then direct transfer the money (for spending) to MCO card wallet (no need to convert to MCO currency to take the risk for the money you going to spend) from SG debit card with zero charge. Out goes the Spotify, Netflix, Expedia and Airbnb rebates, and cashback drops to 1-2%. Keep in mind, you’re not writing for crypto enthusiasts who know the risks and rewards of the game. Other cards on the markets charge you excessive amounts of fees for similar services. What’s more, these rebates come with caps, which makes your upside limited, but your downside unlimited. Second, it’s flat out irresponsible to suggest that this is in any way a suitable investment for beginners. Unfortunately, that’s exactly what’s happening in these posts. Is it unfair to compare the stake to an annual fee? Get up to 45,000 miles with $9K spend in first 3 months, Get up to 28,500 miles and a Shangri-La staycation with $5K spend in the first 3 months, Get up to 87,500 miles with $20K spend in first 6 months, Get up to 23,300 miles and a Conrad staycation with $3K spend in the first 3 months. The Travel Intern talks about how the MCO Visa offers up to 5% cashback on all spending (never mind that the 5% tier requires you to spot a quarter of a million dollars), and how this is better than other cashback cards which may only award cashback for certain merchants. I’m distinctly uncomfortable about the MCO Visa being positioned as a “lifestyle card” suitable for “deal-loving travelers”, as well as the lack of acknowledgement about the very real risks of holding cryptocurrency. If crypto is a scam, I will be… Read more ». Third, to say that “cryptocurrencies value higher the more people purchase a stake in it” is to basically endorse a bubble. Let me preface this by saying I’m no cypto expert. Wouldn’t it be nice if you could convert your crypto assets into everyday purchases and buy goods with bitcoin and other altcoins? Based on this reviewer’s experience of using the card in France, it’s been exactly the same as using a debit card. Etat de ma demande de Carte Visa Crypto.com. Not because the MCO Visa is a bad product, but because it’s being marketed to the wrong people. Once you remove your stake, the benefits become a lot more pedestrian. I hope we all dont quickly judge on things that we dont understand. If you’re not well-versed in the credit card market, the perks offered by the MCO Visa may sound enticing. I will also list some of the pros and cons that the author didn’t mention including how much money was actually gained during the course of my experience along with documentation. I think it’s a well-conceptualized product, and can appreciate how it bridges the gap between virtual and fiat currencies. I’d like to offer this in response to your article. The risks don’t seem worth it now. Binance Card My point is to say that if you really wanted an unlimited lounge pass, there are safer ways to get it. Just get a cryptocurrency debit card and buy also non-virtual goods (coffee, beer, clothes, etc.) It would be a much smarter option to buy MCO now that it has been decreasing in value for quite some time increasing the chances of your money increasing in value.. Never put… Read more ». Even the lowest tier is 5,000 CRO or approx $1,170 to… Read more », Boy, this didn’t age well at all. Bitcoin can be bought in fractions as small as 0.00000001 (known as one “Satoshi“, named after the creator), which means that if you have ten cents in your pocket, you can buy some bitcoin. The MCO Visa is a good product, for the right crowd. >It would be a much smarter option to buy MCO now that it has been decreasing in value for quite some time increasing the chances of your money increasing in value.. “The probability of doubling your money using crypto assets is huge!” – The probability of me doubling my money if all my readers put their money in this crypto “asset” is huge! Compare staking and non-staking benefits. MCO is touted as the world's first free metal crypto-linked Visa card, with up to 5% cash-back, airport lounge access, as well as other benefits and features. Offers may only apply to new-to-bank customers. But you can simply top up your GrabPay account with your AMEX True Cashback card to earn 1.5% cashback and use GrabPay for all your bills via AXS m-station. It would be a much smarter option to buy MCO now that it has been decreasing in value for quite some time increasing the chances of your money increasing in value.. 100% rebate on Spotify and Netflix subscriptions, a 10% rebate on Expedia and Airbnb, 2.5% cashback on all foreign currency transactions, Announcing The Milelion’s Monthly Miles Meetup for October 2019, First Class on Singapore Airlines to get swankier: new champagne, amenity kits and caviar service coming, OCBC offering 1.7% CardUp fee; make payments and buy miles from 1.04 cents, Great deal: Get S$300 cashback with a new HSBC Revolution Card, Milelion Exclusive: 80,000 MR points & $150 Love Dining credit with the AMEX Platinum Credit Card, Limited time: Earn up to SS$490 cashback with the OCBC 365 Card (including insurance premiums), 2021 Edition: How to pay IRAS income tax with your credit card (and earn miles). If you need to go beyond that, the Premium version of Revolut still outperforms the next highest tier of MCO Visa. I do, however, have issues with how the MCO Visa is being marketed. If you know what you’re getting into, by all means. Most articles don’t go enough in-depth, and oversimplify rather than be concise and accurate. After the 6 month period ends, you can unlock your MCO stake and sell it, although by doing so you’ll lose certain benefits such as enhanced cashback and travel rebates (see below). In this post, we’ll take a detailed look at the MCO Visa, its benefits and risks, and crucially, why it’s not for everyone. More importantly, there’s a very real risk that during this 6 month period, the price of MCO may move against you. Which hotels have reverted to SHN-only facilities? After 6months,… Read more », think you got a few things wrong though the 500 MCO doesnt go to fees. Those are good features to be sure, but you could enjoy the same benefits with a product like Revolut without having to dabble in crypto and its associated risks. This is referred to as “staking“. You’ll need to decide whether an incremental 0.5% cashback is worth the risks of staking, plus the inconvenience of buying crypto to top up the MCO Visa. What is the MCO Visa Card? 2. Actually, I am more willing to invest my money to them rather than putting it on my local bank which only gains low interest per month. But that’s the point- if you’re like me (and I’d hazard that most of the general public is). MCO Visa monthly no-fee ATM withdrawals and transactions. MCO is now being swapped to CRO. After all, it’s never a good sign when you read people writing stuff like this: I waited for a week for me to receive my card and it feels so GOOD and I was in ecstatic to use it. It's important to understand, however, that the card is not a … I hope this article appears at the top of every MCO Visa search on Google. As the table below shows, the free version of the Revolut outperforms the free version of the MCO Visa, with S$350 of fee-free ATM withdrawals (MCO: US$200) and fee-free transactions of up to S$9,000. Crypto is scam, stay away and don’t get burned! Remember, all it takes is a small movement in the price of MCO to wipe out whatever savings you may have gained. However, they come with a major caveat: exposure to cryptocurrency. In recent months I’ve received a large number of questions about the MCO Visa, a crypto-backed prepaid card that offers rebates and travel benefits. Yup, that’s really the main concern, that what’s clearly an investment product is being pitched as a lifestyle one, Ive been a MCO user for 1 year. Une fois la app téléchargée et l’étape KYC terminée, accédez à l’onglet “Carte” qui se trouve dans le coin inférieur droit de l’application. "Stake" or "Staking" means the holding of CRO in your Crypto.com wallet for a period of 6 months. Icy White France, Jade Green Finland, Ruby Steel Portugal... #MCOVisaCard is now shipping in Europe! But it is unwise to just judge on things that you dont simply understand or refuse to read and further to research on. Follow, Like and Retweet for a chance to win $200. If you’re advertising “up to 5% cashback”, it’s only fair that you mention “up to 92% losses” (based on MCO’s all-time high and subsequent all-time low price). MCO gets its name from Monaco, a payment and cryptocurrency platform that operates its own, native currency (MCO).The platform additionally offers a mobile wallet app for buying/selling/spending cryptocurrency, plus credit/loan services. Tweet link: twitter.com/cryptocom/status/1262676872854269953. Take this one by The Travel Intern for example. At the end of the day, if it’s cashback, lounge access and no-fee foreign currency spending you want, there are other products which offer you all that and more without the need to get involved with crypto. As you can see, the cost of entry ranges from negligible to very steep. https://link.medium.com/7pbLdX8d10, Yup someone pointed me to it! Procédure. And I hope MAS is reading this and taking action under the FAA. LoungeKey™ Airport Lounge Access + 1 guest ****. Le pourcentage des frais change en fonction du nombre de jetons MCO que vous avez bloqué (comme d’habitude) : Pour >10.000 CRO Staked, alors les frais sont de 9% sur vos bénéfices quotidiens ; Pour <1.000 MCO Staked, alors les frais sont de 18% sur vos bénéfices quotidiens The Travel Intern highlights the unlimited free airport lounge access that comes with the MCO Visa. You’d have to stake 500 MCO (S$2.5K), which is many times what you’d pay for an unlimited lounge pass via other cards on the market: Remember: some of these credit cards offer miles with the annual fee too, which reduces their effective cost. In this video, I will show you how to activate and start using your Crypto.com visa debit card.

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