Skip to content

Sign Up

or

Forgot Password?

Don't have an account?

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Nexo unveils tripled cashback for debit and credit card payments

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.

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.