How I Earn 10% Cashback On My McDonalds Meal

MCO Ruby Steel Visa Card

Do you want to earn cashback on any purchase? Last month, I have applied for the MCO Visa card which gives you cashback in the form of MCO. What is MCO? MCO is a cryptocurrency and a utility token on the Ethereum blockchain that powers the Crypto.com app.

I have received my Red Ruby Steel Visa card and have been using it for online purchases and at food outlets. What surprised me was that Crypto.com is running a promotion whereby you get 10% back for food and grocery shopping for paying with the MCO Visa card. As you can see below, I have used the MCO Visa card to pay for my McDonald meal. I was rewarded with S$3.43 in the form of MCO. You can sell off the MCO and credit the cash into your MCO Visa card balance.

If you sign up for the Ruby Steel (Red) MCO card using my MCO referral link, both you and me will receive US$50 in the form of MCO token.

Here are a the long list of brands that gets you 10% cashback this month

  1. Uber Eats
  2. Deliveroo
  3. Foodpanda
  4. McDonald’s
  5. Domino’s Pizza
  6. Walmart
  7. DoorDash
  8. Instacart
  9. Kroger
  10. Costco
  11. Whole Foods Market
  12. GrabFood
  13. FairPrice
  14. Sheng Siong
  15. Carrefour
  16. Woolworths
  17. Menulog
  18. Emart
  19. PARKnSHOP
  20. HKTVmall
  21. MetroMart

Besides the above, Crypto.com users can also buy crypto with 3.5% credit card fee waived and get up to 20% on Food Delivery with Crypto.com Pay Gift card.

MCO Visa McDonalds

Unfortunately the above cashback promotion ends on 30th June 2020. Without the promotion, you will receive the standard 2% cashback on any purchases.

What are you waiting for? Sign up now to receive cashback!

Cryptocurrency – MCO Credit Card

MCO Ruby Steel Card

Cryptocurrency has evolved tremendously since I last took a look at it. Back in the year 2018, I built my own rig to mine for Ethereum. When cryptocurrency crashed, I decided to quit mining as it became non profitable since the cost of electricity is higher than the profits earned. Moreover, the rig was generating a lot of heat and dust which is unhealthy to my family members.

I became interested in Cryptocurrency again when Kevin from Turtle Investor shared about the Crypto.com MCO credit card. MCO is a cryptocurrency and a utility token on the Ethereum blockchain that powers the Crypto.com app. As you can see below, there are different tiers of cards you can choose from. Different tiers offer you different percentage of cashback (in the form of MCO) and benefits that you can enjoy with your card.

Staking MCO

All the cards except the Midnight Blue card requires staking of MCO. Staking means you need to purchase MCO tokens and these tokens have to be locked in the app for six months. At the point of writing, 1 MCO token cost around S$7.80. Depending on your budget and risk appetite, the Royal Indigo (Purple), Jade Green (Green) and Ruby Steel (Red) is the most affordable. 500 MCO and 50 MCO cost you S$3,900 and S$390 respectively.

I have signed up for the Ruby Steel (Red) MCO card. If you sign up using my MCO referral link, you and myself will receive US$50 in the form of MCO token.

Cryptocurrency - MCO Credit Card

Why I apply for MCO credit card?

You probably might ask for the reason why I have applied for MCO credit card. Even thought the Ruby Steel card offers you 100% cashback on Spotify subscription, this is not the reason why I have signed up for it. Most of credit cards that I held no longer offers cashback on certain transactions such as payment for utility bills, HDB parking, school fees etc. I shall be using the MCO credit card for these payments.

2% cashback may seem little for some. But based on my household spending habits, the cashback is certainly beneficial to lighten my monthly expenses.

At the point of writing, I am waiting for my Ruby Steel to be shipped. I will share more updates after receiving my card.

My Ethereum Mining Journey 4 Months Update

My Ethereum Mining Journey 4 Months Update

At that point when I build my Ethereum mining rig back in February, 1 ETH equals to roughly S$1,774.26. At the point of writing this post, 1 ETH roughly equals to S$962.80. Base on a weekly mining reward of 0.08064665 ETH generated from my Ethereum mining rig, I am able to mine a total of roughly 0.08064665 x 4 weeks = 0.3225866 ETH. Based on current price, this equates to S$307.88 per month. Of course, this is before the deduction of electricity costs. If I deduct away the cost of electricity (estimate S$95 monthly), the remaining profit is roughly S$212.88.

The price of Ethereum is extremely volatile. As you can see, the value of Ethereum fell by almost 50% since February. This month, we see the price of Ethereum recovering slightly back to the 1K price levels.

With Coinbase pulling the plug on Xfers, I have signed up for a new wallet with Coinhako. There are mixed reviews for Coinhako but this is the only cryptocurrency wallet I found in Singapore that supports Xfers. I personally like Xfers as it is extremely easy to cash out the profits from the sale of Ethereum to my bank account.

As the price of ETH remains depressed, I guess it might take longer for me to break even my initial cost of investment of 3K for my Ethereum mining rig.