Category: Cryptocurrency

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.

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 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.

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.