According to a official blog post, Nexo is set to reward its users with a generous increase in its cashback rates. This offer marks a historic start, since Nexo has added cashback functionality to the offer. Flow mode of their payment card for the first time while multiplying by three the existing cashback rate of the credit mode of the card, up to 6%.
The cashback offer is scheduled to last until December 31, 2023 and is only available to users who make their first transaction during this period. Nexo’s Triple Cashback perfectly addresses the growing demand for financial products that offer more than just transactions, especially as the world approaches a period of increased spending. But there is more !
Nexo presents cashback in debit mode
The addition of cashback to the card’s Debit Mode reflects Nexo’s concern to meet the needs of its users. Nexo is now offering unrivaled cashback benefits for the first time on the Debit mode of the Nexo card.
Cash back rates vary based on card tier, as rewards are personalized based on cardholder preferences and usage, as described below.
|Plantin||2% in NEXO; 0.5% in BTC|
|Gold||1% in NEXO; 0.3% in BTC|
|Money||0.7% in NEXO; 0.2% in BTC|
|Base||0.5% in NEXO; 0.1% in BTC|
Triple cashback credit mode of the Nexo card
While Nexo previously offered cashback offers for the credit mode of its card, this time it takes a different turn. The company has tripled Cash Back rates in Credit mode across the board in a bid to meet increased consumer demands amid expectations for Black Friday sales.
|Floor||Old rates||New rates|
|Platinum||2% in NEXO and 0.5% in BTC||6% in NEXO and 1.5% in BTC.|
|Gold||1% in NEXO and 0.3% in BTC||3% in NEXO and 0.9% in BTC,|
|Money||0.7% in NEXO and 0.2% in BTC||2.1% in NEXO and 0.6% in BTC.|
|Base||0.5% in NEXO and 0.1% in BTC||1.5% in NEXO and 0.3% in BTC|
The Nexo card as an alternative option for EEA users
It appears that the Nexo Card cashback offer is useful as a backup option for Binance Card users in the European Economic Area (EEA) region.
About a month ago, Binance revealed to stop card services in the EEA. Holders of existing physical or virtual cards under EEE have until December 20, 2023 to use their cards before the shutdown takes effect.
While this may have caused panic among affected users and prompted them to look for suitable alternatives, the Nexo card presents them with an alternative coupled with the opportunity to enjoy generous cashback offers.
A bright future for the NEXO token
NEXO price movement over the last 30 days
At the time of writing, Nexo’s price is $0.7368 and is up 29% in the last 30 days. On an even more positive note, our algorithm predicts that the price of NEXO will increase by almost 600% over the next 6 months.
NEXO 6 Month Price Prediction