Nexo Unveils 3x Cashback for Debit and Credit Nexo Card for Festive Season

In a move that further cements Nexo’s position as a pioneer in the digital assets industry, the company has announced a groundbreaking addition to its Nexo Card, introducing tripled cashback rates in Credit mode and, for the first time, unveiling cashback benefits in Debit mode. This limited-time, holiday-exclusive offering for the world’s pioneering crypto-backed credit card is open to new users and will be valid until December 31st.

In anticipation of Black Friday, 72% of consumers are anticipating discounts, as revealed by PwC’s Holiday Outlook 2023. Against the backdrop of a dynamic global economy and the rising popularity of cryptocurrencies, Nexo‘s threefold cashback offer aligns seamlessly with the escalating consumer desire for financial products that offer more than mere transactional value. This strategic move comes at a time of increased seasonal spending activity, addressing the heightened need among consumers to optimize their purchasing power.

Cashback for Debit Mode

Responding to the evolving needs of its user base, Nexo has extended the unprecedented cashback benefits to the Debit mode of the Nexo Card. The cashback rates are tiered based on the user’s card tier, ensuring that rewards are tailored to individual preferences and usage patterns.

• Platinum Tier: 2% in NEXO; 0.5% in BTC
• Gold Tier: 1% in NEXO; 0.3% in BTC
• Silver Tier: 0.7% in NEXO; 0.2% in BTC
• Base Tier: 0.5% in NEXO; 0.1% in BTC

This introduction of cashback in Debit mode reflects Nexo’s commitment to providing value at every level of card usage, giving users more reasons to choose the Nexo Card for their everyday transactions.

Tripled Cashback for Credit Mode

New Nexo Card users are in for a treat, as Nexo triples the cashback rates in Credit mode across all tiers. This move aims to meet the heightened consumer demand for financial products that offer more than just transactional value, particularly during the festive season and increased spending activity.

• Platinum Tier: 6% in NEXO; 1.5% in BTC
• Gold Tier: 3% in NEXO; 0.9% in BTC
• Silver Tier: 2.1% in NEXO; 0.6% in BTC
• Base Tier: 1.5% in NEXO; 0.3% in BTC

These tripled cashback rates are set to empower users with unparalleled benefits, making the Nexo Card a compelling choice for holiday shopping and everyday spending.

Revised Monthly Cashback Limits

To ensure sustainability and fair distribution of rewards, Nexo has introduced revised monthly cashback limits for each tier:

• Platinum Tier: $100 monthly cashback limit
• Gold Tier: $75 monthly cashback limit
• Silver Tier: $50 monthly cashback limit
• Base Tier: $25 monthly cashback limit

These limits are designed to allow users to enjoy substantial rewards while maintaining a balance that aligns with their card tier.

This exclusive seasonal offering underscores Nexo’s dedication to delivering beyond seamless transactions, emphasizing the exceptional value for its cardholders. As the year comes to a close, the enhanced cashback for both Debit and Credit Modes on the Nexo Card enables users to maximize benefits, solidifying Nexo’s role as a leader in innovating card reward standards.

Nexo, the world’s leading digital assets institution, has processed over $130 billion for more than 6 million satisfied users across 200 jurisdictions. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products, including advanced trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. In 2022, Nexo launched its investment arm, Nexo Ventures, which now boasts over 60 portfolio companies, further diversifying its offerings in the digital assets space.