MCO Visa Card is a card service that belongs to Crypto.com. It’s a VISA card that requires MCO staking. MCO Visa cards are prepaid cards that can be topped up with cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, and Crypto.com’s native MCO token.
In order for you to acquire a metal MCO Visa card and receive all its benefits, such as cashback up to 5% in MCO and free Netflix, Spotify and Amazon Prime accounts, you will need to Stake MCO for at least 6 months. The specific MCO amount to stake differs from card to card.
Anyone in the USA (49 states), the EU, or Singapore can use the MCO Visa card to spend cryptos at millions of locations globally.
MCO card rewards, benefits and purchase rebates
Crypto.com offers extreme good rewards, benefits and purchase rebates with its MCO VISA card. You can enjoy rebates on Spotify, Netflix, Airbnb and Amazon Prime. In addition, you can get up to 5% cashback and free access to airport lounges around the world.
An ongoing MCO Token lockup is required to continue receiving purchase rebates.
See some of the benefits in the table below.
The limit for the purchase rebates are as follow:
Expedia: Up to 10% of each purchase with a US$50 limit per month
Airbnb: Up to 10% of each purchase with a US$100 limit per month
Spotify: Up to US$12.99 per month
Netflix: Up to US$12.99 per month
Amazon Prime: Up to US$12.99 per month rebate of membership fee
What different Crypto.com MCO cards are there?
Below you can see the five different categories of MCO Visa cards and the required staking for each category
- Obsidian, 50K MCO staking (≅ 200,000 USD)
- Frosted Rose Gold and Icy White, 5K MCO Staking (≅ 20,000 USD)
- Royal Indigo and Jade Green, 500 MCO Staking (≅ 2,000 USD)
- Ruby Steel, 50 MCO Staking (≅ 200 USD)
- Midnight Blue, No staking required
How do I apply for a MCO VISA card?
- Sign Up
Download the Crypto.com, complete the KYC and sign up for the MCO VISA card. The Crypto.com App is available both for Iphone and Android.
- Purchase MCO tokens
You need to stake MCO tokens to receive a MCO VISA card according to the table with the different types of VISA card stated above in this article. MCO tokens can be purchased directly in the Crypto.com App:
- with your credit card (Visa/Mastercard)
- bank transfer via SEPA (EUR), ACH (USD), SWIFT, fiat top-up
You can also purchase MCO on crypto exchanges, such as Binance or Bittrex. The most common trading pairs on these exchanges are MCO/BTC, MCO/ETH, MCO/BNB and MCO/KRW. If you buy the MCO tokens on an external exchange you need to deposit them into your Crypto.com Wallet to stake them for a MCO VISA card.
- MCO Staking for MCO VISA card
You have to lock up your MCO for 6 months and after this you will be able to unlock and transfer the staked MCO tokens back to the Crypto.com App. You can either sell them for another cryptocurrency or continue to lock them to enjoy additional features.
The MCO card usage and benefits (Card Cashback, LoungeKey™ Access, fee-free ATM withdrawal limits and Interbank Exchange Rates) will remain the same, no strings attached.
- Shipment of the MCO VISA card
You will be prompted to update the app and stake the MCO when the MCO VISA card is ready for shipment, if you don’t already have done this.
How do I activate my MCO card?
When you have received your MCO VISA card you must activate it. Complete these steps:
- Click on the card icon in the applower right hand corner)
- Click on “Activate My Card” button
- Enter you 3 digit CVV. You find this on the backside of your MCO VISA card
- Create and enter your personal PIN code*
- Top up your MCO VISA card.
*All EU & UK cards come with a preset 4-digit PIN. This view-only PIN can be found under Card > Settings. Setting a personalised PIN can be done at a VISA ATM.
When will I receive MCO cashback?
You will earn MCO tokens cashback for every purchase you make. Those MCO tokens are not created out of thin air but is bought from exchanges using Crypto.com´s trading algorithm.