November 21, 2023 — Nexo, the world’s leading digital assets institution, proudly unveils the addition of cashback in Debit Mode of the Nexo Card for the first time, while tripling cashback rates in Credit mode up to an industry-leading 6%. This exclusive, festive season offering for the world’s first crypto-backed credit card is available to new users and will run through December 31st.
Amidst a changing global economy and increasing adoption of cryptocurrencies, Nexo’s 3x cashback aptly meets the growing consumer demand for financial products with more than just transactional value, especially in time for the seasonal heightened spending activity and desire to maximize purchasing power.
2023 Christmas Shopping Facts:
- 72% of consumers expect discounts before Black Friday, according to PwC’s Holiday Outlook 2023.
- Consumers are expected to increase spending by 7% in 2023, allocating an average of $1,530 for gifts, travel, and entertainment.
- Consumers with household incomes of up to $25,000 will spend 18% more in 2023 – the same percentage increase as in households with an income of over $150,000.
Introduction of Debit Mode Cashback
Serving our community’s interests, Nexo extends the unprecedented cashback benefits to the Nexo Card Debit mode:
- Platinum Tier
Exclusive Rates: 2% in NEXO; 0.5% in BTC ● Gold Tier
Exclusive Rates: 1% in NEXO; 0.3% in BTC
- Silver Tier
Exclusive Rates: 0.7% in NEXO; 0.2% in BTC ● Base Tier
Exclusive Rates: 0.5% in NEXO; 0.1% in BTC
Tripled Credit Mode Cashback Rates
New Nexo Card users can now revel in increased Credit Mode Cashback rates across all tiers:
- Platinum Tier
The pinnacle of rewards, with rates soaring from 2% in NEXO and 0.5% in BTC to an unparalleled 6% in NEXO and 1.5% in BTC. ● Gold Tier
Enhanced cashback rates of 3% in NEXO and 0.9% in BTC, up from 1% in NEXO and 0.3% in BTC.
- Silver Tier
Rates elevated from 0.7% in NEXO and 0.2% in BTC to an impressive 2.1% in NEXO and 0.6% in BTC.
- Base Tier
Rates increased from 0.5% in NEXO and 0.1% in BTC to an exceptional 1.5% in NEXO and
0.3% in BTC during the exclusive period.
Revised Monthly Cashback Limits
To reward Nexo Card users efficiently and sustainably, updated cashback limits have been introduced:
● Platinum Tier
A generous $100 monthly cashback limit.
- Gold Tier
Enjoy a $75 monthly cashback limit.
- Silver Tier
Benefit from a $50 monthly cashback limit.
- Base Tier
Take advantage of a $25 monthly cashback limit.
This exclusive seasonal offering showcases Nexo’s commitment to delivering beyond seamless transactions, emphasizing the exceptional value for its cardholders. As the year draws to a close, the enhanced cashback for both Debit and Credit Modes on the Nexo Card enables users to maximize benefits and reinforces Nexo’s role as a leader in innovating card reward standards.
About Nexo
Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 6,000,000+ satisfied users across more than 200 jurisdictions.
Visit nexo.com to learn more.
Media Contacts
Nexo PR team pr@nexo.com
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