Hello! I am Istaria, also known as Dahkelor in the crypto.com community.
I am an ambassador for crypto.com and I
am here to tell you about the different
MCO Visa card tiers and why any and all
of them are an excellent choice for you.
If you already know everything there is
to know about the company and what you
need to do to get one of these cards you
can skip the early part. I have a time
stamp in the beginning of the
description that you can click on to get you
to the interesting stuff. If you also
know each and everything about the cards
I have made another timestamp for you
that takes you to the very end which is
the part you probably came here for.
Because it's also very possible that you
stumbled upon this video by accident and
don't have any clue about what I'm
talking about. Let's start with the very basics,
which is the introduction and the product
itself. This video refers to the MCO Visa
card which is a prepaid debit card offered
by a global startup called crypto.com
This is an amazing payment card, because
not only does it offer free interbank
exchange rates, cash withdrawals and even
cashback for your purchases
it also bridges the world of crypto and
regular currency. In order to get one of
these impressive cards you have to
register to the app. Link in the description.
and complete a customer
identification verification. You'll need
a phone number and a driver's license
national ID card or a passport to
complete your registration. Once you have
completed your registration you have a
choice to make. You can pick up the basic
card which is completely free from
beginning to the end and requires
nothing but signing up and yet is still great.
This starter tier car is made of
plastic
unlike the premium cards which are made
of composite metal. If you can't resist
the call of a metal card, and some very nice benefits and rewards that come with it,
you'll have to enter the crypto.com MCO ecosystem. All of the card tiers are
completely free to use, as in there is
no monthly fees, no hidden fees, delivery
fees, signup fees, or any other type of
fees, but in order to reserve them, you
have to have a certain amount of their
MCO token in your possession. It doesn't
matter where you got them. You can buy
them or have your
friend or partner give you some of theirs,
all that matters is that you have them
and are willing to lock them in the app for
a period of six months. Once you have
done this you are eligible for that tier of
a card for life. We'll start with the
Midnight Blue, which is the bottom tier
card. It has a special power, which is
that it doesn't cost you a single penny
to grab one of these bad boys
it also looks quite nice for a plastic
card. It has all the necessary features
and it allows you to spend your currency,
including crypto and if you are abroad
you will enjoy a free perfect interbank
exchange rates up to two thousand US
dollars and cash withdrawals up to two
hundred per month. If you go over these
limits you will get a very reasonable
charge added on top. In addition,
it offers one percent cashback on pretty
much anything you buy. This is what truly
sets it apart from the competition. Most
bank cards outside of the United States
can't match this even if they have fees
associated with them and many of them
charge fees for withdrawing money and
payments in foreign currencies. All this
utility for the great price of
absolutely nothing at all!
Onto the Ruby Steel, our second tier card. This card packs quite a punch for its requirement
of 50 MCO tokens, which at the time of
this video cost around 250 United States dollars,
225 Euro or 200 British Pound Sterling.
In addition if you use the referral link
and code found in the description you
can offset this cost by fifty dollars,
which makes it even more affordable.
If you want to take this to a whole next
level, refer your friend or partner
yourself afterward and since you
both get a $50 referral and signup bonus
your duo could in theory cut the cost of
the second card down by 40%! And yeah, you
get to keep that money! Because remember, you don't buy the card you just
temporarily lookup your tokens and you
can then sell them afterwards if you
like. So if you're using this method, you
can actually get the card for free and
also 50 or 100 dollars on top of it as
long as you are willing to wait for six
months to regain the access to your
tokens. Anyway, onto the perks and what
makes this card great. The thing most
people will immediately pay attention to,
is that this car looks freaking amazing!
It's made of composite metal and people
in general just love the red color of it.
There are quite a number of people who
don't even realize that metal payment
cards are a thing, so if flexing to
your friends with a card that looks
like you are some kind of a baller is
something you're looking forward to
doing, the offer just got a whole lot better.
With this card, the free interbank and withdrawal rates are
doubled compared to the free card and
unless you spend a ton of money or the
country you are visiting has basically
no card readers apart from ATMs, it
should be very reasonable to assume
you'd be able to stay within those
limits even at this very first and
affordable premium tier. When it comes to
the rest of the perks, they are tied to
the 50 MCO tokens that one has
decided to lock to get the card in the
first place. You have to keep them locked
for at least six months but you don't
have to unlock them after that period of
time has passed to keep enjoying the
maximum benefits. If you do decide to
unlock them however, these additional perks go away and you are left with the
same one percent cashback as the free
Midnight Blue card but you get to keep
your increased limits regardless. Oh and
the card will still be made of metal!
While you do keep the 50 MCO however,
if you are a Spotify user, as long as you
pay your subscription with this card, you
will get reimbursed for the whole amount
in MCO tokens. In addition your cashback is increased to a total of 2%.
Now, we are on our way to the big-boy cards. Every time your card tier increases by
one the MCO requirement and thus the
required capital and risk to attain that
tier increases tenfold. At this tier the
rewards in my opinion easily keep up
with the capital requirement. For the
first time on the card tier ladder, you
are presented with an additional choice.
You have to decide if you like the Jade
Green better or if the Royal Indigo is
your favorite pick. Oh, and in case you were
wondering, indigo apparently means one
part purple three parts blue, so almost
blue, but not quite! Let's start with the
stuff that remains even if you decide to
sell your 500 tokens after the six
months are up, or give them to your
partner for their own car
or whatever. The interbank spending and
withdrawing limits are increased even
further to a whopping ten thousand and
eight hundred dollars, respectively. In
addition you get the real super perk of
this card, which is the LoungeKey
airport lounge access. It allows you to
visit over 1,000 different lounges on
hundreds of airports around the world.
I'll post a link in the description
which allows you to search by city,
country or airport, so you can see what
kind of a selection of lounges you have
in the area that you live in or
frequently fly to. Keep in mind, we are
still at that part where even if you no
longer have your 500 tokens, you still
get to keep this airport lounge perk. I
don't know about you but I simply can't
resist free snacks, food and drinks. While
your 500 tokens are locked up, you also
get three percent cash back on all your
purchases, full rebates on Spotify and
most of your highest costing Netflix
premium subscription. If you opt for the
standard subscription, that one is
covered fully. In addition, and this is
very important; you get 6% interest
annually on your 500 MCO, paid out every
week. This comes to exactly 30 MCO of
passive income every year, just for
having this amazing card and all the
perks that come with it.
Finally the perks don't stop there! If
you are utilizing the extremely powerful
crypto Earn feature of the app, having
these 500 tokens locked up will greatly
boost your earn annual percentage rates,
adding a lot of value to the tier. If
you don't know what Earn is, you should
find out, because it may even dethrone
the card as the flagship product of the
crypto.com ecosystem. Moving on to the
second highest tier, the Icy White and
Frosted Rose Gold cards. Just like the
previous tier, you again get to choose
from two designs. Go with whichever looks
better to you. Both of them are beautiful,
as they should be at this level of
capital required. And that level is quite
a lot. You need 10 times more than the
previous tier, which would be a total of
5000 MCO tokens. At the time of recording
this video, that's a whopping 25 to 30
thousand US dollars. A hefty sum by
nearly anyone's standards. So, sounds
expensive? What do you get for that grand sum?
Well, a lot of good stuff! Just like
with all the cards from crypto.com.
As always, we'll start with the ones you get
to keep
even if you later decide to remove your
stake, and then move on to the ones that
require an ongoing active stake. The
limits increase again; a whole total of
1,000 US dollars of free ATM
withdrawals per month and a whopping
$20,000 worth of free interbank exchange.
In addition, that amazing LoungeKey perk;
with this card, you get to take a friend
with you into the lounge. Your unstaked
cashback amount is increased to 1.75 percent. These are all perks you keep no matter
what ,as long as you complete the
six-month stake, even if you sell your
tokens afterwards. If you decide to keep
them locked however, the perks are that
much sweeter. To start, your cashback is bumped up to
a whopping 4 percent. On top of Netflix
and Spotify, you also get a monthly
Amazon Prime subscription, as well as
some rebates if you use Expedia. You also
earn the maximum rate of 8 percent for your stake, which today and since the
beginning has been 400 MCO per year in
interest. Last but certainly not least,
having this stake level active grants you
entrance to the exclusive MCO Private
club. Upon entering, you are getting a
welcome pack of merch, such as the
"Be cool like Kris" hoodie and some other goodies which you can use the showcase your
dedication to the brand to all those
around you. In addition, you get two
percent additional interest on all
crypto.com non-MCO
or CRO Earn fixed terms, as well as
priority customer support, access to
over-the-counter trades, research reports
and possible invites to industry events.
The exclusive MCO private club is full
of valuable perks and having read some
of these reports myself, they are
actually well worth the read, in my opinion.
Finally, the last tier. The super
exclusive Obsidian card. It's black and
it's badass and it costs 50,000 MCO
tokens, which is well into the hundreds
of thousands of dollars. Definitely not
for everyone, but if you are hardcore
believer and just happen to have those
tokens lying around, you may as well. As
exclusive as the card is, your perks are
quite similar to the previous tier. Let's
start with those that you get to keep
even if you end up removing your stake
all together eventually.
2% cashback for all purchases, unlimited
interbank exchange rates but no
improvement towards ATM withdrawals over
the previous tier. That's still at $1,000
per month. You also have the same LoungeKey perk -
you and the guest. If you have
an active stake, your cashback goes all
the way to 5% and you are also getting a
rebate on Airbnb bookings. There's also a
Private Jet membership thrown into the
mix, but it's not exactly what it sounds.
You will still be paying for all your
travel and it will be really expensive
per hour in the air. If you do that sort
of thing though, this will save you some
money in membership fees. The 8% stake
interest is active with this tier as well,
netting you a whopping four thousand MCO per year.
In addition, although both tiers allow entry to the
MCO private program, the fifty thousand
MCO staking members enjoy priority with
the industry event invites.
And finally, after all that necessary set up here we
are, the best saved for last. The part
about what makes the each card tier great, and definitely worth going for. Let's start
with the Midnight Blue, though there
really isn't much beating around the bush.
The best feature of this card is
that it has an infinite return on
investment. This is also why this tier is great, because you simply can't go
wrong with it. You are essentially earning something
for nothing, something none of the higher
tier cards can offer, even though they do
offer a lot more in absolute value. Let's
move on to the Ruby Steel. Many call this
the best deal and they might be right. I
personally wouldn't place it on the
number one spot in the rankings, but it
is definitely a sweet deal nonetheless.
So, why is this card so great then?
Well, the referral bonus for one. Locking,
say $250 for six months to get $50
instantly, is a great deal already in
itself. Even better if that number is
actually $100 because your unit is
getting a two-for-one deal. That is like
earning 40 percent or 80 percent
annualized interest for that first half
of the year, which is ridiculously good.
And once that interest stops accruing, so
to say you, could just cash out if you
like to. In addition, you get an amazing
card, which if you are a Spotify user
saves you over ten bucks a month. If we
estimate the cost with the bonus to be,
for example $200, you'd break even in a
little bit over a year, while still
keeping your tokens earning you even
more savings every month. That's what
makes this card so good.
The rewards are pretty good; 2% cashback
is generous especially outside of the
United States and reserving the card
doesn't carry a lot of risk because of
the referral discount and low barrier of
entry. Last, but certainly not least, it
really doesn't hurt that it just happens
to be made of metal. Onward we go to my
personal favorite, the 500 MCO level Jade
Green and Royal Indigo cards. In my
opinion, the 500 MCO tier is the best
tier for most people. It strikes a
perfect balance of not ruining you
financially if something bad was to
happen to the company while also having
insane perks and being the first card
tier that generates passive income
through the improved earn rates and just by itself. The airport lounge feature
is a very nice quality of life
improvement that you get to keep even if
you change your mind about the
usefulness of the token or need to
temporarily help out your partner to
grab their own, so you can both enter
those lounges together without having
to get 1,000 tokens. It's true that this
card has ten times more capital
intensive requirements and takes longer
to recoup one's initial investment, but
the exclusivity of the lounge access,
increased rebates in the form of
Netflix, interbank spending limits that
would be so hard to reach that you don't
even have to think about them make this
card a winner and something I can truly
recommend to everyone at this steal of
price. Moving on to the Icy White and
Frosted Rose Gold cards and the 5000
MCO tier. This is the passive income
tier, a true winner for anyone who has
enough money in crypto Earn.
Due to its very intensive capital
requirements and additional risk, I
certainly do not recommend everyone to
get it, but it will definitely serve
those that do very well. I could mention
that it generates more money back from
the perks than the previous tiers and I
would be right, but obviously takes even
longer to earn back
initial investment. The quality of life
increases in the form of priority
customer support, rebates for Amazon
Prime and being able to use the lounge
with a friend are certainly good, as well
as the fact that this tier has probably
the prettiest looking cards on the whole
selection. But, ultimately it is the
increased earn that makes it worth your
while. For every ten thousand dollars you
are getting an additional $200
back per year, so it is even possible to
raise the return on investment to such
high levels that recouping your
investment could actually be faster with
this bonus alone, assuming you have enough
assets to do that. The tier itself also
generates 400 MCO per year,
which definitely helps bridging the gap.
It is important to keep in mind that
although the absolute gain in dollars
per percentage is always the same for
every tier increase, it is a lot harder
to find cards that keep this level of
cashback out in the wild. To understand
what I mean, let me explain it like this:
If you have a card by another issue
offering two percent back, the first
premium tier actually breaks even. Going
all the way to four percent is
actually a bigger jump than it first
seems, because it offers you two percent
more than what you previously had and
it is really hard to find a card that
would offer you four percent back on
everything. In other words, because the
offering is unique it has more value,
because you can't find similar value anywhere else.
And finally, the Obsidian Black.
The ridiculously expensive card that
requires either an insane tolerance for
risk or extremely deep pockets. Probably
both. What is interesting about this card
is that the perks are very similar to
the previous tier. The additional 1% cashback
has lots of value for the reasons
I just mentioned, but because of the lack
of other new valuable perks, it would be
very hard to justify this tier on that
alone. Ten times an already steep price
for 1% more cashback? Nuh-uh. There are two
things that make this tier worth it for
a very specific individual, however, the
first start having 50,000 MCO tokens
locked up for your Obsidian Black MCO
Visa card, allows you to pump your Earn
capital maximum limit all the way up to
2 million US dollars. If the 1 million of
the previous tier wasn't enough
for you, this definitely gives you
immense value, because the extra million
could very well generate over $100,000
worth of interest in a year. That alone
would make the return on investment of
this card drastically higher and could
in fact earn back your investment in a
relatively quick fashion. The additional
benefit, is that the whole fifty thousand MCO stake generates 8% annually, which
is four thousand MCO. Having 50,000 MCO
in crypto Earn with the same interest rate
would lock these tokens up for three
months at a time, but once one has
completed the initial six-month lockup,
the token still keeps generating 8% and
give all the increased perks but you can
actually withdraw them at any time if
you ever need them. If you see a reason
to exit, having access to what is
essentially a flexible 50000 MCO Earn at 8% can be a lifesaver in
addition this 50,000 MCO generates
interest, but it is not counted towards
the 2 million Earn limit, which could
be a very drastic difference in limits
if the MCO token price was to increase
substantially.
Well, that's all for this video! If you liked it, feel free to hit like and subscribe and you'll see more
videos from me in the future. I do not
post only crypto.com related stuff
although there is still a lot more that
needs to be said about this up and
coming company, so plenty of videos to do,
as soon as I get around them.
Stay safe, and take it easy!
