MCO Visa Card Review
Wouldn’t it be nice if you could convert your crypto assets into everyday purchases and buy goods with bitcoin and other altcoins? Well, now you can. Just get a cryptocurrency debit card and buy also non-virtual goods (coffee, beer, clothes, etc.) with your crypto assets. This is a review of MCO Visa Card – one of the many cryptocurrency debit cards.
UPDATE 22 January 2019: MCO Visa Card is the result of the rebranding of the Monaco Card. The rebranding transition was completed in September 2018 and the card is now shipping in Singapore. The company behind the card is currentyl preparing for the launch in US, and thereafter in the EU and Australia.
MCO Visa Card primarily supports the following cryptocurrencies:
The card will most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, the card supports USD, GBP, HKD, EUR, JPY, SGD and AUD.
The MCO Visa Card is naturally a Visa card, meaning that it is accepted essentially everywhere in the world.
US-investors may not use this card. So, if you’re an American and you’re looking to get a cryptocurrency debit card, you’ll have to resort to this cryptocurrency debit card list and pick one of the cards where there is a green checkmark in the “US Allowed”-column. It shouldn’t be that hard for you now, should it?
MCO Visa Card Fees
We think that the MCO Visa Card charges insanely competitive fees. This means that the fees with this card is not a disadvantage to using it.
There is no issuance fee. There is no monthly fee (0.00 USD). Actually, there is not even any commission on spending. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with only USD 100.
There is no maximum deposit either. Wow, just wow.
The only fee we have been able to find (comparable to other cards) is the ATM withdrawal fee. There is no such fee for withdrawals up to USD 200. But thereafter, the fee is 2.00%.
The card even has a “crypto cash-back”-function, meaning that for everything you spend, you receive 1.00% back in the form of Monaco Coins.
There are six card types (starting from the least exclusive), where the deal you get is the best for the most exclusive. With “deal” we mean higher limit for free ATM-withdrawals and bigger crypto cash-backs (2.00% for the Obsidian Black, see below). These are the card types:
Midnight Blue (no purchase of Monaco Coin required);
Ruby Steel (purchase of at least 50 Monaco Coins – to be held for no less than 6 months – required);
Jade Green (purchase of at least 500 Monaco Coins – to be held for no less than 6 months – required);
Royal Indigo (purchase of at least 500 Monaco Coins – to be held for no less than 6 months – required);
Icy White (purchase of at least 5,000 Monaco Coins – to be held for no less than 6 months – required);
Obsidian Black (purchase of at least 50,000 Monaco Coins – to be held for no less than 6 months – required).
If this is the cryptocurrency debit card for you, congratulations.
If not, check out one of the other epic cryptocurrency debit cards in our cryptocurrency debit card list. Good luck!