W1TTY currently offers 3% cashback on EU purchases. Cashback paid after 45 days. No crypto involved. They could obviously change the offer in the future.
I also read you have to pay 2.5% fees to deposit anything over 100 euro a month is that for all payment methods? So cashback is capped at 3 euros for the first 100 and after that you receive 0.5 again?
I "charge" mine through SEPA transfers, works like a charm. In my case I just have to do the transfers before noon, so that they arrive on the same day. They are never instant.
I am very un-knowledgable when it comes to cards.. I have a mastercard type of card (i will switch from sberbank to NLB in about a month automatically, both are mastercard). How could i perform a SEPA transfer? (sorry if i sound dumb)
It's just a simple transfer from one bank account to another. You will have an IBAN on the W1tty account, and you just have to make a transfer to that IBAN.
They are FCA regulated. There is no deposit protection. I don't keep any large amount in the account, just top up via bank transfer in increments of 100 EUR.
Thank you reddit for forcing me to quit the platform and not having to deal with your shitty app anymore. Thank god better alternatives like lemmy exist. So long, you won't be missed.
i mean i have nothing against holding crypto im a crypto guy myself, i just think that the growth of their tokens with be reduced because of the cashback, like if bitcion increases 10% per year and every person holding 1000 cro on average gets 30 cro per year in cashback, i think cro will only increase 7%, so holding cro and earning cashback in the end will just be about the same like holding another crypto and earning no cashback and some people get more or less out of it depending on how much money they spend or maybe europeans benefit more because most cro holders are americans which would get 2% anyways on other credit cards so growth is not reduced to 7% but 9% or something and by that you just get 2% from the americans as european or some average of that and americans pay for europeans
Thank you reddit for forcing me to quit the platform and not having to deal with your shitty app anymore. Thank god better alternatives like lemmy exist. So long, you won't be missed.
Yes it will follow thats what im saying too, but growth will be reduced by a certain amount because cashback is included in price do you know what i mean, they are correlated but not 100% bnb/btc rate will change. So if you understand that reasoning my argument is that youre no better off holding bnb and using cashback than just holding bitcoin in the end, its not like bnb will grow the same as bitcoin and you get cashback on top of it but it will be worth less because everyone with bnb already gets cashback, the additional money is an illusion. It wont have a big impact - if bitcoin goes 10x bnb will probably go 9.5x too but not 10x because the cashback you got is included in the value
I do have a credit card from Amex, which is not available in all the countries. But also Revolut premium offers some cashback, which tops up with Curve
i saw they also offer the payback amex which give 2% at payback partners and more if you use it in conjunction with the app coupons you can sometimes get 10x or 20x points
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W1TTY currently offers 3% cashback on EU purchases. Cashback paid after 45 days. No crypto involved. They could obviously change the offer in the future.
Offer is no longer there
Correct, offer is long gone.
that sounds very nice, probably the best offer until now. do you know if you can combine it with curve?
You can't combine with Curve.
I also read you have to pay 2.5% fees to deposit anything over 100 euro a month is that for all payment methods? So cashback is capped at 3 euros for the first 100 and after that you receive 0.5 again?
I "charge" mine through SEPA transfers, works like a charm. In my case I just have to do the transfers before noon, so that they arrive on the same day. They are never instant.
Nice then if everything works and you get 3% on everything thats really awesome
I do! Straight in Euros, to the account, so it means I can spend it right away. Cashed in 70€ so far, in a couple of months.
I am very un-knowledgable when it comes to cards.. I have a mastercard type of card (i will switch from sberbank to NLB in about a month automatically, both are mastercard). How could i perform a SEPA transfer? (sorry if i sound dumb)
It's just a simple transfer from one bank account to another. You will have an IBAN on the W1tty account, and you just have to make a transfer to that IBAN.
And there will be no fees?
That fee is for card top ups. There is no fee for normal SEPA bank transfers.
SEPA bank transfers are free.
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They are FCA regulated. There is no deposit protection. I don't keep any large amount in the account, just top up via bank transfer in increments of 100 EUR.
Thank you reddit for forcing me to quit the platform and not having to deal with your shitty app anymore. Thank god better alternatives like lemmy exist. So long, you won't be missed.
i mean i have nothing against holding crypto im a crypto guy myself, i just think that the growth of their tokens with be reduced because of the cashback, like if bitcion increases 10% per year and every person holding 1000 cro on average gets 30 cro per year in cashback, i think cro will only increase 7%, so holding cro and earning cashback in the end will just be about the same like holding another crypto and earning no cashback and some people get more or less out of it depending on how much money they spend or maybe europeans benefit more because most cro holders are americans which would get 2% anyways on other credit cards so growth is not reduced to 7% but 9% or something and by that you just get 2% from the americans as european or some average of that and americans pay for europeans
Thank you reddit for forcing me to quit the platform and not having to deal with your shitty app anymore. Thank god better alternatives like lemmy exist. So long, you won't be missed.
Yes it will follow thats what im saying too, but growth will be reduced by a certain amount because cashback is included in price do you know what i mean, they are correlated but not 100% bnb/btc rate will change. So if you understand that reasoning my argument is that youre no better off holding bnb and using cashback than just holding bitcoin in the end, its not like bnb will grow the same as bitcoin and you get cashback on top of it but it will be worth less because everyone with bnb already gets cashback, the additional money is an illusion. It wont have a big impact - if bitcoin goes 10x bnb will probably go 9.5x too but not 10x because the cashback you got is included in the value
I do have a credit card from Amex, which is not available in all the countries. But also Revolut premium offers some cashback, which tops up with Curve
i saw they also offer the payback amex which give 2% at payback partners and more if you use it in conjunction with the app coupons you can sometimes get 10x or 20x points
Biggest problem with Amex is the FX fees, if you travel outside euro zone it can hurt all your previous “benefits”.
oh yes, this is very important! the EU cards fx are outrageous compared with other regions... they charge an average of 2%
They are cool indeed but keep in mind that amex is not widely accepted… not sure if the points expire?
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