#GateCardUpTo8%Cashback
Gate Cards 8% Tier Just Got Way More Accessible. Here's What Changed
Gate Card quietly changed its cashback system this month and the change really makes a difference if you have been using crypto without giving thought to the card you are using. It is now a six-level system that starts at 1% and goes up to 8%. The cashback is given as points that can be used for USDT or GT. The card is a Visa Platinum that spends directly from your Gate exchange balance. No need to top up manually.
Here is the important detail that actually changes who this card is helpful for. The 8% level used to require VIP 10 or higher trading volume, which basically meant only people who trade a lot could ever reach it. Now there is another way in: anyone who spends 15,000 USDT a month on the card can get 8% well no matter what their trading level is. This opens the door to a different group of people. Those who spend a lot but don't necessarily trade a lot.
It is important to understand the cost before thinking that "8% cashback" means pure profit. There is a 0.9% fee when converting crypto to fiat at the time of purchase plus a 0.4% FX fee for -USD transactions. So the actual return is to 8% minus these fees when spending abroad or in another currency. Still good, but not exactly 8% in your pocket every time you use the card. Spending in USD avoids the FX fee so that is where the math is cleanest.
My honest opinion. For someone who is already using crypto and spending a lot each month moving up this ladder through spending than needing a high trading volume is a much better system than most competitors, where top cashback often needs to stake large amounts of a token you may not want to hold. Still don't try to hit the 15,000 USDT per month spending target for the 8%. If thats not your normal spending the lower levels still beat most traditional cards that offer 1-2% cashback.
Are you already, in a tier where you are getting cashback or is this the first time you are hearing that the top tier is easier to reach?
#CryptoCard #GateCard
Gate Cards 8% Tier Just Got Way More Accessible. Here's What Changed
Gate Card quietly changed its cashback system this month and the change really makes a difference if you have been using crypto without giving thought to the card you are using. It is now a six-level system that starts at 1% and goes up to 8%. The cashback is given as points that can be used for USDT or GT. The card is a Visa Platinum that spends directly from your Gate exchange balance. No need to top up manually.
Here is the important detail that actually changes who this card is helpful for. The 8% level used to require VIP 10 or higher trading volume, which basically meant only people who trade a lot could ever reach it. Now there is another way in: anyone who spends 15,000 USDT a month on the card can get 8% well no matter what their trading level is. This opens the door to a different group of people. Those who spend a lot but don't necessarily trade a lot.
It is important to understand the cost before thinking that "8% cashback" means pure profit. There is a 0.9% fee when converting crypto to fiat at the time of purchase plus a 0.4% FX fee for -USD transactions. So the actual return is to 8% minus these fees when spending abroad or in another currency. Still good, but not exactly 8% in your pocket every time you use the card. Spending in USD avoids the FX fee so that is where the math is cleanest.
My honest opinion. For someone who is already using crypto and spending a lot each month moving up this ladder through spending than needing a high trading volume is a much better system than most competitors, where top cashback often needs to stake large amounts of a token you may not want to hold. Still don't try to hit the 15,000 USDT per month spending target for the 8%. If thats not your normal spending the lower levels still beat most traditional cards that offer 1-2% cashback.
Are you already, in a tier where you are getting cashback or is this the first time you are hearing that the top tier is easier to reach?
#CryptoCard #GateCard








