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Aljo-

Hi, I made my first card purchase today and found

out that it has not deducted my fiat but my crypto as colateral, so basicaly as a loan. Will there be any interest to pay for this?

#cryptocurrency #english #nexo
0

3 ответов

15 просмотров
Yan | Nexo | No support on DM-

Yes, it is a crypto credit card. So you basically borrow with each purchase and all conditions that apply to the usual method of borrowing, apply for the card too. So if you keep the LTV below 20% and are of Platinum loyalty, then the APR is 0% (no interest). If you are repaying a loan 20 days after you took it, you will be charged the additional interest for the remaining 10 days out of the 30-day period (30 - 20 = 10) at 13.9%.

0
08.04.2022
Aljo- Автор вопроса
Yan | Nexo | No support on DM
Yes, it is a crypto credit card. So you basically ...

Thanks. When will the debit option be available?

0
08.04.2022
Yan | Nexo | No support on DM-
Aljo
Thanks. When will the debit option be available?

You’re welcome! We’ve no info about that unfortunately

0
08.04.2022

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