Let'S say i have €100 as wallet value. I spend €15,

Question

Let'S say i have €100 as wallet value. I spend €15,

so i have a debt of €15 against Nexo, that i pay, let's say after 28 days. I will pay €15, is that correct?

Second case.

I still have €100, but i spend €80. I will be in debt of €80 with Nexo, and i will start paying daily interests immediately, is that correct as well?

#cryptocurrency #english #nexo

0

14.04.2022

7 ответов

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Kodiaq [No DMs] Автор вопроса

Oh right, forgot to say it's a doubt with the card. e.e

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14.04.2022

Kodiaq [No DMs] Автор вопроса

Jesur | Nexo | No Support via DM
The second example would be correct but you can re...

So the 0% interest rate is only valid if i have a 20% LTV of the wallet (i'm a platinum user)?

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14.04.2022

Jesur | Nexo | No Support via DM

Kodiaq [No DMs]
So the 0% interest rate is only valid if i have a ...

That is correct, you can take advantage of this feature to not pay interest on your credit, as you can imagine :).

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14.04.2022

Kodiaq [No DMs] Автор вопроса

Jesur | Nexo | No Support via DM
That is correct, you can take advantage of this fe...

And if i go over this LTV, what is the interest rate? It might be even higher than the banks. o.o

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14.04.2022

Jesur | Nexo | No Support via DM

Kodiaq [No DMs]
And if i go over this LTV, what is the interest ra...

You can check the interest rates here: https://support.nexo.io/hc/en-us/articles/360008116934-What-is-the-interest-rate-of-my-loan-

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14.04.2022

Kodiaq [No DMs] Автор вопроса

Jesur | Nexo | No Support via DM
You can check the interest rates here: https://sup...

Oh it's the same than a normal loan, aight.

0

14.04.2022

Jesur | Nexo | No Support via DM · Accepted Answer

Jesur | Nexo | No Support via DM

The second example would be correct but you can repay as soon as the loan appears on your account which can take time after the actual purchase since it needs to be authorized and confirmed by our banking partners.

0

14.04.2022

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Let'S say i have €100 as wallet value. I spend €15,

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