Review on Monaco Midnight Blue Card by Olugbenga Ajayi
It is a card with too basic features
Imagine using a cryptocurrency card that charges almost no fee on all transactions. Such card is Monaco midnight blue card. It is a kind of MCO card launched by crypto dot com.
Like most cryptocurrency cards, it can be used everywhere a Visa card is accepted.
Starting with issuance and shipping fee, it charges zero fee. The usual monthly/ yearly fee that is common to other cards is also zero. Although it attaches very small monthly fee only when user exceeds $200 limit.
Further more there is a $2000 interbank Exchange rate limit on the card. While it can be used to pay and withdraw on ATMs and POS, not all support it. Some online store like Amazon that requires more stringent security measures may not accept the card.
Pros
- It offers 1% cash back on every transaction
- Zero cross border transaction fee
- It has block and unblock features for security
- No issuance fee
- It is the most basic of MCO card
Cons
- There is doubt about where the founder of the card makes money since almost all operations goes with zero charges
- It does not automatically convert flat to cryptocurrency
- Not all e-commerce website accepts it
- It's features are too basic
