Taiwan’s First Cryptocurrency Cashback Credit Card “KGI Coin Enjoy Card” Debuts
In recent years, cryptocurrencies have garnered significant attention in the global market, prompting Taiwan’s regulatory authorities to actively establish a regulatory framework for virtual assets, aimed at compliance, investor protection, and market stability.
KGI Bank, with its extensive experience and long-term collaboration with domestic cryptocurrency exchanges, has targeted the potential development of Taiwan’s digital asset market. In partnership with Mastercard, it has launched the nation’s first credit card that combines cryptocurrency cashback, the “KGI Coin Enjoy Card.” Cardholders can accumulate “Coin Enjoy Points” with a maximum cashback of 7% through card spending. For new credit card holders, during the promotional period in the first year, redeeming Coin Enjoy Points at the MAX digital asset exchange under the MaiCoin Group for specified cryptocurrencies (Bitcoin, Ethereum, Tether) will yield an additional 50% bonus cashback.
Moreover, if cardholders set their KGI Karry digital account as the deposit and withdrawal account for the partnered exchange and complete specific tasks, they will receive an additional 6 Tether (USDT). While enjoying secure and convenient spending, cardholders can also accumulate investments in digital assets.
The MaiCoin Group is committed to bridging cryptocurrencies with real-world applications, allowing merchants and consumers to easily and painlessly enter the cryptocurrency world by exchanging membership points for cryptocurrencies.
The MaiCoin Group stated: “We are dedicated to collaborating with various merchant platforms. This partnership between MAX digital asset exchange and the KGI Coin Enjoy Card for points exchange into cryptocurrency breaks the traditional impression of credit card usage solely for consumption, providing cardholders the opportunity to convert accumulated Coin Enjoy Points into cryptocurrencies, allowing for a seamless entry into the cryptocurrency world and opening a new chapter in investment and finance. We hope this collaboration will help more cross-industry consumers understand cryptocurrencies and look forward to bringing more customer opportunities to merchant platforms.”
Coin Enjoy Card Offers Multiple Cashback Options and No Fees for Overseas Transactions
The KGI Coin Enjoy Card provides cardholders with cashback points of 1% for domestic general spending, 2% for overseas general spending, and 3% for specified spending, with a maximum of 7% achievable by completing designated tasks. Additionally, overseas transactions incur no fees, and every 1 Coin Enjoy Point can be exchanged for an equivalent of 1 TWD in cryptocurrency. New credit card holders can receive an additional 50% bonus cashback when redeeming Coin Enjoy Points for three major specified cryptocurrencies (Bitcoin, Ethereum, Tether) at the MAX digital asset exchange during their first year.
For example, if a cardholder accumulates 300 Coin Enjoy Points, they can exchange it for cryptocurrency valued at 450 TWD, allowing them to convert spending into investments and easily accumulate digital assets.
KGI Bank stated: “With the development of global digital finance, cryptocurrencies have become part of many investors’ asset allocations and a trend in financial investment. By launching the market’s first cryptocurrency credit card, KGI Bank not only meets the needs of domestic cryptocurrency investors but also combines consumption with financial management. We aim to target potential customers, enabling them to convert spending into cryptocurrency investments through the KGI Coin Enjoy Card, lowering entry barriers for the public and allowing them to participate in the cryptocurrency market in a more relaxed, secure, and transparent manner, gradually understanding the workings of cryptocurrencies and increasing opportunities to accumulate digital assets.”
In addition to providing multiple card issuance and spending rewards, the KGI Coin Enjoy Card features a high-quality card design. Utilizing unique patented light guide technology, it creates a full-card LED glowing credit card. When the card is near a card reader for transaction sensing, the star chain pattern on the card will shine brightly. Only 5,000 cards will be issued, making them highly collectible.
Individuals interested in and concerned about cryptocurrencies can apply for the “KGI Coin Enjoy Card” through KGI Bank’s online application platform. By utilizing the MyData platform for financial proof, they can also simultaneously apply for a KGI Karry digital account, ensuring a convenient and quick application process. For more details on the promotion, please visit this link.