- What cashback benefits does Gate Card Midnight offer?
- Gate Card Midnight offers 1% base cashback on eligible purchases. In selected high-frequency spending categories—such as dining, groceries, and fuel—users can earn up to an additional 2% bonus cashback.Cashback is issued in the form of points, which can be redeemed at a fixed rate for major cryptocurrencies.
2. How do I earn points?
- Points are awarded based on transaction type and fall into two core categories:
- Base Points: Earn 1 point for every 1 USD/EUR spent, equivalent to 1% cashback.
- Bonus Points: Earn an additional 1–2 points per 1 USD/EUR spent in designated categories, bringing the total cashback in those categories up to 2%.
3. What is the points redemption rate?
- 100 points = 1 USDT (fixed rate).
For example: Spending 100 USD/EUR earns 100 points, which can be redeemed for 1 USDT.
4. Which transactions are not eligible for points?
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Fiat payments (e.g., direct deductions from a fiat balance).
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Non-purchase transactions including but not limited to fees, management charges, top-ups, and withdrawals.
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Reversed, canceled, or refunded transactions.
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Certain merchant categories, including but not limited to:
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Financial institutions: Goods purchases, services, and debt repayments.
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Non-financial institutions: Stored-value card purchases or top-ups.
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Non-financial institutions: Foreign currency or non-fiat currency transactions, money orders, account funding, traveler’s checks, and debt-related payments.
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Remittance transactions.
5. Do points expire?
- No. Points do not expire and remain valid permanently. They can be redeemed at any time.
6. What is the minimum amount required for points redemption?
- Automatic redemption: Minimum 50 points (equivalent to 0.5 USDT)
- Manual redemption: Minimum 50 points (equivalent to 0.5 USDT)
7. Is there a monthly cap on points?
- Base Points: Up to 50,000 points per month (equivalent to 500 USDT).
- Bonus Points: Up to 1,000 points per month (equivalent to 10 USDT).
8. Which cryptocurrencies can points be redeemed into?
- Currently, points can be redeemed for USDT, BTC, ETH, and GT. Additional cryptocurrencies will be supported in future updates.
