1. What cashback benefits does Gate Card Midnight offer?
- Gate Card Midnight offers a base 1% cashback on eligible spending, and up to an additional 2% cashback in specific high-frequency categories such as dining, groceries, and fuel. Cashback is granted in the form of points, which can be redeemed at a fixed rate into major cryptocurrencies.
2. How do I earn points?
- Gate Card Midnight awards points at different rates depending on the type of transaction. There are two main types of points:
- Base points: Earn 1 point for every 1 USD/EUR spent (equivalent to 1% cashback).
- Bonus points: Earn an additional 1–2 points for every 1 USD/EUR spent (equivalent to 2% cashback in total for those categories).
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 do not earn points?
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Fiat payments (e.g., direct debits from a fiat balance).
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Non-purchase transactions such as fees, management charges, top-ups, and withdrawals.
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Orders that are reversed or refunded.
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Certain merchant categories, including but not limited to:
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Financial institutions: Goods, services, and debt repayments.
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Non-financial institutions: Purchase or top-up of stored-value cards.
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Non-financial institutions: Foreign currency, non-fiat currency orders, money orders, account funding, traveler’s checks, and debt repayments.
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Remittances.
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 for points redemption?
- Automatic redemption: Minimum of 50 points (equivalent to 0.5 USDT).
- Manual redemption: Minimum of 50 points (equivalent to 0.5 USDT).
7. Is there a monthly cap on points?
- Base points: Capped at 50,000 points per month (equivalent to 500 USDT).
- Bonus points: Capped at 1,000 points per month (equivalent to 10 USDT).
8. Which cryptocurrencies can points be redeemed into?
- Currently, points can be redeemed into USDT, BTC, ETH, and GT . More cryptocurrencies will be supported in the future.
