Unbanked (formerly Ternio Blockcard) is offering new members can earn a $10 TERN bonus when you sign up for Blockcard with a referral link. Furthermore, you can and a friend can earn a $10 TERN bonus whenever they create a new Unbanked account using your referral link.
Find more crypto currency bonuses here. See other investments and the best crypto exchanges.
As a pre-paid debit card, you can make purchases using crypto and withdraw cash at ATMs using Blockcard, which makes it more convenient to use cryptocurrency in your everyday life. Additionally, there are crypto back rewards (up to 6% at the time of this update) on every purchase. Keep reading to learn more about Unbanked and their current bonuses.
Unbanked $10 Welcome Bonus
New members can earn a $10 bonus in TERN when you sign up using a referral link and add a minimum of $100 worth of crypto to your account.
(Click here to learn more about the promotional offer)
Unbanked Give $10, Get $10 Referral Program
You and a friend can earn a $10 bonus in TERN when you refer them to sign up for Unbanked.
They must use your special invite link to register and add a minimum of $100 of crypto to their account.
You can invite others to join and check the status of your referral rewards using your Unbanked account dashboard.
Unbanked Features
| Card Type | VISA |
| Cryptocurrencies Supported | BAT, BTC, BCH, DAI, ETH, LTC, PAX, XLM, TERN, USDT, TUSD, USDC and XRP |
| Cryptoback Rewards | 1% to 6% on spending |
| Proprietary Token | TERN |
| Issuing Bank | Metropolitan Commercial Bank |
You are able to spend your digital funds anywhere VISA is accepted once you register for an account and deposit crypto. It does not require conversion to USD, which means you are able to simply add and remove funds to your Unbanked.
Unbanked supports 13 cryptocurrencies such as Bitcoin, Litecoin and Ethereum, along with some smaller currencies like Basic Attention Token and Stellar Lumen.
Crypto Cashback
With Unbanked, members are able to earn cryptoback rewards — something that most other cyrpto debit cards don’t offer. You must stake TERN in order to earn rewards; the more you stake the better the rewards rate.
| 1% | 2% | 3% | 4% | 5% | 6% |
| 30,000 TERN staked |
57,500 TERN staked |
82,000 TERN staked |
105,000 TERN staked |
120,000 TERN staked |
145,000 TERN staked |
By spending TERN on your Unbanked, you can earn another 0.38% back. Cryptoback rewards are paid in TERN as well.
Dashboard & Mobile App
You can manage and track crypto spending on your dashboard, through their website or mobile app. Furthermore, you can instantly send payment to anyone in the world using just an email address. Additionally, you can also check your deposit funds and balance.
VISA Card
Since Unbanked is a VISA card, you can use it anywhere that accepts VISA, which is the most widely accepted card in the world, along with MasterCard.
Mobile Wallet Support
Unbanked can also be used anywhere that accepts Apple Pay, Google Pay and Samsung Pay.
Unbanked Pricing & Fees
There are four different forms with different costs for each:
| WALLET | VIRTUAL CARD* | PLASTIC CARD | METAL CARD |
| Free | Free | $10 activation fee | $50 activation fee |
| No daily spending limit |
$5,000 daily spending limit |
$5,000 daily spending limit |
$5,000 daily spending limit |
| No ATM withdrawal |
No ATM withdrawal |
$500 ATM withdrawal limit |
$500 ATM withdrawal limit |
| No fees | Fees (see below) | Fees (see below) | Fees (see below) |
You will not be charged for any deposit, exchange or withdrawal fee. Although there is a monthly subscription fee of $5, you can waive it by spending more than $750 in non-cash transactions that month. Other fees include:
| PIN Transaction Fee | $1 (domestic) | $2 (international) |
| ATM Cash Withdrawal Fee | $3 (domestic) | $3.50 (international) |
| ACH Transaction Fee | $1 |
| Wire Transaction Fee | $20 |
Unbanked Limitations
Since Blockcard is closely tied to the TERN toke, members must stake TERN to get the best cashback rates. Although the future value of TERN is unknown, in the past, the value of small cap crypto tokens like TERN can drop by 90% or more against USD. Because of this, staking TERN for rewards on a debit card is risky.
In addition to this, the staking process for TERN and Blockcard works on a 30-day basis, meaning you aren’t allowed to exit the TERN market immediately, if you decide to opt out of it. If TERN starts to crash, you must watch the value of your TERN tokens decrease until the month ends.
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Conclusion
If you are interested and have faith in the value of TERN, I recommend checking out Unbanked. You can get great cryptoback rewards rate and there are many other great features and functionalities.
