5% Back as USDC on First Purchase with Stables Mastercard at Amazon AU (Max $10 USDC Cashback) @ Stables (App Required)

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Employeethomoliam on 09/10/2023 - 16:05 stables.money (179 clicks)
Last edited 09/10/2023 - 17:18 by 1 other user

PRIMEDAY23

Stables is celebrating Prime Day in style with 5% cashback!

Receive 5% cashback in USDC - up to a maximum of $10USDC (~A$15.74) on your first purchase at Amazon AU with your Stables Mastercard.
Simply use your Stables card at checkout and you’re good to go!

How to redeem the offer:
1 - Download the app

• iOS: https://apps.apple.com/au/app/stables-stablecoin-wallet/id64…
• Android: https://play.google.com/store/apps/details?id=money.stables&…

2 - Signup and enter code PRIMEDAY23 when prompted
3 - Verify your account - it takes 3 minutes
4 - Activate your card in one click
5 - Top up your account via PayID, bank transfer or USDC/USDT stablecoins
6 - Make a purchase at Amazon AU
7 - Enjoy your 5% cashback!

How can I top up my Stables account?
You can top-up your Stables balance with AUD via PayID, bank transfer or USDC/USDT stablecoins across 7 EVM chains. Stables allows users to spend USDC instantly in over 130 currencies around the world, tapping in-store with Apple Pay and Google Pay or online with your digital card.

Having issues?
You can talk to us anytime through the in-app live chat 24/7. We’re here to help 🙂

T&Cs apply, valid on the first card payment made before 11:59 pm, AEST October 11 2023. USDC cashback reward will be paid to your Stables wallet within 5-7 business days.

Related Stores

Stables - USDC & USDT Stablecoin Wallet

• 

  lovebargain87 on 09/10/2023 - 16:13

  -5

  Another crypto scam!

  • 

    adamshere on 09/10/2023 - 16:28

    Mind explaining how it's a scam? Dosent work?

    • • 

        wangasm on 09/10/2023 - 17:30

        Yes that makes this deal more like 3.5% cashback. Which would have been ok without all the limits.
        From the website it seems like they are planning to introduce cashback rewards for everything in the future, similar to the previously better CryptoSpend deal. But they need to remove the spread by then to make it worth it.

      • 

        furythree on 09/10/2023 - 18:22

        https://www.coinjar.com/au/fees

        coinjar is cheaper @ 1%

        not sure if that means 1% ontop of the mastercard fx conversion rate or not

        but theres always going to be a fee, even if you offramp it from stable to AUD manually

        this adds a level of convenience

        this once off deal is criminal considering coinjar gives reward points for every single dollar spent

    • 

      furythree on 09/10/2023 - 18:17

      Narrator: he cant

  • 

    callum9999 on 09/10/2023 - 16:44

    +1

    I don't see how it's a scam? As with most "trendy" new Crypto products, I also don't see why anyone would ever want to use this (this one-off cashback offer aside), but that doesn't make it a scam.

    • 

      furythree on 09/10/2023 - 18:18

      its an offramp for people with crypto so they have a way to spend it via traditional means whilst getting reward points like ur big 4 bank cards

      coinjar is another one. offers reward points to offset fees, trading, or convert into ETH/BTC

      • 

        callum9999 on 09/10/2023 - 19:54

        +1

        What reward points?

        If you want to spend your crypto in normal life, I don't see the point in holding crypto at all? They're unstable currencies so the only (current) reason to invest in them is speculation - so using it for everyday spending seems counterproductive.

        Converting your money into stable coins and then spending those by using a card to convert them back to AUD seems incredibly pointless. Am I missing something here?

        • 

          furythree on 09/10/2023 - 22:26

          @callum9999: coinjar offers reward points you can in their own store to claim stuff

          https://rewards-store.coinjar.com/

          its just a bonus for using their platform and master card. obviously dont go out of your way to use it. its just a freebie if u happen to use it

          some other places offer 1-2% cashback as well

          If you want to spend your crypto in normal life, I don't see the point in holding crypto at all? They're unstable currencies so the only (current) reason to invest in them is speculation - so using it for everyday spending seems counterproductive.

          saves headache offramping and onramping later when you want to buy back for the next bull cycle. Not everyone wants to cash out everything at once or know how much to do so
          this avoids having to think

          also avoids revealing to a KYC platform how much funds you have if you do it only when necessary

          Converting your money into stable coins and then spending those by using a card to convert them back to AUD seems incredibly pointless. Am I missing something here?

          its mostly for people who were going to hold anyway, this is just convenient. i.e. you happen to be holding stables or even ETH/BTC but werent in a rush to convert back as most arent. You are right that for the everyday person, this makes zero sense to add extra conversion steps for no reason. But if you were wanting to slowly cash out without gambling on a specific price (remember you can use these cards during bull markets not just bear markets) this is an unemotional way to do it

          Also you convert to AUD at the time of your transaction as an indirect DCA out instead of speculating AUDUSD

          and lastly you need to know that the market completely misses the Decentralised finance aspect of crypto, which is one of its most useful use cases that hardly gets enough attention. You can get fully insured interest rates of 6-12+% APY staking just stable coin. So people would rather just keep their money in crypto whether stables or not and passively earn higher than anything our banks would offer as passive income

          so those people dont want to cash everything out in lump sums. when they could have the idle money earn passive income and only cash out whats necessary via a card

          • 

            callum9999 on 09/10/2023 - 23:00

            @furythree: Yeah, I meant rewards for using this product - I don't think there are any?

            DCA is a very good point I didn't consider. Likewise with "principal" - there may not be a benefit now, but if you believe in this finance system then it makes sense to use it to try and encourage its growth.

            I knew staking was a thing, but had no idea that there were fully insured interest rates of 6-12% available? I always thought it was very risky. That sounds intriguing, I'll have to look into it more. Thanks!

            • 

              furythree on 09/10/2023 - 23:40

              @callum9999: yeah this stables mastercard i wouldnt bother with

              yeah nexus mutual, insurace and a few others offers insurance on specific platforms they support. so if that staking platform gets hacked or rugged youre covered for something cheap like 0.001% per day (while earning 100x more than that cost)
              i dont see much of a downside

              people on ozbargain scrambling at stgeorge 5%PA incentive saver deals, meanwhile those staking USDT benefiting from AUD/USDT tanking exchange rate whilst earning 2-4x the interest rate

              • 

                callum9999 on 10/10/2023 - 00:14

                @furythree: Thanks, I'll look into that a bit more - though a quick browse of the Nexus Mutual website doesn't fill me with confidence that it would insure all losses, as opposed to just fraud etc?

                • 

                  furythree on 10/10/2023 - 01:56

                  @callum9999: yeah different policies, different coverage. not one size fits all

                  thats why theres more than 1 provider

                  also you get what you pay for

                  btw insurance is an optional product. many dont bother with insurance if they have enough faith in the platform for various reasons (such as having their own insurance fund)

• 

  Gdsamp on 09/10/2023 - 16:42

  hwhy not just buy the actual currency to hwhich the 'stable'coin is pegged

  • 

    furythree on 09/10/2023 - 23:41

    because us dollars dont work with smart contracts

• 

  sinnerman on 09/10/2023 - 16:54

  -4

  'Max $10USDC Cashback' yeah nah

• 

  MeowMeowNiBBa on 09/10/2023 - 17:24

  -2

  Nope rugpull

• 

  Raj09 on 09/10/2023 - 23:58

  -1

  I'd rather have diarrhoea than get into this. At least you know what you're into with diarrhoea. Terra Luna fiasco etc.