Part 1: How we’ve enhanced the Kinesis Virtual Card

With pre-registration for the Kinesis Virtual Card now open, we are proud to introduce our users to our enhanced card program, built to make choosing gold, silver and digital assets practical and rewarding for everyone. 

Earlier this year, we sent out a survey to find out the Kinesis Virtual Card features and upgrades most valued by the Kinesis community. With our new card, we have introduced many of the most requested features and benefits to create a card program that is uniquely rewarding and extremely competitive.

Over two-thirds of respondents stated they would prefer a card with a lower fee on transactions and a monthly subscription fee. So, that’s what we’ve delivered. 

New low fee

The most requested feature for the card was lower fees. Kinesis has decided to significantly reduce the fee from the previous card program to ensure that the experience of spending precious metals and crypto as money is seamless and accessible for everyone.

Our enhanced card enables Kinesis users to make purchases with gold, silver and crypto with a low 0.22% conversion fee, completely removing any additional transaction fees. The 0.22% conversion fee is the only fee Kinesis charges. 

See fees

2% cashback in gold

With our paid card plan, we have introduced a cashback feature that allows users to earn 2% in gold* on every purchase they make – up to $2000 spent per month – which works out as a significant maximum earning of $480 per year.

Unlike debit cards on the market, the Kinesis Virtual Card doesn’t restrict anyone to earnings at specific airlines, hotels, or retailers. Instead, users can enjoy the flexibility of being rewarded with physical gold regardless of where they spend and with whichever currency they choose.

If you haven’t pre-registered yet, get access to our cashback offering for 6 months free from launch – here.

Expanded availability

To make the Kinesis card program even more accessible, the card is available in twice as many regions as the previous card: the Kinesis Virtual Card is supported in over 100 countries. Make sure to check the list of eligible countries, to ensure our card is available where you live.

1% contribution for every cashback spend

Every time you spend with the cashback program, Kinesis contributes an additional 1% of the transaction value to the Kinesis Master Fee Pool – at no cost to you whatsoever. These additional contributions to the yield pool stimulate transactional velocity and benefit every user of the Kinesis Monetary System.

For example, if a user makes a purchase worth $1000, Kinesis makes a 1% contribution of $10 to the master fee pool.

Note: This 1% contribution is funded entirely by Kinesis to promote system velocity and growth. It is not drawn from users’ card transactions, does not impact users’ earnings, and is neither classified as a fee nor subject to any charges or deductions.

In this way, the purchases contribute to higher velocity across the Kinesis Monetary System, with the 1% contribution* to the master fee pool boosting the total fee accumulation and the distribution of all Kinesis yields each month. 

You can learn more about the additional 1% Kinesis contribution here.

*Kinesis contributes 1% for every cashback transaction within the Paid Plan’s $2,000 spending cap.

Rewards for choosing sound money

When users spend with precious metals, they are also rewarded with the Velocity Yield in proportion to their spending activity. 

For those who choose to spend gold and silver, Kinesis allocates a 10% proportionate share of all global transaction fees. Kinesis users can earn a share of these transaction fees paid in gold and silver each month.

At the end of the month, all gold and silver spenders are rewarded with savings in physical gold each time they make a card purchase.

It’s easy to see how the rewards of the Kinesis Virtual Card start to stack up. With users receiving 2% back in gold on transactions; the monthly Velocity Yield for transactions made in precious metals; and a 1% contribution made by Kinesis to boost the master fee pool and yields across the system.

Heightened velocity

The enhanced Kinesis card is designed to compete with leading card programs across the sound money, payment services, and digital assets space to provide value for people everywhere wishing to access a universally rewarding card program. 

The Kinesis Virtual Card will close the loop on the Kinesis Monetary System as a viable alternative to using gold and silver as money, with the low conversion fee bypassing any barriers to entry for users wishing to use gold and silver as money.

With the new low conversion fee and cashback program offering, we anticipate that the Kinesis Virtual Card program will reach audiences beyond the precious metals space. 

Stay tuned for Part 2 of this series, where we cover how cashback rewards in gold have even more earning potential when paired with our Metalback rewards program. 

If you reside in one of the 100+ eligible countries, you can pre-register for the new Kinesis Virtual Card and get access to our cashback offering for 6 months free from launch.

*Cashback is only available with our paid plan – a free plan is also available. Cashback is available up to a maximum of $2,000 spent – a maximum total earning of $480 per year. See T&Cs.

The CL Card is issued by Monavate UAB (Company Code: 305628001), authorised in Lithuania by the Bank of Lithuania to issue electronic money (e-money) and provide payment services (Licence Number 92).