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It depends on what you’re looking for in a card. If you want to build a portfolio with cryptocurrency, then this card is great because it earns you bits of bitcoin. Also, if you want to support more sustainability initiatives, the MogoCard allows you to do just that. That said, the MogoCard is not suitable for anyone looking to build or repair their credit. Your transactions won't appear on your credit report since it's a prepaid card and not a credit product.
The MogoCard is neither a debit nor a credit card. It's a prepaid card, which functions like a debit card, except it's not linked to a bank account.
At a minimum, you must be a Canadian resident. Also, you’ll need to meet the age of majority in your province, which is 18 or 19 years of age. Besides this, Mogo doesn’t require a minimum credit score or income.
Yes. The MogoCard earns you 50 satoshi rewards (bits of bitcoin) with every use. There are also environmental rewards associated with the card. Mogo will plant one tree for every tap of your card.
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