GoSats Prepaid Card FAQ

Thank you for your interest in the GoSats Bitcoin Card, the first of it’s kind in India.

We’ve been receiving a lot of queries from all of our users on the card. Here’s a compilation of the most frequently-asked questions.

1. What is the GoSats card and how does it work?
A: The GoSats Card is a prepaid card that enables you to earn Bitcoin rewards seamlessly on your transactions – whether that be for your shopping or your monthly payments. To put it very simply, spend INR and earn Bitcoin on your transactions.

Since it is a prepaid card, it will need to be topped up via the app before it can be used. The card can be used both for online as well as offline transactions across any PoS device in India.
Please note that Bitcoin rewards can be earned only on spends above Rs200.

2. How can the card be topped up? What is the maximum amount I can top up on the card?
A: The card can be topped up easily through the GoSats app. Currently, we only support top-up via UPI.
As per the prepaid card rule in India, the limit is up to 2 lakh per month.

3. What are the fees and benefits of the card?
A: We currently have 2 types of Bitcoin Cards: Intro and Elite.
The Elite Card comes with an annual fee of Rs.999, 1.5% cashback on all spends as well as a deposit bonus of Rs.250.

The Intro Card comes with a one-time fee of Rs.499, 0.5% cashback on all spends and a deposit bonus of Rs.100.

Here’s a list of some other features:

4. I have completed booking. When will I get my card? 
A: The cards are processed in batches in accordance with the waitlist. Once the payment has been made, users first receive the virtual card that can be accessed on the GoSats app.

Once the virtual cards are sent, the user will then receive their physical cards. The sooner you complete the payment for the card, the more likelier you are to receive the card in an earlier batch.
To move up the waitlist and receive your card faster, kindly refer GoSats to your friends and family.

5. What are fixed and variable rewards?
A: Users will get the option to choose whether they want fixed or variable rewards after every transaction.

If you choose the fixed rate, you will receive a fixed Bitcoin reward of 0.5% on every spend for the Intro Card and 1.5% for the Elite Card.

If you’re feeling lucky and would like to try to get higher rewards, you can choose variable rewards. If you choose variable rewards, then you will get a chance to spin the Card Bitcoin Wheel. 
The amount of sats will be rewarded according to the tile on which the wheel stops. Apart from the reward of 1 BTC, the Bitcoin Wheel will contain maximum rewards of upto 25% for Intro Card holders and upto 100% for Elite Card holders.

However, you cannot club fixed and variable rewards. You have to choose either of these options on each transaction.

6. What is the deposit bonus?
A: When users top up the card for the first time, they will receive a bonus of Rs.100 for the Intro Card and Rs.250 for the Elite Card. 

7: Can we make international transactions with the GoSats card?
A: Unfortunately, no. The GoSats Bitcoin Rewards cards can only be used in India.

We hope this answers most of your queries surrounding the card. If you still have any doubts, feel free to get in touch with our in-app support.

Book your card now!

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like