7/14/2022 Update: The cashback limit during this promo has been raised from $100 to $500. However, the prizepool balance was at $50k but at the time of posting (which is less than 12 hours from when promo went live), the reward pool has already depleted to around $30k. Spend fast!
OnJuno is a fintech company that I have extensively reviewed here. In my OnJuno review I had written “the on/off ramp is only going to get better as they add more coins. Imagine if they added coins that have low transfer fee yet go through very quickly like XLM or even Stellar based USDC“. It is kinda amazing that few months later Stellar USDC is now not only on OnJuno but there is a great promotion to go along with it.
Before we talk about the promo, it is worthwhile to mention that OnJuno card provides an annual $300 cashback. They were running a limited time 10% cashback for the annual $300 cap, which they seemingly had extended until June 30th. Anyway, on June 30, they will launch a new promo, called “Stellar Madness”, which gives 10% cashback promo on ALL spend. And the great news is that this promo is still valid even if you had hit $300 cap previously. All you need to do is turn on USDC spending.
Brief Details:
- Promo duration: July 1st, 2022, 12 AM EST to July 16, 2022, 12 AM EST.
- Earning rate: 10%
- Total cap: $100 per user ($125K net payout to all users; hence the “act fast” in the title).
- These special rewards don’t count towards your yearly cashback limit.
- Spending via USDC should be turned ON
- The cryptoback rewards would be reflected in your Stellar USDC wallet 15 days after Stellar Madness ends.
- Eligible purchases do NOT include fees or interest charges, cash advances, person-to-person payments, purchase of gift cards, purchase of traveler’s check, purchases or reloading of prepaid cards, or purchases of other cash equivalents.
Full terms and conditions can be found here.
Closing Thoughts
With addition of Stellar USDC, OnJuno is now an excellent ramp on/off. You can easily send/receive money from OkCoin, which also supports Stellar USDC. Also, since you can send/receive Stellar USDC, now you can easily get in and out of Stellar DeFi now.