Last Updated: May 3, 2022
Mogo sometimes offers certain Rewards to MogoMembers for achieving certain milestones or performing certain actions as part of their Rewards Program! Pretty slick, hey? All of these Rewards are governed by the Rewards Program section contained in the MogoAccount Terms & Conditions. Mogo reserves the right to change or terminate the below Rewards at any time without notice in its sole discretion:
Rockstar Status Milestone Reward
Reward Amount: 1,000 satoshis
Eligibility Criteria: If you achieve a “Rockstar” credit score status, meaning a Mogo free credit score of 850 or higher, on the 1st day of any particular month, then you will earn this “Rockstar Reward”. You can only receive this Reward once and this Reward will only be assessed one time on or about the 1st day of any particular month.
Bitcoin Account $100 Funding Milestone Reward
Reward Amount: $5.00 or satoshis in an amount equal to approximately $5.00 according to the Satoshi Conversion set out in the Terms.
Eligibility Criteria: If you load $100 to your MogoCrypto Account, you will receive this one-time Reward.
Most Improved Monthly Credit Score Reward
Reward Amount: 250,000 satoshis
Eligibility Criteria: Mogo will issue one Reward per month to the MogoMember with the “most improved” Mogo free credit score in such month. On or about the 1st of each month, Mogo will review all new MogoMember credit scores. To determine which MogoMember has the “most improved” credit score Mogo will take the number of points by which a MogoMember’s credit score has increased since the preceding month (the “Increase”) and will divide the Increase by that Member’s credit score from the preceding month. If more than one MogoMember meets the criteria for “most improved” then the total Reward in the adjacent column will be split between all such “most improved” MogoMembers in that month.
MogoCard Milestone Rewards
Reward Amount: 100 satoshis
Eligibility Criteria: Mogo will issue one Reward per purchase transaction made on an Eligible MogoMember’s MogoCard from April 18, 2022 onwards. Only purchase transactions are eligible for this Reward, so you won’t be issued a Reward for any ATM transaction, fee/bill payment, tax amount payment and/or pre-authorized debit. Oh, and returns, price adjustments or chargebacks don’t qualify for this Reward either, we will adjust your Rewards to account for any returns or chargebacks on any purchase transactions. Simply put: you’ll receive a Reward for each, genuine *purchase* you make with your MogoCard (and don’t forget, taps also plant trees!). Please don’t be shady, Mogo reserves the right not to give you a Reward if we think that you are engaged in any actual or suspected fraudulent or other improper behavior, including in any form of “manufactured spending”, or trying to fake purchases, on your MogoCard. We explain more about this in the Terms. If you cancel or deactivate your MogoCard, that’s super sad, and unfortunately you’ll automatically forfeit any of these Rewards earned but not issued to you before you cancelled or deactivated your card. Your Rewards will be displayed in your Mogo app Rewards dashboard. If you think you notice an error, then you need to let us know as soon as possible, but no later than thirty (30) days from the date the Reward was issued. Mogo will investigate any errors that you report. If we determine that there was an actual error, then we will correct the error. If you don’t tell Mogo about the error within thirty (30) days of the date of the Reward(s) being issued, then the Rewards are deemed correct. For more information, refer to the Terms.
Referral Milestone Rewards
Reward Amount: 1,000 satoshis + 8 trees planted
Eligibility Criteria: You will receive 1,000 satoshis and Mogo will plant 8 trees each time a person successfully passes Mogo’s security and identity verification process and becomes a MogoMember using the unique referral link available through your MogoAccount from December 1, 2021 onwards. You will not be eligible for any incentives if you are found to have violated Canada’s Anti-Spam Legislation or used any other improper method of obtaining referrals.
New MogoMember Sign-Up Milestone Reward
Reward Amount: 1,000 satoshis + 1 tree planted
Eligibility Criteria: You will receive 1,000 satoshis and Mogo will plant 1 tree when you successfully pass Mogo’s security and identity verification process and become a MogoMember on or after December 1, 2021. You will not be eligible for this incentive if you are found to be in violation of any of the MogoAccount Terms & Conditions. For more information, refer to the Terms.
Mogo cannot guarantee that the value of your bitcoin rewards will increase. Bitcoin is highly volatile and past performance is not a guarantee of future results. Some or all of the value of your rewards may decrease if the price of bitcoin decreases.