Thank you for the answers, although I didn't understand well enough most of them.
Also it may worth notifying you that, at least for me, quoting doesn't work and it may be because the thread has became too long. Maybe it would be a good idea to start a "continuation" thread. Maybe.
When you order the card, your credit limit is set to zero. You can upload your debit card with fiat money same as you can do with the usual banks card. As for the credit limit, it will be set according to your share in ETF (Exchange Traded Fund) When you send your MNX to the fund you automatically become its co-owner, and it guarantees reimbursement of your credit limit on your behalf by selling your coins at the very moment when you spend the money from your credit (credit limit). Minimum required balance is a minimum balance that activates the status of the card and provides you with all the conditions of the selected status. Overdraft limit is a credit limit, which is set depending on the status of the card.
Minimum required balance are blocked on the card depending on its class.
OK, let's say I don't use fiat at all. I want to spend only MNX and BTC.
I transfer 100$ worth of MNX to the card. What's next? Do I have to transform that to fiat in order to spend? Or this is the moment the MNX is somehow calculated for the overdraft?
Let's say I transfer more 100$ worth of MNX to the card. And let's say I spend the first 100$ somehow. Is the overdraft related to 100$ MNX or 200$ MNX?
Sorry, as you can see I am confused on this concept and I would like to find out 2 things:
1. How does the spending of cryptocurrency works on your card
2. If this overdraft functionality can be abused (since then I will stay away of your cards).
You will receive your card after verification process completed.
Per the note you see after paying for the card, verification process to be started in the second part of July for the first registered users. The rest will be verified in their turn accordingly.
Then the card is to be delivered by courier service and the delivery date depends on their estimated time needed for delivery to each specific country.
It's a bit odd that I pay for the card, then I send out the papers and then my card could be rejected. But maybe I understood it wrong.
From what I could calculate verification starts around 15-20 of July. A typical verification takes maximum 2 weeks. That means that in 1-10 August the first cards should start to get sent out. Sounds reasonable.