Plutus

Has anyone used Plutus?

If so, any experiences to share and advice on how to make a most of their perks/award levels etc.

Even an easy to use help guide (i.e. easier to follow than their official help pages!) would be appreciated

I have an account and a card. Never used it. Not the best response I guess :man_shrugging:

I don’t have a card or an account (nor have I heard of Plutus). So I’ve made your response look very helpful in comparison.

You’re welcome.

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So, you pay actual money to earn a crypto currency that you can’t sell?

Looking at their Reddit current issues seem to be:

  • There’s a 45 day (!) withdrawal timeframe for PLU and you have to keep the paid subscription running through that period
  • Fiat withdrawals are ‘paused’
  • People are experiencing ‘technical errors’ with their withdrawals (the naivety of some people here is hard to fathom - when companies stop paying out or put long wait times on payouts it’s not a ‘technical error’)
  • The PLU price is down substantially and continuing to fall

All in all looks like it’s already hitting the end of its road to me.

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I briefly looked at them, mainly for the card, but I was so put off by the whole proposition I didn’t want them to even have letters 2 and 4 of my postcode.

The FCA has currently halted their DEX in the UK, but it doesn’t mean you can’t sell it.

I built up around £60ish in pluton, connected MetaMask and sent it to my Coinbase wallet where I was able to cash out.

So not completely stuck.

Am I missing something with this.

They’ve given me 100pgbp which I believe is nothing.

It’s saying I buy a £100 gift card, for 72pgbp at a discounted rate.

I’m trying to understand the bit where I’m being scammed? :joy:

Has anyone else been receiving these from this broke company?

I am shocked they ain’t gone bankrupt yet.

Must have some good backing behind them! Someone with deep pockets :rofl:

I think they were due for strike off but something saved them.

They went to some bank and just begged for some money. :rofl:

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@Carlo1460 how does the perk work? Like do I get money back from a subscription, or do I get the subscription :thinking:

No I’ve got entirely the wrong idea. It’s just money as a % back from your spending at these places.

I’ve no idea.

Looking at their fillings on companies house they are in £729K in short term debt which is up from £664K

Shockingly they have no bank loans or mortgages.

But also only £8,244 cash on hand. Which is very small.

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Wow, they really are insisting on detailed personal information…

Man I used to use plutus back in the day.

It used to be so good. Then it became scam after scam to keep things afloat.

If I was a betting man, the CEO is gonna be in prison soon.

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I’ll take that action, no CEO ends up in Jail ever