Cardlaxy is a mobile application that claims to be a “trusted & safe platform” for users to trade gift cards from all popular brands securely without having to be exposed to scam, common with third party vendors. Additionally, they have a referral program that rewards users with 1,000 naira for just referring one user to create an account — from a distance or upon first glance at the referral tab on the app, you might think the bonus is credited upon sign up with your potential referral but it’s far from that.
In this article, we will have a thorough look at all there is to know about Cardlaxy; which automatically includes their referral program and also, the rates, including the feedback from some of their users as seen on their Play store review section. The reason why this is super important is that, Fraudsters have launched numerous gift card trading apps where they perpetrate scam on innocent users who are just looking for a seamless way to sell their cards. So without wasting more time, let’s dive right into it.
What is Cardlaxy, & How Does It Work?
Cardlaxy is a mobile application where users sell gift cards and in turn get credited with local currency i.e. naira and they claim to be secure and safe since users don’t have to message third party vendors to sell their gift cards.
There are numerous gift card trading applications and websites out there but this claims to be different and some users believe they are different given their referral program and for the fact that the app is easy-to-use.
When it comes to how it works, it’s pretty simple and straightforward. Going by what a gift card trading platform ought to be, all you have to do is register or create an account on the app and proceed to sell your gift card. Select the brand of gift card you wish to sell (Apple, steam, Amazon etc) and choose either Ecode or physical card — depending on the one you want to sell.
Then upload an image including the code i.e. If the card is a digital one and submit, then wait for approval and for them to credit your account with the naira equivalent.
That’s basically how Cardlaxy works, however there is more to it. You can also earn some money on the app by referring others. When I checked the referral tab, I felt excited and immediately proceeded to promote the application on social media, hoping to get the referral bonus, then and only then it dawned on me that there’s more to it than meets the eye.
Is Cardlaxy Referral Program Real?
Cardlaxy Referral program is more complicated and even stringent than what they portray and I feel it’s intentional.
If you click on the Invite friends option, the information on that page doesn’t mention that your referral has to do anything else for you to be credited with the bonus other than they just sign up but when you check carefully, you will see there’s more to it.
The Truth is, I have not personally confirmed the referral program but it’s much more difficult than what most people posting about it think. Here’s the real truth;
When you refer someone, you won’t be credited with the 1,000 naira bonus until the referred user, completes trades worth over 40,000 naira. Contrary to the vague information you will find on the referral program page, it will take a long time for you to qualify for the bonus from referrals.
Therefore, it’s in your best interest to disregard the posts you see on social media about the free 1,000 naira bonus and all. Most of the posters are either ignorant or they’re a member of the administrators trying to promote the application to many people in a deceitful manner.
Final Verdict
Cardlaxy app could be a scam. It may sound weird but I considered a lot of factors before coming up with this assertion. It wasn’t made out of a place of assumption, rather a constructive analysis of what the platform claims and the situation of things.
Firstly, the vague referral program information and the fact that, users have to refer people who complete trades of over 40,000 naira before they qualify for the 1,000 naira bonus, makes even the selling point, false.
Secondly, there are very negative reviews from users who have used the application to sell gift cards — with majority of them claiming that they didn’t receive payment for the cards sold. This is a common move by fraudulent gift card trading applications and for your own good, do well to go through the reviews again on your own to ascertain if the app is worth the risk with your money or not.
The reason why I believed most of the negative reviews is, the so called administrators of Cardlaxy, instead of replying the negative reviews reasonably, they kept replying all complainants with the same message — a message that seems automated and that’s a common scam tactic.
Thirdly, the minimum withdrawal is on the high side. Now this is more like a downside than a proof of scam. Upon sign up, you’re given 2,000 naira registration bonus which they claim is withdrawable yet the threshold is pegged at 10,000 naira, making it impossible for users to access the so called bonus. Yet another deceitful move by the administrators and another reason to be wary of transacting on the app.
The trading rates are incredibly poor. I intentionally tried to sell $100 worth of Digital Amazon card and guess the rate for $100? ~ 61,000 naira. Meaning they offer less than a thousand naira for a dollar. Their rate is very poor and the risk of trading with them is very high considering the negative comments on application stores.
Also Read: Cash-in App Review: Legit or Scam? (Fast Crypto-to-Naira Conversion)
Finally, most of the positive reviews of the app on Play store are paid for. They probably hired some individuals to flood their reviews with positive comments but in the midst of all that, the only genuine comments are all negative. It’s never a good sign for a platform to pay for reviews, I mean, a good market should sell itself.
Once you find out that a platform is paying or has paid for reviews, then it’s probably time to start being more careful around such application.
Conclusion
From all indications, Cardlaxy app may not be legit and their referral program isn’t what most people think it is. So if you’re going to trade gift cards using the app regardless of the discussion on here, endeavour to trade lower priced gift cards, to avoid incurring significant losses.
Thanks, share and do well to join us on telegram for more interesting reviews and updates.
About Author
Join Our WhatsApp Channel