Crypto.com visa card – Crypto com visa card review | crypto.com
The Crypto.com Rewards Visa may make sense if you’re a cryptocurrency enthusiast seeking a quick and secure way to access and use your crypto assets, but it’s not a fantastic solution for customers looking to optimize their rewards with meaningful incentives.
To avoid market swings, the chosen crypto coin is translated to USD depending on the current market value and then added to the Crypto.com Rewards Visa. It can then be used in the same way as any other payment card.
Because the Crypto.com Rewards Visa card is based on the Visa processing network, it is accepted by any businesses that accept Visa as a form of payment, which means it may be used at millions of places across the world.
How does Crypto.com Visa Card work
- Airport lounge access—Loungekey gives you unlimited access to over 1,000 lounges at over 400 airports (only Jade/Indigo and above cards are eligible).
- At stores, you can get up to 8% cashback.
- Depending on the tier of card you have, you can get a 100 percent refund on specific subscription services like Amazon Prime, Netflix, and Spotify each month.
- For top-tier Obsidian cardholders, get 10% back in monthly Airbnb reimbursement credit, up to $100.
- Fee-free ATM withdrawals up to a monthly limit are likewise tiered.
Is it a credit card or a debit card that Crypto.com Visa Card offers?
A prepaid card, the Crypto.com Visa Card Prepaid cards are similar to debit cards in terms of function. Prepaid cards, on the other hand, must be topped up because debit cards are tied to your bank account. You can use bank account transfers, other credit/debit cards, or cryptocurrency to top up your account with them.
Coinbase Card vs. Crypto.com Rewards Visa*
Coinbase, one of the most prominent cryptocurrency trading sites, has a waitlist for its own prepaid crypto debit card. For US-based traders, the card has no annual charge, but it does require a Coinbase account and wallet to use. On purchases, users can select between earning 4% XLM or 1% BTC in rewards.
The card’s maximum daily spending limit of $2,500 is a significant disadvantage. The card also comes with some hefty fees––each purchase made using the Coinbase Card will incur a 2.49 percent transaction fee. There is no such fee for purchases made in USD.
When it comes to earning rewards, the Coinbase Card outperforms the Crypto.com Rewards Visa. The Coinbase card also has the benefit of having no staking requirements. Unless you’re a major spender who needs access to more than $2,500 per day, the Coinbase Card is definitely the best alternative.
American Express BlueBird* vs. Crypto.com Rewards Visa
Although the American Express Bluebird card is identical to the Serve card and is issued by the same bank, there are a few subtle changes. For starters, regardless of how much money you deposit into your account each month, Bluebird charges no fees. When withdrawing funds from MoneyPass ATMs, you can do it for free. There are no benefits to using the card. Unlike the Crypto.com Rewards Visa, Bluebird also allows you to make cheques.
The Bluebird card can be a wonderful alternative for those who want to spend their traditional cash funds in electronic form, especially when contrasted to the Crypto.com Rewards Visa, which does not allow you to load cash or create checks.
Crypto.com Rewards Visa vs. American Express serve
The Serve by American Express prepaid debit card is similar to the Crypto.com Rewards Visa in that it is a prepaid debit card, but that’s about where the similarities end. The Serve card is free to apply for online or to purchase at Walmart shops for a nominal cost, but it does not earn any points. Serve’s highlights include free direct deposit, no monthly fees for direct deposits over $500, and no cash withdrawal costs from over 30,000 MoneyPass ATMs.
Serve, unlike the Crypto.com Rewards Visa, may be filled with cash at a variety of locations. The Serve card is a far better option for people looking for an alternative to traditional banking but still wish to use fiat money.
The Crytpo.com Rewards Visa could be a terrific alternative for high-flying cryptocurrency aficionados seeking a means to conveniently access their digital assets for spending. The card offers a variety of bonuses and values depending on the tier, albeit it does come with a high staking requirement. Due to the opportunity costs of keeping your crypto money locked up in the program, this may or may not make the card worthwhile to you.
At the lower tiers, the card only makes sense for the average crypto hobbyist if you already subscribe to digital services and your fee rebates are sufficient to justify placing what is effectively a security deposit.
How can I add money to my card?
In the Crypto.com App, you can top up your card using your Fiat Wallet, Crypto Wallet, or credit/debit card. Select your preferred method under the ‘Card’ option, then touch ‘Top Up.’
What steps do I need to take to get a Crypto.com Visa Card?
To be eligible for a Crypto.com Visa Card, you must stake CRO tokens for 180 days.
To do so, create a Crypto.com App account and go through the KYC process. After that, buy CRO tokens and deposit them in your App’s Crypto Wallet. There is no action necessary if you purchase CRO directly from the App. The amount of CRO you’ll receive is determined by the card tier for which you’re applying.
Finally, on the App, go to the ‘Card’ page, choose your preferred Crypto.com Visa Card, hit the ‘Stake CRO’ button, and follow the on-screen instructions. All you have to do now is wait for them to send you an email when your card has been dispatched!
Is there anything more I should know about the fees?
The ‘Costs & Limits’ area of the Crypto.com App under ‘Settings’ contains information concerning fees and limits (such as free ATM withdrawals, interbank exchange rates, top-ups, and so on). Fees differ depending on the tier of your card, so make sure you’re looking at the right one.
When will my Crypto.com Visa Card arrive?
- It indicates that cardholders in Singapore can expect their card to arrive within the following 3-7 business days.
- It indicates that cardholders in APAC can expect their card to arrive within the next 7-14 business days.
- It indicates that cardholders in the United States can expect their card to arrive in 7-14 business days.
- For cardholders in the United Kingdom and the European Union, this implies that your card will arrive within 7-14 business days.
- It means that customers in Canada can expect their cards to arrive in 7-14 business days.
It’s ideal to download the Crypto.com Visa Card app, complete the onboarding process, choose the Crypto.com card, and opt to receive push alerts when the card is ready to ship.
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