You can continue using your card after unstaking assets once the 180 days are up, but you’ll lose any rebates received and your CRO rewards rate will drop to 2% or lower unless you restake CRO. Royal Indigo and Jade Green cards offer the same benefits — the only difference is the color of the card. Icy White and Frosted Rose Gold cards are also identical except for their appearance.

• In general, you’ll typically have to wait up to a month before your rewards are posted with other cards, so the instant rewards that come with this card are a big benefit.
• Monthly rewards on the lower tiers would be capped from $25 to $50, while there would be no rewards cap on the higher tiers, the company said.
• These offer bonus rewards, either in cash back or points, that new cardholders can earn.
• For users based in the US, EU, APAC, or Canada, the card should be delivered within 7-14 working days.
• While there’s a free option, you won’t receive as much cash back or get rebates on certain products.

But what if you could earn 1%, 2%, or even 5% back in crypto with your card purchases instead? If you want to narrow down the options in this category, here are the five best crypto credit and debit cards. Sure, crypto debit card rewards are available but they are quite different from what you’d expect from conventional prepaid debit cards. Most crypto debit cards promise to offer a cash-back percentage for every purchase you make.

Crypto.com Visa Card Review: Is it really worth it?

Overall, the Crypto.com Visa Card is an interesting prepaid and debit crypto card that earns huge rewards – if you meet the steep requirements. The Obsidian tier with the card is among the most impressive earning rates and luxurious benefit profiles of premium credit cards with annual fees in the hundreds of dollars. That tier, however, requires an enormous CRO stake of $400,000 – well outside the means of most crypto investors. Crypto debit cards differ from conventional cards in the way you spend your digital assets.

If the card offers other goodies, consider them extras rather than the primary selling point. However, there are some factors to be aware of before you start using a crypto debit card. If the value of the crypto you purchased or earned is higher when you spend it than when you bought it, the IRS will want their cut.

Best for Spending Rewards: Crypto.com VISA Card

To avoid the risk of a taxable event, you can fund your account with USD or a stablecoin alternative such as USDC or USDT. Check with your debit card provider to see which funding options they offer. The APRs on the Nexo Card are a lot lower than many of the competitor cards, too. Plus, cardholders have more control of what they pay in interest, thanks to tools that allow them to switch to 0% APR purchases in their card accounts.

But if you can qualify for a flat-rate credit card like the Wells Fargo Active Cash® Card, you won’t have to spend large sums before you earn 2 percent cash rewards on purchases. The Crypto.com Rewards Visa Card is a prepaid debit card, so you don’t have to worry about most common credit card fees. That means you won’t pay interest on your purchases or an annual fee. Before the latest changes, cardholders had to lock $400,000 worth of CRO tokens on the Crypto.com platform to get the highest cashback rate of 8% or obtain to the so-called Obsidian card. However, Crypto.com is phasing out the staking rewards entirely with the new changes, leaving out only the significantly reduced non-staking benefits.

How Does the Crypto.com Card Compare?

Crypto.com’s move to significantly cut the cashback rates on its card product has sent the project’s native token, CRO, plummeting by 17% on the day. Midnight Blue is the base tier of the Crypto.com Rewards program and requires the smallest CRO stake. The base tier requires a minimum of $0 in CRO and earns 1% cash back on eligible purchases in CRO rewards. Browse these credit card deals and thousands of other offers by becoming a Bestcards Member. BestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.

We attempted to contact a support specialist via the app’s chat feature and a reply took about four hours. This may be beneficial come tax time as you may have fewer transactions to keep track of during your reporting. Instead of each purchasing transaction counting as individual transactions, the IRS will view your top-ups as one bulk transaction. Generally, rewards paid to you are treated as a “discount” rather than as income.

Quick Look at the Best Crypto Debit Cards:

You can fund it by bank account transfers, PayPal, credit /debit card, or your Crypto.com portfolio. Crypto.com’s prepaid cards are a popular product within crypto circles, allowing users to load up supported cryptocurrencies or stablecoins and spend fiat at Visa merchants. Depending on the card you choose, you’re limited to a certain amount of free ATM withdrawals per month.

For example, if you have the Ruby Steel card which earns 2% CRO Rewards and you make a $1,000 purchase, you will receive $20-value CRO rewards back based on the purchase price on date of issue. ​​ allows cardmembers to earn cash back in the form of CRO Rewards. CRO rewards are Crypto.com’s cryptocurrency token, which can be traded on crypto.com’s 5 factors to consider before choosing a cryptocurrency exchange platform into other digital coins or even into fiat currency. The easiest way to access Crypto.com’s services is by downloading its mobile app. It lets you buy and sell cryptocurrencies, exchange fiat currencies, manage your Crypto.com Visa Card, access Crypto Earn and Crypto Credit, make purchases with crypto, and much more.

Most cards have 2-factor authentication, 256-bit encryption and round-the-clock fraud monitoring. Temporarily freeze or unfreeze your debit card if you detect an unrecognized transaction. While cash back rewards for traditional debit card spending are typically relatively low (1–2%), crypto debit cards can offer significantly higher cash-back amounts, depending on the provider.

Staking is a way to help secure transactions on the blockchain and is generally considered to be safe, so while there is a staking requirement with these cards, it’s not a terribly risky requirement. However, there are some considerations to weigh before making a commitment. Ruby Steel (purchase/stake of at least 5,000 CRO Tokens – to be held for no antier solutions geared to launch world’s first defi wallet less than 6 months – required); 100% rebate on Spotify. BitPay charges for the issuance of their card, have higher fees and fewer features than Crypto.com cards. That is why Crypto.com Visa card is our choice between this too. Cardholders of the Obsidian, Frosted Rose Gold, Icy White, Royal Jade, and Indigo cards are allowed to use this privilege.

You may want to consider factors like the rewards rate the cards are offering, any sign-up bonuses or rewards tiers, and whether you’re willing to pay for an annual fee or interest on your purchases. Crypto debit cards or prepaid cards work much like a debit card from your bank or a standard prepaid card. With a crypto debit card, you are using the cash or crypto in your account — just like you would be using the cash in your bank account when using a regular debit card online. The big difference is that you’re earning crypto while spending.

Crypto.com Visa Card Reviews

The Nexo debit card secures your digital assets with military-grade 256-bit encryption that also incorporates 24/7 fraud monitoring mechanisms to ensure the safety of your funds and transactions. You can order and manage your Nexo card at the comfort of the Nexo Wallet app, which gives you worldwide access to your credit line. We like the Crypto.com and the Nexo cards, but you can see even more choices below. There are no monthly fees, annual fees, or delivery fees for any of these Crypto.com cards. However, there is a fee if you make ATM withdrawals of more than the free limit each tier offers per month. Crypto.com is primarily a cryptocurrency exchange that offers crypto Visa cards on top of its other services.

• With the Gemini crypto credit card offering up to 3% back, the rewards for making everyday purchases can add up quickly.
• The card, depending on the tier, is full of benefits and value, although sometimes at a very high staking requirement.
• II Send the required amount of CRO tokens to your App Crypto wallet and stake them for a 6-month lock-up period.
• Please appreciate that there may be other options available to you than the products, providers or services covered by our service.

Advertiser Disclosure – BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site .

By following these tips, you can make the most out of your Crypto.com Visa Card and earn additional money. Another thing to keep in mind is that you cannot link your Crypto.com card to Apple Pay, so if you’re someone who uses Apple Pay frequently, you’ll have to carry the physical card around. It’s a bit weird since your Crypto.com App will show which tier you’re currently despite the physical card, but that’s how it works for now and there should be good reasons for them doing so.

The move has sparked outrage within the community, sending the CRO token plummeting 17% on the day. Crypto.com has been criticized for making these changes at 28b$ the valuation of coinbase’s ipo is estimated without informing cardholders directly, with many finding out from social media. For more discussion of these changes I’d recommend this reddit thread.