The Essential Guide to the Visa Debit Card from Crypto.com

Get up to 5 % cashback on most spend, dislodge airport lounge entree, Amazon Prime, Netflix, Spotify — and quite a bunch more… [Article updated on 25th July 2022]

Ruby Steel, Jade Green and Frosted Rose Gold Visa Debit Cards from Crypto.com

In this article, I will tell you:

• What the Crypto.com Visa debit card is
• How to find the right card, based on your monthly spend and requirements
• How to make additional money from the card
• How to add additional features that aren’t natively supported
• How to get the card

For more information about the card, please consult to the official scout by Crypto.com.

What is the Crypto.com Visa Debit Card?

• A prepaid Visa Debit card, provided by Crypto.com (they are a leading Cryptocurrency company)
• You can load and spend fiat (e.g. AUS, CAD, EUR, GBP, SGD, USD), no need to buy and hold any cryptocurrencies
• No annual fees
• Cashback from 0.5% — 5% depending on which card you choose
• Incentives including free airport lounge access, Amazon Prime, Netflix and Spotify
• ‘Prepaid’ means you must load money onto it, as it isn’t linked to a bank account. It also means that it doesn’t appear on a credit score report

What are the Incentives?

The list of cards and their incentives are listed here, screenshot below :Card benefits and rewards The tease ( and rewards ) you get depends on how much CRO you venture. CRO is a Cryptocurrency created by Crypto.com. Staking means you give money to Crypto.com and forget about it, you can ’ deoxythymidine monophosphate get it back before the stake time period has expired. The measure of the interest can go up or down. They offer an entry tier for exempt. For the other tiers, you must interest an amount of CRO for a minimal of 6 months. After the 6 calendar month time period, you can keep your money staked and keep all the benefits, or withdraw your stake and the benefits you receive will be reduced .Staking requirements for each card (6 month minimum term)

Cashback

Cashback is based on all purchases and is given as CRO. You can :

• Keep it as CRO
• Convert it to a fiat currency (e.g. CAD, EUR, GBP, SGD, USD)
• Convert it to another cryptocurrency
• Stake it with the Crypto.com Earn, Crypto.com Exchange or Crypto.org DeFi for a good level of interest

Managing the Card

All tease based activities are managed from the Crypto.com app on Android / io. These include :

• Registering for a card
• Staking
• Upgrading and downgrading between card tiers
• Messaging customer support
• Adding money to the card
• Checking the card balance
• Viewing the card’s PIN
• Managing CRO (viewing cashback earned, converting to another currency, moving it to the Earn feature)

Which Card Should I get?

The poster you should get depends on 3 factors :

1. Your expected yearly spend (on debit/credit cards)
2. The rewards you will receive (how will they offset your current expenditure?)
3. The amount of time you would be happy to wait to ‘break even’ on your stake (because it’s locked away for the duration that you keep the card and all benefits, which could be forever). Once you get past this breakeven point, you’re into pure profit

Use this spreadsheet I ’ ve created to help decide which tease is best for you :My Crypto.com Visa Debit Card Selection Guide

My thoughts on each card tier:

Free Tier (Midnight Blue)

Main Features:

• None. It simply allows you to access funds in your Crypto.com ‘fiat’ account via a Visa card

I do not recommend this card because:

• It offers no rewards

This card is made of fictile, all the higher tiers are metallic element .Unboxing the Midnight Blue Visa Debit Card from Crypto.com

$400 Stake (Ruby Steel)

Main Features:

• 1% cashback (as CRO)
• $25 monthly reward cap
• Spotify (for first 6 months)

I do not recommend this card because:

• The $25 monthly reward cap is too low (i.e. no cashback above $2,500 spend)
• Spotify is only offered for 6 months

This card ( and all cards at higher tiers ) is made of alloy, which is dainty. notice — the back of the tease has a reduce layer of fictile, to allow NFC ( contactless ) payments. Remember to use my spreadsheet to help decide which menu is best for you .Unboxing the Ruby Steel Visa Debit Card from Crypto.com

$4,000 Stake (Jade Green / Royal Indigo)

Main Features:

• 2% cashback (as CRO)
• $50 monthly reward cap
• 4% interest on stake (as CRO)
• Spotify (for first 6 months)
• Netflix (for first 6 months)
• Airport lounge access (4 visits per year)

I do not recommend this card because:

• The time to break even on the $4,000 stake is far too long
• The $50 monthly reward cap is too low (i.e. no cashback above $2,500 spend)
• Spotify and Netflix are only offered for 6 months

Remember to use my spreadsheet to help decide which menu is best for you .Unboxing the Jade Green Visa Debit Card from Crypto.comUnboxing the Royal Indigo Visa Debit Card from Crypto.com

$40,000 Stake (Icy White / Frosted Rose Gold)

Main Features:

• 3% cashback (as CRO)
• No monthly cap on cashback
• Spotify
• Netflix
• Amazon Prime
• Airport lounge access +1 guest
• Exclusive Merchandise Welcome Pack
• A bonus interest of +2% on non-CRO deposits in the Earn feature
• Discounted rates when trading on the Exchange

You can save up to $ 50 per calendar month with Expedia ( not a significant total, but it ’ randomness worth noting ). Remember to use my spreadsheet to help decide which poster is best for you. I do not recommend this card because:

• The time to break even on the $40,000 stake is far too long

Unboxing the Frosted Rose Gold Visa Debit Card from Crypto.comUnboxing the Icy White Visa Debit Card from Crypto.comUnboxing the Exclusive Merchandise Welcome Pack from Crypto.com

$400,000 Stake (Obsidian)

Main Features:

• 5% cashback (as CRO)
• No monthly cap on cashback
• Spotify
• Netflix
• Amazon Prime
• Airport lounge access +1 guest
• Exclusive Merchandise Welcome Pack
• A bonus interest of +2% on non-CRO deposits in the Earn feature
• Discounted rates when trading on the Exchange

I do not recommend this card because:

• The time to break even on the $400,000 stake is far too long

Remember to use my spreadsheet to help decide which tease is best for you .Unboxing the Obsidian Black Visa Debit Card from Crypto.comUnboxing the Exclusive Merchandise Welcome Pack from Crypto.com

USA Cardholders get an Additional 10% Back with over 10,000 Merchants via Dosh

A significant benefit for cardholders in the USA is 10 % cashback ( as CRO ) at over 10,000 merchants. This 10 % cashback is in accession to the cashback provided by the cards. The monthly cashback limits for each poster are applicable.

How to Claim your Free Amazon Prime, Netflix and Spotify Rewards

It couldn ’ metric ton be easier, good pay for these services on your CRO wag and you ’ ll mechanically get reimbursed up to this sum for each :

• Amazon Prime = $12.99 USD equivalent
• Netflix = $13.99 USD equivalent (standard monthly subscription — HD, 2 screens)
• Spotify = $13.99 USD equivalent (monthly subscription fees)

What if I want to Upgrade or Downgrade the Card?

Upgrading Your Card

You can upgrade your card at any fourth dimension. When doing thus, you have the come options. Option 1: Upgrade and get a new card a soon as you upgrade, your stream Crypto.com card gets disabled so you can ’ thymine use it. The workaround for this is to use a Curve wag and spend on another debit/credit card. When you get the new Crypto.com tease, you can then use the Curve ‘ Go Back in Time ’ feature to move purchases from the card you used onto the newfangled Crypto.com card.

Upgrade fees (including a new card) are:

• APAC = $50 SGD
• Australia = $70 AUD
• Brazil = R$250 BRL
• Canada = Free!
• Europe = €50 EUR
• UK = £50 GBP
• USA = $50 USD

I personally have no protest to paying this as the cost is made back promptly in cashback and rewards. Option 2: Upgrade without getting a new card You can continue to use your current card. You will get all the benefits of higher tier, aside benefits that are tied to the menu i.e. :

• Airport lounge access
• ATM withdrawal limits before a fee applies
• Interbank limits before a fee applies

You can request the higher tier card at any clock time ( you will have to pay the 50 GBP/EUR/other fee if you live in an applicable nation )

Downgrading Your Card

Downgrading can mean 2 things:

• Withdrawing your stake (after the initial 6 month lock-in). In doing so, your rewards will be reduced (see the table below). You can get your rewards back by staking again
• Downgrading to a lower tier is pretty cool, because you get to keep the physical card (until it expires) and some of the rewards you have from your current tier! Contact Crypto.com support for details

once your card expires, you will lose the benefits that were linked to it i.e. :

• Airport lounge access
• ATM withdrawal limits before a fee applies
• Interbank limits before a fee applies

Non-staking benefits of the CRO Visa Debit card from Crypto.com

Benefits Tied to the Cards

As mentioned earlier, you can :

• Upgrade to a higher tier, keeping a lower tier card (to pay no upgrade fee)
• Downgrade to a lower tier, keeping a higher tier card (until the cards 4 year term expires)

There benefits are tied to the physical card

• Airport lounge access
• ATM withdrawal limits before a fee applies
• Interbank limits before a fee applies

Additional Cardholders

presently you can alone have one card per person. You can ’ triiodothyronine request extra cards for partners, etc.

Get Additional Security, Features and Rewards when Combining with a Curve Card

a good as getting extra cashback, you will besides get these extra features when you pair your Crypto.com card with a Curve wag :

• Curve Customer Protection, up to £100,000 (the Crypto.com card currently doesn’t offer any protection other than standard VISA customer protection)
• Apple Pay, Google Pay and Samsung Pay support, so you can use your Crypto.com from your phones and watches
• No need to carry your Crypto.com card, just carry your Curve card (which can also be used as a virtual card for any other of your debit or credit cards). This results in a thinner wallet and less hassle if your wallet gets lost or stolen
• The ability to activate/disable your card from the app (in the event that you lose your Curve card)
• Anti-embarrassment mode — if paying with your CRO card fails for any reason (e.g. lack of funds), the Curve Card will automatically try a defined backup card (I have set mine up to be a Barclaycard Credit card)
• The ability to ‘go back in time’ 30 days and switch payments from one card to another, up to £5,000
• Advanced spend tracking
• Only 1 PIN to remember

Watch my review of Curve:

How to Apply (and get $25 + £5)

Order a Crypto.com Card

• Sign up to Crypto.com with referral code qu80wtyk0i This can be used within 5 days from having your account KYC approved. You’ll get $25 when you stake for a card
• Download the app
• Select the card you want
• Add some money onto the Crypto.com card (required for it to be verified by Curve)

Order a Curve Card

• Sign up to Curve and get £5 credit

How to Load Money onto the Crypto.com Card

Option 1) Bank Transfer

You can transfer money from your bank into a decree wallet in your Crypto.com bill ( shown within the Crypto.com app ). Crypto.com preceptor ’ t charge for this, but some banks do charge for transferring money, if so ; Revolut is a dear choice for transferring money with zero/minimal fees. Note, deposits in the UK from Revolut are not allowed. Note: Fees of 1–3 % are applicable depending on placement, see the official template for data .

Option 2) Debit Card

This is the easiest method acting to action within the app and it ’ s blink of an eye to process, but costs 1 %. Here’s my review of Revolut: Get a Revolut circuit board for free .

Option 3) Buy a Cryptocurrency

Buy a support cryptocurrency ( such as Bitcoin ) from within the Crypto.com app, then convert it to the currency associated with your card. Note: You might need to declare all cryptocurrencies buy/sells to your government and they might be taxable. here are the politics instructions for UK residents. Note: To buy cryptocurrency with no fees, you need to deposit decree from your savings bank account, see hypertext transfer protocol : //help.crypto.com/en/collections/260596-crypto-com-app # gbp-fiat-wallet-deposits-withdrawals part ‘ Fiat Wallet — Deposits & Withdrawals ’ .

Option 4) Transfer Cryptocurrency

Transfer BTC from another substitute ( such as Coinbase ) to Crypto.com, then convert and transfer it to the currency associated with your menu.

How to View and Manage Cashback

Cashback is given as CRO. To view it in the Crypto.com app, voyage to :

• Accounts
• Wallet
• CRO

From here, you can:

• View your cashback history
• View the historic value of CRO
• Buy, sell and transfer CRO (withdraw to a fiat currency or cryptocurrency)

To convert CRO to fiat:

In the app, navigate to :

• Accounts
• Fiat wallet
• Sell Crypto
• Select the fiat wallet (e.g. AUD, CAD, Euro, GBP, USD)

Cashback Restrictions

There are some purchase types that are not applicable for cashback ( see the wax list with MCC merchant codes ). These include items including payments for currencies, indemnity, utilities and self-service fuel dispensers. You can use the VISA supplier locator to see which MCC code retailers use. note, when paying for gasoline ( aka ‘ accelerator ’ in USA ), you need to use the give counterpunch choice ( not pay at pump ) to get cashback. If you use Curve and pay for something that doesn ’ metric ton give you cashback, you can use the Curve ‘ Go Back in Time ’ feature to move the requital to a accredit tease that does give you cashback/rewards.

How I Spend Money with the CRO Debit Card

My process is :

1. Spend with my Curve card (via website, contactless, phone, etc.)
2. Payment gets taken from my CRO card
3. I receive cashback as CRO
4. For maximum reward, I invest the cashback into the Crypto.com DeFi. The current APR for DeFi is shown here. I use DeFi with my Ledger Nano X, making it very secure.

If the leverage doesn ’ thymine result in cashback ( step 3 ), I use the Curve ‘ Go Back in Time ’ feature to move the buy from my CRO tease, onto my credit circuit board to get advantage points on there ( presently a Hilton Barclaycard ).

Final Thoughts

up until 1st June 2022, the rewards offered were very commodity ( particularly to people in the UK and Europe where nothing else came close ). Since this date, I can not recommend them. The cards look nice. They are metallic, heavy, decent texture and the logo ( which represents the Ethereum Lion ) looks cool. Their presence doesn ’ thyroxine have a card number, so you can share pictures of them on social media. Having said that, my cards have always stayed at home as I use my Curve menu for extra security, features, discounts and benefits. For many people, the cards are an entry point into a very nice, easy to use ; ecosystem of fiscal services ( see my other articles for details ). In terms of rule, Crypto.com are doing everything right, ensuring that they have all the needed rule in place before they offer fiscal services to customers in each area. Where there have been issues ( e.g. with card issuing providers ), they have cursorily and professionally resolved the consequence and have come out stronger. They are taking ownership of services rather of relying on 3rd parties and have gained potent partnerships with Visa and other companies. At the time of write ( 25th May ), unless Crypto.com make a significant about-face on their position with the reduction of benefits and/or menu prices, I think when it comes to the 1st June, I ’ ll be saying “So long and thanks for all the fish”. I ’ ll write articles on which card I switch to — remember to subscribe ! Kudos for making it to the end of this article ! here ’ s an ‘ easter egg ’ for you. From the home screen, weight-lift the Lion logo, then hold the X button to get confetti :