After the neo-banks, it is the turn of the cryptocurrency exchange platforms to invade the credit card market. Among the wide range of offers existing today, crypto cards from Crypto.com particularly stand out to date. Complete comparison of the different Crypto.com bank cards.
Which Crypto.com crypto card to choose?
The different Crypto.com card offers
The Crypto.com platform offers a varied offer of 5 different Visa cards. These are completely free, but their access is conditioned by the number of CRO you hold (the token of the platform) and the fact that you agree to lock them for a period of 6 months.
The 5 bank cards offered by Crypto.com are as follows (ranked from the most difficult to obtain to the easiest):
Obsidian Black; Frosted Rose Gold and Icy White; Royal Indigo and Jade Green; Ruby Steel; Midnight Blue.
The greater the amount of CRO token locked, the greater the privileges granted. Here is the description of the advantages conferred on you by holding a Crypto.com crypto-card depending on the offer to which you subscribe:
Obsidian BlackFrosted Gold and Icy WhiteRoyal Indigo and Jade GreenRuby SteelMidnight BlueCRO amount locked€350,000€35,000€3,500€350€0Cashback with every purchase5%3%2%1%/Cashback Rewards Cap//$50$25/Advantages (free subscriptions or reduction)Spotify, Netflix, Amazon Prime, Expedia, Airbnb.Spotify, Netflix, Amazon Prime, Expedia.Spotify, Netflix (first 6 months)Spotify (first 6 months)/Monthly withdrawal limit1000 €800 €800 €400 €200 €Monthly payment cap/€15,000€10,000€4,000€2,000
The most complete crypto card offer
$25 credited to your account with the code CRYPTOAST
What is the best crypto card for you?
The Obsidian Black option is Crypto.com’s most prestigious and accordingly offers the best benefits. In particular, it gives access to a full refund of subscriptions to Netflix, Spotify and Amazon Prime. It also allows you to benefit from a 10% reduction on the Expedia and Airbnb sites. Plus, access to airport lounges, the Crypto.com Private club and discounts for their partner private jet services.
However, the most sought-after benefit by Crypto.com cardholders is cashback. Indeed, the platform offers a 5% refund on all purchases made with the Obsidian Black card. That said, access to these services requires blocking the equivalent of 350,000 euros in CRO tokens, a condition that is clearly not accessible.
So what is the best option that could suit (almost) all budgets?
Generally speaking, the best accessibility to benefits ratio is found with the Ruby Steel crypto card. It only requires an initial investment of 350 euros in CRO. These funds will be locked for 6 months, but can be fully recovered at the end of this period.
The Ruby Steel card provides access to 1% cashback on all your purchases, up to the equivalent of $25 per month. In addition, the Spotify subscription is refunded over the entire CRO lock-in period, i.e. 6 months.
For the more affluent wallets, Royal Indigo and Jade Green cards can also be interesting options. Provided you lock in the equivalent of 3,500 euros of CRO, these crypto cards offer 2% cashback on your purchases, with a limit of 50 dollars per month. As for Netflix and Spotify subscriptions, they are reimbursed for the first 6 months.
Visual of the Crypto.com metal card
In order to order a Crypto.com card, all you have to do is download the mobile application, create an account by clicking on the button below and deposit the amount in CRO corresponding to your request.
With the link below, you can also enjoy a bonus of 25 dollars with the code CRYPTOAST:
The most complete crypto card offer
$25 credited to your account with the code CRYPTOAST
The strengths of Crypto.com cards
A Visa card that can be used everywhere and simply
Crypto.com cards are Visa cards. Therefore, they can be used anywhere in the world. While we often wonder about withdrawal or payment fees when traveling abroad, the Crypto.com card avoids worrying about them since they are the same everywhere.
Although Crypto.com is a cryptocurrency exchange platform, you are not required to have any to use the bank card. Moreover, the portfolio dedicated to it only accepts fiduciary currencies. In addition, you can even deposit euros directly from your bank account.
Of course, it is also possible to convert your cryptocurrencies into fiduciary money and transfer them manually to your bank card wallet, directly on the mobile application. Be careful however, in this situation, you should not forget to mention it in your tax return.
Relatively low fees
In addition to having to lock CRO tokens for a certain period of time to access the Crypto.com card, it remains free. There are no fees associated with opening or managing your account, receiving the physical card or even during SEPA transfers. Finally, the exchange costs are almost insignificant.
In the context of a classic use of this bank card, the costs are therefore relatively low or even non-existent. That said, it should be noted that withdrawals from ATMs can be expensive to some extent. Above 200 euros and 400 euros respectively for Midnight Blue (level 1) and Ruby Steel (level 2), the platform charges a 2% fee per withdrawal.
Cashback still interesting for CB Crypto.com
Concretely, the cashback allows you to recover some money on the payments you make with your Crypto.com card. This is directly credited to your account in CRO tokens. Depending on your investor profile, you will have the choice between selling them automatically or staking them to generate returns over time.
Depending on the offer you subscribe to, you can receive up to 5% cashback. That said, very few users can obtain the Obsidian card due to its inaccessibility. However, the Ruby Steel card, the most common, allows you to recover 1% of the value of all your purchases. In other words, this corresponds to 100 euros per year for a monthly expense of around 800 euros.
👉 Find our guide to find out how to unlock the $25 bonus on Crypto.com?
The most complete crypto card offer
$25 credited to your account with the code CRYPTOAST
Our opinion on the Crypto.com card
Crypto.com cards are complete, versatile and advantageous. For globetrotters, they allow you to no longer worry about questions of exchange fees, withdrawals or payments abroad. In addition, they exist in a dematerialized version and are notably supported by Apple Pay and Google Pay.
But above all else, it is the cashback option that looks the most attractive with a Crypto.com card. For typical use of a Ruby Steel type bank card, over a full year, it is possible to save up to 300 euros thanks to this feature.
It should be noted that recent communication from Crypto.com has been somewhat chaotic. Indeed, last May, the company announced a complete overhaul of its cashback system, lowering the percentages and adding monthly limits. An initiative that was very badly received, in particular by the fact that this feature was the reason why many customers had subscribed to the offer of Crypto.com.
However, it is still possible to benefit from important advantages, in particular the 25 dollars offered when referring a friend or the reimbursement of the first 6 months of a Spotify subscription. For all these reasons, the Crypto.com card undoubtedly deserves its place in the ranking of the best crypto bank cards.
Our opinion on Crypto.com cards in 2022 :
4/5
FAQ: some important questions about the Crypto.com Card
How to register on Crypto.com?
Registration on Crypto.com is very basic. Just download the mobile app on your smartphone. Then, all you have to do is enter your email address, define a secure password, validate your first connection to your mailbox, verify your telephone number and validate your identity. Finally, all you have to do is define a PIN rating to access the application.
How to get the Crypto.com card?
How do I activate my Crypto.com card?
When you receive your card, you will need to go to your mobile application to confirm that it has arrived at your home. Thus, it will be activated and you will be able to obtain your PIN code.
How do I pay with my Crypto.com card?
Where can I pay with my Crypto.com card?
Since the Crypto.com card is a Visa card, it is compatible with all businesses accepting this payment network, i.e. 26 million partner stores worldwide.
The most complete crypto card offer
$25 credited to your account with the code CRYPTOAST
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Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Freelance writer located between Paris and Toulouse. I want to share my passion for the world of cryptocurrencies to as many people as possible. I am also interested in technical analysis and trading.
Lilian Aliaga
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