Card Review: Up to 8% cashback with your crypto card crypto card review

Welcome readers! Today let’s talk about the cool card! I want to tell you about this card because it is tightly linked to the crypto lending platform (feel free to check out the link for other crypto lending platforms).

In this article, we will go through information such as:

  • Infos on the card?
  • What are the benefits and the downsides of the card
  • How to get a signup bonus

What is the card? cards

The Visa Card is a prepaid card made of metal (except for the cheaper one that is in plastic). Broadly speaking, prepaid cards are the same as debit cards. The difference is that debit cards are linked to your bank account, but prepaid cards need to be topped up. In our case, you can top up using bank account transfers, other credit/debit cards, or cryptocurrency.

The crypto card allows making the bridge between your cryptocurrency and the real world. You’ll be able for example to topup your card with your bitcoins, and then spend the money in whatever shop you want and even online.

Your card has the currency based on your location, for e.g.:

  • if you are registered address is US: your card will be in USD $
  • if you are registered in Europe: your card will be in EUR, Pounds

How can you topup the card?

The card can be topped up with 3 different solutions:

  • via you crypto wallet: using your cryptocurrencies (e.g. BTC)
  • via your fiat wallet: using your cash in the account (e.g. USD, EUR, POUNDS)
  • via your credit card: the platform doesn’t charge any fees when you topup with a credit card

Who is the company behind?

The company behind was founded in 2016, originally with the name Monaco Technology.

The company has currently 900+ employees and servers 10M+ users over 90+ countries.

The company is currently based in Hong Kong and has raised investments for their development of a total of $26.7M (according to Crunchbase). company

How do the card and rewards work?

You will earn two main categories of benefits via this card:

  • cashback on all payments
  • extra perks every month

Card cashback

The first super interesting benefit is the cashback. For every cent you spend via this crypto card, you will earn a cashback.

As you can see from the picture below, the cheaper card starts with a cashback of 1% going up to a crazy 8% for the most expensive card. In the upcoming sections we will discuss the fees related to each card (which are not real concrete fees to pay, but more of an agreement to hold CRO tokens). card cashback

Figure: card cashback

Now what you need to know is that the cashback is paid in their own token, the CRO token. Later in this article, we will discuss the CRO token.

crypto logo

Crypto Card (up to 8% cashback)

flag united-statesOK for US citizens

Register | $25 BONUS

For Bonus: Order the Ruby card (red one) or above

Card extra perks

The card offers a lot of extra cool benefits in addition to the cashback, the figure below lists the ones available per card.

Here is the explanation list of the benefits:

  • Spotify: you receive a 100% cashback if you pay your Spotify monthly fee with the card
  • Netflix: you receive a 100% cashback if you pay your Netflix monthly fee with the card
  • Amazon prime: you receive a 100% cashback if you pay your Amazon prime monthly fee with the card
  • Expedia: you receive a 10% cashback (instead of your standard one) if you purchase on Expedia using the card
  • AirBnB: you receive a 10% cashback (instead of your standard one) if you purchase on AirBnB using the card
  • Airport Lounge: you get access to 4,400+ airport lounges in the world for you (and +1 guest for the last 2 cards) card extra benefits

Figure: Card extra benefits

What are the card fees?

Monthly fees

The card has no monthly fees, no delivery fees, no one-time purchase fees. In it completely free…. until one exception.

Since you are not paying for the card, you will be paying in what they call a CRO Stake.

Basically, you will need to lock a certain amount of money (the “Stake”) in the form of their cryptocurrency “CRO” during a period of 6 months to benefit from the free card and perks. At the end of the 6 months, you will decide if you want to continue keeping the CROs staked and continue earning benefits or if you would like to unlock them. In this case, your perk will be reduced to something similar to the Midnight Blue card.

Another interesting point is that you can upgrade your card at any time but increasing the CRO stake. In this case, the 6-month timer will restart from scratch. card stakes

Figure: CRO stake per card

ATM and currency conversion fees

If you want to empty your credit card, the only 2 ways to do it are either to spend the money or withdraw it at an ATM machine.

The cards display each a different free withdrawal amount per month (after that you will pay 2% fees). card exchange atm fees

Concerning the Currency Exchange fees, every month you have an amount (for e.g. $4,000/months for the Ruby card) where you won’t be charged exchange fees. Above that amount, you will be charged 0.5%.

Practical questions

Who can have this card?

The card is available for +18 yo people in most countries including the United States, United Kingdom, Europe, Several Asian countries.

How long it takes to receive the card

The delivery time of the card depends on your geography:

  • Singapore: 3-7 business days
  • US, Canada, Asia Pacific, EU, UK: 7-14 business days

The CRO token

What is the purpose of the CRO token?

The Chain was created to build a network of cryptocurrency projects, and develop merchants’ ability to accept crypto as a form of payment.

The Chain is a high-performing native blockchain solution, which will make the transaction flows between crypto users and merchants accepting crypto seamless, cost-efficient, and secure.

Businesses can use pay Checkout and/or Invoice to enable customers to complete checkout and pay for goods and services with cryptocurrencies using the Wallet App.

Businesses receive all their payments instantly in CRO or stable coins, or in fiat.

Performances of the CRO token

First of all a really good news! The CRO token is evolving at a great positive rate.

The chart below represents the evolution of the CRO token price compared to the BTC price between January and July, as you can see it had increased over 6 months of +270% compared to BTC 27%.

CRO token vs BTC evolution 2020
How to get the card and a $25 bonus?

To benefit from the $25 signup bonus, you need to follow these 2 conditions:

  • open a account using the button below
  • order a Ruby card or above

Register | $25 BONUS

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