I have previously signed up for a Binance VISA card and BlockFi card but turned out none of them are available from the UK at the time when I was writing the post.
That’s how I found the Cryoto.com card because it’s available in the UK!
So, what is the Cryto.com Visa card?
Simply put, it’s a VISA debit card which you can top up money from your other debit card. But why one wants to make his/her life more complicated by using the crypto.com card?
Because of the cashback!
Here is the benefit of using the Cryoto.com card.
So yeah, depends on how much you can stake the CRO token, you get different % cashback.
I was a bit indecisive at the beginning, so I went for Midnight blue. I regretted it very soon and decided to upgrade to ruby steel by staking £300 CRO token. The sign-up bonus also unlocks automatically once £300 is staked.
Personally, I don’t use Spotify, so the payback is not too attractive to me. The benefit only pays back a limited amount of cashback, meaning those who have a family account won’t get everything covered.
But the Netflix 100% payback does lure me in. So, I am accumulating my CRO token from cask back and DCA to £3000 worth of CRO.
How does the cashback work?
So, the cashback applies to all transactions and is paid in CRO tokens.
You can sell it immediately for fiat money, or other crypto assets, or stake it.
Bear in mind that the price of CRO can flatulate and affect the overall value of the cashback after some time.
But continuously getting cashback is a kind of DCA to get more CRO.
I understand I have to spend money for food and bills monthly anyway, why don’t I make use of the cashback benefit if it’s accessible?
One concern is whether the CRO gained from cashback should be taxed or not. For that, I need more reading to understand it.
What to do if you’re interested in getting the ctypto.com VISA card?
1. You need to download the crypto.com app first, from https://crypto.com/cards
2. Then you need to complete KYC (know your customer) to verify your identity.
3. Click on the card icon at the bottom right of the app, you will be asked to choose what VISA card to apply for.
4. If you want the $25 USD worth of CRO sign-up bonus, you need to purchase £300 worth of CRO and stake it for 180 days, which automatically granted you the ruby steel VISA card.
5. You can still earn 1% cashback if you sign up for the Midnight blue card.
6. Once you have finished the application and got the card details, you can start using it for online shopping!! Welcome to the club.
Verdict
It’s good to have a cashback debit card which I can earn crypto. I paired my crypto.com card with the Curve card to maximise the cashback benefit. Of course, you may have other options in the country where you live and if the rate is better, go for it. But the completed crypto ecosystem offered by crypto.com makes sell/staking of CRO easily, just my thought.
Thx for your time and hope you learn something new!
You get a $25 USD worth CRO token when you sign up using the following link with the referral code: kgg4hzxt64.
