Crypto Cards: Cutting the complexity of using crypto

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With Crypto.com, you can gain access to a crypto-based card solution – as well as the opportunity for a range of rewards.


At the recent Token2049 event in Singapore, cryptocurrency usage was a major point of conversation.

Given the tech barriers that have traditionally been in place, how can crypto be more accessible to the everyday user?

The good news is that solutions are emerging – and innovations like the Crypto.com Card are coming to the forefront.

Discover Crypto.com Level Up


How it works

If you have money held in Bitcoin, the Crypto.com Card allows it to be converted into the local currency.

The Crypto.com Card is also partnered with Visa. This means your crypto card is accepted almost everywhere.

You also don't have to worry about the traditional inconveniences of transferring cryptocurrency – like lengthy security codes or wrangling storage wallets.

In fact, you're able to use the Crypto.com Card just like any other card when you're out and about.


Earning crypto-based rewards

So why opt for a crypto card specifically?

A number of these cards offer very competitive rewards, especially compared to traditional rewards offerings from the banks.

Let's look at Crypto.com's Level Up product as an example.

It's a tiered subscription service that unlocks access to a variety of card rewards.

There are three tiers – Plus, Pro and Private.

The Pro Level costs $49.99AUD per month, which equates to $599 annually.

This is a higher cost than some of the other credit cards on the market.

But it needs to be considered in conjunction with the rewards it offers.

  • 3% cashback in crypto
  • No FX fees (making it great for travellers)
  • 4 entries to airport lounges (most traditional rewards cards only offer 2)
  • No trading fees on crypto
  • 5% return on idle cash sitting in your account (coming soon)

To provide an example, let's say you spend $10,000 on a trip overseas.

You will receive $300 cashback in crypto and you will save roughly $300 in FX fees (the average FX rate charged by traditional credit cards when spending overseas is 3%).

These two perks alone can potentially cover the annual fee of the card.


Learn more about Crypto.com Level Up

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Yield rate Cashback rewards Deposit fee Supported cryptocurrencies
Crypto.com logo
N/A
2%
1-2%
6
Earn up to 2% cashback on eligible spending. Monthly rewards cap of $1,250 USD equiv. Rebates of up to $13.99 for both Spotify and Netflix for the first 3 months. T&Cs apply.
No FX or trading fees.
Go to site More info
Compare product selection
Crypto.com logo
N/A
3%
1-2%
6
Earn up to 3% cashback on eligible spending. Monthly rewards cap of $2,500 USD equiv. Rebates of up to $13.99 for both Spotify and Netflix for the first 6 months. 4x complimentary airport lounge access. T&Cs apply.
No FX or trading fees.
Go to site More info
Compare product selection
Crypto.com logo
N/A
4-6%
1-2%
6
Earn up to 6% cashback on eligible spending with no rewards cap. Rebates of up to $13.99 for both Spotify and Netflix for an unlimited time. Unlimited free airport lounge access. T&Cs apply.
No FX or trading fees.
Go to site More info
Compare product selection
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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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