The Crypto.com Visa card boasts one of the largest crypto card programs of its kind globally.
It offers cashback rewards in its native token, card benefits such as free Netflix and Spotify subscriptions, airport lounge access, and free ATM withdrawals. The higher tier metal cards offer upsized or longer lasting benefits, alongside with a gorgeous metallic finish to the card.
Who Should Get the Crypto.com Card?
The Crypto.com Visa card is ideal for anyone who wants to easily utilize their crypto balances.
It enables seamlessly converting crypto to fiat currency to make purchases directly with merchants worldwide.
It is especially beneficial for:
- Crypto enthusiasts who want an easy way to cash out and spend holdings
- Frequent travellers looking to avoid costly foreign transaction fees
- Reward seekers wanting cashback and perks on spending
- Airport lounge visitors needing affordable access
- Those seeking an alternative to traditional bank cards
Crypto.com Card Tiers
Crypto.com offers a tiered card system with five levels of increasing rewards and benefits tied to user holdings of and stakes in the platform’s native CRO token.
You need to purchase their native token, CRO, and lock-up a USD-value worth of CRO for 180 days in exchange for access to selective card perks.
Here is an overview of the tiers:
Midnight Blue
The no-frills Midnight Blue card has no staking requirements whatsoever and can be obtained completely free of charge.
Ruby Steel
With the Ruby Steel card, benefits take a marked step up. You’ll earn 1% cashback on all purchases capped at US$25 per month and receive a 100% rebate on Spotify subscription costs up to $13.99 per month for 6 months. To qualify, you must stake $500 SGD worth of CRO for the 180-day period.
Royal Indigo & Jade Green
These tiers unlock even more valuable cardholder rewards. You’ll earn 2% cashback on purchases capped at US$50 per month, 100% rebates on both Spotify and Netflix subscriptions for 6 months, and enjoy a $800 SGD monthly ATM withdrawal limit, and gain airport lounge access for 1 person. The CRO staking requirement is $5,000 SGD worth for 180 days.
Frosted Rose Gold & Icy White
The two top-tier cards take the rewards to another level entirely with 3% cashback on purchases with no monthly caps, rebates on Spotify, Netflix, Amazon Prime, X Premium for 6 months, 10% cashback on Expedia bookings up to US$50 per month, a $1,000 SGD monthly ATM withdrawal allowance, airport lounge access for you +1 guest, and exclusive crypto concierge service. You’ll need to stake a whopping $50,000 SGD worth of CRO to unlock this tier.
Obsidian
The aptly named Obsidian represents the apex Crypto.com debit card achievement, carrying highly restrictive qualification criteria – a stunning $500,000 SGD minimum CRO stake for 180 days.
While only a select few can realistically access the Obsidian tier, the Crypto.com card’s rewards scale up tremendously across all lower tiers as you stake higher amounts of CRO. And you always have the option to upgrade your card later by staking more CRO if your portfolio grows.
The only catch is you’ll need to pay a $50 SGD replacement fee if you desire an upgraded physical card design to access higher airport lounge privileges and other elite perks.
Crypto.com Card Benefits
Up to 8% Cashback Rewards
A major highlight of the Crypto.com card is earning up to 8% cashback on every card purchase, making it among the most rewarding cards available.
The cashback is paid out instantly in CRO tokens to your wallet, which you can immediately trade for fiat currency or other cryptocurrencies if desired.
Certain merchants are excluded from earning cashback, like money remittance services, insurance providers, etc. There are also caps to be aware of:
- The Ruby Steel card tier has a $25 monthly cashback cap.
- Royal Indigo and Jade Green have a $50 monthly cashback cap
- All other tiers enjoy unlimited cashback rewards with no caps
If you unstake your CRO after the 180 day period, you’ll continue earning reduced cashback without any caps based on your peak staking tier. For example, Royal Indigo, Jade Green, Ruby Steel cardholders no longer enjoy any CRO rewards on their card spend.
100% Subscription Rebates
One of the most valuable Crypto.com card perks is receiving automatic statement credits on popular subscription services like Netflix, Spotify, Amazon Prime and more depending on your card tier:
- Spotify: Available for Ruby Steel tier and higher
- Netflix: Available for Royal Indigo/Jade Green tier and higher
- Amazon Prime: Available for Icy White/Frosted Rose Gold tier
- X Premium: Available for Icy White/Frosted Rose Gold tier and higher
You simply designate your Crypto.com card as the payment method for the subscriptions to trigger the rebates. The credits effectively reimburse 100% of the costs up to set limits:
Complimentary Airport Lounge Access
For frequent travellers, airport lounge access can vastly enhance time spent awaiting flights.
You simply tap your card upon entry and can bring guests for a $35 USD fee per visit. For the Icy White, Frosted Rose Gold and Obsidian tier cards, one guest enters free of charge with each visit.
These elite tier cards also offer unlimited complimentary lounge visits, while the Royal Indigo and Jade Green cards permit four lounge visits per year.
When you unstake CRO, lounge access continues based on your highest staking tier achieved, along with the same guest privileges.
Global ATM Withdrawal Limits
You can withdraw cash across the globe directly from ATMs bearing the Visa or Visa Plus logo. Each tier includes generous fee-free monthly ATM withdrawal limits:
- Midnight Blue: $200 SGD
- Ruby Steel: $400 SGD
- Royal Indigo & Jade Green: $800 SGD
- Icy White & Frosted Rose Gold: $1,000 SGD
- Obsidian: $1,000 SGD
If you happen to exceed the limit, a 2% withdrawal fee applies. However, you can always withdraw amounts under the allowance from multiple ATMs as needed.
One catch – Singapore residential addresses cannot withdraw cash within Singapore specifically but have no restrictions elsewhere globally.
Conclusion
While reviewing the full range of Crypto.com card offerings, it becomes evident that the benefits and rewards scale up tremendously for higher tiers in exchange for committing to longer CRO stakes.
However, while committing to a reasonable CRO stake unlocks tangible rewards incentivizing increased platform activity, it comes at the risk of capital loss if CRO decreases in value – especially if your benefits from cashback and rewards do not fully cover the drop in value.
Nonetheless, all card tiers retain an exit option to withdraw your original CRO principal after 180 days if you desire, while retaining certain benefits like airport lounge access for the higher card tiers.
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