Crypto.com Visa Card
This product is managed by Crypto.com.
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Crypto.com Visa Card is a multi-currency crypto metal card by Crypto.com. It famously features 100% cashback benefits for popular online services like Spotify, Netflix and Amazon Prime. For other regular spendings, you can get up to 5% cashback. All cashback amounts are credited in CRO back to your Crypto Wallet.
Additionally, having LoungeKey™ airport lounge access (upper-tier cardholders only) makes Crypto.com Visa Card attractive for the highflyers.
While you can get the first tier of Crypto.com Visa Card for free, the subsequent tiers that provide you extra cashback require you to stake CRO, which is Crypto.com's native coin. This means you have to purchase CRO tokens and hold them for 6 months.
Notably, with cryptocurrencies, a significant amount of risk is involved.
CURRENCY EXCHANGE FEES
Free for first $1000
OVERSEAS ATM WITHDRAWAL FEES
SUPPORTED FIAT CURRENCIES
1) Best way is to use Grab Mastercard or revolut card: free application and no fees to top up.
2) Charge your Spotify bill to another card (not CDC card) then send the receipt to in app support. Rebates will come in monthly without you needing to do anything. This is because Spotify processes payment outside Singapore and CDC card is pending license from MAS to allow international payment.
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Understanding the risk of Cryptocurrency Platforms in Singapore:
This product does not currently hold the licence to “provide digital payment token services” under the Payment Services Act (PS Act) by MAS. This product was previously granted an exemption since 28 January 2020 and is pending the licence to “provide digital payment token services” from MAS.
The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any investment product.
The Crypto.com Visa Card has a range of metal Visa cards linked to the Crypto.com App that enables users to convert and spend their cryptocurrencies anywhere Visa is accepted. Crypto.com App is a multi-currency wallet app that allows you to securely buy, sell, store, send and track cryptocurrencies and access a range of innovative financial services.
CRO stake requirement
Cashback & Benefits*
Frosted Rose Gold & Icy White
Royal Indigo & Jade Green
*Cashback benefits reduce after you unlock your CRO post 6 months of staking. Non-staking benefits will be reduced significantly.
While you can get the first tier of Crypto.com Visa Card for free, the subsequent tiers that provide you extra cashback require you to stake CRO, which is Crypto.com's native coin.
The more CRO you have, the higher your tier. Hence while technically you do not pay for membership fees, you have to purchase CRO tokens and hold them for 6 months. Notably, with cryptocurrencies, a significant amount of risk is involved.
1. First, you will have to ensure you have sufficient CRO coins, to do so you can:
2. Next, once you have enough CRO tokens in your Crypto.com App for your selected Crypto.com Visa card.
3. Go to the Card Page > Select desired Crypto.com Visa Card > Stake CRO and follow the instructions
4. If you wish to unlock your staked CRO, simply go to the CRO wallet in your app and tap unlock.