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Crypto.com Visa Card

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Crypto.com Visa Card Logo
4.8
303 reviews
claimed
Claimed

This product is managed by Crypto.com.

Summary

Product Page Transparency

  • Claimed in August 2020

Crypto.com Visa Card Singapore Review 2022

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.

...see more

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Summary

Product Page Transparency

  • Claimed in August 2020

Crypto.com Visa Card Singapore Review 2022

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.

...see more

Plans (5)

Slide 1 of 5

Obsidian Black

Visa

TYPE

Free

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $1000

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Frosted Rose Gold & Icy White

Visa

TYPE

Free for first $15,000

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $1000

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Royal Indigo & Jade Green

Visa

TYPE

Free for first $10,000

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $800

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Ruby Steel

Visa

TYPE

Free for first $4000

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $400

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Midnight Blue

Visa

TYPE

Free for first $2000

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $200

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Obsidian Black

Visa

TYPE

Free

CURRENCY EXCHANGE FEES

N/A

MONTHLY FEES

Free for first $1000

OVERSEAS ATM WITHDRAWAL FEES

7

SUPPORTED FIAT CURRENCIES

Reviews (303)

4.8

303 Reviews

5
263
4
29
3
3
2
3
1
5

Service Rating

Application Process

4.8

User Experience

4.7

Customer Support

4.6

      Posted 23 Apr 2022

      Purchased

      Royal Indigo & Jade Green

      [Features] Rebates, rebates and rebates! By staking MCO, you are able to save more on your subscription like Spotify, Netflix and Amazon Prime to AirBnb and Expedia. Earn min. 2% rebates off anywhere where the card is accepted both offline (retail purchase) and online wherever Visa and Visa Paywave is accepted just with a min. 50 MCO staked. Receive a cool Metal card in amazing Ruby Steel (50), Jade Green/Royal Indigo (500), Icy White/Frosted Rose Gold (5000) and an Obsidian (50000) metallic card by staking MCO coins! Little to no fees on exchange rates between fiat currencies and the rates are very competitive. [Referrals] One of the most attractive referral program! 50 USD for both parties (you and your friend/family) just by staking min. 50 MCO while enjoying the features of the card. [UI] Easy to use and clean interface, makes buying cryptos a breeze! Multiple currencies available enables one to exchange instantly and with instant and secure deposits via other credit/debit cards or even via your crypto wallet all in one place.

      0

      What are your thoughts?

      Posted 06 Apr 2022

      Purchased

      Ruby Steel

      [Tips] Good to use this for your Gojek, online purchases and restaurants visits as you get the cashback directly into your CRO card almost immediately. For transit - sometimes there will be an error when you tried the day after as their backend has yet to calculate the total amount you have spend on transit the day before. So always have a spare transit card with you. Maximise your CRO coins! Use the Crypto Defi Wallet and connect both your CDC App with your Crypto Defi Wallet (require 24 hours to formalise the connection). You can transfer all the CRO you have earned through your spend on the App over to the Defi Wallet, and from there, you can choose to put your Cronos to 'Earn' up to 12%.

      0

      What are your thoughts?

      Posted 20 Mar 2022

      Purchased

      Ruby Steel

      [UI] Easy to understand interface, suitable for beginner [Customer Support] Customer support response to your query within 24 hours!

      0

      What are your thoughts?

      Posted 01 Jan 2022

      Purchased

      Royal Indigo & Jade Green

      Applied for the Royal Indigo card and it arrived in 1 week! 3% cashback, no minimum spend, free spotify, free netflix, 10%pa interest paid in CRO and it feel good in hand. I use this as my main card whenever Visa is excepted.

      6

      What are your thoughts?

      Hi,

      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.

      ​

      View 5 other comments

      Posted 21 Dec 2021

      Purchased

      Frosted Rose Gold & Icy White

      I have used this card for 3 years. The card is the reason why I started investing in crypto. There were teething problems at the start where the company changed their policies frequently, angering users. Nowadays, they seemed to have settled down into a well evolved eco system of products, always innovating and always improving. No regrets remaining with this company through the ups and downs.

      0

      What are your thoughts?

      Posted 16 Aug 2021

      Purchased

      Royal Indigo & Jade Green

      [Disclaimer] The moment you consider getting this card or is reading this review, you should already be opened to the idea of cryptocurrency and its volatility. If you can accept the risk and nature of cryptocurrency, this is definitely the one card you have to get. [Application Process] Straight forward just like any of the cryptocurrency platform (e.g. Celsius). Apply for an account using your email, and do a KYC (Know Your Customer) by taking the front and back of your identity documents like your Identity Card or Passport, and then do a selfie using the camera on your phone, while following the instructions in the CryptoDotCom application. Verification period varies, for my mum and mine, it took about a day. For my dad's it took about 4 working days, including one failure application because of his selfie. You then either buy to stake or apply for a free card and just wait. The sweetest spot is definitely Royal Indigo or Jade Green (S$5,000 worth of CRO), more to be covered later in this review. [Features] The main catch of this card is definitely the perks, free Spotify, Netflix, and cashback, all depending on the tier that you applied for. Midnight Blue (Free!): 1% cashback for all spending (in CRO). Ruby Red (S$500 worth of CRO): 2% cashback for all spending (in CRO), and free Spotify (reimbursed in CRO, up to a maximum of USD 12.99 equivalent). Royal Indigo/Jade Green (S$5,000 worth of CRO): 3% cashback for all spending (in CRO), free Spotify and Netflix (reimbursed in CRO, up to a maximum of USD 12.99 equivalent), and airport lounge access via LoungeKey. Additionally, a 10% interest for your CRO staked with CryptoDotCom, which will be paid to you in CRO every 7 days. Icy White/Rose Gold (S$50,000 worth of CRO): 5% cashback for all spending (in CRO), free Spotify, Netflix, and Amazon Prime (reimbursed in CRO, up to a maximum of USD 12.99 equivalent), 10% cashback for Expedia (in CRO, up to a maximum of USD 50 equivalent), and airport lounge access with +1 Guest via LoungeKey. Additionally, a 12% interest for your CRO staked with CryptoDotCom, which will be paid to you in CRO every 7 days, and additional 2% interest on fixed-term deposits, paid in CRO, but not applicable for CRO deposits. Obsidian Black (S$500,000 worth of CRO): 8% cashback for all spending (in CRO), free Spotify, Netflix, and Amazon Prime (reimbursed in CRO, up to a maximum of USD 12.99 equivalent), 10% cashback for Expedia (in CRO, up to a maximum of USD 50 equivalent), 10% cashback for Airbnb (in CRO, up to a maximum of USD 100) and airport lounge access with +1 Guest via LoungeKey. Additionally, a 12% interest for your CRO staked with CryptoDotCom, which will be paid to you in CRO every 7 days, and additional 2% interest on fixed-term deposits, paid in CRO, but not applicable for CRO deposits. All CRO will be staked for a period of 6 months, which cannot be unstake/moved until after 6 months (180 days). During the period, you can only upgrade, with the help of customer service, and to get a new card you have to pay 50 SGD (unless there is a promotion for card upgrade waiver). After 6 months (180 days), you can either unstake or leave it staked to continue getting the interest (10% for Royal Indigo/Jade Green, or 12% for Icy White/Rose Gold and Obsidian Black). Other features including the fixed-term deposit mentioned above, and CRO pay. [Referrals] Probably the best referral program out there. 25 USD in form of CRO for both the referrer and referent, when the referent staked at least S$500 worth of CRO. [Transparency] If everything is paid in the base currency (in this case SGD), then everything is fine. Else the exchange rate is not very transparent, although they said that the rate follows the VISA exchange rate, and it does not show the rate used in the transaction details. Apart from them, the company's performance (P&L) is not very transparent as well, but they are a private company so.. there is nothing much we can do except to trust them. [UI] Pretty user friendly, many banners to help new comers get used to the application. But the number of wallets might be confusing to many people out there, e.g. money in VISA wallet cannot be used to buy cryptocurrency in the application, but it is the only place that you can top up using your credit/debit card, and money in Fiat wallet can only be topped up using Xfers or SEPA bank transfer. CryptoDotCom is constantly updating the UI of the application tho, getting and listening to feedback from users. [Analytics] It is currently impossible to track your monthly expenses and see your current top up allowance, but many people are currently requesting that feature so we might be able to see it soon. [Tips] Always make use of current promotion, e.g. now there is a 3% cashback for groceries spending/food deliveries (for Midnight Blue cardholders, up to a maximum of 20 SGD, in form of CRO), and 12% cashback for groceries spending/food deliveries (for all metal cardholders, up to a maximum of 50 SGD, in form of CRO). And previously there was this upgrade fee waiver which allows you to upgrade your stake and get a new card at no cost (which costs 50 SGD during normal times). [Withdrawals] It is no longer possible to do ATM withdrawal to withdraw your money from your VISA wallet locally, with effect from 28 January 2020. It is still possible to withdraw overseas tho, the withdrawal limit is limited by the card tier (200 USD for Midnight Blue, 400 USD for Ruby Red, 800 USD for Royal Indigo/Jade Green, and 1000 USD for Icy White/Rose Gold and Obsidian Black). [Customer Support] Used to be great, they used to answer any inquiries within an hour or two, but as the card gets released elsewhere in the world, the waiting time is now a few days, not deal breaking as many questions can be found online or asked in Telegram groups where the community are very active in. Icy White/Rose Gold and Obsidian Black will have priority customer service as part of their perks in CryptoDotCom Private, which will reply in minutes or within an hour. [Summary (tl;dr)] You are definitely looking at the best card if you can accept the risk and nature of cryptocurrency. Stake S$5,000, and enjoy a 10% interest for your CRO (Ruby Red just gets staked and it does not earn you interest) and also enjoy the free Spotify, Netflix and 3% Cashback. And remember to make use of the current promotion to get a maximum of 12% cashback for your groceries spending/food deliveries, more details to be found on their website.

      3

      What are your thoughts?

      Thanks for clarifying! i will go check it out!

      View 5 other comments

      Posted 22 Jul 2021

      Purchased

      Frosted Rose Gold & Icy White

      Cashback feature is great, they are also very generous with their referral rewards. Useful to have if you’re an avid CRO user

      0

      What are your thoughts?

      30 Jun 2021

      Purchased

      Royal Indigo & Jade Green

      [Features] The MCO is a debit visa card that have great cashback features. There is cashback for both Spotify and Netflix subscription if you stake a certain minimum number of their MCO tokens. There are more cashback benefits if you stake even more tokens but note that staking tokens means the cash is locked in during the entire period where you get to enjoy the special cashback (Spotify, Netflix, Amazon Prime etc.) However, if you choose to unstake them, you will lose a significant portion of your benefits. A good starting point to start will be just 50 MCO tokens which value fluctuates at around S$200+ to S$450 depending on the current price. However, staking 50 tokens only give you the spotify cashback benefit and not Netflix. And currently from April to June 2020, there is a promotion of 10 to 20% cashback on groceries and food deliveries respectively capped at US$50 a month which is great. The cashback is given in MCO tokens and can be easily converted to USD at their beta exchange. The negative is that you can only top up your debit card using selected tokens such as MCO, BTC and some other tokens. At the moment, you cannot use USDT to top up the debit card directly. Ability to withdraw cash from ATM worldwide without fees up to a cap depending on your card levels. However, note that you cannot withdraw cash from local ATM due to the recent changes of regulations locally. [Customer Support] Customer Support service is great in the app as their staff will respond to me when I had issues topping up the debit card with credit or when I wanted to increase the MCO staking tokens. [Referrals] Referral program of theirs is great as upon having your referral sign up and stake a minimum of 50 MCO tokens, both of you get US$50 worth of MCO tokens which can be used to top up your debit card. [UI] User interface of the application of mobile has improved over the past year that I am using the card and it looks great and has become slightly more user friendly. [Analytics] The app on mobile also show you the prices of cryptocurrencies such as BTC, LTC and many more which is a great feature if you are looking to buy some cryptocurrencies.

      0

      What are your thoughts?

      21 Jun 2021

      Purchased

      Frosted Rose Gold & Icy White

      Usage in Singapore is capped at $30,000 SGD/year as per MAS Payment Service Act. Rebates are sweet as CRO has been going up in price in the last quarter. 5% rebates turned into 10%. Customer Support is lackluster but you can get communal support from the Singapore telegram group.

      0

      What are your thoughts?

      27 Feb 2021

      Purchased

      Royal Indigo & Jade Green

      I've been using the MCO card for close to half a month now, and I can easily say that it has improved by leaps and bounds since I first signed up. [Features] The MCO card's perks are excellent. You get full rebates on Spotify (and Netflix, Amazon Prime, plus increased cashback at Airbnb/Expedia), depending on card tier. You also get a nice chunk of cashback, which beats most debit cards and quite a lot of credit cards out there, since there's no minimum spend or cashback cap (iirc). Plus, they use Visa rates with no FCY/DCC transaction fees tacked on (vs 2.5% to3.5% on other rewards cards), so your cashback doesn't instantly get negated by those fees! Plus, at the moment they've got a promotion where you get 10% back on food deliveries and groceries (up to a max of $50 USD of cashback per month). Quite thoughtful of them to do this especially during these trying times -- you'd be hard-pressed to see similar benefits from other card issuers. It's worth noting that cashback and rebates are given back to you in the form of MCO -- one of CDC's cryptocurrencies -- so you're kind of exposed to fluctuations in price. So, your 2% cashback could be worth more or worth less, depending on when you sell it. As for other perks... depending on your card stake, you'll also get an unlimited LoungeKey pass (and even +1 guest if you stake for an Icy or Rose Gold card). There are also other perks which don't really appeal to me much, so I won't elaborate futher. Of course, these perks require you to stake MCO. You might want to think about it depending on your risk appetite, but you could also treat it as a sorta annual fee that you can get back. You'd definitely want to be fully aware of what you're getting yourself into though. As for mobile wallet support... they do support Apple Pay and Google Pay for cards issued in the US, and it may be coming soon to cards issued in Singapore soon. Probably would take a bit of time though, but hopefully they'll consider other less popular mobile wallets like Garmin Pay and Fitbit Pay once they're done with Google and Apple Pay. [UI] The CDC app is where you'd do most things related to the card. It's not immediately obvious, but there are a few "wallets" that you can use. A crypto wallet, where you store your cryptocurrencies; a fiat wallet, where you store fiat currencies for buying/selling crypto; and a card wallet, which your MCO Visa draws from when making purchases. To top up your card wallet, you can sell some types of crypto from your crypto wallet, or top up using a debit card. Well, a credit card works too, but there's a 1% fee plus the potential for getting hit by cash advance charges. Viewing your transactions is kind of messy. There's two places you can do this -- in the card wallet, which shows you the date, merchant name, and amount paid (in the six supported wallet currencies, or in SGD for other currencies); and in the MCO crypto wallet, which shows you the date/time, merchant name and city, amount paid (in supported wallet currencies, or else in txn currency plus SGD amount), and the amount of cashback you get. The biggest gripe I have about this would be the fact that paying for a EUR txn in SGD, for example, will only show you the EUR amount everywhere. You'd have to look in your email to get the SGD value. And if you pay in a currency other the supported wallet currencies, you'd have to jump through some small hoops to find out the amount paid in the original currency. But other than that, the app looks great and works pretty well. I won't elaborate on the other features since this review is about the card, but since customer support is through the app as well... [Customer Support] The customer support is done a little differently than what you may expect -- it's like a hybrid of a ticket-based helpdesk and live chat. You'd basically start a chat and send your questions, and maybe in an hour or so someone will get back to you. You don't get automatically kicked out of the chat if you happen to be away for a bit, so in this aspect they're like tickets. As for the CS reps themselves, they're generally friendly and accommodating. I've had my issues solved rather expediently, although I've had to contact different agents for the same issue, such as for fee waivers. It's probably the same with almost every other company though, so I can't fault them either. (Anyway, if you can't bear to wait too long, I hear users with an Icy/Rose card stake get priority support. Not that it's a good idea to upgrade your stake just for that, though.) [Tips] Consider using the MCO Visa in place of your multicurrency debit cards. The cashback will likely make it pretty worth it.

      0

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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.

      About Crypto.com

      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.

      Tiers of Crypto.com Visa Card

      Card Tier

      CRO stake requirement

      Cashback & Benefits*

      • Free ATM withdrawal per month
      • Interbank exchange rates monthly limit

      Obsidian Black

      (Metal Card)

      $500,000 SGD

      • CRO rewards on all spending: 5%
      • Spotify: 100%
      • Netflix: 100%
      • Amazon Prime: 100%
      • Expedia: 10%
      • Airbnb: 10%
      • Airport Lounge Access: Yes, + 1 guest
      • $1,000 SGD
      • Unlimited

      Frosted Rose Gold & Icy White

      (Metal Card)

      $50,000 SGD

      • CRO rewards on all spending: 3%
      • Spotify: 100%
      • Netflix: 100%
      • Amazon Prime: 100%
      • Expedia: 10%
      • Airport Lounge Access: Yes, + 1 guest
      • $1,000 SGD
      • $15,000 SGD

      Royal Indigo & Jade Green

      $5,000 SGD

      • CRO rewards on all spending: 2%
      • Spotify: 100%
      • Netflix: 100%
      • Airport Lounge Access: Yes
      • Monthly CRO Rewards Cap: $50 USD
      • $800 SGD
      • $10,000 SGD

      Ruby Steel

      (Metal Card)

      $500 SGD

      • CRO rewards on all spending: 1%
      • Spotify: 100%
      • Monthly CRO Rewards Cap: $25 USD
      • $400 SGD
      • $4,000 SGD

      Midnight Blue

      (Plastic Card)

      Free

      • CRO rewards on all spending: 0%
      • $200 SGD
      • $2,000 SGD

      *Cashback benefits reduce after you unlock your CRO post 6 months of staking. Non-staking benefits will be reduced significantly.

      Crypto.com Non-Staking Cashback benefits change:

      • Obsidian Black - from 5% to 2%
      • Frosted Rose Gold and Icy White - from 3% to 1%
      • Royal Indigo and Jade Green - from 2% to 0%
      • Ruby Steel - from 1% to 0%
      • Midnight Blue - no change

      How much does Crypto.com Visa Card really cost?

      Crypto.com Coin (CRO)

      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.

      Features of Crypto.com Visa Card

      • A beautifully crafted metal Visa card for Ruby Steel and above
      • Up to 5% back on ALL spending
      • Spotify and Netflix: Up to 100% subscription rebate
      • Airbnb & Expedia: Up to 10% back on bookings
      • Obsidian: Private Jet Services
      • Crypto.com Private: Access to priority customer service, inheritance service, research reports, OTC block trades, and further 2% p.a interest on Crypto Earn
      • Interbank Exchange Rates: Store and exchange up to 6 common currencies.
        Each tier except Obsidian Black has a monthly limit. Passing the limit will subject you to a 0.5% charge thereafter.
      • No Fee ATM overseas withdrawals: Up to SG$1,000 per month.
        Surpassing the limits for your tier will subject you to a 2% charge thereafter
      • Unlimited access to 1000+ airport lounges globally on select cards (via LoungeKey™)
      • After staking your CRO for 6 months, you can choose to unlock the CRO to sell or use. However, "unstaking" your CRO from your account will mean losing the benefits of Purchase Rebates, Extra Card cashback, and Higher Interest rate earnings.
      • Cardholders cannot load cryptocurrency onto their Crypto.com Visa Card. All cryptocurrency will be converted to SGD and the SGD can be loaded onto the Crypto.com Visa Card for use in purchase and ATM withdrawals.

      Getting the Crypto.com Visa Card

      1. First, you will have to ensure you have sufficient CRO coins, to do so you can:

      • Buy CRO with Credit/Debit card or bank transfer with App OR
      • Exchange from another crypto to CRO in the Crypto.com App OR
      • Deposit CRO from an external wallet or exchange to your Crypto.com wallet

      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.

      Contact Info