Since Crypto.com launched in 2016, the platform has continued to provide continuous valuable tools and products to its users. In 2021, Crypto.com added the crypto.com visa card to the list of its products with the promise to make spending cryptocurrency convenient. And so far, the platform has managed to achieve all it has promised despite some setbacks.
Before the launch of the Crypto.com Visa cards, crypto investors need to convert their cryptocurrency to fiat currency via P2P to be able to spend. There are fees attached to this conversion which defeats the whole purpose of eliminating the “middle-men” in modern financial institution structure. Crypto.com has managed to successfully bridge the gap between converting cryptocurrency to fiat currency and spending it easily.
Crypto.com launched five different visa cards; Midnight Blue, Ruby Steel, Jade Green/Royal Indigo, Icy White/Frosted Rose Gold, and Obsidian. Each of the Crypto.com cards come with its uniqueness in terms of style, branding, and rewards. Some of the rewards include reimbursement on Spotify, Netflix, Amazon prime, airport lounge access, and private jet partnership. The Obsidian Visa cards offer the most benefit to users while the Midnight Blue offers the least rewards, but it is free to get.
Many Crypto.com card users have doubts about the changes to the Visa card reward program by Crypto.com. The reward program affected the rewards on staked CRO, monthly cashback on spending, and the introduction of a monthly cap on two of Crypto.com’s visa cards.
Before the changes to the Crypto.com visa cards on 1st June 2022, Midnight Blue received 1% cashback as CRO stake rewards, Ruby Steel card received 2%, Jade Green/Royal Indigo card received 3%, Icy White/Frosted Rose Gold received 5%, and Obsidian card received 8%. However, after the changes to the card rewards, Midnight Blue, Ruby Steel, and Royal Indigo/Jade Green will no longer receive any CRO stake rewards, while Icy White/Frosted Rose Gold will receive 1%, and Obsidian will receive 2% stake rewards.
Also, the Ruby Steel and Royal Indigo/Jade Green Wisa card were set to a monthly cap of $25 and $50, respectively. However, as this is a major setback and a huge change to the rewards on the Crypto.com cards, there are still so many benefits that make the Crypto.com card perfect for your vacation.
Here are the top six reasons why the Crypto.com cards are perfect for your next vacation.
1) Top-Up Flexibility
As one of the promises of Crypto.com when launching its Visa cards, the platform has made it very convenient to spend your cryptocurrency at little to no cost. For crypto investors, you don’t need to dip into your fiat currency for your next vacation. With your next vacation, you can simply spend your cryptocurrency.
Crypto.com offers many ways to top-up your Crypto.com Visa cards. You can top-up your Visa card via cryptocurrency, fiat, PayPal, and via transfer from friends.
How do you spend your cryptocurrency using your Crypto.com Visa card? Crypto.com offers a way through which users can top up their Crypto.com Visa cards easily and fast using cryptocurrency. To top up your Crypto.com card using cryptocurrency;
- Click on the “card option.”
- Select “Top-up”
- Choose the “crypto wallet” option
- Select your preferred cryptocurrency
- Input the amount you wish to top up in your base currency or cryptocurrency
- Confirm the transaction
For other ways to top-up your Crypto.com Visa card, check our quick guide to top-up your crypto.com cards.
2) Cut your cost based on your size
Crypto.com offers different tiers of cards based on the user’s demand. All of the Crypto.com cards except Midnight Blue offer the same metal material. However, each Crypto.com card will surely offer you a different experience.
All the Crypto.com visa cards except Midnight Blue have a daily withdrawal limit of $2,000 and a monthly withdrawal limit of $10,000. The Midnight Blue card has a monthly withdrawal limit of $5,000. However, to get Crypto.com’s Midnight Blue Visa card, you are not required to stake CRO, but to get other card-tiers you are required to stake CRO on the Crypto.com app. For instance, to get Crypto.com’s Ruby Steel card, you need to stake $400 worth of CRO, for Royal Indigo/Jade green, you need to stake $4,000 worth of CRO, and to get the Obsidian Visa card you need to stake $400,000 worth of CRO.
So, based on your vacation needs, you can choose to go for any of the Crypto.com cards and still have a splendid experience.
3) Reward Benefits
Although there have been recent drawbacks to Crypto.com Visa card reward benefits, you still get to earn as you spend on your vacation. While modifications have been made to CRO stakes and a monthly reward cap attached to some of the cards, Crypto.com has left the card benefits intact.
You will still get monthly reimbursement in CRO on Spotify, Netflix, Amazon prime, Expedia, and Airbnb. Also, for high-tier card holders (Royal Indigo/Jade Green, Icy White/Frosted Rose Gold and Obsidian) you will still enjoy airport lounge access. Icy White/Frosted Rose Gold and Obsidian Visa card holders can bring one guest along to enjoy the airport lounge access.
Crypto.com private jet benefits are limited to just Crypto.com Obsidian Visa card holders. With the Crypto.com private jet benefit you get a bottle of Dom Perignon and a single one-way trip of VIP ground transportation when using VistaJet.
So, while you enjoy your vacation, Crypto.com finds ways to enhance your vacation experience through rewards and card benefits.
4) Free ATM Withdrawals
Crypto.com cards come with free ATM withdrawals. The monthly cap attached to each ATM withdrawal differs based on the card tier. Crypto.com’s Midnight Blue has a free monthly withdrawal of up to $200, Ruby Steel up to $400, Royal Indigo/Jade Green up to $800, and Icy White/Frosted Rose Gold and Obsidian up to $1,000.
This is one feature that most Visa cards don’t offer and many Crypto.com users planning the next vacation should explore.
5) No Monthly or Annual Fee
Only a few Visa card providers offer no monthly or annual fee attached to their card usage. Crypto.com is among the few Visa card providers that allow you to save costs attached to card usage. With Crypto.com Visa cards you don’t have to worry about inactivity fees, withdrawal fees, balance inquiry fees, transaction fees, and monthly fees.
6) You Don’t Pay to Get the Cards
Unlike many debit cards, you don’t pay to get any of the Crypto.com Visa debit cards. However, to get any of the cards except the Midnight Blue, you are required to stake CRO. The amount of CRO you have to stake ranges from $400 to $40,000.
To get the Crypto.com cards, your staked CRO will be locked for 180 days. You will however, continue to earn rewards on the staked CRO while it is staked and you can decide to leave it staked or withdraw it back to your wallet after 180 days. Your Crypto.com card will be delivered within a month of the request. While you wait for the physical card, you can make transactions and payments using a virtual card on your Crypto.com card.
So, if you have your vacation planned for a time when you won’t have your physical Crypto.com card, you can still make transactions and payments using your virtual card.
In conclusion
Crypto.com continues to deliver on its promise to deliver user-oriented products. While the platform might have experienced some drawbacks in its service over the past months, it has managed to expand its reach to more customers continually. Also, the crypto market is in decline and has swallowed many great projects, Crypto.com continues to stand firm.
The Crypto.com Visa card provides all you need to enjoy a perfect vacation with your loved ones with its earn-while-you-spend programs. Order any of the Crypto.com Visa cards.