If you are looking for a new credit card, Crypto.com should definitely be up there on your list of considerations. This company offers a number of cards that each include a variety of features and benefits.
In this article, we will be discussing Crypto.com credit cards in detail. This includes how you can go about signing up for a card and what rewards you will be offered.
- What Is Crypto’s Price?
- Crypto.com Credit Cards
- How to Apply
- Types of Credit Cards
- Hidden Fees
- Signing Up for a Credit Card
- Crypto Currency
- Card Limits
- Fees and Costs
- Do Your Research
What Is Crypto’s Price?
If you are considering taking out a credit card with Crypto.com, you should know exactly what this digital banking business entails.
Users invest in different cryptocurrencies, adding value to their accounts.
However, it is important to note that the value of the different currencies constantly changes, meaning that your bank balance will fluctuate often.
Check the Prices
To understand where you should invest, it is essential that you monitor different cryptocurrency prices.
This can be done on the official Crypto.com website or on another digital banking market.
Crypto Credit Cards
You can sign up for a Crypto.com credit card within minutes. Most credit cards take your monthly income into account, but these options are a little different.
You can sign up for different cards based on what you choose to “stake” within the platform. This means that you purchase and hold a certain amount of the platform’s own cryptocurrency. The more you stake, the better your rewards and benefits.
Unlike a lot of credit cards, Crypto.com options do not include annual fees. The cards can be used all over the world and will introduce you to a number of rewards, including discounts on Netflix, Spotify, and Airbnb.
In order to use the Crypto.com credit cards, you will need to have money in your account.
Many Options to Choose From
By investing in the different cryptocurrencies, you will receive a certain amount of cash that is stored in this account. The card can then be used at different ATMs and on physical purchases.
As we have already mentioned, Crypto.com offers several credit cards to choose from. Based on the amount you choose to purchase and stake of Crypto.com’s official coin (CRO), you will be able to select one of five different cards.
The most expensive option includes the most benefits and rewards, while the most affordable card can only be used for making purchases.
How to Apply
A major advantage of signing up for a Crypto.com credit card is that the process is very easy, and there are a number of ways to apply.
You can make your own account by visiting the official Crypto.com website and contacting the customer support staff. They will be able to help you set up your credit card account.
Another way to apply is to download the official Crypto.com app. This platform is available on both Google Play and the App Store.
Once on the app, simply follow the on-screen prompts to make your own account. If you encounter any issues, the app can also be used to contact customer support.
The Crypto Website
If you are looking for more information regarding Crypto.com credit cards, the website is a great place to start.
You will find detailed descriptions of each card, including rewards, features, and fees.
Types of Credit Cards
As we have already mentioned, there are five credit cards to choose from.
However, it is important to note that the amount of CRO you stake plays a massive role in determining which card you actually qualify for.
The lower your staked amount the lower your chances of being approved for a certain card.
Therefore, you will have to hold quite a lot of money on the platform in order to qualify for the cards with the best benefits.
Staking CRO
As mentioned earlier, it is very important to note that CRO, like all cryptocurrencies, may fluctuate frequently and, at times, drastically.
Therefore, it is wise to carefully consider the amount of CRO you are willing to hold on the platform.
Hidden Fees
With most credit cards, there are a number of hidden fees that only make themselves apparent after you have taken out an account.
However, with Crypto.com, you will not have to worry about this. With cryptocurrency, ‘staking’ essentially means holding a certain value of CRO in your app wallet for a period of at least 6 months.
Based on the amount in your wallet, you will gain access to a number of rewards and discounts. With Crypto.com, you will gain access to a number of great rewards.
This includes discounts at airport lounges and traveling platforms, such as Airbnb. You will also receive considerable discounts on major apps, such as Netflix and Spotify.
Rewards
In addition, many of the cards also offer a “cash back” feature in which a percentage of your purchases is refunded to your account in the form of cryptocurrency.
To be more specific, you receive up to 8% back on local or overseas spending. Additionally, you receive up to a 10% discount on subscription fees with services including Expedia and Amazon Prime.
More so, you can earn bonus internet and receive an exclusive merchandise welcome pack.
Signing Up for a Credit Card
One major advantage of taking out a Crypto.com credit card is that everything works quickly and easily.
After signing up for an account, you will receive your card within a few months. It can take quite a while to receive it, but you will be able to start spending money immediately.
It is very important that you research the different cards before opening your account. The amount of cash that you have in your account will determine the extent of your benefits.
For example, if you have 40,000 Euros in your account, you will receive 5% CRO rewards instead of the 8% that comes with having 400,000 Euros in the bank.
Fast, Efficient, and Reliable
This innovative company works quickly, efficiently, and reliably.
When you sign up for an account, you will be provided with a list of all costs that you will be expected to pay.
This includes the interest paid on purchases made.
Cryptocurrency
In short, cryptocurrency is a type of digital money that can be used to pay for real-life items.
Cryptocurrency can be withdrawn as real money, and real money can be converted into cryptocurrency. Cryptocurrency credit cards are a relatively new idea.
More and more people around the world are turning to this type of banking, so you should definitely consider opening your own cryptocurrency account.
It is also important to note that there are different types of cryptocurrencies for you to invest in.
Types of Cryptocurrencies
To get the most out of your Crypto.com banking experience, it is important to keep an eye on the different cryptocurrency prices.
Like the stock market, the different currencies change in value daily.
For this reason, the amount that you have in your account will fluctuate every day.
Card Limits
Based on the type of Crypto.com credit card that you have, you will have a certain limit to what you can spend each month.
The more you have in your account, the higher this limit will be. The Obsidian and Frosted Rose Gold/Ice White options have a monthly limit of 1,000 Euros.
The Royal Indigo and Jade Green cards have a monthly limit of 800 Euros. Finally, the Ruby Steel card has a limit of 400 Euros, and the Midnight Blue card is limited to 200 Euros.
There are additional fees that you will have to pay if you go over this limit.
When You Go Over the Limit…
For every purchase made after reaching this limit, you will have to pay 2% interest on the total amount paid.
Over time, these small charges add up, making it important to stick to the monthly limit.
Fees and Costs
Before taking out a Crypto.com credit card, it is essential that you check what your monthly fees and costs will be.
In short, the more cash you have on the card, the higher your fees will be.
However, it is important to note that rewards and benefits will also be much better with this option.
To determine exactly what your monthly fees will be, be sure to download the official Crypto.com app.
The Fees and Limits Section
Here, you will be able to view the pricing list in the ‘Fees and Limits’ section under ‘Settings’.
Fees vary based on card tier, so it is important that you check the correct one. For example, the Ruby Steel credit card does not have a setup cost and will provide 1% cash back on all purchases.
You will be charged a fee of 2% of all purchases that exceed the monthly limit. More so, there is an interbank exchange fee of 0.5%.
Do Your Research
All the fees that you will be expected to pay are listed on the official Crypto.com website.
For this reason, it is recommended that you do your research before opening an account.
If you have any issues with your credit card, Crypto.com does have a customer support team that can be contacted. This can be done via the official Crypto.com banking app or through their website.
There is also a FAQs section that should be viewed beforehand.
No Annual Fees
As we have already mentioned, you will not have to pay an annual fee to own a Crypto.com credit card.
Instead, your fees will be determined by how much you spend each month and how much money you have in your account.
Summary
You should definitely consider Crypto.com if you are looking for a new credit card. There are a number of fees and costs to take note of beforehand, and there are different options to choose from, making it important that you do proper research.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.