This is an update since my original post back in 2020.
Long story short, TL;DR:
The Crypto.com Visa card is a Debit Card that you can top-up and use anywhere. You can get a free card and enjoy 1% cash back on your purchases. If you want even better rewards you can “stake” (freeze) either €350 o €3500 for 6 months and get free Netflix, free Spotify Premium, 3% cash-back on your purchases, and even 10% interest on your €3500. I’ve been using the card for over 18 months, and it’s insane.
My first experience with Crypto.com
At that time, I had just discovered the Crypto.com CRO Visa Debit card and decided to give it a go to the Ruby Steel version.
I found that they offered a range of cards with different benefits. This is the updated list (November 2021)
So, I downloaded the app, connected with my SAS EuroBonus Mastercard, and bought about €200 worth of CRO coins (at that time they required less than today). Filled in my personal info and address and applied for a Ruby Steel card. Yes, it is a metal card. Once they verified everything, they sent me the card to my house, which took about 4-5 weeks (covid). For them to send the card, I had to pay an extra €50 euro, and also “stake” those €200 in CRO coins. This meant that I couldn’t touch them, they were frozen in my wallet for 180 days.
After I’ve got the card home, I immediately started paying for Spotify Premium with that card, and… I started getting reimbursed.
Every time Spotify withdraws money from that debit card, they reimburse it back to you to your wallet immediately. This is how you get Spotify for FREE! (as long as you have the card).
Then, I started topping the card up and using it as a debit card at grocery stores (ICA, Coop), restaurants, bars, etc. Each time I paid for something, they immediately deposited 2% back into my wallet.
The card has no issuing or maintenance fees once you get it (just for sending the card to you). They also have a rewards program where you can earn more things. For example, you can pay at booking.com with a 25% discount, and I’ve seen CDON gift cards also discounted by 15%.
The more interesting part is that the CRO coins I bought for €200 started growing in value. I bought them for 7 cents apiece. Today (as of November 2021), they are worth almost $1! It’s crazy!
2020 vs 2022: how much money I made? (or lost)
So, I got about 3000 CRO coins, which are now worth almost $3000! That’s an insane return! (thanks to trusting in the project but also to the insane amount of money that Crypto.com invests in marketing).
The result: My €200 turned into €3500, and I’ve gotten FREE Spotify every month!
During 2020 I had even more opportunities to get more and more CRO coins from different sources, promotions, and rewards. My partner also got a card, so we combined the earnings. Now it’s time to upgrade.
We’ve decided to stake even more money (€3500) and ask for an Indigo Blue card (also metal). This card gives you 3% cashback, FREE Spotify AND Netflix, and also 10% annual interest back on your money (paid weekly). So after a year, you would get an extra €350 on top of your €3500. And, if the CRO coin keeps increasing its value, it could be even more.
How to get the $25 bonus?
First, sign-up with my referral link or use my code kcqyz67f3q. Try to use the mobile app, the desktop website is a bit confusing.
Then, you have to stake at least $400 in CRO coins to unlock their sign-up bonus and for you to receive your referral bonus. You may purchase the CRO right after downloading the app via Credit/Debit Card, Crypto Wallet, or Bank Transfer.
Here’s what the app looks like inside after you order the card, and also my “crypto wallet” after you lock in the initial deposit.
I hope you find this useful, and if you want to give it a shot, just keep in mind these markets are quite volatile, so ONLY do it for fun and to try to get some benefit (hopefully we all will), but keep in mind the value of these crypto coins is not something like having cash.
Meanwhile, have fun enjoying free Spotify Premium!