Crypto.com Credit Card Review (Feb 2023)

January 22, 2023
Reviews

The Crypto.com Credit Card is a crypto credit card that functions like a debit card. Your Crypto.com Credit Card is automatically linked to your Crypto.com wallet, and you can make purchases anywhere – even if crypto isn't an accepted form of payment; the Crypto.com Credit Card automatically exchanges your crypto for a fiat currency accepted at the point of purchase.

Depending on the tier of your Crypto.com Credit Card you can get up to 5% crypto back on qualifying purchases. This card doesn't have an annual fee and offers flexible options to redeem your rewards, plus you can use it to withdraw cash from ATMs worldwide – with no extra fees.

What Is The Crypto.com Credit Card?

Crypto.com credit cards are prepaid debit cards for crypto. With this card, you can earn crypto back – like cash back but for crypto – depending on the tier of your card, which is determined by how many CRO tokens you're holding in your wallet. Crypto back rates range from 1%-5%.

Crypto.com is a Singaporean cryptocurrency exchange that was founded in 2016 and has more than 50 million monthly users worldwide. Crypto.com’s cards use the Visa credit card network and are accepted in more than 180 countries. The five tiers of Crypto.com credit cards are: Obsidian, Frosted Rose Gold & Icy White, Royal Indigo & Jade Green, Ruby Steel, and Midnight Blue. 

Crypto.com Credit Card Features

#1 5% Crypto Back

Crypto.com credit cards have various tiers, and the highest is the Obsidian. This tier level earns 5% CRO back from eligible purchases. CRO is Crypto.com’s token and can be used or exchanged for tokens or other fiat currencies. Here are the tier levels and the CRO crypto back you can get from each:

  • Obsidian Tier: 5%
  • Frosted Rose Gold & Icy White Tier: 3%
  • Royal Indigo & Jade Green Tier: 2%
  • Ruby Steel Tier: 1%
  • Midnight Blue Tier: 0%

#2 Get Flexible Crypto Rewards

You can convert the CRO tokens provided by Crypto.com into other cryptocurrencies or even fiat money. You can also keep the CRO tokens you earned as it is. The tokens are flexible regardless of how you will use them. 

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#3 No Annual Fees

Crypto.com credit cards don’t have annual fees. Similar to other debit cards, it will only charge you additional fees or penalties. Inactivity of these cards for the whole year may charge you $4.95 monthly.

#4 Top Up And Use Your Crypto

To use Crypto.com’s cards, you must top up with crypto from your crypto wallet. The Crypto.com credit card works like a regular debit card; it automatically sells some of your crypto assets when you're making a purchase and exchanges it for a fiat currency that the vendor accepts.

#5 You Can Withdraw Through ATMs For Free 

Crpto.com’s cards allow cardholders to withdraw through ATMs without fees being applied. However, each of the card tiers has a different monthly limit. The following are the limits:

  • Obsidian: $1,000
  • Frosted Rose Gold & Icy White: $1,000
  • Royal Indigo & Jade Green: $800
  • Ruby Steel: $400
  • Midnight Blue: $200

#7 Access Airport Lounges

Crypto.com’s cardholders are offered free LoungeKey benefits. This feature is only available to three tiers: the Obsidian, Frosted Rose Gold & Icy White, and Royal Indigo & Jade Green. You can access over 500 premium airport lounges in various cities worldwide. 

Pros & Cons Of Crypto.com Credit Card

Pros

  • No annual fee
  • Cardholders can withdraw through ATMs for free
  • LoungeKey benefits to access premium airport lounges
  • Various reimbursement to participating merchants
  • Flexible crypto rewards and conversion
  • Earn up to 5% CRO from eligible purchases

Cons

  • No welcome bonus
  • Need high staking for higher card tiers

Pricing

The pricing for each of the Crypto.com cards varies to their tiers. To know some of the fees, check out the table below:

FeesRate/Cost
Annual fee$0/year
Top-Up0% for debit 
2.99% for credit
2.1% for Paypal
ATM Withdrawal (exceeding the monthly limit)2%
Inactivity Fee (for one year)$4.95
Card Reissue$7 for Midnight Blue
$50 for other cards

In Summary

The Crypto.com Credit Card is a crypto credit card that functions like a debit card. Your Crypto.com Credit Card is automatically linked to your Crypto.com wallet, and you can make purchases anywhere – even if crypto isn't an accepted form of payment; the Crypto.com Credit Card automatically exchanges your crypto for a fiat currency accepted at the point of purchase.

Depending on the tier of your Crypto.com Credit Card you can get up to 5% crypto back on qualifying purchases. This card doesn't have an annual fee and offers flexible options to redeem your rewards, plus you can use it to withdraw cash from ATMs worldwide – with no extra fees.

Crypto.com Credit Card FAQs

How much does the Crypto.com credit card cost?

A Crypto.com Credit Card has no annual fees. It only charges cardholders for a top-up for credit which is 2.99%, PayPal for 2.1%, and an inactivity fee of $4.95. Keep in mind each tier of Crypto.com credit card may have slightly different fees.

Is the Crypto.com credit card worth it?

Yes, the Crypto.com Credit Card is worth it if you are an avid participant in the crypto world.

Is The Crypto.com Credit Card Safe?

Yes, the Crypto.com Credit Card is safe. So far, there have been no reports of fraudulent activities using the cards.

Is the Crypto.com credit card legit?

Yes, the Crypto.com Credit Card is legit. Crypto.com has millions of customers worldwide. The cards are currently used in various countries, including Canada.

Is it a good idea to buy crypto with a credit card?

Technically, buying crypto with a credit card is not a good idea because the bank and the exchange company are deemed to charge you. Exchange fees are relatively expensive, which can be equated to up to 5% interest on credit cards.

Is the Crypto.com card a credit card?

No, the Crypto.com cards are not credit cards but prepaid cards. It is closer to debit cards, but you can only top-up these cards through bank transfers, cryptocurrencies, debit cards, or credit cards.

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