Crypto.com Prepaid Visa Card Review

Our Crypto.com Prepaid Visa Card review

The Crypto.com Prepaid Visa Card allows users to load funds via the Crypto.com app and make purchases in their local currency. In the US, Community Federal Savings Bank issues this card. Rewards, paid in CRO (Crypto.com's token), vary according to the Level Up plan a user selects.

In our view it only pays off on a paid or staked Level Up plan: the free Basic plan earns no spending rewards at all. On the higher plans the rates are among the highest we list, but they come with a monthly cap, a subscription or staked CRO, and the price risk of the token.

How the card works

As a prepaid card, funds must be loaded before spending. Crypto cannot be directly loaded onto the card. Instead, it is converted to the card's currency upon topping up from the Crypto Wallet. Alternatively, users can top up from their Cash Account or through a debit or credit card. Membership in Level Up is required to apply, and the plan chosen determines the card type received.

Level Up plans and rewards

Rewards are linked to the Level Up plan rather than the card color:

• Basic (Midnight Blue): free, 0% rewards
• Plus (Ruby Steel): $4.99/month, $49.90 yearly, or $500 in CRO staked for 12 months. 1.5% on the first USD 750 per month
• Pro (Jade Green or Royal Indigo): $29.99/month, $299.90 yearly, or $5,000 in CRO staked for 12 months. 2.5% on the first USD 1,500
• Private (Icy White or Rose Gold): $50,000 in CRO staked for 12 months. 3.5% on the first USD 3,000, then 0.5%
• Private (Obsidian): $500,000 in CRO staked for 12 months. 4.5% on the first USD 5,000, then 1%

Monthly caps are reset on the first day of each calendar month. Rewards appear in CRO in the Crypto Wallet shortly after qualifying purchases. Unstaking CRO or canceling the subscription reverts users to Basic. Bookings through Crypto.com Travel can earn up to 5% on Basic and up to 40% on Obsidian, both paid in CRO.

Certain merchant categories, such as wire transfers, utilities, financial institutions, crypto purchases, securities, insurance, and real estate, do not earn rewards.

Fees

Midnight, Ruby, Jade, and Indigo cards incur a 3% foreign transaction fee on non-USD purchases and ATM withdrawals. Rose, Icy, and Obsidian cards are exempt from this fee. ATM withdrawals incur a 2% fee above the free monthly limit, ranging from US$200 on Midnight to US$1,000 on Obsidian. The physical Midnight card costs US$4.99, while Ruby costs US$29.99 for monthly Plus subscribers with less than 6 months of consecutive subscription.

Topping up via debit card costs 1%, via credit card 2.99%, and through PayPal 2.1%. The card's maximum balance is US$25,000.

Extras

Higher-tier plans offer CRO rebates, such as up to US$13.99 monthly for Spotify and Netflix, and priority support is available on Pro and Private plans. Pro and higher plans include airport lounge access, capped at 2 visits annually for yearly subscribers.

Where you can get it

In the US, the card is available wherever the Crypto.com app functions. Crypto.com issues the card in Europe via Foris MT Limited in Malta, an electronic money institution authorized by the MFSA, in the UK through ForisGFS UK Limited, and in Canada, Australia, and Singapore through respective local issuers. Fees, caps, and plan costs vary by region.

Who it is for

We believe the card is suitable for Crypto.com users who already stake CRO or are willing to subscribe to a Level Up plan, spending up to the monthly limit. It is less suitable on the free plan, for those who prefer rewards not tied to a single token, and for travelers using the lower tiers due to the 3% foreign transaction fee.

For those interested in Crypto.com credit cards, refer to the Crypto.com Visa Signature Credit Card review. For a prepaid card without plans, the Coinbase Card review details a card with no annual or foreign transaction fees, and the Fold Card review details a card offering bitcoin rewards.

For insight into the exchange behind the card, consult our Crypto.com review. To compare all cards, start with our crypto card comparison or the list of crypto debit cards.