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Crypto.com Card Review: Prepaid With Big Crypto Rewards

Review Updated
Lyle Daly
By: Lyle Daly

Our Credit Cards Expert

Nathan Alderman
Check IconFact Checked Nathan Alderman
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

The Crypto.com Card is a unique option for cryptocurrency enthusiasts. It's a prepaid debit card that lets you spend your crypto and earn up to 5% back in crypto rewards. Although this card has quite the list of features, most of those features also require a financial commitment. Discover exactly how it works and find out if you should apply in this Crypto.com Card review.

Crypto.com Card
Rating image, 3.00 out of 5 stars.
3.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 3.00 out of 5 stars.
3.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: N/A

Balance Transfers: N/A

Regular APR

N/A since it's a prepaid card

Rewards Circle with letter I in it. Depends on card tiers: Midnight Blue, 0% back Ruby Steel, 1% back Royal Indigo and Jade Green, 2% back Frosted Rose Gold and Icy White, 3% back Obsidian, 5% back

1% - 5% back

Annual Fee

$0

Welcome Offer

N/A

  • This prepaid debit card has some lucrative perks that are useful for crypto enthusiasts and even those who aren't. But consider that significant funds need to be staked to qualify for the best benefits.

    • Crypto rewards
    • Allows you to spend your crypto
    • No monthly or annual fee
    • Reimbursement with select merchants
    • Airport lounge access
    • Most benefits require staking
    • No sign-up bonus
    • Restrictions on rewards
    • Volatility of crypto

Alternatives to consider

  • If you want to earn cash back: The Wells Fargo Active Cash® Card offers unlimited 2% cash rewards on purchases and doesn't charge an annual fee (see rates and fees). It works well for consumers who don't want to buy and stake any crypto to earn rewards.
  • If you want a big sign-up bonus: The Capital One Venture X Rewards Credit Card (see rates and fees) offers new cardholders a big sign-up bonus. Although this popular travel card has an annual fee, its benefits can more than make up for that.
As of Nov. 27, 2023
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Wells Fargo Active Cash® Card Capital One Venture X Rewards Credit Card
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5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Excellent (740-850)

Excellent (740-850)

Welcome Offer: Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

$200 cash rewards

Welcome Offer: Circle with letter I in it. 75,000 Miles when you spend $4,000 on purchases in the first 3 months from account opening

75,000 Miles

Rewards Program: Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

2% cash rewards

Rewards Program: Circle with letter I in it. Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel. Earn unlimited 2X miles on all other purchases.

2X-10X miles

Intro APR: Circle with letter I in it. 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 15 months from account opening

Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Regular APR:

20.24%, 25.24%, or 29.99% Variable APR

Regular APR:

19.99% - 29.99% (Variable)

Annual Fee: Circle with letter I in it. N/A

$0

Annual Fee:

$395

Highlights:

  • Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
  • Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
  • Earn unlimited 2% cash rewards on purchases.
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
  • $0 annual fee.
  • No categories to track or remember and cash rewards don’t expire as long as your account remains open.
  • Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
  • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.

Highlights:

  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
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Full Crypto.com Card review

This card is a good fit for: Crypto investors who want a variety of useful perks and a high rewards rate. Benefits and rewards depend on how much crypto you stake, so the more you invest, the more you get back.

How the Crypto.com Card works

The Crypto.com Card is a prepaid debit card. To use it, you need to top up the card (load funds onto it) in the Crypto.com app. You can top it up with cryptocurrency or fiat money. If you decide to load fiat money, you can do so with funds you've already deposited to your Crypto.com account or by paying with a debit or credit card. If you use cryptocurrency, it will be converted to fiat money.

Find out more about the exchange behind this card: Crypto.com App Review

There are five different card tiers available. Each tier requires you to stake (lock up) a certain amount of Cronos (CRO), which is the platform's cryptocurrency, for 180 days. Staking means committing your CRO to the Crypto.com platform for that time period. In return, you receive CRO rewards.

LEARN MORE: What Is Staking in Crypto?

Crypto.com Card tiers and features

Here are the Crypto.com Card tiers, their staking requirements, and the amount of crypto rewards they earn per eligible purchase while you're staking crypto:

TIER CRO STAKE CRO REWARDS
Midnight Blue $0 0%
Ruby Steel $400 1% ($25 monthly rewards cap)
Royal Indigo and Jade Green $4,000 2% ($50 monthly rewards cap)
Frosted Rose Gold and Icy White $40,000 3%
Obsidian $400,000 5%
Data source: Crypto.com.

You need to choose a type of card and stake that amount when you apply for a Crypto.com Card. Let's say you want to apply for the Ruby Steel Crypto.com Card. Crypto.com will check that you have at least $400 worth of CRO in your account. Once your card is ready to ship, you'll need to stake the required CRO.

Additional benefits vary by card tier. Here are all the potential benefits and the card tier required for each one:

BENEFIT CARD TIER(S) RESTRICTIONS
Spotify fee reimbursement Ruby Steel (first six months), Royal Indigo/Jade Green (first six months), Frosted Rose Gold/Icy White, Obsidian Up to $13.99 per month
Netflix fee reimbursement Royal Indigo/Jade Green (first six months), Frosted Rose Gold/Icy White, Obsidian Up to $13.99 per month
Amazon Prime fee reimbursement Frosted Rose Gold/Icy White Obsidian Up to $14.99 per month
Expedia reimbursements Frosted Rose Gold/Icy White, Obsidian Up to 10% of each purchase with a $50 limit per month
Airbnb reimbursements Obsidian Up to 10% of each purchase with a $100 limit per month
Priority Pass airport lounge access Royal Indigo/Jade Green, Frosted Rose Gold/Icy White, Obsidian Up to four complimentary visits per calendar year with a Royal Indigo or Jade Green card.
Unlimited access for cardholder and up to one accompanying guest with a Frosted Rose Gold, Icy White, or Obsidian card
Crypto.com Private services Frosted Rose Gold/Icy White, Obsidian N/A
Exclusive merchandise welcome pack Frosted Rose Gold/Icy White, Obsidian N/A
Private jet benefits Obsidian N/A
Free ATM withdrawals All card tiers Between $200 and $1,000 per month based on card tier
Data source: Crypto.com.

After you've staked crypto for 180 days, you can unstake it and keep your card. However, you'll earn a much lower rewards rate and lose most of your card's benefits.

Top perks

You'll find all the notable Crypto.com Card perks below, as well as the card tier you need for each benefit.

Up to 5% back

The Crypto.com Card offers crypto rewards on eligible purchases starting with its Ruby Steel tier. The Midnight Blue tier is the only one that doesn't earn rewards. For a quick recap, here's the amount you earn by card tier while staking crypto:

  • Ruby Steel: 1% ($25 monthly rewards cap)
  • Royal Indigo and Jade Green: 2% ($50 monthly rewards cap)
  • Frosted Rose Gold and Icy White: 3%
  • Obsidian: 5%

A rate of 2% back is competitive with the best rewards cards, so if you stake enough, you can access very high rewards rates with this card. But the lower tiers aren't the best for earning rewards, especially with the monthly rewards caps, which we'll touch on later.

COMPARE MORE OPTIONS: Best Rewards Credit Cards

Allows you to spend your crypto

It's very easy to spend your crypto using a Crypto.com Card. All you need to do is top up your card from the crypto wallet in your account. Keep in mind that cryptocurrency is converted to fiat currency to be loaded onto the card. If you're in the United States, that means when you add crypto funds to your card, they're first converted to U.S. dollars.

As a general rule, it's better to hold cryptocurrency investments for the long haul. We don't recommend making a habit of spending your crypto, because you miss out on potential gains. However, if you occasionally want to use crypto, this prepaid card makes it simple to do so.

Flexible crypto rewards

By default, the Crypto.com Card earns CRO tokens for its purchase rewards. If your card earns 3% back and you make a $100 purchase, you'd get $3 worth of CRO. From there, you have the option of keeping the CRO tokens or converting them to either other types of cryptocurrency or fiat money.

It's nice to have this flexibility with your card's rewards. You can stick to CRO, switch to another cryptocurrency that you like more, or turn your rewards into cash.

RELATED: Best Crypto Credit Cards

No monthly or annual fee

Some prepaid debit cards charge a monthly or annual maintenance fee. The Crypto.com Card has no annual fee, so you can get it without adding to your bills. Note that if you don't use your card for 12 months, there's an inactivity fee of $4.95 per month.

Reimbursement on subscription services

The Crypto.com Card can cover the monthly membership fee for Spotify, Netflix, and Amazon Prime. Monthly fee credits are up to $13.99 for Spotify and Netflix and up to $14.99 for Amazon Prime.

SEE MORE: Best Credit Cards for Streaming Services

Here are the card tiers that offer each benefit while you're staking crypto:

BENEFIT CARD TIER(S)
Spotify fee reimbursement Ruby Steel (first six months), Royal Indigo/Jade Green (first six months), Frosted Rose Gold/Icy White, Obsidian
Netflix fee reimbursement Royal Indigo/Jade Green (first six months), Frosted Rose Gold/Icy White, Obsidian
Amazon Prime fee reimbursement Frosted Rose Gold/Icy White, Obsidian
Data source: Crypto.com.

Expedia and Airbnb credits

Higher card tiers offer monthly spending credits toward Expedia and Airbnb purchases. Credit amounts are 10% of each purchase up to a monthly maximum of $50 for Expedia and $100 for Airbnb.

RELATED: Best Hotel Credit Cards

Here are the card tiers that offer this benefit while you're staking crypto:

Benefit Card tier(s)
Expedia reimbursements Frosted Rose Gold/Icy White, Obsidian
Airbnb reimbursements Obsidian
Data source: Crypto.com.

Airport lounge access

The Crypto.com Card offers airport lounge access through Priority Pass. Here are the tiers that have this benefit:

  • Royal Indigo/Jade Green offer four complimentary lounge visits per calendar year.
  • Frosted Rose Gold/Icy White and Obsidian offer unlimited complimentary visits for the cardholder and one accompanying guest.

Priority Pass offers admission to over 1,300 airport lounges across more than 140 countries, so it has a large network.

RELATED: Best Credit Cards With Airport Lounge Access

Free ATM withdrawals

Every version of the Crypto.com Card includes free ATM withdrawals up to a monthly limit, which depends on the card tier:

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

Additional withdrawals have a 2% fee.

If you travel often, take a look at our picks for the best travel rewards credit cards.

What could be improved

While there's a lot to like about the Crypto.com Card, it also has some issues.

Most benefits require staking

To unlock the most value from a Crypto.com Card, you need to stake CRO. The basic Midnight Blue card doesn't have much in the way of benefits. It's best to at least get the Ruby Steel card, which requires a $400 commitment.

Not only do you need to stake crypto for 180 days, you need to keep it staked to keep most card benefits. This isn't a big deal if you're comfortable staking CRO and understand the price will fluctuate. If you don't want to invest in CRO, then this isn't the card for you. In that case, look at our credit card reviews to find a card that's a better fit.

No sign-up bonus

Many popular credit cards include sign-up bonuses. These offer bonus rewards, either in cash back or points, that new cardholders can earn. There are quite a few bonuses worth $200 or more, and some even top $500 in value.

The Crypto.com Card doesn't have this type of offer. It's worth comparing what kind of bonus you could get from a credit card before going with a Crypto.com Card.

SEE TOP PICKS: Best Sign-Up Bonus Credit Cards

Restrictions on rewards

It's easy to miss, but the terms of this card's rewards program exclude many types of merchants. To give a few examples, you won't earn rewards on any of the following purchases:

  • Utilities services
  • Computer software programs
  • Souvenir and novelty shops
  • Personal or business insurance policies

SEE THE FULL LIST: Restrictions of CRO Rewards Program

It's normal for rewards cards to exclude certain types of transactions, such as money wires. But Crypto.com excludes much more than the norm. That can be frustrating if several of your purchases don't make the cut.

Monthly rewards caps

Another frustrating restriction is the monthly rewards limit with some card tiers. The Ruby Steel card can earn up to $25 in rewards per month, and the Royal Indigo and Jade Green can earn up to $50.

That means you only earn rewards on your first $2,500 per month in eligible purchases with one of these cards. Rewards cards that offer flat rates, like 1% or 2% on purchases, normally offer unlimited rewards. The fact that these versions of the Crypto.com Card don't is disappointing.

Transaction limits

There are limits to how much you can load onto a Crypto.com Card, withdraw, and spend. Limits depend on the card tier and can be found in the "Fees & Limits" section on the Crypto.com app.

For example, the Midnight Blue card has purchase limits of $10,000 per day and $15,000 per month. All Crypto.com Card options have a maximum balance of $25,000.

Volatility of crypto

Cryptocurrencies are notoriously volatile. That includes CRO, the cryptocurrency you'd need to stake for a Crypto.com Card. CRO is also the type of crypto rewards the card earns, although those rewards can easily be converted to other cryptos or cash.

Let's say you buy $4,000 of CRO to get a Crypto.com Card in the Royal Indigo or Jade Green tier. You'd be committing to staking CRO for at least 180 days. After that time is up, it's entirely possible that your $4,000 investment is now worth $8,000 or more. On the other hand, it could also have plummeted to under $1,000 in value.

LEARN MORE: What Is Cryptocurrency?

Prepaid card

Prepaid debit cards like the Crypto.com Card have a couple disadvantages compared to credit cards:

  • You can't build your credit with a prepaid card. If you follow good payment habits with a credit card, it can raise your credit score.
  • You need to load funds onto your prepaid card whenever you want to use it. With a credit card, you can make purchases on credit (up to the card's credit limit) and pay them back later.

LEARN MORE: How Credit Cards Work

To be fair, prepaid cards also have their advantages. You can't get into any debt or hurt your credit score with a prepaid card. But a credit card is much more convenient, since you can use it without needing to load money first.

Replacement and inactivity fees

Crypto.com charges the following fees:

  • $7 to reissue a Midnight Blue card
  • $50 to reissue any other card
  • $4.95 per month after 12 months of inactivity

It also used to charge $50 to get a new card after upgrading, but it has currently waived that fee.

Prepaid cards often charge these kinds of fees, so this is another area where credit cards have an edge. Most credit card issuers will ship you a new card free of charge when yours is lost, stolen, or you upgrade it. They also typically don't charge inactivity fees.

Suggested credit score

There's no minimum credit score to open the Crypto.com Card. Since this is a prepaid card, Crypto.com doesn't check your credit during the application process.

To apply for the Crypto.com Card, you must download the exchange's app and complete its Know Your Customer (KYC) process. Crypto.com's KYC process requires that you submit your full legal name, a picture of your government-issued ID, and a selfie. This is a standard requirement of top cryptocurrency exchanges.

After you've done that, you can get the card in the app. You'll need to choose your preferred card tier, stake the required crypto, and provide your delivery address.

COMPARE OPTIONS: Best Credit Cards

The Crypto.com Card is right for you if:

You're a crypto enthusiast and you're open to staking at least $4,000 of Cronos (CRO) for as long as you have the card.

The Crypto.com Card has many interesting and valuable perks, as well as some notable drawbacks. Overall, it's a good crypto card for those willing to invest in the CRO token, but you need to stake a sizable amount to unlock the best features.

Since this card is so different from most other options, make sure to compare it to the best credit cards before you make your pick. That way, you know what all your options are and can choose the one that fits you most.

RELATED: Best Crypto Staking Platforms

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

FAQs

  • A Crypto.com Card can be worthwhile for crypto enthusiasts willing to stake at least $4,000 in CRO tokens. But there are plenty of credit cards with comparable or better benefits that don't require that kind of financial commitment.

  • The Obsidian Card is the best Crypto.com Card in terms of benefits. It offers the highest rewards rate at 5% and the longest list of features, including spending credits for Spotify, Netflix, and Airbnb. However, it also requires you to lock up $400,000 in CRO tokens.

  • The main draw of a crypto credit card is being able to earn crypto rewards on your purchases. By getting a crypto card, you can increase your cryptocurrency holdings and support the market.

Our Credit Cards Experts