Crypto.com Card – Passive Income Method (Earn Cashback and Compound Interest)

Why the Crypto.com Card? (Overview and Disclaimer)

I'm always hesitant to write about cryptocurrency due to the mountain of disclaimers you must give. This is due to crypto being a volatile asset and the nature being that it can rise in value as well as drop in value. So let it be said this content is not financial advice, but merely for education and entertainment purposes. You are responsible for your own financial decisions.

That being said, cryptocurrency certainly meets the criteria of being a passive income method and therefore a method that deserves a mention.

What is Crypto.com?

Crypto.com is a cryptocurrency exchange app where people can buy and sell cryptocurrency assets. However, their USP is their Visa cards which have been providing people great benefits in the form of earning cashback on purchases (CRO rewards) and generous interest percentages (much more on this later).

crypto.com card

Crypto.com and its currency CRO has been building a lot of steam recently due to Matt Damon recently appearing in advertisements for them as you can see below:

Also in huge recent news, the Staples Centre renaming their stadium to the Crypto.com Arena. This indicates an extreme level of legitimacy and reliability of the company, which is often a dubious sticking point in the crypto space.

Passive Income Without Investment?

Also, I feel comfortable mentioning it as the cashback and interest can actually be achieved without investment, which makes it a very useful tool indeed. But is it a viable way to make passive income? This is what we will explore in this page.

So first, let's take a look at the Crypto.com Metal Visa Cards and all of their benefits below…

Crypto.com Card Tiers and CRO Rewards

crypto.com card

Like other standard debit card issuers, Crypto.com breaks its cards down into tiers – the more crypto you hold in your account, the higher the tier you are assigned to. And, of course, the higher tier you belong to, the greater the rewards you reap. 

This is designed to entice you to hold as much of your crypto in the card as possible to maximize the benefits that you receive. 

The tiers are:

  • Midnight Blue (1% CRO Rewards)
  • Ruby Steel (2% CRO Rewards)
  • Royal Indigo & Jade Green (3% CRO Rewards)
  • Frosted Rose Gold & Icy White (5% CRO rewards)
  • Obsidian (8% CRO Rewards)

The tier is specifically determined by your CRO “stake.” This metric refers to the amount of crypto that you hold in your account (Crypto App Wallet) for a minimum period of six months. 

Accordingly, the CRO stake ranges from $0 (meaning everyone qualifies) for the Midnight Blue card all the way to $400,000 in crypto holdings for the Obsidian card. 

The good news on this front is that many first-time crypto investors simply want to invest in a high-quality asset to hedge against a failing dollar or Euro. This strategy is opposed to frequent trading, which is intended to buy and sell crypto on a regular basis to generate profit from those trades. 

If you're getting into crypto as a long-term investment, putting your money in a Crypto.com wallet can generate significant benefits (in addition to growing your wealth on the back of rising Bitcoin and other cryptocurrencies).

However this page will focus on the benefits of the rewards earned from the card to generate passive income.

Discounts With Popular Vendors (Crypto.com Card Benefits)

crypto.com card
crypto.com card

Crypto.com VISA card holders qualify for the following discounts from popular vendors:

  • Spotify (maximum reimbursement of $12.99 or equivalent currency for monthly subscription fees)
  • Netflix (maximum reimbursement of $13.99 or equivalent currency for monthly subscription fees)
  • Amazon Prime (maximum reimbursement of $12.99 or equivalent currency for monthly subscription fees)
  • Expedia (maximum reimbursement of $50 or equivalent currency for monthly subscription fees)
  • AirBNB (maximum reimbursement of $100 or equivalent currency for monthly subscription fees)
  • Airport lounge access
  • Crypto.com Private*
  • Bonus reward
  • Free merch
  • Private jet partnership

Please note that the discounts/benefits we've listed here depend on the tier. For example, the private jet partnership and AirBNB discounts are only available to “high rollers” in the Obsidian category. Midnight Blue card holders on the bottom rung do not qualify for any of the discounts or benefits offered above.

crypto.com card

 

What Is Crypto.com Private?

Crypto.com Private is a personalized service that offers the following benefits to those who enroll:

  • Priority customer service
  • Industry events access
  • Inheritance service
  • OTC block trades of CRO
  • Research reports

If you want the inside baseball on the rapidly changing world of crypto, or if you just like personalized service and have the cash on hand, then this is what the Crypto.com Private service caters to. It's especially useful if you're dealing with a large amount of crypto, want to spread your investments out across multiple currencies to minimize risk or maximize potential gains, or want hot tips for day trading.

However, this page is mainly focused on the lower tier cards and their potential in generating passive income.

Climbing up the Crypto.com Card Tiers

As you can see from the above tables, naturally the cards that require more initial investment to stake, reap better returns. However, moving up to the higher cards can be something that you progress to over time using each card as a stepping stone.

A great thing about the Crypto.com Metal Visa Cards is it locks in at the price you begin staking at, so if it drops below the required amount, then it is better just to keep it staked until the value rises again. However, if the value rises to an amount that qualifies for the next card category after you have completed the 180 days, you can restake at the higher price point and lock yourself into the next card. Or you can choose to stay in Ruby Steel card for example, then unstake your CRO, skim the profits and restake the $400 again.

crypto.com card

An Example to Explain More Clearly

Let's say you are staked with $400 for the Ruby Steel card, after 180 days, CRO has risen by 1000%, so your CRO is now worth $4000. You then have two options.

A) Restake this amount to climb up to the Jade Green/Royal Indigo category. Your $400 is now $4000 and is earning 10% interest PA, as well as 3% CRO rewards on purchases.

B) Unstake this $4000, skim your profits of $3600, and then restake your $400 to retain your benefits of the Ruby Steel card.

But is this 1000% rise in price example realistic? In the next section, we will look at the price history of CRO.

Price History of CRO (Crypto.com Coin)

So why not just get a regular card and get paid in cold hard Fiat cashback? Well the main appeals of crypto is its notoriously high yield payments compared a normal fiat savings account. Also, what makes it more exciting is its potential to increase in price. This could make these small amounts of cashback potentially 10x in the future.

Let's look at the price history of Crypto.com's CRO currency and compare today's price to exactly one year ago:

crypto.com card
Source: coinmarketcap.com

Last Year (16th November 2020) – $0.06

Today (16th November 2021) – $0.42

This is a 600% increase.

So let's say you had $100 of CRO from buying food with the cashback card back in 2020, you would have $700 at the current price at the time of writing this page.

And CRO is only growing in popularity with the company's constant advertising, so there is a good thesis for this rise in value to continue. However, absolutely nobody is able to accurately predict what will happen in the crypto market, therefore it is best not to assume too boldly that the value is guaranteed to rise over time.

Crypto.com DeFi Wallet and Earning Interest

Earning crypto cashback for buying food is great, but how can make it so that the cashback rewards also produce more CRO themselves? We can do this by staking it in the Crypto.com DeFi Wallet.

What is staking?

When you stake a cryptocurrency, you are delegating it to a validator to be used to help the ecosystem produce more of that currency. You still own it and can retrieve it back anytime you wish, however, you cannot immediately access it. Due to your generosity of delegating your supply to help the ecosystem, you are rewarded with interest payments of more of that currency.

Cryto.com DeFi Wallet Staking

Crypto.com DeFi Wallet is a separate application to the main app. In the world of cryptocurrency, many prefer the security benefits of keeping their crypto stored away in a digital wallet rather than on an exchange.

You can easily transfer your CRO from the Crypto.com app to the DeFi wallet and begin staking it for a return of up to 12.6% PA. (A more detailed guide on doing this is coming soon!)

The Snowball Effect

12.6% interest is an incredibly high rate of return, not just in conventional finance but in the crypto space too.

Not only this, but the rewards from the staking can be claimed and then staked themselves daily – leading to the magical snowball effect of compound interest!

crypto.com card

Cronos Yield Farming with VVS Finance

On the DeFi Wallet there is also the option for yield farming on Crypto.com's low fee and high speed blockchain, Cronos through VVS Finance.

Yield farming is similar to staking but you are staking one currency to farm other currencies, and receive them as interest rather than the same currency.

This can bring such returns as 1000+% APR, which looks too good to be true. That's because the currency that use to farm is much more volatile than something like CRO. And can drop in value quite a lot, thus possibly negating your 1000+% returns.

A more detailed guided on the VVS Finance Yield Farming and staking can be found below:

VVS Finance seems to be just the beginning of many possibilities of getting the best out of your CRO rewards with Crypto.com cards.

Now for the best part…

Now that we have looked at all of the benefits of the cards, the price history of CRO, as well as the potential of staking in the DeFi wallet…the next section will go through hypothetical scenarios with each card, to see what potential passive income earnings could be after a year.

Hypothetical Scenarios with the Crypto.com Card Tiers

Let's dive deeper into the possibilities of earning passive income with the Crypto.com card. First here is an overview of the amount needed to stake in Crypto.com to activate the benefits of the card.

Midnight Blue Crypto Card (1% CRO Rewards) Hypothetical Scenario

crypto.com card

Groceries bought using the card

Let's say you spend $500 per month on groceries using your midnight blue card.

The 1% CRO rewards (cashback) after one year will amount to – $60 of CRO.

Discounts with Popular Vendors

This card does not include CRO rewards for entertainment subscriptions.

Card Stake Interest

This card does not require you to stake to unlock its benefits and therefore does not earn interest.

DeFi Wallet Stake Interest

You could then put this $60 into the Crypto.com DeFi Wallet staking pools to earn around 12.6% interest PA.

This would mean that your grocery purchases are now earning compound interest – without any upfront investment. This interest would give you roughly $7.50.

Theoretical One Year Rise in Value of CRO

Let's use the 600% rise in value from the previous year as an example – $67.50 would become:

$472.50

Note: These figures could also be lower due the volatility of cryptocurrency. Nothing is certain – these numbers are just for fun and to get an idea of how the Crypto.com card works and its possibilities. This is not financial advice and is for education and entertainment purposes only. It is generally good practice to only invest in cryptocurrency what you can afford to lose.

Ruby Steel Crypto Card (2% CRO Rewards) Hypothetical Scenario

Crypto.com Visa Card | 8% Card Spend Reward

Groceries bought using the card

$500 per month on groceries earning 2% CRO Rewards = $120 in CRO

Discounts with Popular Vendors

100% CRO rewards for Spotify Subscription. Let's say this $10 per month, so $120 per year.

Your CRO rewards are now $240 for the year.

Card Stake Interest

This card requires a $400 investment in CRO to be staked for 180 days. This does not earn interest.

DeFi Wallet Stake Interest

This $240 can be staked in the DeFi Wallet earning a possible 12.6% PA interest in CRO. This would create around $30 in CRO. With your CRO now sitting at $270.

Theoretical One Year Rise in Value

Based on the theoretical repeat of a 600% rise in value of CRO – $270 of your CRO rewards would now be worth: $1890.

Your $400 staked for the card would now be worth – $2800. Leaving you with a total CRO value of:

$4690

Note: These figures could also be lower due the volatility of cryptocurrency. Nothing is certain – these numbers are just for fun and to get an idea of how the Crypto.com card works and its possibilities. This is not financial advice and is for education and entertainment purposes only. It is generally good practice to only invest in cryptocurrency what you can afford to lose.

Royal Indigo & Jade Green Crypto Card (3% CRO Rewards) Hypothetical Scenario

Crypto.com Visa Card | 8% Card Spend Reward

Groceries bought using the card

You spend $500 per month on groceries.This is $6000 per year on food.

You use your Jade Green Crypto.com card to buy the groceries earning 3% CRO Rewards.

This amounts to $180 in CRO rewards.

Discounts with Popular Vendors

100% CRO rewards for Spotify and Netflix subscriptions. This is an estimated $240 per year in CRO rewards.

This is a total of $420 per year in CRO rewards so far.

Card Stake Interest

10% stake interest when $4000 of CRO is staked for 180 days. This amounts to $400 in CRO per year and is paid out weekly.

DeFi Wallet Stake Interest

$420 in CRO rewards + $400 in card stake interest = $820.

This $820 could then earn interest in the Crypto.com DeFi wallet at up to 12.6% per year, which would equal around $103.

$820 + $103 = $923

Theoretical One Year Rise in Value

When we apply the theoretical rise in value after a year based on 600% rise of the past year, your CRO value would now be: $6461

Also not to forget the $4000 worth of CRO staked for the card. A 600% rise on this would be – $28,000.

This leads to an accumulated value of all the CRO being:

$34,461

Note: These figures could also be lower due the volatility of cryptocurrency. Nothing is certain – these numbers are just for fun and to get an idea of how the Crypto.com card works and its possibilities. This is not financial advice and is for education and entertainment purposes only. It is generally good practice to only invest in cryptocurrency what you can afford to lose.

Frosted Rose Gold & Icy White Crypto Card (5% CRO rewards) Hypothetical Scenario

crypto.com card

Groceries bought using the card

You spend $500 per month on groceries. This is $6000 per year on food.

You use your Icy White Crypto.com card to buy the groceries earning 5% CRO Rewards.

This amounts to $300 in CRO rewards.

Discounts with Popular Vendors

100% CRO rewards for Amazon Prime, Spotify and Netflix subscriptions. This is an estimated $360 per year in CRO rewards.

This so far amounts to $660 in CRO rewards.

Card Stake Interest

12% stake interest when $40,000 of CRO is staked for 180 days. This amounts to $4800 in CRO per year and is paid out weekly.

DeFi Wallet Stake Interest

$660 in CRO rewards + $4800 in card stake interest = $5,460.

This $5,460 could then earn interest in the Crypto.com DeFi wallet at up to 12.6% per year, which would equal around $688.

$5,520 + $688 = $6208

Theoretical One Year Rise in Value

When we apply the theoretical rise in value after a year based on 600% rise of the past year, your CRO value would now be: $43,456

Let's not forget the $40,000 worth of CRO staked for the card. A 600% rise on this would be – $280,000

Leaving the accumulated CRO amount altogether to be a value of:

$323,456

Note: These figures could also be lower due the volatility of cryptocurrency. Nothing is certain – these numbers are just for fun and to get an idea of how the Crypto.com card works and its possibilities. This is not financial advice and is for education and entertainment purposes only. It is generally good practice to only invest in cryptocurrency what you can afford to lose.

Obsidian Crypto Card (8% CRO Rewards) Hypothetical Scenario

Crypto.com Visa Card | 8% Card Spend Reward

Groceries bought using the card

You spend $500 per month on groceries. This is $6000 per year on food.

You use your Obsidian Crypto.com card to buy the groceries earning 8% CRO Rewards.

This amounts to $480 in CRO rewards.

Discounts with Popular Vendors

100% CRO rewards for Amazon Prime, Spotify and Netflix subscriptions. This is an estimated $360 per year in CRO rewards.

This so far amounts to $840 in CRO rewards.

Card Stake Interest

12% stake interest when $400,000 of CRO is staked for 180 days. This amounts to $48,000 in CRO per year and is paid out weekly.

DeFi Wallet Stake Interest

$840 in CRO rewards + $48,000 in card stake interest = $48,840.

This $48,840 could then earn interest in the Crypto.com DeFi wallet at up to 12.6% per year, which would equal around $6154.

$48,840 + $6154 = $54,994

Theoretical One Year Rise in Value

When we apply the theoretical rise in value after a year based on 600% rise of the past year, your CRO rewards, staking and DeFi interest value would now be:

$384,958

Your initial card stake amount with a 600% rise in value now amounts to – $2,800,000. So your total CRO value is:

$3,184,958

Note: These figures could also be lower due the volatility of cryptocurrency. Nothing is certain – these numbers are just for fun and to get an idea of how the Crypto.com card works and its possibilities. This is not financial advice and is for education and entertainment purposes only. It is generally good practice to only invest in cryptocurrency what you can afford to lose.

Frequently Asked Questions About Crypto.com Visa Cards

Obviously, many newcomers to crypto have a lot of questions about how the crypto.com Visa card works. Here, we explore some of the more common questions and offer brief answers.

What's the way to apply for a Cryto.com card?

First, you need to “stake” crypto on the app for 180 days (that means buying crypto and holding onto it). This requires signing up with the company, performing the KYC (know your customer) verification steps, then buying CRO tokens and depositing them in your crypto wallet. 

You can then visit the “card” tab in the app. There, you can choose which type of card you want, “stake” your CRO tokens, and wait for the package to arrive in the post. In the meantime, you will have use of the ‘virtual card' on your app.

How can cardholders top up their cards?

“Topping up” refers to adding more fiat currency to the card by either converting it from available cryptocurrency in your Crypto.com account or simply using your credit or debit card to add funds to the account for free.

Do this by opening the “card” tab, going to “top up,” and then punching in the info to make the transfer. 

Can I make ATM withdrawals with the Crypto.com card?

Free ATM Withdrawals Every Month

Depending on your tier, all crypto.com VISA card holders qualify for a set amount of free withdrawals (meaning cypto.com does not charge any fees). Here we've listed the free withdrawal limit for each tier:

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

For every withdrawal exceeding the above-designated limits, users will be charged a 2% fee to take their money out of an ATM.

Crypto.com $25 Referral Bonus – How to Receive it

The $25 bonus is unlocked after staking CRO to activate the benefits of the Cryto.com card.

Here are the steps to get the bonus:

  1. Head to Crypto.com through that link or any of the buttons on this page
  2. Submit your email address on the landing page (ensure the referral code is – xbceuerxep
crypto.com

3. After submitting your email, download Crypto.com App on App Store or Google Play

4. Sign up to the app with the same email you submitted

5. Confirm email via Crypto.com App within 72 hours

6. Continue KYC (Know Your Customer) verification by submitting phone number, confirming it and submitting identification documents

7. Once the KYC verification is a success, you will receive email and push notifications for receiving referral bonus

8. See the locked sign-up bonus on the Rewards Page via the main ‘Lion' button on the home screen.

9. $25 bonus will be unlocked once you stake CRO for a Crypto.com Visa Metal Card.

10. Now that you are signed up, you also can share your referral link to start earning unlimited $25 referral rewards with your friends, or as a side-hustle.

$25 Bonus Paid in CRO

Click the button below to head to Crypto.com to sign up for a Visa Card to retrieve the bonus:

Cryptocurrency is a volatile asset that can rise in value as well as drop in value. The contents of this page and website is not financial advice – it is for educational and entertainment purposes only. You are responsible for your own financial decisions.

This article contains affiliate links which provides us with a small commission should you use them and/or make a purchase. This comes at no extra cost to you and is a great way to support the site. For further details on the terms of the site, read more here: Terms.

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3. Passive Income with Crypto Cards

Using a cryptocurrency card to pay for expenses such as food, you will earn cashback in crypto.

This cashback can then begin earning interest and compound over time. Passive income just from buying food? Sign me up!

 

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