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Are CRYPTO REWARDS Cards Usable in 2022?
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🏦 SoFi Complete Money Management
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📊 Wealthfront Automated Investing
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We've recently seen several financial tools hit the market that are blending the world of cryptocurrencies and real-life banking which sounds cool but are these products actually usable and useful for your average consumer in 2022?
Well the most popular of these products right now would be the crypto.com visa rewards card. Now I have made a full view on this product so if you do want a really in-depth look at how this works then definitely check out that video but today I want to specifically answer the question of whether or not this product and others like it are actually usable in 2022.
The crypto.com visa card actually allows you to stake a certain amount of money in CRO and the amounts vary depending on which teir of this card you were looking to get. And staking is just a fancy way of saying making an investment so if you stake $400 for example to get the Ruby steel card then should you ever decide to get rid of this card, you will get that money back. Now it's important to note that obviously, cryptocurrencies fluctuate in price pretty drastically so in some cases you might get more than your original stake back you might get less than your original stake but nonetheless, this is not like an annual fee on a credit card where you pay it and that money is gone.
With the Ruby steel option which is the lowest staking version of this card, you only have to stake $400 and with that, you're going to get 2% back on all of your purchases and a free Spotify membership each month which is an equivalent of $14.00 per month which is pretty cool. The royal indigo and jade green cards have a $4000 staking requirement which is definitely getting up there and might not be realistic for everyone but that's going to give you 3% back on everything plus 100% back on Spotify and Netflix plus you get airport lounge access through lounge key which gives you access to over 1000 airport lounges.
They do have the frosted rose gold and icy white as well as the Obsidian card which has a $400,000 staking requirements which isn't exactly realistic for your average conumer but you can see here that the benefits that these two options come with are absolutely insane and no credit card even comes close to these right now so if you've got a crazy amount of money and you can afford to stake 400 grand in CRO then, by all means, go for it because 8% back sounds pretty good to me.
So if you can only afford to stake enough for the midnight blue which is $0.00 or Ruby steel cards, then this probably isn't the best option but if you're able to get up to the royal indigo and jade greet cards which again are $4000 staking requirement then I'd say this is definitely worth it but as always I'd love to know what you think of this down in the comment section and which of these five card options you are considering getting.
0:00-Are Crypto Rewards Cards Usable?
1:17-How These Cards Work
2:20-Crypto.com Visa Card Features
4:29-Rewards Card Tiers
7:33-My FINAL Verdict
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