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Crypto.com Australian Virtual Visa Card, Stake $500 CRO for Free Spotify Premium & 0.5% CB with Ruby Steel

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Just got the email that crypto.com now are issuing aussie debt visa cards. The are starting with virtual but will soon have physical cards.

Also stake $500 worth of CRO for free spotify premium and 2% 0.5% Cashback with ruby steel card.

Update 1 May 2022: Cashback for Ruby Steel Card reduced to 0.5% (Was 2%)

Notes:
This card is issued by Foris GFS Australia Pty Ltd, holder of Australian Financial Services License No. 467462 (AFSL) issued by the Australian Securities and Investments Commission and a license from Visa Worldwide Pte Ltd.
Please go to Crypto.‌com Visa Card - Rewards for more details about card benefits and perks.

Referral Links

Referral: random (255)

Both referrer and referee receive US$25 on sign up (NOTE: must stake at least A$500 CRO for 6 months). Turn off adblocker when attempting to obtain a referral link

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closed Comments

    • Wow. I've only been with them since Mar 2021.
      Im jealous.

      But serious. Kudos to you.

  • +4

    Tread carefully with Crypto.com. They are not transparent, do not communicate changes in advance and have left a number of Aussies in the lurch by accepting staking and not issuing cards for around 6 months or so.

    • I couldn’t agree more with this comment, the communication from this company is absolutely horrendous. The platform is not too bad but I now have low expectations from this company. It’s funny though as they are spending millions on advertising and partnerships.

    • Tread carefully?

      Besides this what have they done right versus wrong?

      Also..Do we really know if the issue was in fact with the CDC or the greedy sneaky Australian government?

  • +1

    There are obviously risks in investing in this, but the price of CRO is pretty stable.
    If you can stomach the risk and travel a bit, staking for Royal Indigo/Jade Green gives you access to LoungeKey membership which does not expire when your stake does.
    So, stake for six months after which you can unstake and withdraw the money and keep LoungeKey for life of your card (currently five years).

    • Was just wondering where you pulled the 5 year figure from?

      • I got mine early this month and it’s valid to end of Feb 2027. Just used it first time in Melbourne domestic.

    • This

  • +3

    Please note that you are buying a crypto asset and crypto market is highly volatile. Locking it up for 6 months is even riskier. There's a possibility that the crypto market can crash in next 6 months.
    https://finance.yahoo.com/news/7-biggest-bitcoin-crashes-his…

    This is a Chart CRO compared to BTC and ETH
    https://prnt.sc/1y1hcyp
    It seems other crypto-assets have outperformed CRO?

    Ok but what about the sweet 2% cashback? you can literally make that 500$ back if you spend 25000$ on shopping right? RIGHT?
    Well, technically yes , but have you seen this term they have
    https://prnt.sc/1y1i06g
    They have the right to change this offer at any time!!

    One can argue it won't happen anytime soon. Its still a good deal. That's what I thought 4 months ago. Guess what, Im still waiting for my card. No cashback , No netflix. Can't even take the money out.

    • +4

      Was a early adopter of MCO during ICO. no card nothing at the time. even staking to get the card for over 6months when its still in development with Visa program. made over $100k because of it. when i got my card it took under 24hrs to verify my account and got it with-in 3 days via DHL from SG. This company is legit. most other crypto cards has died in development or scammed their investors.

      CRO is very stable compared to others if people want to invest and make a quick buck invest in likes of BNB ride the wave with larger fluctuations.

    • +4

      I've spent about $20k in the last 3-4months through my card. Made money from staking, the supercharger, spotify rebates for over 1.5 years now, got a bit from a few referrals as well.

      The point of this whole post is that Australians can get virtual card right now, and they will be issuing physical AU cards to people who are waiting. People who already have a SG card (like myself) are at the back of the queue for an AU card which is unfortunate but understandable because I've hit the limit for yearly top ups via fiat ($20k for SG cards vs $300k for AU cards).

      Lots of platforms in crypto have troubles dealing with customers, probably because normal channels are difficult to deal with when a business is affiliated with crypto.

    • It's $500..

      However most people just stake it to get the card, CRO isn't in Binance and wouldn't usually go on it.
      Having said that i probably should have a little while ago when it was down to 25c a week ago but was umming and ahring.
      It's all a yoyo, depends when you get in and out.

      Still not convinced I need the card but wouldn't mind it. Citi debit and 28degrees are great for travel and international purchases, the shopper's protection is well worthwhile (and don't think it counts as income/interest).

    • -1

      Locking it up for 6 months is even riskier. There's a possibility that the crypto market can crash in next 6 months.
      https://finance.yahoo.com/news/7-biggest-bitcoin-crashes-his…

      I do enjoy how pseudo news interpret crypto. But I enjoy how this person interprets it better:
      https://www.reddit.com/r/Bitcoin/comments/iog3dk/when_you_se…

      This is a Chart CRO compared to BTC and ETH
      https://prnt.sc/1y1hcyp
      It seems other crypto-assets have outperformed CRO?

      They said the same about other bug companies. Including Amazon.

      Ok but what about the sweet 2% cashback? you can literally make that 500$ back if you spend 25000$ on shopping right? RIGHT?

      Sure, but over last 8 months my usual spend pattern has netted me over $200 so far.

      One can argue it won't happen anytime soon. Its still a good deal. That's what I thought 4 months ago. Guess what, Im still waiting for my card. No cashback , No netflix. Can't even take the money out.

      So they Ballsed up on the Aussie card for 6 months. Do we even know if it was the fault of them or Australia government?
      Easy to throw blame I guess.

      Btw,. Enjoy your new card and virtual card when it cones soon. It might cheer you up a bit.

  • I’ve been waiting months for this card after staking $500+ no sign of a card.

    Don’t signup if you want anything now.

    • +1

      I have to agree it took plus 6 months to verify. All they said was they were busy and they were inundated with requests.

      • +1

        indeed, it was very frustrating, lucky CRO has being going up substantially since I applied so this makes it slightly more bearable. I finally got my virtual card, so at least some progress, let's see how long the physical card would come

    • +1

      But cards are being issued now, so anyone who signs up now should get a card with a very short delay. Virtual are being offered while you wait for the metal card. Now that the cards are moving again, it should be back to how it was pre-June very shortly.

    • -1

      Very negative. Have you read the other comments yet?

  • People get to worked up with staking, yield farming, capital gains and income taxes.

    Yield farming digital assets are new to the tax office and their rules haven't caught up with technology.

    It's technically impossible to calculate a fluctuating yield with 100% accuracy.

    The easiest way to get the most amount of yield and avoid paying taxes is to not claim the yield. Leave the farm for as long as possible and only claim when it comes time to sell.

    Doing it this way also prevents the user from being overcharged with capital gains when the price moves against the gains between the claim and tax time.

    • Except for the poor billionaires in the US if this taxing of unrealised gains bill goes through. That'll be a nightmare.

  • +5

    If you're interested in this product, there's an Australian community at https://t.me/Cryptocom_AUNZ (official) and https://t.me/AUNZ_Cryptocom_Unofficial (not official).
    Install the Telegram app on your phone, then click those two links to join 👍
    The helpful folks there can answer all your questions.

    • +1

      Is that the best/only place to find FAQ's? It's terribly hard to use - not user friendly at all (worse than Facebook). There's no web or forum based info?

      • Agreed their customer service on the web and support is horrendous.

  • Has anyone got experience of how quick deposits happen on this card? Would I need to plan top ups in advance for it to reflect on the card and be able to purchase something?

    • +2

      You can top up with a card instantly.
      I haven't used the PayID transfer.

      • Do you mean with a credit card or a debit card? Is it considered a purchase or a cash advance if using a credit card?

        • I'm not sure on this one, I used a debit card in case it was considered cash advance.

    • +2

      PayID is almost instant, with the exception of first time which may take up to 24hours depending on the bank funds originate from. Once funds land in the wallet, topping up should be instant into the card (move from fiat wallet onto card balance).

      • For some odd reason my first time payment went through instantly but when I tried topping up, it says 'pending'

        • +1

          The very first deposit you do via PayID is held for manual verification by the crypto.com team. They ensure that the name on your sending bank account matches your crypto account. It usually takes 24 business hours (not processed on weekends) but can at times take a bit longer.

          Once that is out of the way, any additional PayID deposits you do from the same bank account are near instant.

          If you've got AUD in your fiat wallet and are seeing Pending when topping up the card, something else must be wrong. I'd chat to the customer service in app and ask for their help.

  • Is it possible to use this without the app?
    If not, does anyone know if it works under some emulator, e.g. Windows 11 Android subsystem?

    • +2

      Nope.

      App only.

      • +1

        Thanks!

        That's a shame.

  • -7

    negging to raise awareness for all topics discussed in this post

  • +4

    i would like to weigh in that i have the CDC visa debit card since last year and have been very happy with the cashbacks and customer service, it's just a prepaid visa card, that you can conveniently load with crypto.. australian regulators have been at the forefront of this new industry and i would definitely recommend looking into this new form of banking.. risky? don't get me started.. risky is keeping your money in your savings account and seeing it slowly diminish in value.. on the other side Bitcoin has been the best performing asset year on year.. furthermore mainstream adoption is merely a few years away now.. and finally, i got into crypto through ozbargain and started with crypto.com and celsius, up 15x from initial investment so couldn't be happier, only wish i got started earlier, hope this helps someone!

    • Agree 100%

      I wouldn't call a coin that is still slowly increasing in value (like Bitcoin but slower) and that for the Jade tier and above you get 10%APY back on your $4000 staked for the card.
      Also for the fact that without changing my spending habits I've already make more than $200 back from just using the card for any purchase (yes I know banks like HSBC also give you 2% Back- but only for amounts up to $99 purchases).

      Also gives me a simple way to purchase most of the popular coins from their app itself (tried through binance-pancake swap - then to trust wallet, only to find it now hard to sell my coins through this process challenging ).
      CDC app makes it so simple. Then theirs the defi app and exchange app.

      • sorry, newbie here, what's 10%APY ?

        • +1

          Apr is annual percentage rate is 10%, like the interest on your saving account. If you keep $1000 in your account for example after 1 year you get paid $100 interest. There's a very good telegram group for au crypto.com full with helpful people if you like to learn more or check how it's been working for others

      • Good to hear mate, I have to say it for feel a bit like going down the rabbit hole at first.. So many Crypto projects. Looking back now I can definitely say that crypto.com only has decent coins available for purchase in their app. Probably saved me heaps of times from aping into rubbish projects haha. For example binance lists everything regardless if they are genuine projects or not. Plenty of scams going on there. Not to say binance is no good, it's just not that protective as cdc. New users should be aware that money they put in can be worthless tomorrow. Don't put in what you can't afford to lose!

  • For those who have lost a bit of trust with CDC, I staked back in April this year and got my card about May so waited 4-6 weeks. Issued from Singapore.

    • And appears they've sorted out the Australian card now.. So full steam ahead.

  • So to clarify, the free Spotify is basically you stump the fiat payment upfront and they reimburse you usd12.99 a month in CRO? Assume you can jump on any Spotify plan you like?

    • You need to convert the fiat to CRO and lock it away for six months.

      • That’s the staking bit yeah, I think I understood that. Buying CRO and staking it for 6 months to unlock the Spotify reimbursement.

        I was more referring to the ongoing Spotify subscription and subsequent reimbursement.

        • You can then top up the value on the card (as it is prepaid).

          • @gtrain: And over received this payback for spotify since I've received j'y card.

    • +2

      Correct.

      If your plan costs LESS than 12.99USD then you will only be rebated upto the value of your plan.

      All the rebates work the same way.

      • Gotcha thanks.

        So say for example, if I sign up to the Spotify family plan for $18.99/month, that’ll probably guarantee that I’ll get the USD12.99 back in its entirety in CRO, depending on forex obviously.

        Also, on a different topic, with staking to get the benefits. After you’ve staking for that first 6 months period to get the benefits, do you have to keep doing that in 6 months windows to keep getting the benefits? Or will the benefits continue just by leaving the CRO in the account?

        • Or will the benefits continue just by leaving the CRO in the account?

          This. As long as the stake exists, the benefits exist. You don't need to do anything - the 6 month window is simply the minimum stake period.

  • +1

    Get your suits on because things are getting heated up in Q4.

    That life-changing wealth that people have been waiting for 4Y is just around the corner. Get in the right positions now or risk being left behind.

    • Agree

    • Yeah Alt coin season, Always a push in Oct Nov Dec

      • BTC/ETH pump from mid-November to mid-December. Altcoins to pump from Mid December to mid-January. The charts never lie ;)

        • Doesn't really matter if Long term, or if Day trading?

          • @G-rig: Day trading crypto doesn't technically work.

            • @rektrading: No 20$ fee at CommSec, some people are happy to make 2% a day and shut the laptop, not hopes of going gangbusters and getting a Ferrari and a unicorn from 10k

              • +1

                @G-rig: Crypto traders don't get out of bed for 2%.

                • +1

                  @rektrading: No one should get out if bed for less than 6% on investment.

                  Otherwise your financially chasing your tail.

                • @rektrading: 2% per day is alright, obviously the more the better but there's a fine balance and it's more like gambling half the time.

                  • @G-rig: A 2% price move in crypto happens in a blink of an eye. Nobody is going to risk getting stuck in a $10,000 trade to try and make $200 p/d. The price can be on a downtrend and they'll spend the next 5 days waiting for it to come back up.

                    • @rektrading: Yes it's not easy and can lose out on the gains. That was just an example amount, obviously the swings are a lot more than shares etc. The long term approach is probably the easiest, but surely there is money to be made to climb up and improve the price of the coins.

                      I paid too much for most of mine and has taken ages just to get back up to square and into a bit of profit. Some dogs still never getting back to square (1 inch, theta, grt, link) even though seem to be doing a bit better now. Would like to improve the price for them for but probably just have to keep and not bother selling for a loss. Just annoying following too many and shit just forcus on 5 or something.

                      Still missing out on CRO mulling over it as each day goes and now it's over 50c. Likely to drop a bit, bit hard buying in when it's a record high.

            • @rektrading: What are all the red and green bars, people are buying and selling all the time, not so unbelievable?

            • @rektrading: Curious.
              Why¿

  • -1

    Only cryptocurrency can save people’s souls

    Did anyone buy the Squid Game crypto?

    • Where can I buy it

      • Taking "Buy the dip" to all new levels.

    • Evergrow EGC was a easy 800% .
      Key is to get off the sinking ship correctly .

      • I only spotted that one yesterday. Mind you I wasn't paying attention. Where do you get your info from to see these coins before it's too late?

  • Applied for this in June and there has been no progress on the application. Checked again this morning and the app asked me to confirm T&Cs and name, so it looks like there is finally progress.

    • Yes. I believe this was because they find got Australia governments to get on board.

      I recall the time it took for people in Australia to be able to buy music of apple in Australia.
      Long after many other countries able to do it.
      Some said this was due to Australia loosing out financially.
      I called it greed.

  • Hey, quick question. Where do people buy their crypto coins? Is it from an app like this is some other way. Thanks

    • +1

      You can buy them from this very app 👍

      • +1

        If you enjoy the risk of where the ponzi like scheme is going to collapse .
        I'd research hard wallets for any significant investment .

        • +1

          You know you hear this kind of speak everywhere.

          Usually from people who don't understand it enough or from those who are likely to lose from its implementation.

          Been using it from March and to have doubled my investment and beyond so far, even if it's a ponzie scheme in which you claim, then myself and others are all making lots of money off it.
          Whereas the only people who aren't aren't the ones who either don't research the coins they buy or haven't bought and coins tbh.

        • +1

          If you want the payouts then you need to accept the risk.

          If you think this risk is too high, then this isn't the deal for you - invest in something else.

          • +1

            @Nom: Bingo..

            Cheers to the CRO coin going to $0.31 today.
            The little bugger is slow,mbut keeps on climbing.

            • @FredAstair: You'd have to invest more than the minimum staked (for the Metal card criteria) to experience the market gains wouldn't you? Ie what they call soft staking is normal staking on binance isn't it, and staking for the rewards doesn't get the market movement prices?

              • +1

                @G-rig: No, stake still picks up the gains.
                If your stake doubles over the next 3 years, then you decide to leave, you've doubled your investment.
                You might also lose all your investment…

                • @Nom: Yeah I guess just start with the minimum for 6 months to get whichever card, and keep an eye on it. Can always put additional in but probably better gainers. this hasn't done anything for 6 months but starting to

                  • @G-rig: This was me 6 months ago.

                    I just staked for the Jade Green Yesterday.

  • +1

    Love this crypto visa card and coin buying platform.

    Been using it since March and just upgraded to the Jade.

    Look out free airport lounge access…here I come.

    • -1

      Its my second post of my upcoming IPO FTF ( FleeceTheFish )
      You seem like a likely customer .

    • What lounges can you use it in? Qantas domestic and international? Dubai?

      • Not sure yet.

        I think the Qantas one is separate.

      • +2

        It uses the LoungeKey system - check out their site for the list.

        • Has a look at the site, only lists a few cafes in the domestic and international terminal.
          Maybe I'm missing something unless you get free coffee? Was expecting something like Qantas or Virgin lounge?

          • +1

            @G-rig: You get $36 worth of spend at the nominated bars/cafes in Australia, 2x$36 if you are Icy/Rose Gold tier

            • @Attaca: Thanks, that's not bad then :)

              Just trying to see if you leave an amount staked whether you get the market fluctuations (ups/downs) or basically locked?
              most people may put more than the minimum in, but 4k sitting there is still a bit (but money you wouldn't spend at least).

              • +2

                @G-rig: It doesn't matter what happens to the market once you have staked - when you're in, you're in. You don't need to add more if the value drops - the market fluctuations don't affect anything until the point when you want to leave the ecosystem !

                • +1

                  @Nom: Yep ok, someone was telling me furphies - thought it was different as it's locked for rewards, but took a while to work out it's no different to any other staking (in binance etc)

        • Please can you help with more info?

          If I go to https://www.loungekey.com/ I can't really see much as I don't yet have an account.

          Does this actually let you INTO lounges, if so which ones? Or does it only give you $36 worth to spend at cafes/restaurants at the aiport? If so, which ones?

          Edit: Found some more info here, makes a bit more sense now

          https://www.loungekey.com/en/cryptocomapac/our-lounges

          • +1

            @JHoliday: You can access any lounge or restaurant on the LoungeKey network an unlimited number of times. This could mean visiting multiple lounges and/or restaurants in one day as long as you have enough for the pre-authorisation charge.

            Not sure what the specific timing is if you want to visit the same restaurant again – some say 2 hours from initial swipe or 24-hour rule depending on the restaurant – I haven't been able to confirm myself. Don't think there is a time restriction for lounges though.

            • @76F: Not quite right. In Melbourne there’s 2 in domestic, 4-5 for international. The international ones look better.

              • @wfdTamar: Did you reply to the right comment?

                • @76F: Sorry no. The link isn't clear on a small device.

                  Another question - can you use it after flight has landed?

                  • @wfdTamar: You should be able to, judging from posts on the Telegram. Might also depend on the staff member you get as they might request an outbound boarding pass but this seems rare.

          • @JHoliday: in some airports where there are no lounges, they have agreements with some cafes that will provide you a certain amount of credit to spend included as part of your membership.

  • Don't you just love that you need to pay tax on staking rewards…but if the coin crashes, you just paid tax on nothing.

    Ie 1000 coins @ $1 each staked at 10%>

    $1000 @ 10% = $100 at your taxable rate, say 35% = $35

    Then the coins drops to 1c each.

    You hold $10 worth of coins and just paid $35 in taxes.

    I don't think share DRP (dividend Reinvestment Programs) work this way?

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