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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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Crypto.com Australian Virtual Visa Card, Stake $500 CRO for Free Spotify Premium & 0.5% CB with Ruby Steel
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easternculture on 01/11/2021 - 16:44 crypto.com (3905 clicks)
Last edited 03/05/2022 - 10:16 by 1 other user

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 (258)

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

Entertainment Cashback Cryptocurrency Debit Card Music Streaming Prepaid Credit/Debit Card Spotify VISA

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closed Comments

    • Nom on 02/11/2021 - 10:59
      +2

      Then the coins drops to 1c each.

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

      But you also have a CGT loss of $90 now, which you can carry forward to offset the CGT on future profits 👍 So it balances out in the end.

      • tunzafun001 on 02/11/2021 - 11:39

        Only a CGT event if you turf / sell them. Most will hang on and hope for a recovery. If it doesn't happen, tax is paid but you never got anything out of it. Feels like an extra kick when you are already down.

        I guess my point is, staking shouldn't be taxed until and actual gain is realised (ie. You cash it out, or physically use it to buy something).

        • Nom on 02/11/2021 - 15:13
          +1

          Don't worry about it, it is what it is.

          In this particular scenario you've probably got other coins that made you more profits than the tax loss you experienced on this particular coin anyway 👍

          • FredAstair on 05/11/2021 - 23:42

            @Nom: Might be worth looking into the ATO regarding crypto and tax.
            My understanding is that you don’t pay tax on your coins till you’ve earned over $10000 on them.

            • Nom on 23/11/2021 - 21:11
              +1

              @FredAstair: You pay tax if you make $1.
              The $10K personal use asset is not a thing that applies to crypto profits.

              There is no magical $10,000 exemption 👍

    • rektrading on 02/11/2021 - 11:06
      +1

      I've already posted how users can avoid getting hit with capital gains tax on price movements when yield farming.

      https://www.ozbargain.com.au/comment/11277892/redir

      • tunzafun001 on 02/11/2021 - 11:40

        @rektrading But a lot of yield farms are time based aren't they (ie 30 days)? So they automatically pay out.

        • rektrading on 02/11/2021 - 11:47

          Main pools don't end. The same with LP. Keep farming until it's convenient to claim.

          Most of the legit farms are also coded to prevent auto claims to help users avoid getting hit with unnecessary taxes.

          • tunzafun001 on 02/11/2021 - 11:58

            @rektrading: ok, cheers. I'm pooling cake via PCS which is auto compounding indefinitely.. I think. Any others you recommend?
            I do all my staking (ADA, Matic, TRX) on Binance (which is time limited). Might have to reconsider. That being said, i think they offer unlimited defi pooling now as well.

    • FredAstair on 02/11/2021 - 12:10

      A good point.
      Luckily my portfolio is 70% stable coins
      30% shill coins (which most have paid for themselves so far)

      • ozshopp3r on 04/11/2021 - 22:09

        what all coins do you hold ?

        • FredAstair on 05/11/2021 - 22:40

          Actually I have 18 different coins in total.
          Only 3 of them are considered stable coins.
          Too many to list tbh.

          Why¿

          • ozshopp3r on 05/11/2021 - 23:33

            @FredAstair: Just checking out, what all shill coins did u get

            • FredAstair on 06/11/2021 - 01:16

              @ozshopp3r: Ah.
              Tbh I don’t like to promote coins as it’s better to research them yourself.

              Sorry, but if you followed some of the forums I followed they all try to tell you their coin is the best. Why¿ Because they own the coins.

              Another way to put it is that I’ve bought alt coins based on the fact that I got in before the took off
              I’ve bought coins based on what Elon Musk said (when people followed his advice blindly- people are wiser now, so his words don’t influence the same).
              I’ve even bought coins because the were the only one that was based on that particular thing (eg: bought a coin brought out by a sports team).
              I even bought coins early on that were super low price. (I quickly learned that although I owned 1milliin coins of a company I wouldnt get rich quick)
              I bought alt coins off what I saw happening in the candlestick charts.

              But seriously.
              It’s like asking a booke which horse to pick.
              Or a guy who tells you they have a hot tip (he probably got that hot tip off a guy who got that too off another guy who got that too off another guy, etc. Which means that boat has probably already sailed).

              You’ll win some, you’ll loose some.
              You’ll end up with some crap coins that are,so low they’re not even worth the gas to sell.
              Thé. One will surprise you and suddenly go back up to the price you originally bought it at, and you question whether to now sell or hold. Only to have that coin plummet by half before you get around to actually selling it.

              It’s similar to choosing shares from the stock market.
              You read up on the company. Work out what they’re likely to do over time.
              You don’t use emotions to buy them, asn to sell them.

              One thing that is different for me with crypto coins is that with shares people who believe in solar might still buy coal shares.
              Whereas with crypto I tend to buy from companies that I like their goals from.
              Such as ones that are trying to create a system where artists get more back from their work.
              Ones that drop barriers from Like how Bitcoin is making it easier to have the world use one currency.
              To ones that allow people to buy and sell around the world without all the extra hassles, fées,à and limitations that exist currently.

              It’s so individual.
              The main thing is diversity in your portfolio (both in types of coins and other financial things others than crypto coins).
              Only spend what you’re willing to lose.
              Do your homework and be wary of hot tips.
              Keep a good record of what you did (you learn best from your mistakes, and yes, even you will make mistakes p)
              Dont turn into Mr Burns and be checking your coins 24/7
              Don’t tell friends (sometimes even family) that you are investing in crypto coins as there are a lot of misconceptions out there (unless you have broad shoulders)
              .learn how to read a stock market chart (bonus: learn candlestick charting)
              This is a big one: Don’t panic buy or panic sell…..
              And finally, have fun doing it..if it’s not fun then….

  • timdotexe on 02/11/2021 - 11:28
    +1

    Someone needs to update the referral link system for app referral codes and remove/change the reference NOTE: must stake at least 50 MCO for 6 months

  • squarepants on 02/11/2021 - 14:42

    Is there any updated information on their referral program at all?

    The ozbargain referral seems to be outdated as MCO has been phased out?

    • digitalane on 02/11/2021 - 17:44
      +1

      It worked for me - I just used one of the random ones and got US$25 in CRO (119.8 of them)

      • squarepants on 02/11/2021 - 18:35

        Nice! Good to know, cheers.

        Did you have to stake anything to get the USD25 CRO?

        • thewiseone on 02/11/2021 - 20:57

          I had to set up my card and stake to unlock the referral CRO.
          That being said I used the ruby card so many if you apply for the lowest tier you can unlock it without any staking.

  • Horizon7 on 02/11/2021 - 17:11

    Is the Midnight Blue card worth it?? No staking is required and it has 1% cashback

    • tajid on 02/11/2021 - 18:16

      Personally if you are only looking for that 1% cashback then getting hsbc card is arguably better given they do 2% cashback on tap and pay (unless you do a lot of online transactions).

      • FredAstair on 02/11/2021 - 18:49

        I agree with tajid. It wasn't previously available in Australia and tbh. Glad it wasn't. For me it forced me to go Ruby.
        I wish I had more spare cash to have already staked for the Jade (just did that yesterday).

        Living the card benefits,

  • digitalane on 02/11/2021 - 17:44

    How long does it take to Verify address? Not that it really matters for another 179 days, but my CRO stake has gone up 8% since yesterday!!

    • easternculture on 02/11/2021 - 17:59

      makes sense. news that aussies will get crypto card >> more people buy and stake >> price goes up because demand > supply

    • MagicMushroom on 03/11/2021 - 10:32

      Finished within a day for me.

  • FredAstair on 02/11/2021 - 18:47

    One thing I haven't heard anyone post here yet is the ability to get really decent returns on the a RO Coins.
    -From 10%APY on the staked amount (on jade card or higher)
    -Super charger offers for anywhere up from 6% with easy pull out if required. (Have one currently at 8%APY
    -link their defi app and you can lock in higher interests (currency have one locked at 12.40%) these do have restrictions- like 28 day release period when you want to finish that term deposit- so don't lock away your life saving in that I guess).

    And to reiterate:
    They have great deals like spotify and netflix 100% refund (netflix at jade and above)
    Discounts for using booking.com (think it's currently 10%)
    Free airport lounge ($35 entry for free - all you can eat and drink)

    And if you are much richer than pme and can afford the icy white tier you get info on new coin releases before the general public. (In essence you get to buy before the price rises dramatically thus easier to make profits of things like day trading, etc)

    I'm sure there's more but I think you'll get the just of this list (sorry about that rhyming but).

  • samehada on 02/11/2021 - 18:55

    So do you get cashback straight away using virtual card? or do you have to wait for the physical card to arrive?

    • toolatetotheparty on 03/11/2021 - 01:23
      +1

      You get it almost instantly in CRO - atleast that's what happened when I purchased Spotify. If you go to your CRO balance, you'd find the all your transaction including cashbacks.

  • Haters.Inc on 02/11/2021 - 19:08
    +4

    Great card, I actually found it through an OzBargain post about two years ago. I've since upgraded to the Icy White with 5% cashback.

    $7.2k USD in cashback sure beats whatever crappy QFF points you'd get off a credit card these days.

    https://imgur.com/a/IrviWJi

    • Horizon7 on 02/11/2021 - 19:53

      is cashback taxed?

    • isthisreallife22 on 03/11/2021 - 11:13

      $7.2k is that in CRO or fiat? And what have you predominantly spent $ on in order to earn that much?

      • Nom on 03/11/2021 - 11:28
        +2

        $7.2k is that in CRO or fiat?

        It's up to you, if you want to sell the CRO cashback for fiat then you can.
        But there are a zillion ways to invest crypto - there are much higher returns available if you keep the cashback as crypto and do something with it…

        And what have you predominantly spent $ on in order to earn that much?

        You don't get cashback on government spend or financial products (including insurance) - almost everything else is fair game, you can pump most of your household expenditure through the card.

        • isthisreallife22 on 03/11/2021 - 11:40

          How do they know if you spent it on insurance?

          • Nom on 03/11/2021 - 12:01
            +1

            @isthisreallife22: Because everyone who accepts a credit card, has a biller type code.

            And some codes are excluded - there is a list on the crypto.com site, but it basically boils down to government spends and financial products as above.

            Medical bills, groceries, school fees, childcare costs, buy a TV, buy a car - all OK.

    • ozshopp3r on 04/11/2021 - 22:20

      can we make the default currency to AUD, its showing SGD for me.

    • FredAstair on 05/11/2021 - 22:37

      Icy white,
      I’m jealous.
      I just upgraded to jade green

  • G-rig on 02/11/2021 - 19:50
    -1

    I got the crypto.com app ages ago, the $30 referral alright if you got mate's into it. Still haven't done anything with yet.

    I don't mind the alerts on coin fluctuations CRO up a lot today to 30c, but they're relentless with the marketing emails lately will have to turn that crap off.

    Anyway people wanting a card have to stake and won't get the gains, usually doesn't matter with other coins but apparently it’s locked ( off the market). Won't really matter if same price as a year ago.

    Just think all the incentives like free (reimbursed) Netflix etc isn't as good as it sounds if you're paying tax on it too. Easier just using Netflix via turkey. Cash back probably ok if it's not taxed and given as CRO that stays in.

    • FredAstair on 05/11/2021 - 23:19

      Thought I add to your comment here.

      I don't mind the alerts on coin fluctuations CRO up a lot today to 30c,

      Just now up to 45c. For me that’s a 25c increase since I bought the coin in March for 20c. Quite a nice gain for me tbh. Even better for those who bought it when it was 8c.

      Anyway people wanting a card have to stake and won't get the gains, usually doesn't matter with other coins but apparently it’s locked ( off the market). Won't really matter if same price as a year ago.

      Just staked for Jade Green and the $5000 Staked will earn 10%APY. So over 6 months that will equate to over $250 (as its AYP and not APR, and I’m not totally sure how to equate that here).

      Just think all the incentives like free (reimbursed) Netflix etc isn't as good as it sounds if you're paying tax on it too.

      From my understanding, in Australia you won’t pay tax on crypto coins until you hit $10000. Also, the tax is calculated from the sale of coins, swapping coins, and from intérêt received from coins (such as with staking). Someone let me know if this is not correct.

      Easier just using Netflix via turkey. Cash back probably ok if it's not taxed and given as CRO that stays in.

      I believe your comment here is a bit misleading.
      Now if you weren’t already using Netflix and Spotify, then sure.. you might argue that it’s cheaper to use a non legal way to source Netflix. Hell.. you might even find a way to do it from turkey with Crypto.com… Not that I’m advocating that of course.
      Re tax: If I were to give an example of my Spotify rebates. Say I get $12.99 of CRO when it is 20c then I would get a~64 CRO. Now that it’s up to 45c, my 64 CRO are now worth -$28.80. $28.80 with a 30% tax equates to my CRO rebate being worth $~$20. Thus a profit margin of -$7 after tax.

      As I’m now at the stage where ive earned more than $10000 in a calendar year with Crypto.com, I’ll know better how much tax I’ll be July 2022. In the mean time I’ll be earning 10% on my $4000 staked.

      I’ll also be throwing in any of the earned CRO into my DeFi wallet, which I’m currently earning %12.40APY.

      Remember also, that many crypto coin users, whether CEO, Bitcoin, ETH, or even alt coins are utilising sell buy combos, or even just HODLing and looking at this process as a medium to long investment and not an overnight success project.

      Btw.. you forgot to add the Lounge Key access. Yes, I know not everyone would worry about this, but I’m certainly looking forward to sitting in the airport eating and drinking my fill fro zero dollars on my Jade Green Visa card tier.

      I see this negativity daily from people regarding this CDC project.
      I, myself, am now sitting back and wondering how long it will take me to get to the next card tier and getting things like 5% back on m’y spends, higher staking amount percentage, and a plus one on my airport lounge accesses. To name a few.

      Overall, I heavily researched this company before giving them my hard cash.
      SOME of the things that stood out was:
      -What they stood for
      - Low currency exchanges worldwide.
      -Highest level of insurance of any other crypto co.
      -The level of hoops they jump through for compliance sake.
      -The Visa card (of course) with its many perks.
      -The actually ease of buying and selling coins through desktop and their app.

      And other things that stood out above the others.

      Man.. they just released a commercial staring Mat Damon (instead of someone like Kim Kardashian-yes someone used her sadly). Directed by David Fincher’s company.

      I can’t wait this that make their DeFi wallet and Exchange app available in the USA..
      then we’ll see some price changes in their coin value..

      Oh.. and you mentioned something about cash back as ‘CRO that stays in’.
      I’m not exactly sure what that refers to tbh.
      If it means it’s hard to cash out, then, no… that’s incorrect.
      If it’s seen as a way for you to HODL more of their coins so you can stake them for good returns, then yes… and that’s a great thing.

  • digitalane on 03/11/2021 - 01:00

    Anyone know how to register for LoungeKey access in Aus? Doesn't seem to recognise my virtual card number…..

    • FredAstair on 05/11/2021 - 23:23

      I haven’t actually done it yet as I’ve only just applied to upgrade now.

      From the forum i follow, i hear that you need the physical card.
      I’ve also heard workarounds with this using the lounge key app, but I still believe you need to produce a physical card and have $3.25 available on the CROVisa to enter (thus $3.25 is refunded to you though as the entry is free).

      Not sure if this can be done with the virtual card.

      I have heard rumours that once your upgrade is confirmed (no time frame provided but informed it’s quite a rapid process) then you can expect 7-14 days for the physical card to arrive.

      I hope that’s what you were asking.

    • cosmickinect on 07/11/2021 - 23:38

      use this link : https://blog.crypto.com/crypto-com-visa-cards-are-now-availa…
      find the link to signup for loungekey for your respective card.

  • G-rig on 03/11/2021 - 05:39
    -1

    Every day this coin making good gains lately, hard waiting for it you drop too get in lol. Guess it doesn't matter if locking for 6 months if you just put the minimum in to get the card.

    Anyone know if need to show proof of Netflix account and spending or get the full amount credited anyway, using turkey account.

    Anyway I think that and cashback would be taxed.. 28d price protection claims don't seem to be and would use that for most purchases besides consumables.

    Probably still get one as a backup card, have updated my referral in the system may work hopefully

    • isthisreallife22 on 03/11/2021 - 11:14

      I was 28d price protection on nearly everything I buy also and make back significantly more than 2% on that

      • G-rig on 03/11/2021 - 13:56

        Yeah that's fair enough, it's great for certain electronics and PC parts etc, that do reduce in price, saves going to certain places to get stuff just claim against the cheapest

        • isthisreallife22 on 03/11/2021 - 17:46

          It's absolutely best for clothes from big name fashion sellers or department stores as they always reduce them hugely towards the end of each season

    • FredAstair on 05/11/2021 - 23:33

      From what I hear the coin is predicted to hit $1 in 2022 (yeah, I know. Prediction are prédictions).

      One you start using the CROVisa, and start earning the CRO in your account you can stake that in thing like crypto earn, and supercharger. Then when you get enough you download and link the pur DeFi wallet and send them there and stake them at higher percentages. I have one staked at %12.40APY atm.

      If I were to start again with them I’d go hard and stake for at least the Jade Green tier too (I know.. good to be cautious.. I was). Then you get %10APY on your staked amount (sorry, they don’t give you returns on The lower tiers).

      The proof of Netflix . Not sure as have Spotify (no Netflix rebate on Ruby card tier). A good question as I’m planning on telling my sister I’ll pay for her Netflix from now on (financially this would help her being a Victorian).

      Can you fill me in on what 28d price protection is please. Cheers.

      • ozshopp3r on 25/11/2021 - 19:19

        it hit $1.30, now back to $1.25..

        • FredAstair on 25/11/2021 - 19:21
          +1

          Yes it great great right.

          They were predicting $2 by 2023, so best not to delay as this might reach early also.

          • ozshopp3r on 25/11/2021 - 20:03

            @FredAstair: it can easily, get $2 by end of this year

            • G-rig on 25/11/2021 - 20:22

              @ozshopp3r: how would it do that ?
              going in now, would only double ya money at best?
              tempted to stake/upgrade but bit late.. hmm

              • FredAstair on 25/11/2021 - 22:08
                +1

                @G-rig: If you were only considering the increase value of their coin. Not the following:
                -A decent buy of coins (1/2 million becomes 1 million- jokes.. I'd never invest that much in any coin).
                -investing in the most secure crypto group that's not infallible but almost changes the way others think of soft/hard wallet security.
                -continuing to get cashback on your purchaes day in day out.
                -getting some really nice perks.
                -being able to not only stake their coin at decent intérêst rate earns, but many others at decent returns (Eg: USDC-12%, BTC-8.5% (And this is only on the lower tier cards. The earn percentage increases as you go higher)
                -a decent easy to use buy sell portal for a decent amount of crypto coins.
                -percentages back on gift cards.
                -bugger all fees with trades (when using fiât)
                -First Crypto Exchange to Comply With SOC 2 Standards
                -increased coin trade pairs.
                -at the hier tiers you get first hand knowledge of trade stuff, like otcs.
                -and you get a cool shiny metal card.lol

                So, when you say it's too late.
                I'm not sure if I agree with you there tbh.

  • rektrading on 03/11/2021 - 09:30

    Does the 1st of the big four know something that Australians don't know?

    Australia’s largest bank will reportedly allow its customers to buy, sell, and hold bitcoin starting next year.

    Commonwealth Bank’s customer base of 6.5 million people represents over 25% of Australia’s total population.

    It is unclear whether customers will be able to withdraw their bitcoin to an external wallet.
    https://twitter.com/BitcoinMagazine/status/14556450313568296…

    This is game over for nocoiners that are still keeping their savings in fiat money.

    • samehada on 03/11/2021 - 23:11

      And probably with 5% markup, only to rip ppl off.

      • FredAstair on 05/11/2021 - 23:35

        Yes.. probably.
        I’ve heard they have ATMS in Walmart USA that allow you to buy Bitcoin, but are a rip off.
        Thé US stock market will help you buy Bitcoin too, but from what I’ve heard it’s way more expensive that way.

  • digitalane on 03/11/2021 - 09:46
    +1

    Glad i staked when I did (Monday). Up nearly 20%.

    Hopefully it continues to rise as more people come onboard and fingers crossed the US launch provides a big spike too

    Already got my Indigo virtual card, LoungeKey subs and setting up Netflix and Spotify to be paid on it.

    Also have some money in my bank account ahead of a car purchase which arrives early next year so thinking of putting that in TAUD for a few months at 10% interest! (Seems to be zero fees if transferring in via PayID or BPay)

    • popsiee on 03/11/2021 - 10:05
      -2

      You certainly need more people to come to get your pay hehe :)
      If they cant get em watch out out Bud .
      I hope their Marketing Guru is great .

      • rektrading on 03/11/2021 - 10:35

        The CBA will help onboard new customers to this industry.

    • chocohoney on 05/11/2021 - 05:27

      How did you get your LoungeKey sub?

    • FredAstair on 05/11/2021 - 23:38

      Also heard of people buying a car using their CROVisa card.
      Depending on the cost of the car and daily CROVisa limits that’s one hell of a cash back.
      The one I heard of bought a car for about $50000.
      His daily limit was $25000.
      So he asked the dealer to do it as two separate payments, and thus received the cash back.

      Note: not sure of the actual amounts but the theory is still the same.

      • digitalane on 08/11/2021 - 22:48
        +1

        I'm planning to do the same - $95k spread over 4 payments - will get $2,850 back and garage is going to charge me a 1% fee ($950) so nearly $2k up :)

        • FredAstair on 08/11/2021 - 23:01

          Sweet.

          I’m looking forward to being able to upgrade my car, but won’t be for a little while…

          I just pulled $7000 from the app into their DeFi wallet and staked for over %12APY.
          Not sure how to calculate the compounding interest of this but will look forward to it.

          As I keep building CRO With the %3 cash back I’m hoping to make it to the next tier of %5 cash back before I buy the next car.

          Can’t say I’ll be buying a car as expensive as you are, but it’s still going to be nice to get an auto %5 back on its cost without the usual salesman haggling requires for such a discount,

          • JHoliday on 08/11/2021 - 23:50

            @FredAstair: How do you do this to get 12% apy?

            When you unstake don’t you lose your benefits? Or is that $7000 in addition to the funds you already have staked?

            • FredAstair on 09/11/2021 - 07:50
              +1

              @JHoliday: The %12 isn’t in the crypto app. It’s in the DeFi wallet.
              A DeFi wallet is also a good thing to have tbh.

              In the DeFi wallet you can stake certain coins like Cro.
              You choose which place to stake them and thus for which amount of interest you are staking at.
              (This is something worth looking into first to see how best to choose which one to stake with).

              I also don’t put all my eggs in one basket here so to speak.
              I put $3500 in one stake and $3500 in another.
              Nothing in regards to crypto is 100% safe (as same as a bank that is) so a good practice I use.

              Now with this %12 staking here there are certain rules. The main two rules are:
              This percentage is subject to change (as it’s early in the game and it’s this high, even if it dropped a few percentage I’m still winnning).
              To unstake you have to wait 28 days to release your coins.
              (So the golden rule here is to not put in money you may need quickly.. as this is HODL money, this isn’t an issue to me).

              So… in a nut shell.
              -I moved $7000 of my CRO to my DeFi wallet.
              -This cost me around 0.001CRO in fees, or some small amount like that.
              -I staked this amount in one that gave me around %12 in total.
              -I then check these amounts weekly (you can pick your own frequency) and whatever the %12 has made me in interest I then choose whether to unstake this amount (it’s around 70cents, so this isn’t my option atm) and then add this to my initial $3500 investment here (I do this again with my other $3500 amount). Thus now making my investments as now both ~$3500.70. As you can tell, next week the 70c return will be slightly higher.

              Note: the fees vary, so it might be better for me to reduce the frequency of rolling over these amounts. As this is relatively new to me I’ll be experimenting with this and doing some maths to work out the frequency part atm.

              I hope this makes sense from a sleep deprived Dad.

  • isthisreallife22 on 03/11/2021 - 11:29
    +2

    CRO is flying

    • easternculture on 03/11/2021 - 11:34
      +2

      the more is staked, the higher it goes

      lets go boys 🚀🚀🚀

      • gtrain on 03/11/2021 - 16:13

        UFC and 76ers deals should keep building awareness and staking over the next 6-12 months you'd expect. 🚀🚀🚀

        • G-rig on 03/11/2021 - 20:14

          UFC 10y contract isn't it?
          Wish I got in a week or so ago when it was 25c

  • zooter on 03/11/2021 - 12:03

    How does this compare with using credit card that gives points - example Coles Mastercard Platinum? Also, we lose the interest free period (read wait for next paycheck to clear credit card)…has anybody done any comparision to see how it lines up?

    • rektrading on 03/11/2021 - 12:29

      No credit checks.

    • Nom on 03/11/2021 - 12:31
      +1

      How does this compare with using credit card that gives points

      Credit card points are worth some fraction of a percent - no credit card offers points anywhere close to these rates.

      • digitalane on 03/11/2021 - 12:44

        To be fair I can easily get 3-5c value from from an airline point - however I do agree that for many, cash (well CRO at least!) is king!

        • popsiee on 03/11/2021 - 12:47
          -2

          You can `^ ing retire as easy got at .5 of a cent .
          But you can't as only limited biz and 1st class travel you can do where its supposedly at that value .

          • digitalane on 03/11/2021 - 12:51

            @popsiee: Yeah sorry I don’t understand a word your saying. But I travel business class to Europe once or twice a year and my points for those flights save me 10s of thousands.

            I staked for the indigo card to supplement my credit cards but it won’t replace them. They’re too lucrative if you use them effectively

        • FredAstair on 05/11/2021 - 23:52

          For me it’s the HODLing.
          I’ve only invested a small amount in the last 6 months.
          I’ve more than doubled my investment so far and with the recent price increase it’s getting bigger.

          I’m assuming you meant 3-5% in your comment.
          If so, that’s what I’ll be getting from the Jade -Icy tier.
          Along with %10-12APY on my staked amounts.

          • Nom on 06/11/2021 - 11:17

            @FredAstair: Crypto doesn't only go up.

            Prepare yourself mentally for the inevitable crash.

            • rektrading on 06/11/2021 - 11:40

              @Nom: BTFD

            • FredAstair on 08/11/2021 - 23:04

              @Nom: Prepare now as I was when it crashed on the past.

              My portfolio is a decent spread, so as some go down, some come up, and then the ones that went down tend to go back up, etc, etc…

              As long as overall it’s earning me more than investing it the usual ways, I’ll keep doing it.

              I always remember to not get greedy and to not invest what I’m not prepared to lose.

  • aragornelessar on 03/11/2021 - 13:02

    Has anyone had success using St George? I had issues with using the PayID in the St George app and ended up trying to deposit on the web version - now waiting for it to go through (which someone's said could take 24 hrs for the first deposit).

    But also tried to purchase CRO through a St George Visa Debit card and it was declined by the bank apparently.

    • G-rig on 03/11/2021 - 13:58

      Citi didn't let me add a visa debit card, but Pay ID works. Guess they are trying to block the competition.

      Stil waiting for a bit better price/dip to get in, lol
      Always Nice to get more units but may miss out on some growth too. Always a prick to decide..

      • digitalane on 03/11/2021 - 14:14

        Yeah tough call - I would assume as its popularity rises it'll pretty much grow from here with a little bit of fluctuation.

        So we may not see it dip a lot lower than it has been recently - but who knows - I staked to Indigo partly as an experiment and partly for the benefits - so fingers crossed!

    • Nom on 06/11/2021 - 11:26

      Use a modern bank.

      Revolut, 86400, ING, Macquarie, UBank, Up all work fine with no international card fees.

      • digitalane on 08/11/2021 - 22:51

        Shame Revolut doesn't do Osko/PayID yet. But yes I've been using Up to transfer money in to CDC

  • samehada on 03/11/2021 - 22:28
    -4

    Just be careful with this mob, they quote different price on CRO. If you use the stake option and pay with credit card you get the correct rate. But if you buy CRO from the Trade screen in the app, it show 1000CRO by defaut but if you change to higher amount of CRO, i.e >1000CRO the rate showing changed and it is shittier rate. This is dodgy.

    Make sure you check the rate very carefully before buying.

    There is annual topup limit of $300k AUD, so with 3% cashback for Indigo card with $5000AUD staking, you will get max cashback $9000. I don't really see the point with Icy White, the risk is way too high for staking $50k AUD for this coin.

    • samehada on 04/11/2021 - 12:00
      -1

      This is the the price which is different when you change the amount of CRO you want to buy for those idiots that neg my comment.

      The price is $0.34572 when you buy 1000CRO
      https://files.ozbargain.com.au/upload/24969/92076/img_202111…

      and when you change to 10000CRO the price has jumped to $0.347142.
      https://files.ozbargain.com.au/upload/24969/92077/img_202111…

      • FredAstair on 06/11/2021 - 00:07

        It’s a shame that you refer to your fellow ozbargainers as ‘idiots’.

        I can actually see a couple of reasons for your possible downvoted.

        You start by stating ‘just be careful with this mob’ As if they are not to be trusted.

        If you don’t check the price, isn’t that on you¿
        I can’t say I’ve seen what you stated regarding price difference, so can’t comment on it tbh.
        The only input I have is that could this be due to ghe price change when you changed from how to pay¿ was it instantaneous or was there a time frame in between these two images¿

        I do see your point regarding the icy white.. there are many different things to consider with this. One is that this card tier has been around for a very long time. It wasn’t always $50k. Thus why this option was still viable for some.
        Yes.. some say you could lock that same amount away in their Defi wallet for a similar and possibly larger return and only require 28 days to cancel your stake there.

        I guess it depends on who you are, how much money you have or make, and which direction you are going in.
        Imagine those that lock in the hier tier for $500k.. Now that tier doesn’t appear worth it for me.

        FYI: This coin isn’t a fly by night coin, and it’s no Bitcoin.
        It IS now seen by most as a stable coin.

      • Nom on 06/11/2021 - 11:25

        those idiots that neg my comment

        You got negged because you don't understand that market buying means market rates.

        If you want to create your own orders, and set your own prices, then you need to use an exchange.

    • Nom on 06/11/2021 - 11:24

      Er, that's the spread on the market.

      When you buy crypto, you're buying crypto that others are selling.
      And not everyone is selling at the same price.

      So as you change quantity, the price changes too as you encompass more or less sellers into your buy.

      This is how market buying works.

  • Freshie on 04/11/2021 - 10:23
    +1

    finally! been waiting for the Australian cards to release

    • G-rig on 04/11/2021 - 13:14

      Easier than Singapore i guess
      At an all time high thou to get in lol
      People probably won't care if it's just for the card, but nice to try and get decent entry/exits. Always hard though.

      • FredAstair on 06/11/2021 - 00:08

        You do realise that this coin can and is very likely to increase by at least double this right¿

  • G-rig on 05/11/2021 - 00:40
    +1

    FK it's still going up

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