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

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 (257)

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

29 May 2023 3:26pm

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closed Comments

- Nom on 03/12/2021 - 15:16
  
  +1
  
  No
  Yes
  No
  
  in that order.
  
  https://help.crypto.com/en/articles/4597450-restriction-of-c…
  - idjces on 03/12/2021 - 15:20
    
    Perfect, thanks!
    - aboutconfig on 03/12/2021 - 16:04
      
      +1
      
      I bought software license paid via PayPal and still got CRO rewards, so maybe paypal is different
      - Nom on 03/12/2021 - 16:07
        
        @aboutconfig: It also depends what category code your biller is actually using - you only won't get cashback if they're using the exact category code that's on the blacklist…
Toothfairy0412 on 03/12/2021 - 15:39

has anyone recieved their physical card. yet recieved an emails aying it was shipped out a week ago. still hasn't arrived yet
- iNeedMoreMoney on 03/12/2021 - 15:55
  
  havent received yet. also still waiting for my 2000 bucks refund which seems to have disappeared. Its been 2 weeks
  - aboutconfig on 03/12/2021 - 16:05
    
    +1
    
    holiday season takes time guess
- bogstation on 03/12/2021 - 18:11
  
  I received mine a few days ago.
  - bobwokeup on 03/12/2021 - 21:50
    
    The closer to Melbourne you are the sooner you’ll get it I reckon.
G-rig on 04/12/2021 - 16:40

Tanking.. Prices down across the board, hmm
- bobwokeup on 04/12/2021 - 16:48
  
  Time to buy.
  - G-rig on 04/12/2021 - 17:05
    
    Was thinking that perhaps
  - popsiee on 04/12/2021 - 21:15
    
    -1
    
    What is my comment on the 30th of Nov again lol :)
    Its well and truly on track .
JHoliday on 04/12/2021 - 16:46

With the $36 Lounge Pass credit, do you have to spend with your Visa card and then get reimbursed? Or do they give you a voucher to use for that amount once you present your card at the cafe/restaurant?

Would you be able to use the credit and visit the lounge on the same day?
- 76F on 04/12/2021 - 18:13
  
  +1
  
  You present your card at the beginning and as long as you spend less than AUD$36 per person, there won't be any charge.
  
  You can go to as many restaurants and lounges as you want in one day.
  
  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.
  
  Read more: https://help.crypto.com/en/articles/2464429-loungekey-airpor…
G-rig on 09/12/2021 - 11:04

These physical cards are taking ages. Apparently they can re-send if you 'don't receive it' after five weeks. May just ask again see if they can send out the Jade one then.
Munificent on 11/12/2021 - 14:54

Has anyone received the Australian Jade physical card yet?
- bobwokeup on 11/12/2021 - 15:29
  
  I think a few have, anyone in Melbourne should have their card and then those further away will take a week or 2 more.
- reubenb87 on 11/12/2021 - 20:20
  
  On Reddit most say that it's about 15 business days from when it says shipped
- G-rig on 12/12/2021 - 12:07
  
  Still don't even have the Ruby one
  Another $70 is bloody rude when you're staking$5knfor six months with them
  Online purchases don't even work with the virtual card, the two times I've tried. Useless crap
  - Munificent on 12/12/2021 - 13:10
    
    +1
    
    I’ve been able to use the virtual card ok so far. There’s some places which don’t let you pay with prepaid visa but most places have worked for me.
    
    Just check that you have enough funds in the card and also if you’re buying from online, enable the international purchase option in the app
    - G-rig on 12/12/2021 - 14:42
      
      yes, International on, and enough funds
      I would have thought Myer would be ok
Partake0486 on 12/12/2021 - 18:55

I'm new to crypto and signed up for this a few weeks ago - got my ruby card a couple days ago. Looking to use this to hold BTC (about 5% of my portfolio) and TAUD (use to top up card) - both of these i'd just be putting in Earn. Any CRO I earn would be turned into BTC/TAUD depending on fees. Does this make sense or is there a cheaper platform for buying BTC? Just liked the convenience of keeping it altogether.
- G-rig on 12/12/2021 - 19:31
  
  What's the advantage of taud, more pairing options? Can't even find it in the app or in binance
JHoliday on 12/12/2021 - 22:59

Anyone else get charged USD$1 to active Loungekey and not have this refunded? It was processed back on 4th Dec, would have expected it to be reversed or for the charge to drop off but it has actually posted and the amount is missing from my account. Put in $20 AUD now shows $18.57 AUD after the $USD$1 Loungekey charge.
- bobwokeup on 12/12/2021 - 23:06
  
  I got charged that too and asked support. They advised it will be reimbursed but as always with CDC it could take a while.
- powerinnumbers on 01/02/2022 - 08:36
  
  I have a number of $1 charges from the likes of Telstra. Looks like I have to fight to get them back.
  - G-rig on 01/02/2022 - 11:18
    
    Binge? Even if it's a Buck for the trial is reasonable
DooDah on 13/12/2021 - 08:41

Can anyone give me a little run down (or point me in the direction) of the tax implications of using this card? And also on the implications when you are rebated CRO for Spotify etc..
- SharkBait on 13/12/2021 - 12:12
  
  +2
  
  https://help.crypto.com/en/articles/5483768-tax-rules-in-aus…
  - DooDah on 13/12/2021 - 12:41
    
    Thank you.
    
    So for the purposes of loading and using the card with FIAT funds there is no tax implacations?
    
    However, the tax implication occurs at the time you dispose of the CRO earned via the cashback?
    - aboutconfig on 13/12/2021 - 12:59
      
      +1
      
      No longer at the dispose time. Now as soon as you earn it, its your gain, a tax event
      - DooDah on 13/12/2021 - 13:01
        
        @aboutconfig: I see. Well in that case, once the CRO earnt from rewards is disposed there would be no tax implications given that you would calculated the tax based on the value at the time of time of earning?
    - rektrading on 13/12/2021 - 14:36
      
      There is tax on cashback.
      
      People that keep saying taxes on cashback "Thanks for your donation".
      - rektrading on 13/12/2021 - 22:58
        
        @rektrading: EDIT
        
        There is NO tax on cashback.
        
        G-rig on 14/12/2021 - 01:42
        
        +3
        
        @rektrading: I'm not paying tax on cashbacks
        I also bet nobody would for flybuys and all the other programs.
        
        Is it better to get cashback in AUD or CRO?
        Is refund currency option I assume.
    - idjces on 13/12/2021 - 22:33
      
      +2
      
      My understanding, was the same as the article linked by SharkBait
      
      "The received coin/token from rebates is not taxable at the time of receipt. However, they are subject to capital gains/losses at dispositions"
      
      If you sell the tokens as soon as you get them, your CG should be close to zero.
      - G-rig on 14/12/2021 - 07:35
        
        @idjces: Cashback in AUD shouldn't attract anything though?
        Guess will sort it out at tax time with Koinly.
        
        Still don't have heaps of faith in cryptos in general, some people will make heaps, most may lose money. Guess will stick with the long term approach (ie hold at least for a year), but it's mostly a yo-yo, and lucky to keep the balance up to what I've put in. Paying too high buy prices in the past haven't helped but good to buy more of a few when they are cheap. Just need a few outsiders that go off but by the time you hear about them it's usually too late.
    - Bluey123 on 29/12/2021 - 19:54
      
      If i use the CROs for Coles gift cards etc do you still need to pay tax on this since its for goods? it would be similar to switching points to gift cards?
      
      EDIT: it appears it does according to the link. Doesn't seem as attractive then if I get taxed, I'd rather just get 2% back from HSBC card (tax free) and then anything that I can't use my HSBC card for then use this CRO card but not sure if it's worth the trouble of trying to figure out all the tax implications and reports etc
      - bobwokeup on 29/12/2021 - 20:13
        
        @Bluey123: We shouldn’t get taxed as there is no tax on frequent flyer points for example.
        
        G-rig on 30/12/2021 - 07:40
        
        @bobwokeup: Yes don't worry about that, no tax on flybuys, everyday rewards and other cashbacks
        
        Nom on 30/12/2021 - 08:57
        
        @G-rig: Please speak to your accountant before making incorrect assertions - there is absolutely capital gains tax to pay when you eventually sell the cashback CRO !
        
        G-rig on 30/12/2021 - 10:14
        
        @Nom: Yeah just don't sell it.
        Koinly is a good tool come tax time.
        
        So what about everyday rewards, flybuys, 28 degrees price protection claims? Certainly not claiming them.
        
        Nom on 30/12/2021 - 10:41
        
        @G-rig:
        
        Yeah just don't sell it.
        
        If you're never ever going to sell, then you aren't going to be able to make much money from your crypto investments 😁
        
        So what about everyday rewards, flybuys
        
        What about them ?
        They're treated exactly the same - not taxable income at the time of receipt 👍
        
        G-rig on 30/12/2021 - 11:07
        
        @Nom: Ha I should say, long-term for now
        Some wins will cancel out other small losses when the time comes if want to get out of any. It's all a yoyo anyway so we'll see.
        
        Anyway good to hold stuff for a year for a 50% CGT reduction, time in the market is good.
        
        G-rig on 03/01/2022 - 12:07
        
        @Nom: Just thinking about your comment again
        
        They're treated exactly the same - not taxable income at the time of receipt 👍
        
        With that logic if you converted the cashback in CRO to AUD straight away you wouldn't be eligible for CGT right? The fact that they are low-ish amounts, factor in fees and potential missed compounding CRO then I can't imagine anyone would, just testing the theory.
        Agoda dollars are another example, no one would claim those on tax.
MachineEarning on 13/12/2021 - 16:54

I've received my CRO Visa today after applying for it a few weeks ago. CRO seem to exclude several merchant categories from the cashback as per https://help.crypto.com/en/articles/4597450-restriction-of-c…. I'm wondering if anyone has had experience with what merchants aren't compatible with the CRO cashback (eg Woolies/Myer gift cards online/instore). It may be trial and error otherwise. From my experience:

No rebate paid:
- AGL

CRO rebate paid
+ Spotify Family
- tajid on 14/12/2021 - 13:39
  
  All insurance providers so far are excluded.
JHoliday on 13/12/2021 - 23:37

Revived my card today in Brisbane and so did my mate on the Gold Coast.
bobwokeup on 14/12/2021 - 12:40

Finally received my card as well but I don’t carry a wallet so it’s not much good for me ha ha bring on Apple Pay… I might be waiting a while!!
G-rig on 20/12/2021 - 07:47

Cro not going so well but none of the coins are really lol
Doesn't seem to drop much below 73c so here's hoping.
Not sure who said will go to $2 lol, maybe in 10y.

Has anyone confirmed cashback on things like utilities payments, rents, mobile/phone bills etc?
The list states a few exclusions, not exactly that explicit but insurances etc aren't covered.
- tajid on 20/12/2021 - 16:45
  
  internet bill yes, no on other utilities.
  - G-rig on 20/12/2021 - 16:48
    
    Ta
- Kedd on 26/12/2021 - 09:54
  
  +1
  
  Received for Superloop and Belong. Not for WinConnect or South East Water.
  - bobwokeup on 26/12/2021 - 14:08
    
    Cheers for that. Is gas considered a utility? They aren’t government entities so is utilities just water and electricity?
    - Kedd on 26/12/2021 - 16:25
      
      It just depends what the provider's billing code is as classified by Visa. My gas is provided as part of an embedded network through WinConnect, so I definitely don't get "CRO-back" on gas.
      - bobwokeup on 30/12/2021 - 10:05
        
        @Kedd: So if I ask the gas company for the billing code will they give it to me?
        
        Kedd on 30/12/2021 - 10:12
        
        @bobwokeup: I just paid once with the card to confirm. Much more definitive of an answer. You could try partially paying your bill with the card.
        
        bobwokeup on 31/12/2021 - 00:50
        
        @Kedd: That’s a great idea.
- reubenb87 on 27/12/2021 - 09:10
  
  I bought a phone in Telstra store and didn't get any cashback, so even the whole store must be treated like a bill.
bobwokeup on 20/12/2021 - 17:18

Paid for camping today on one of the RAC parks and wasn’t sure if I’d get CRO back as they mainly do insurance but it worked.
idjces on 23/12/2021 - 21:52

Shiny new card showed up :)

Is there any method that would allow us to add the card to a mobile pay app, like Google Pay, Samsung Pay?

Or any creative workarounds? I haven't delved into whether we can use foreign services like Curve
- G-rig on 24/12/2021 - 03:53
  
  Not supported in Aus yet
Yuppieshrink on 26/12/2021 - 18:55

So my new card was frozen today with no explanation

The support page says they’ll respond in average 20 minutes

For me it’s been over 10 hours

I wanted to use the card for the Boxing Day sakes and my Netflix was due today so I had to pay using another card, so I’ve missed that benefit

Not good
aldoboy on 27/12/2021 - 12:08

How to change card base currency from SGD to AUD? When I signed up there was no AUD card. Also, how do I upgrade from Ruby to Jade?
- reubenb87 on 27/12/2021 - 19:00
  
  Have to hit up support in the app, might take a bit of time for them to get back to you
- tajid on 30/12/2021 - 21:47
  
  +1
  
  Ruby to Jade - go to Crypto Wallet, there should be an option to Upgrade.
  
  Re SGD to AUD, AFAIK SGD card users aren't getting the AUD cards for now. They said they'll update their social media with more info when this is possible - this was their last response when I asked a month or so ago.
- Soluble on 04/01/2022 - 17:47
  
  I started a chat with support when the aus cards began being issued, managed to get mine changed to an AUD card and arrived a few weeks ago!
  
  I'd upgraded to ICY from indigo and had to pay the $50 to have the Icy issued or they'd have sent me an indigo for free, sucks when they had to issue me a new card anyway.
  - tajid on 04/01/2022 - 17:56
    
    What did you say to get changed to AUD? I've asked and they said wait for more info..
    
    Yeah pretty dumb to charge you for the fee if they are going to send a new card anyway.
    - G-rig on 05/01/2022 - 05:01
      
      The old card still works on upgrades and the increased cashback works etc.
      
      Annoying staking all that and upgrading but still expected to pay $70. In didn't bother, will wait til it gets lost or something.
      
      I should have just waited a bit longer and said the card never arrived, after 5w they could sent a new one. Took over 3w anyway.
      - Soluble on 05/01/2022 - 06:43
        
        @G-rig: I figured they were replacing my SGP card for free, I'd be able to get the upgraded card for free considering they hadn't issued them yet. But nope so just paid it and moved on.
    - Soluble on 05/01/2022 - 06:41
      
      November 15:
      
      Hi, I just upgraded my CRO stake to Icy White/Rose Gold and I would like to upgrade my Crypto.com Visa card.
      
      The rep started the process that day with ID verification, address etc.
      - G-rig on 05/01/2022 - 08:12
        
        @Soluble: Yeah no matter how many chats with them they all insisted have to pay $70 (this was for the upgraded Jade card).
samehada on 30/12/2021 - 23:02

Which platform has the highest staking % for BNB? Is there any platform that is higher than Trust Wallet for staking BNB?
- bobwokeup on 03/01/2022 - 17:53
  
  I’d like to know that too. Trust Wallet is only 9.65% and I’m sure it was higher a few months ago.
  
  Also does it lock in when you stake?
EnALup on 03/01/2022 - 16:04

Is there any risk moving coins from crypto to their wallet app?
- bobwokeup on 05/01/2022 - 14:48
  
  +1
  
  As far as I’m aware the only risks are choosing the wrong network or entering the wrong Wallet address. I’ve done heaps of them in the last year and never lost anything as I always double check before doing anything.
  - G-rig on 05/01/2022 - 15:07
    
    My mate stuffed up a trust wallet transfer the first time.. suggest testing out a small amount the first time I.e $10
  - EnALup on 05/01/2022 - 15:27
    
    Thanks. Looking for hardware wallets for long term solution.
G-rig on 05/01/2022 - 16:07

This popped up on a news feed

Hopefully doesnt go lower than 50c
https://www.fxstreet.com/cryptocurrencies/news/cryptocom-tok…
- bobwokeup on 05/01/2022 - 16:23
  
  Agreed although an interesting read.
  - G-rig on 05/01/2022 - 18:00
    
    +1
    
    Hopefully USD as well lol
G-rig on 18/01/2022 - 18:39

VVS rubbish, looks like it's going to nothing..
I mean they're all down but still ..
- JHoliday on 19/01/2022 - 17:52
  
  I bought some because of the comments in this thread
  - G-rig on 19/01/2022 - 18:04
    
    waste of time lol
G-rig on 19/01/2022 - 20:50

Anyone else notice password reset and 2fa request
. Makes ya think all this crap

https://www.financemagnates.com/cryptocurrency/news/cryptoco…
popsiee on 22/01/2022 - 23:31

-1

I not sure Matt Damon being part of a cheap 100 million advertising campaign going to save your a$$ es .
But I think spending 700 million on naming LA Staples centre Crypto isa bit rich .
Nice of you guys to contribute .
powerinnumbers on 01/02/2022 - 08:49

All the people complaining about the value of the CRO dropping need to rethink the purpose of the card.

A 50% drop in CRO which has happened since November ( at the worst point ) is a WIN for card holders. It means twice the CRO cashback.
You have to treat the card buy in as a long term investment. Keep your CRO staked forever ( or a number of years at least ). The cashback and CRO rewards will end up being of more value and HOLD those rewards, HOLD THEM. Do not withdraw, Eventually you will have thousands of CRO in rewards alone and one day the price be CRO will be $5 or more. That's when you cash out your rewards and the original investment is paid off, plus you still have the card and benefits to come.
- G-rig on 01/02/2022 - 11:23
  
  Yeah generally agree no point ever selling when the market is down anyway, good to use the card for its intended purpose and collect those CRO for years.
  I mean when you eventually do sell them even in 20y will still have to pay capital gains tax then.
  
  I still prefer to use my 28d for any electronics and other decent purchases likely to see a price drop in a year as you can get heaps more back
- Nom on 01/02/2022 - 12:23
  
  All the people complaining about the value of the CRO dropping…
  
  …should look at a longer period of time.
  
  It's still up 250% on 6 months ago.
G-rig on 01/02/2022 - 19:23

hard to run a purchase through paypal the other day, sometime i've found it doesn't work.
Just a tip. Aliexpress could be on the blocked list but has worked for some people i think
xpo87 on 09/02/2022 - 23:20

In order to complete a lunar new year task. I’m Sending 2 cro to everyone who pm me.
- tajid on 11/02/2022 - 11:04
  
  haha what lunar new year task?
  - 76F on 11/02/2022 - 11:54
    
    https://crypto.com/product-news/pay-your-friends-lunar-new-y…
danield on 24/02/2022 - 12:59

I'm in the process of transferring all my regular payments over to the Crypto.com card. Can anyone confirm whether Telstra Internet payments will be eligible for Cashback?
- reubenb87 on 25/02/2022 - 11:42
  
  Mine from the Tesltra store didn't, so I wouldn't like your chances.
  - danield on 25/02/2022 - 14:10
    
    I tend to agree. Just ran a test on my Pet Insurance with Woolworths and it didn't give me anything either, so I won't bother trying Telstra.
    - bobwokeup on 25/02/2022 - 14:11
      
      Insurance is a definite no as it’s on the website but I thought Telstra would work. Maybe they’re using the wrong MCC code?
      - danield on 25/02/2022 - 14:16
        
        @bobwokeup: I thought there was a thread started somewhere listing all the success and failures people were having with certain vendors, anyone remember if that was the case. Eventually I will work out everything that I can move over but seeing where others have tried and succeeded\failed would help speed up the process.
        
        bobwokeup on 25/02/2022 - 14:32
        
        @danield: It might be across a few threads?
        
        I found that anything government related and insurance are the 2 big ones. Nearly all physical items you buy are good. I haven’t had many knock-backs but like others have suggested try a small amount first if it’s a big purchase or you’re not sure.

This was posted 2 years 5 months 25 days ago, and might be an out-dated deal.

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

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