Crypto.com, Bread Financial and Comenity Capital will launch a new crypto earning credit card in summer 2025.
- No annual fee
- Card earns at the following rates:
- Midnight. No lockup requirement. Earns an unlimited 1.5%.
- Ruby. $500 lockup requirement. Earns an unlimited 2%.
- Jade/Indigo. $5,000 lockup requirement. Earns an unlimited 3%.
- Icy/Rose. $50,000 lockup requirement. Earns an unlimited 4%.
- Obsidian. $500,000 lockup requirement. Earns an unlimited 5%.
- Lockup period is 365 days.
- Payouts CRO cryptocurrency
I assume you need to lock up your funds in CRO. A similar program was implemented before and the value of CRO dropped by half. 5% cash back is simply not sustainable and $500,000 in a 5% APY account would earn $25,000 anyway. I suspect if you’re doing the volume that would be required to make this worth it you’d get shut down. This is an easy pass in my opinion and I can’t see this ending well for anybody that decides to go for it.
