Update 7/23/22: More negative changes:
Existing Jade Green, Royal Indigo, and Ruby Steel Crypto.com Visa Card users who activated their Card before July 23, 2022, 11:00 EST will enjoy the merchant rebate benefits (Spotify, Netflix) available through their Card tier and subject to current conditions for six more months (until January 23, 2023, 11:00 EST). Thereafter, cardholders will not receive CRO reimbursement(s) when spending with these merchants. Instead, cardholders will receive up to 2% back when spending with these merchants, depending on their Card tier.
Private Members holding an Icy White, Frosted Rose Gold, or Obsidian Card will continue to enjoy their existing merchant rebate benefits.
Crypto.com has announced huge negative changes to their lineup of debit cards. Crypto.com basically offers five different tiers and requires staking crypto for 180 days to get in that tier. The changes are as follows:
The negative earning rates are bad enough, but Crypto.com is also introducing a rewards cap as follows:
- Ruby Steel: $25 monthly cap
- Royal Indigo / Jade Green: $50 monthly cap
- Icy White, Frosted Rose Gold, and Obsidian cardholders: No cap
Crypto.com has been criticized for making these changes without informing cardholders directly, with many finding out from social media. For more discussion of these changes I’d recommend this reddit thread.
