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There’s never a dull day in life if you are in crypto.
Whether you’re on the hunt for the next big trend – defi, gamefi, NFT…, browsing Twitter for Elon Musk’s latest statement, checking your portfolio constantly or finding out what Redditors are saying, there’s always something to get excited about.
But beyond buying smart, is there a way to make your coins work harder for you?
How a crypto card works
One of the biggest differences between crypto and traditional currencies like the good old SGD is that you can’t just grab a bunch of crypto coins on your way to lunch and then use them to pay for your food.
Did you know that the Crypto.com Visa Card allows you to spend your cryptocurrencies at Visa-accepting merchants in Singapore?
The Crypto.com Visa Card is a prepaid card that you can top up using cryptocurrency or via a credit or debit card, and can then be used to make payment at any online or offline merchant in Singapore that accepts Visa.
As it stands, Crypto.com is currently the only crypto platform in Singapore to offer a card that lets you spend your crypto freely.
That’s not all! The card also lets you get more out of your crypto by offering amazing benefits and crypto rewards as you spend. Let’s take a look at some of the ways you can make your coins work harder for you.
1. Earn up to 12% p.a. in CRO Stake Rewards
Staking CRO on the Crypto.com app will allow you to reserve one of their premium metal cards.
The Crypto.com Visa Card lets you earn the equivalent of up to 12% in CRO staking rewards when you stake for Royal Indigo & Jade Green tiers or higher.
Crypto staking is one way to make your cryptocurrency work harder for you. How it works is that you put aside an amount of Crypto.org Coin (CRO) and let it sit there and earn CRO rewards. The rewards are paid on a weekly basis.
2. Spend with the Crypto.com Visa Card to get up to 8% back
The Crypto.com Visa Card offers up to 8% back in CRO rewards as you spend. That’s an earn rate that rivals even the best cashback cards — even better, there’s no annual fee!
How much you can earn depends on your card tier and staking amounts, as follows:
As these cards are pre-paid and essentially function as Visa debit cards, you don’t have to worry about getting slapped with interest or overdraft fees.
3. Enjoy extra perks other crypto traders wouldn’t normally have
In addition to CRO rewards, the Crypto.com Visa Card also comes with other perks, such as:
- 100% reimbursement for subscriptions to Spotify, Netflix and Amazon Prime, depending on your card tier
- Complimentary airport lounge access for Royal Indigo & Jade Green tier onwards
The value of these freebies can really add up each month and help you save money in your daily life. For instance, as a Royal Indigo or Jade Green cardholder, you would get to save over $30 a month on your Spotify and Netflix subscription fees!
4. Receive rewards of up to 14.5% p.a on crypto held in Crypto Earn
There’s also a Crypto Earn programme, where if you’re on a higher tier card, you can earn more crypto rewards. For instance, Crypto.com offers an earn rate of up to 8.5% p.a. for Bitcoin and 14% p.a. for Stablecoins when you hold a Frosty Rose Gold or Icy White card tier or higher, of which 2% p.a rewards are paid in CRO.
Crypto Earn allows you to hold your preferred crypto in different committed periods and you can start accruing crypto rewards daily to grow your crypto assets.
The three holding term options as follows:
- Flexible holding term
- 1-month fixed term
- 3-month fixed term
The crypto rewards will be paid out in the same crypto as the crypto held with Crypto Earn (i.e., if you deposit BTC, you will earn crypto rewards in BTC). You will receive your total accumulated crypto rewards every 7 days. It will be deposited into your crypto wallet and will be available for use immediately. There are over 40 cryptocurrencies you can choose from in Crypto Earn. Do note that CRO deposits in Earn differ from CRO staking.
There’s also synergy with your metal Crypto.com Visa card. You can enjoy better rewards when you have CRO staked and are holding a metal Crypto.com Visa Card. For example, if you hold BTC in a 3-month fixed term, you enjoy a preferential reward of 6.5% p.a. of when you are holding on a Royal Indigo or Jade Green Crypto.com Visa Card instead of the usual 4.5% p.a.
Trading on Crypto.com
Crypto.com is a cryptocurrency trading platform that allows you to deposit or withdraw monies via Xfers or use a credit or debit card to buy and sell 150+ cryptocurrencies.
The Crypto.com mobile app is a multi-tasker that lets you buy and sell crypto, manage crypto spending via your Visa card and Crypto.com Pay, in addition to managing your Crypto Earn. And when it comes time to spend those hard-earned coins, you can do so any time and anywhere by flashing your sleek metal Crypto.com Visa Card.
Crypto.com is revolutionising how we spend cryptocurrencies with their attractive rewards and perks. To start maximising your crypto today, download the Crypto.com app and sign up for the Crypto.com Visa Card.
Services in Singapore are provided by Foris DAX Asia PTE LTD. Foris DAX Asia PTE LTD, (trading under the brand name “Crypto.com”) operates under an exemption under the Payment Services (Exemption for Specified Period) Regulations 2019. Please see our SG Terms and Conditions for more details about the terms and conditions applicable for services provided to Singapore persons.