08-08-2021, 03:51 PM
6 months of using my crypto.com debit card and why I'm never going back to cards fro
<!-- SC_OFF --><div class="md"><p>First up, post inspired by <a href="/u/drytendies">u/drytendies</a> and his good write up on the coinbase card. However, that is only available in the US and I'm in UK where you can get crypto.com cards (available in Europe/US too).</p> <p>There are different tiers of cards available but I'm going to be talking about the jade green card because that's the one i have. 6 months in, i have earned about $500 in rewards without changing any spending habits, and that's not counting the price appreciation of my CRO tokens that i staked to get the card. Here's how:</p> <p>Spotify reimbursed in full each month = $12 Netflix reimbursed in full each month = $13 3% cashback on all purchases = approx $30 10% p.a. staking rewards on locked CRO = $25</p> <p>All of the above is paid in CRO, which i then shovel into the crypto.com Defi wallet and lend it out for a yield of approx. 14% p.a.</p> <p>All of those rewards put together have been about $500 in the last 6 months, and as my defi wallet size increases that will only get better. Obviously I'm at risk of CRO price fluctuating but you could trade out to a stablecoin or some other crypto if you really wanted to.</p> <p>The best rewards I've ever had from a bank are air miles, and frankly I'd much rather have about $1000 extra in my pocket each year in crypto. My long-term plan is to keep accumulating CRO in this manner and when the next face-melting bull market comes around, whether it's later this year or not for years to come, I'll have a nice stack of CRO which I've earned through doing...absolutely nothing?!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pyzazaza"> /u/pyzazaza </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p0aol7/6_months_of_using_my_cryptocom_debit_card_and_why/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p0aol7/6_months_of_using_my_cryptocom_debit_card_and_why/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>First up, post inspired by <a href="/u/drytendies">u/drytendies</a> and his good write up on the coinbase card. However, that is only available in the US and I'm in UK where you can get crypto.com cards (available in Europe/US too).</p> <p>There are different tiers of cards available but I'm going to be talking about the jade green card because that's the one i have. 6 months in, i have earned about $500 in rewards without changing any spending habits, and that's not counting the price appreciation of my CRO tokens that i staked to get the card. Here's how:</p> <p>Spotify reimbursed in full each month = $12 Netflix reimbursed in full each month = $13 3% cashback on all purchases = approx $30 10% p.a. staking rewards on locked CRO = $25</p> <p>All of the above is paid in CRO, which i then shovel into the crypto.com Defi wallet and lend it out for a yield of approx. 14% p.a.</p> <p>All of those rewards put together have been about $500 in the last 6 months, and as my defi wallet size increases that will only get better. Obviously I'm at risk of CRO price fluctuating but you could trade out to a stablecoin or some other crypto if you really wanted to.</p> <p>The best rewards I've ever had from a bank are air miles, and frankly I'd much rather have about $1000 extra in my pocket each year in crypto. My long-term plan is to keep accumulating CRO in this manner and when the next face-melting bull market comes around, whether it's later this year or not for years to come, I'll have a nice stack of CRO which I've earned through doing...absolutely nothing?!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pyzazaza"> /u/pyzazaza </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p0aol7/6_months_of_using_my_cryptocom_debit_card_and_why/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p0aol7/6_months_of_using_my_cryptocom_debit_card_and_why/">[comments]</a></span>Kind Regards R