During my Product experience with one of the leading crypto cards in Europe, I’ve decided to build a Crypto Card 101 Guide.
Choosing the right crypto card is a tough process.
The aim of this guide is to showcase the key building pieces of a Crypto Card from a user perspective.
Table of contents:
General Card Reward Schemes
- Cashback directly to designated vault
- Cashback toward my balance
- Cashback in BTC
- Cashback as gift cards/bonus points
- Travel rewards
- Concierge services
- Subscriptions paid (Amazon Prime, Netflix, etc) (Rebate)
- Affinity Programs
Industry leaders
- Best for Rewards: Crypto.com Visa Cards.
- Best for Worldwide Spending: Coinbase Card.
- Best for Multiple Currencies: Wirex Visa Card.
- Best for No Fees: Nexo Card.
- Best for Bitcoin Rewards: BlockFi Credit Card.
- Best for Free Virtual Card: Crypterium Card Visa.
New entrants:
- Gemini debit card
- BlockFi debit card
- Plutus debit card
- Salt Card
- Brex Business Credit card
- SoFi credit card
- Ammer Cards
- Google -Digital Wallet
- FTX - with VISA
- Ledger - Card
Crypto Card Use Cases
- Cashback on purchase
On balance
On designated vault
as gift cards/ Bonus points
- Rebate on digital services
- Native token Staking
- Bonus point Model
- Flexible Partner Discounts
- Subscription Model
Other Industries
- Best for Travelling Perks: Revolut
- Best for Insurance benefits: N26
- Best for Bonus points: SoFi credit card
- Best for Cashback: Venmo credit card
Made by Macromark.eth.
How to foster user engagement?
Crypto Card Success Metrics:
- Recurring usage
- Overall activations
- Qualitative survey on value generated to users
- Average number of transactions per month
- Average volume per month
- Reward spending rate
- Increase of recurring payments (subscriptions, digital services, App Store, Food delivery, Ridesharing, Public transport pass etc.)
- New spending categories
Here’s the Full Database tracking the majority if not all the Crypto Cards Live or Failed.
The Ranking is subjective and the fees are not tracked since different providers often apply changes.
Ultimate Card Database
Card Reward schemes
Company
Type
Regions
Ranking
Stage
Industry
URL
Success Hypothesis
Crypto.com
Prepaid
EEA
UK
CH
⭐⭐⭐
Success
Exchange
CEFI
Base Rewards, Best Rebate partners, ADV
Wirex
Debit
EEA
UK
⭐⭐⭐
Success
Exchange
CEFI
Wallet
Network Supported, High-interest Deposit, Multiple Fiat currency supported, Fireblock Insurance
Coinbase
Debit
Debit as Prepaid
U.S
EEA
⭐
Success
Exchange
CEFI
Brand, UI/UX, Security
Plutus
Debit
EEA
UK
⭐⭐
Validated
Exchange
DEFI
Non custodial, Decentralized, High Cashback, Metamask supported
Monolith
Debit
EEA
UK
⭐⭐
Validated
DEFI
Wallet
Ultimate DeFi experience. Can Interact with the Wallet Smart Contract. Non Custodial Deposit
Bitsa
Debit as Prepaid
EEA
⭐
Validated
Exchange
Financial Services
High Spending Limit, Virtual Card. Different Crypto supported. Instant Crypto to Fiat conversion, High spread
Choise (Ex. Crypterium)
Prepaid
EEA
Validated
Exchange
Financial Services
Monthly loyal program, Interest deposit, Crypto loan
Curve Multicard
Debit
EEA
UK
Validated
Financial Services
Allows to have apple pay - google pay with every crypto card
Bitpanda
Debit
EEA
⭐⭐⭐
Live
Exchange
CEFI
Broker
Multi-asset payment wallets, Complete Transaction Overview
Eidoo
Debit
EEA
UK
CH
Live
DEFI
Financial Services
DeFi integration, Governance token, High cashback
Nexo
Credit
EEA
UK
U.S
NA&SA
CH
UAE
APAC
Live
CEFI
Financial Services
Low to 0 fees, Security
Brex Business Card
Credit
U.S
Live
Financial Services
Banking
No credit check, Card control, Affinity programs and discounts
Ledger
Debit
EEA
UK
Live
Wallet
Security, Brand
Fiat24
Debit
Experiment
DEFI
No Fees currently, no app, direct access via browser, Metamask connection.
Gemini Card
Credit
U.S
Waitlist
Exchange
Brand, Rewards in real time, High cashback, Security
Salt Card
Credit
U.S
UK
CH
NA&SA
UAE
Waitlist
CEFI
No credit check, stabilization mechanism
Nucleus
Debit
U.S
Not Validated
DEFI
Connect your self-custody wallet, Set a total ERC-20 spend limit, Add card to your digital wallet and spend anywhere.
Uphold EU
Debit
U.S
EEA
Not Validated
Exchange
Financial Services
Digital wallets, True Debit logic, Any assets, International FIAT currency support
Elitium
Debit
EEA
Not Validated
Financial Services
High Deposit rewards, IBAN, Zero Tx fees
Unbanked (Ex Ternio BlockCard)
Debit
Credit
Not Validated
Banking
Financial Services
Rewards schemes
- Direct Cashback on purchase
On balance
On designated vault
- Rebate on digital services
- Bonus points reward schemes
- Flexible Discounts on Partner platforms
Affinity programs
- Subscription Plan Benefit Suite
- Staking/ Locking Plan Interest/Rewards/Benefit Suite.
- Cashback as gift cards/ Bonus points
Reward Mechanics
Text
Payout
Loyalty Model
Type
Timing
Plutus
Native Token - PLU and Fiat
Subscription
Locking
Direct Cashback
Other Cashback
Interest
3 Days
Uphold
Crypto & Fiat
Holding/Deposit
Direct Cashback
Not Clear
FoldApp
Crypto
Subscription
Direct Cashback
Monthly
Gemini
Crypto
Holding/Deposit
Direct Cashback
Instantly
Elitium
Native Token - EUM
Holding/Deposit
Direct Cashback
Interest
Instantly
Binance
Native Token - BNB
Holding/Deposit
Direct Cashback
Instantly
BlockFi
Crypto
Holding/Deposit
Direct Cashback
Perks and Benefits
Interest
Instantly
Nexo
Crypto / Native toke - Nexo
Holding/Deposit
Asset-backed loan
Direct Cashback
Instantly
Eidoo
Crypto
Staking
Direct Cashback
Rebate
Discounts
Not Clear
Wirex
Native token - WXT
Subscription
Direct Cashback
Perks and Benefits
Discounts
Instantly
Unbanked
Native Token - TERN
Staking
Direct Cashback
Interest
Not Clear
Brex
Multipliers - points
Credit line
Subscription
Bonus points
Discounts
Affinity program
7-10 Days
Crypterium
Native Token - CRPT
Subscription
Interest
Revenue share
Monthly
Table of contents:
Resources
Name
URL
Карты с кэшбэком и процентом на остаток | Выгодная дебетовая карта с кэшбэком 2021 | Банки.ру
Cryptocurrency Debit Card List with 30+ Debit Cards (2021) | Cryptowisser
Swipe Visa Card | Review | CryptoVantage 2021
The 7 Best Credit Cards With Crypto Rewards: Earn, Redeem, and Spend
Swipe Slate 8% Cashback/Upgrades & Migration to Binance Card Platform | by Joselito Lizarondo | Swipe
Crypto card competition heats up | FXC Intelligence
Best Cashback Cards with Rewards Available in Europe (2021)
Compare 2021's Best Rewards Credit Cards | Credit Card Insider (U.S)
