Blog - Luggage Guru

by Daniel | Last Updated May 13th, 2021 We may earn a commission for purchases using our links, at no cost to you. With Cryptocurrencies becoming more and more popular and plenty of large companies such as Tesla, Square, and MicroStrategy investing 100’s of millions if not billions of dollars into crypto, The Idea of having payment cards that can utilize Crypto for ever day use only makes sense. One of the benefits that Crypto cards have is that you can access both digital assets and fiat currencies with a single card as the digital assets are converted into your base fiat currency each time you make a purchase.And three out of the four cards on this list offer cashback rewards when you make purchases. https://youtu.be/2bJifwav7V8 1. The Crypto.com Visa Card Ok, so the first card on this list is the Crypto.com Visa card.Crypto.com currently offers five different card tiers all with different reward earnings and user bonuses.And just to note this card is a pre-paid Visa card. So straight up one thing that is nice about these cards is that there is no annual fee and no ATM fees, although the ATM spend limits are quite low (they range from $200 - $1,000 per month ), and once you reach the spending limit of the particular card you have there is a 2% fee thereafter. Now all cards offer a certain cash-back reward ranging from 1% up to 8%, and all rewards are paid in “CRO” which is Crypto.com’s own coin.And once you have accrued CRO tokens you can easily convert them into fiat currency or other Crypto.(Just be aware that there is an extensive list of executions that may affect whether you earn CRO tokens or not.) Now to be eligible for the cashback rewards each card has a certain amount of money that you must ’Stake’ for a minimum of 6 months.This basically means you will have to lock up your own funds into their CRO Token for the full-time period of 6 months to receive the full benefits.Now you can take your money out at any point if you need but your rewards will be reduced accordingly.Now to the only thing about all of this is that you need a substantial amount of money to earn the top tier of 8% in rewards.The top tier card which is the Obsidian card requires you to stake $400,000 for a minimum of 6 months to receive the 8% return.But to be fair the entry card which is the Midnight Blue card does not require and staking capital, but it only returns 1% rewards. But let’s go over the different cards now and see what you get. Midnight Blue Card First up is the Midnight Blue Card, this is their entry-level card and the only card that does not require any Staking.This card has a limited amount of benefits compared to the others.Basically, you will earn 1% in CRO rewards on spending and you will have an ATM limit of $200 in free transactions, after this, you will be charged a 2% fee.Also, this is the only card that they offer that is made of plastic, all their other cards are made from metal. Ruby Steel Card The next card that they offer is the Ruby steel card.This card has a staking requirement of $400 which must be held for 6 months, and in return, you will receive 2% in CRO rewards on spending.Your free ATM withdrawals will be slightly higher than the Midnight Blue card at $500 per month, and once you surpass this limit you will be charged 2% for any other withdrawals. One extra benefit ta you get with this card is a reimbursement each month on your Spotify subscription up to a maximum of $12.99 per month. Royal Indigo or Jade Green Card The next card on this list has two options either the Royal Indigo or the Jade Green.Both of these cards have a staking requirement of $4,000 for a minimum of 6 months, and for this, you will receive 3% in CRO rewards on card spending.Your free monthly ATM withdrawal limit will also be raised to $800 per month and then anything over this will be charged at 2%. Now with this card, you will also get a couple of extra benefits than what you get with the previous card.Along with the Spotify credit of up to $12.99 per month you will also receive a Netflix credit of up to $13.99 per month.You will also receive Airport lounge access through Lounge Key.Currently, LoungeKey offers access to more than 1,000 lounges at over 400 airports. Frosted Rose Gold or Icy White Card So the next Card also comes with two different options, The Frosted Rose Gold or the Icy White card.Now for these cards, you will need to stake $40,000 for a minimum of 6 months, and for this, you will receive 5% in CRO rewards on card spending.You will also see your free ATM withdrawal limit increase slightly up to $1,000 per month, and then anything over this will also incur a 2% fee. Now with this card, you will get even more benefits than the previous cards.Along with the Spotify and Netflix monthly reimbursements, you will also be allowed to bring a guest with you into any of the LoungeKey Airport lounges free of charge.You will also receive a monthly reimbursement of $12.99 from your Amazon Prime membership.And finally, you can receive up to a maximum of $50 per month from Expedia. Obsidian card And Finally, let's look at the top card that is offered by Crypto.com which is called the Obsidian card.So with this card, you will need to stake $400,000 for a minimum of 6 months and in return, you can expect to earn up to 8% in CRO rewards on card spending.Free ATM withdrawals are the same as the previous card which is $1,000 per month and then a 2% for anything over this. You also get all of the same benefits as the previous card, but you get a couple more benefits on top.First of all, you will receive up to a maximum of $100 per month in reimbursement from Airbnb bookings.And finally, you will receive special perks if you travel on preferred private jet partners of Crypto.com. 2. BlockFi Visa card Ok, so the next card on this list is the BlockFi Visa card.Although this card is still not available there is a waitlist you can join, and it is expected to be released any day now.And you will be able to use this card anywhere Visa is accepted both online or in person.So to begin with the card has a $200 annual fee, but when you first sign up for this card you will receive a signup bonus of $250 worth of bitcoin after you spend $3,000 within the first 3 months of having the card.So the sign-up bonus not only covers the annual fee for the first year it also rewards you with $50 worth of bitcoin. You will also receive an unlimited 1.5% back in bitcoin from all purchases that are made on the card.The bitcoin rewards that you do receive are paid out on a monthly cycle straight into your BlockFi account where they will continue to accrue monthly interest. Along with the sign-up bonus, you will also receive 3.5% in bitcoin rewards on all purchases during months 4 to 6 of card ownership up to a maximum of $100 in Bitcoin. And finally, if you successfully refer somebody to BlockFi you will receive an extra $30 in bitcoin on top of the current $10 in bitcoin that they already offer for new referrals.So you will earn a total of $40 in bitcoin for each client referral. 3. Blockcard Visa Ok, so the next card on this list is the Blockcard Visa. Blockcard currently offers 1 card option and also a virtual card option, and then a third premium card that will be available soon.The entry-level option is a virtual card so you don’t have a physical card.This option offers a daily spending limit of $5,000.The next card is called the Plastic Card and it actually has a $10.00 activation fee.Both of these card options have a monthly administrative fee of $5 which can be waived if you spend more than $750 in non-cash transactions per month. The plastic card has a $3 fee for any domestic ATM withdrawals and a fee of $3.50 for international withdrawals.You will also have access to 14 different cryptocurrencies with the card with more coins being added throughout the year.Now Blockcard also offers a way to earn cashback.Basically, you will have to stake a certain amount of their cryptocurrency with is called TERN, and depending on how much you stake will affect how much cashback you can receive when you start spending on the card.Also, the amount you stake will be locked in for a minimum of 30 days and will be on a continual renewal each month after that unless you decide to cancel the stake.The lowest rewards option offers 1% cashback if you stake 30,000 TERN coins.And at the time of this video 1 TERN coin is $0.01486 cents, so 30,000 coins will cost you $445.80.You have another 5 staking options from here that run up to a maximum of 6% in cashback rewards.To be eligible for this you will need to Stake 145,000 TERN which is the equivalent of $2,154.70 as today's price of TERN.And how all of this works is relatively simple.For example, if you have the maximum amount staked you will receive 6% in cashback.So if you spent $1,000 you would receive $60 worth of TERN, and apparently, it is unlimited, so you could potentially earn a fair amount of cash back if you spend a lot. 4. Uphold Mastercard The next card on this list is the Uphold Mastercard.Now, this card is not available just yet but you can join the waitlist to be notified of its release date.So first of all you can use the card at almost 50 million different merchants and ATMs around the world, but just note that there is a 3% international transaction fee that will be charged to the card, although you will actually receive a refund each quarter for any foreign exchange fees that are incurred when using the card overseas.Next up just to receive the card there is a $9.95 physical card issuance fee which seems a bit steep.And expect to wait anywhere between 7 - 10 business days to receive the card.Now if you want to get cash from an ATM it will cost you $2.50 per transaction within the United States and if you are overseas it will cost $3.50 per transaction, and the daily limit for any ATM withdrawal is $1,500.Thankfully there are no fees to use the card within the US, and there is a daily spending limit of $10,000. As for earning rewards, you can expect to earn 2% cashback on all purchases made with crypto and 1% cash back on purchases made with fiat currencies.Just note that this is limited to a maximum of $5,000 spend per month, with a maximum amount of $100 cashback payout if you only spend in Crypto and a maximum of $50 cash back if you only spend in fiat currencies.