There is no surprise to someone who has been part of the crypto industry for many years that interest in using a crypto-supported credit card went up. One of the ways to confirm this claim is their constantly increasing number.
Of course, this doesn‘t mean choosing crypto-friendly credit cards should be left to chance because not all are alike. For example, some have high commissions but also offer solid cashback. Some only accept a few cryptocurrencies and cards that work with fiat currencies and a wide range of cryptocurrencies.
To save you time, we did some research that led us to a few options that we think would meet the needs of almost any crypto enthusiast. Before starting with their analysis, we would like to briefly explain why such credit cards are used in general and their benefits.
Why Should You Use One?
Simply put, a crypto-supported card is a payment card that combines conventional financial services with cryptocurrency features. They are usually issued by established crypto exchanges.
There’s more than one reason why people using cryptocurrency should consider obtaining cards like this. For instance, they get a chance for real-time conversions from crypto to fiat currency, which helps them avoid the consequences of price volatility. Additionally, they can be used in stores that don’t accept direct cryptocurrency transactions but work with traditional debit/credit cards. Also, many crypto credit cards provide cashback deals, reward points, and other perks to their users.
Top Crypto-Supported Credit Cards
Wirex – Best for Cashback
As reputable UK-based fintech company licensed by the national financial regulator in the United Kingdom – FCA, Wirex’s central product is an online banking platform that lets clients complete fiat and crypto transactions.
The platform was launched in 2014 as a project of two experienced businessmen involved in the financial sector – Dmitry Lazarichev and Pavel Matveev. It took them only one year to create the first payment cards that work with traditional currencies and cryptocurrencies. Thanks to its successful work, primarily the popularity of its crypto-supported card, this brand received millions in investments through crowdfunding and strategic investors.
Today, almost 5 million users in over 130 countries use the Wirex card. So, what makes Wirex so unique? First, you can choose from two options Wirex MasterCard and Wirex Visa. Once you complete the Wirex verification process by sharing personal information and verifying your identity with the help of identity documents, you will become eligible for Wirex card. So, it’s a relatively simple process for getting it.
It’s worth noting that this is technically a debit card because you can spend funds directly from your Wirex account. So, you use your funds, whether traditional fiat currency or cryptocurrency. To start using the card, top up your Wirex account with the help of the Wirex app.
Another thing that makes Wirex attractive is the ability to choose from physical and virtual cards. The latter is ideal for improving security while shopping online. At the same time, the physical form is good for cash withdrawals from ATMs and shopping in physical stores.
Regarding ATM withdrawals, it’s worth noting that Wirex has a monthly fee-free limit of $250 (2% after that). Interestingly, this brand offers three pricing plans. The Standard one is free and promises up to 1% crypto back on card purchases (cashback). It also delivers up to a 1% annual saving bonus on your Wirex Token balance and up to 16% X-Accounts AER (savings account).
On the other hand, the Premium plan (around $10 a month) delivers up to 3% crypto back on card purchases, gives up to a 6% annual saving bonus, and delivers special merchant offers. Finally, the Elite plan, which costs around $30 per month, provides up to 8% crypto back, up to 16% annual saving bonus, up to 20% X-Accounts AER, and curated special offers from merchant partners.
Finally, the Wirex card accepts 12 fiat currencies, including USD, EUR, and GBP, and 45+ cryptocurrencies, including Bitcoin, Ripple, Ethereum, and Litecoin.
Coinbase – Top Choice for Bitcoin Card
Another excellent option for crypto-friendly credit cards is the Coinbase Visa card. Before we go into detail, let’s reveal a few things about Coinbase. This is a US-based, publicly traded company. It operates the largest crypto exchange platform in the United States.
Coinbase was established in 2021 by Brian Armstrong, an engineer who previously worked at Airbnb. This company doesn’t have physical offices. Still, it has an annual revenue of above 3 billion dollars in the last few years. Let’s not forget that Coinbase has safeguarded assets worth $114 billion and has 3,400 employees. All these things mean that Coinbase is one of the most prominent players on the market, so it’s no surprise that they have developed a crypto-supported card.
Even though it serves the nationals of over 100 countries, the Coinbase card is available only to customers living in nearly 30 countries, including the UK, the US, and Europe. Most crypto fans will appreciate that spending with this card has no transaction fees. Coinbase also includes a spread in the prices for buying and selling crypto, it can lock in a price for trade execution (temporarily) while the transactions are reviewed. Of course, users may be charged fees by the ATM operator. Additionally, there’s a daily ATM withdrawal limit of $1,000.
Since we’re talking about a branded Visa debit card, you can use the Coinbase card anywhere they are accepted, including more than 40 million merchants globally. Spending crypto means its conversion from cryptocurrency to US dollars.
The Coinbase card lets you earn up to 4% back in crypto rewards – the more you spend, the more rewards you can earn. It currently supports seven cryptocurrencies, including Bitcoin. This is one of the things that make this card special. It’s up to users to choose the cryptocurrency they want to receive rewards. So, the cashback percentage varies, but generally, it’s limited to 4%. There were times when Coinbase gave up to 10% through Cosmos or 9.77% through Polkadot.
Users who want to redeem their rewards can transfer them to their crypto wallets, trade for other cryptocurrencies via Coinbase, or stake these rewards. The only downside is the 2.49% crypto liquidation fee.
Crypto.com – Best for Crypto Support
We have another popular cryptocurrency exchange on this list. In this case, it comes from Singapore. Crypto.com was established in 2016 in Hong Kong by a group of European crypto enthusiasts. It was first known as Monaco but changed its name to Crypto.com in 2018.
According to many statistics, this is one of the fastest-growing companies in this industry. For instance, it had 10 million users in 2021 and more than 80 million users in 2023. Today, Crypto.com offers several services and products to its users: exchange, app, wallet, NFT marketplace, and card.
The Crypto.com card is another Visa card designed and developed with the needs of crypto users in mind. With its help, cardholders can access and spend their cryptocurrency without any hassles. As expected, like most top-rated crypto-supported credit cards, this one doesn’t charge an annual fee or ATM fees.
Another thing that makes Crypto.com stand out is the short processing times. Namely, once you receive funds to your Crypto.com account, you can use the card to purchase items in online and physical stores within seconds.
Users are also attracted by the card rewards. Unsurprisingly, we have another cashback reward program, which this time offers CRO rewards. CRO stands for Crypto.com’s token. These tokens can be exchanged into Bitcoin and altcoins through Crypto.com’s exchange. You can also turn them into fiat currency.
Unlike many other cards of this type, this one includes several levels. The higher your level, the higher the cashback deal you can expect. The highest level promises a cashback deal of 5%. Still, since you have to stake at least $400,000 to reach this level, you probably won’t have the opportunity to use this deal.
The lowest-tier card is the Midnight Blue. It’s an entirely free solution with no staking requirements and no cashback. It comes with a monthly fee-free ATM withdrawals of $200. After you reach this limit, you are charged 2% per ATM transaction. Also, the holders of the top three cards (there are five) can expect reimbursement from popular merchants like Spotify, Netflix, Expedia, Amazon Primer, and Airbnb.
It’s worth noting that the Crypto.com card currently accepts 20 fiat currencies and 19 cryptocurrencies, including some of the most popular ones (USD coin, Ethereum, Dogecoin, etc.). Overall, this card is a good option, especially for those planning significant transactions, because the more you use it, the more rewards you can expect. Still, remember that it has high staking requirements.
