Crypto debit cards latest?

Gooey Looey

suave.4u wrote: »

Depends on how you look at it.
It is a dip, so I upgraded from Jade to Royal Indigo (3% cashback + netflix + spotify)

You not mean ruby to royal indigo? The jade and royal indigo are the same tier.

suave.4u

Gooey Looey wrote: »

You not mean ruby to royal indigo? The jade and royal indigo are the same tier.

yes, ruby to royal indigo

unkel

suave.4u wrote: »

Depends on how you look at it.
It is a dip, so I upgraded from ruby red to Royal Indigo (3% cashback + netflix + spotify)

I got free spotify for life with my car. I pay €3 per month for the medium Netflix package (Turkey route) and 3% cashback in coins rapidly losing most if not all of their value?

I've spent EUR100 and that got me EUR0.60 in cash back - zero point six percent - and going down by the hour

Beautiful card though, a truly glorious colour of blue. It will go into my drawer on top of my N26 card soon. At least I got a "real" free EUR10 when applying for that one back in the day

suave.4u

unkel wrote: »

I got free spotify for life with my car. I pay €3 per month for the medium Netflix package (Turkey route) and 3% cashback in coins rapidly losing most if not all of their value?

I've spent EUR100 and that got me EUR0.60 in cash back - zero point six percent - and going down by the hour

Beautiful card though, a truly glorious colour of blue. It will go into my drawer on top of my N26 card soon. At least I got a "real" free EUR10 when applying for that one back in the day

There is also 10% interest on the staked amount. I think it is better than nothing.
is there any major benefit with the irish cards?

Shamo

So now they've increased the CRO stake amount effective 2nd November. They can't be expecting the price to go up anytime soon.

https://twitter.com/cryptocom/status/1319537353690497025

Gooey Looey

Shamo wrote: »

So now they've increased the CRO stake amount effective 2nd November. They can't be expecting the price to go up anytime soon.

https://twitter.com/cryptocom/status/1319537353690497025

Finally something that works out for me, I have 10k staked for jade/royal indigo and will keep that when it goes up to 25k stake requirement

Bob24

Shamo wrote: »

So now they've increased the CRO stake amount effective 2nd November. They can't be expecting the price to go up anytime soon.

You have to wonder if it wasn’t the plan all along (pump-up the CRO price before the MCO->CRO swap programme, make the swap when CRO is high and MCO is low, make an announcement to crash the CRO price, and then increase the card staking requirements).

banie01

Has anyone got a Celsius referral code?

Gooey Looey

banie01 wrote: »

Has anyone got a Celsius referral code?

190386fd85

banie01

Gooey Looey wrote: »

190386fd85

Sound
My part is done, KYC and deposit completed so I think it should trigger your referral payment in 30days.

suave.4u

Gooey Looey wrote: »

Finally something that works out for me, I have 10k staked for jade/royal indigo and will keep that when it goes up to 25k stake requirement

I am also on the same boat.
Got an e-mail that states:
*********************************
- The new staking requirements will apply should the cardholder (1) upgrade their card tier or (2) unstake and restake their CRO Card Stake after 2 November 2020 07:00:00 UTC.
*********************************

The CRO is initially staked for 180Days. So after 180 days, do i need to purchase and stake an additional 15K CRO to still be in Royal Indigo level?

Bob24

suave.4u wrote: »

The CRO is initially staked for 180Days. So after 180 days, do i need to purchase and stake an additional 15K CRO to still be in Royal Indigo level?

I believe that as long as you don’t actively ask them to release your stacked amount after the 180 days have expired, you will keep your Royal Indigo tier.

Gooey Looey

suave.4u wrote: »

I am also on the same boat.
Got an e-mail that states:
*********************************
- The new staking requirements will apply should the cardholder (1) upgrade their card tier or (2) unstake and restake their CRO Card Stake after 2 November 2020 07:00:00 UTC.
*********************************

The CRO is initially staked for 180Days. So after 180 days, do i need to purchase and stake an additional 15K CRO to still be in Royal Indigo level?

No you just leave your 10k stake there and keep the benefits. It's only if you remove your stake or upgrade that you are liable for the new rates

suave.4u

Gooey Looey wrote: »

No you just leave your 10k stake there and keep the benefits. It's only if you remove your stake or upgrade that you are liable for the new rates

Thanks.
I paid Eur 50 two days back to upgrade the card. This is free now :mad:

Gooey Looey

suave.4u wrote: »

Thanks.
I paid Eur 50 two days back to upgrade the card. This is free now :mad:

Only from 23rd October to 2 November. Anyone know how long they take to issue here atm?

el diablo

Gooey Looey

I think I'm gonna use this offer to change my ruby for a royal indigo card. I use Curve anyway so can go back in time to get the cashback I miss while it reissues and ships

banie01

Gooey Looey wrote: »

I think I'm gonna use this offer to change my ruby for a royal indigo card. I use Curve anyway so can go back in time to get the cashback I miss while it reissues and ships

Am I understanding it right in that I can upgrade from ruby to indigo before the 2nd of November by adding 9k CRO?
Then to maintain indigo benefit from then on, I just need to roll over that stake every 180days?
Rather than bump it to 25k?

Gooey Looey

banie01 wrote: »

Am I understanding it right in that I can upgrade from ruby to indigo before the 2nd of November by adding 9k CRO?
Then to maintain indigo benefit from then on, I just need to roll over that stake every 180days?
Rather than bump it to 25k?

Yes, they've even waived the card reissue fee if you want to change the card as well

Bob24

banie01 wrote: »

Am I understanding it right in that I can upgrade from ruby to indigo before the 2nd of November by adding 9k CRO?
Then to maintain indigo benefit from then on, I just need to roll over that stake every 180days?
Rather than bump it to 25k?

Yep, but keep in mind that as demonstrated recently none of the benefits or staking requirements are contractual commitments (they are more like “perks” for holding CROs). So what they are saying today can change anytime in the future, and i would say it is likely to change in the medium term based on what they believe is the best compromise between keeping current users happy, attracting new users, influencing the price of CRO in the direction they want it to go, and the cost to them for providing the benefits.

Lex Luthor

looks like my application for a Saffron Swipe card has finally been verified after 3 attempts and is in processing stage

Str8outtaWuhan

Lex Luthor wrote: »

looks like my application for a Saffron Swipe card has finally been verified after 3 attempts and is in processing stage

got mine months ago , found it impossible to activate it despite numerous escalations through their "help system "

Lex Luthor

Str8outtaWuhan wrote: »

got mine months ago , found it impossible to activate it despite numerous escalations through their "help system "

this has been my 3rd time applying

Their help system is a bit of a comedy act alright

Stormington

Lex Luthor wrote: »

this has been my 3rd time applying

Their help system is a bit of a comedy act alright

300 sxp is now less than 300 quid. Is it worth getting this card? I'm assuming they pulled the plug on BTC cashback as they'd be broke within weeks if paying out.
TBH Crypto.com isn't any easier to follow with all the changes that are announced on a weekly basis.

Bob24

Stormington wrote: »

TBH Crypto.com isn't any easier to follow with all the changes that are announced on a weekly basis.

They are annoying with their constant changes for sure.

But they are also the only crypto-card (with a perks system) with a bit of a track record of working and sustaining for a while at a large scale (they have some problems with cards issuance delays and were impacted by the Wirecard debacle but they look like they have a handle on these). I am very skeptical of Swipe which IMO could well turn into vapourware with all its issues and given the fact that Binance likely wants to kill it to focus in their own card. So for now I see CDC and the Binance card as the only serious players (Binance might turn out to be better but for now the card is too new to have a track record). Or if people don’t want to go for a card with perks in exchange for staking tokens, the coinbase card seems fine although I know less about it.

banie01

Just spitballing some thoughts on the current state of play for the crypto card space.

Coinbase:I have a coinbase card since early 2019 and tbh I hate it and have only used it a couple of times.
The eco-system of 3 apps for actual value for money use of coinbase and the card is a PITA.
Couple that with no tangible benefits and CB's penchant for issue when trading volumes peak and it's just not attractive for either trading or hodling IMO.

Crypto.com: I have the CDC card since July, the app could be far more integrated.
If it allowed actual trading from within the app it could really be a one stop shop.
The card itself has become my payment card for practically everything and who doesn't love metal cards.
The policy chop and change is annoying as is their effort to manipulate CRO pricing.
But, it works, it's a step towards better AIO integration.
I do feel that there needs to be better integration of staking on app and exchange.
1 stake should confer benefits on both platforms.

Binance: I've had issues for months with my application failing at account binding, it resolved itself the other day and now I do have the Virtual Card with the physical on the way.
Have yet to look into where or how I manage the card and it's balance on the app.
If it falls within the binance app itself, it really offers an AIO approach to trading and spending that CDC will need to catch up to.

Celsius.ie: Opened an account there earlier this week. Very straightforward, easy to deposit to and the idea of earning interest with the HODL pile is quite attractive.
Really straightforward interface and I like the community stats.
There are rumours of a card but nothing definite.
It does offer some easy payment options directly within the app though.

Swipe.io: Haven't used, but the wait for a card and verification process seems a bit long winded.

Lex Luthor

If anyone is looking at a swipe card then I have a referral code
HD0JCP

Set mine up yesterday after getting it
After all the initial teething problems it’s working no iss
Activated and ready to go
Just going to transfer in some funds and see how that goes

Str8outtaWuhan

Lex Luthor wrote: »

If anyone is looking at a swipe card then I have a referral code
HD0JCP

Set mine up yesterday after getting it
After all the initial teething problems it’s working no iss
Activated and ready to go
Just going to transfer in some funds and see how that goes

i wish my worked as smooth

Lex Luthor

Str8outtaWuhan wrote: »

i wish my worked as smooth

What problems are you experiencing?

Str8outtaWuhan

Lex Luthor wrote: »

What problems are you experiencing?

issued me a card but it won' activate

Lex Luthor

Str8outtaWuhan wrote: »

issued me a card but it won' activate

the activation for me was the most straight forward process of the whole application

have you contacted the help desk

Str8outtaWuhan

Lex Luthor wrote: »

the activation for me was the most straight forward process of the whole application

have you contacted the help desk

multiple times, came to nowt every time.

bingobars

Lex Luthor wrote: »

If anyone is looking at a swipe card then I have a referral code
HD0JCP

Set mine up yesterday after getting it
After all the initial teething problems it’s working no iss
Activated and ready to go
Just going to transfer in some funds and see how that goes

I don’t think there is a referral program yet??

Swipe is a loose cannon. Poor software. All the card holders so far have been burned too. I see two good points tho. 1. crypto sphere has a short memory and 2. The binance backing. Sub $1 pricing at the moment makes it super appealing. With the way CRO is going this is the best value in town but I have to question what’s going on behind the scenes with them

Lex Luthor

bingobars wrote: »

I don’t think there is a referral program yet??

Swipe is a loose cannon. Poor software. All the card holders so far have been burned too. I see two good points tho. 1. crypto sphere has a short memory and 2. The binance backing. Sub $1 pricing at the moment makes it super appealing. With the way CRO is going this is the best value in town but I have to question what’s going on behind the scenes with them

In relation to the referral program, yes its available. The code I supplied is available to use when setting up a new account

in terms of the price of SXP, its not necessary to hold any SXP to have a saffron card

bingobars

Lex Luthor wrote: »

In relation to the referral program, yes its available. The code I supplied is available to use when setting up a new account

in terms of the price of SXP, its not necessary to hold any SXP to have a saffron card

https://swipe.zendesk.com/hc/en-us/articles/360014328658-How-does-the-referral-program-work-for-Swipe-Slate-cardholders-

Nothing for referrals unless it’s high roller bringing in high roller

See the last line “
Note: There are currently no referral programs for other Swipe Card membership levels”

ZeroThreat

Anyone here looked into the Hold app and upcoming Utrust VISA debit card?

Lex Luthor

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Bob24

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Short answer: yes CGT is due (in order to pay for something with the card, you crypto has to get converted to euros/fiat, aka disposed of, which triggers CGT).

Gooey Looey

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

I know with CDC to spend crypto you must convert it into fiat to top up the card

Lex Luthor

Bob24 wrote: »

Short answer: yes CGT is due (in order to pay for something with the card, you crypto has to get converted to euros/fiat, aka disposed of, which triggers CGT).

ay but you can set up the card to pay using your crypto, so I see what you're saying but .............

Lex Luthor

Gooey Looey wrote: »

I know with CDC to spend crypto you must convert it into fiat to top up the card

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

Gooey Looey

Lex Luthor wrote: »

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

Yes buy converting it into fiat as you spend. AFAIK it's a visa restriction that cards must be topped up in fiat

Bob24

Lex Luthor wrote: »

with the Swipe card you select which wallet to pay with, so if you have crypto you select that and pay with that and it reduces your crypto balance

It happens is the background, but your crypto has to be converted to fiat currency to process the payment (the Visa/MasterCard networks can't process payments in cryptocurrency).

And technically, I believe even if you could pay directly in crypto, CGT would also be due as paying for something with an asset is considered disposal. For exemple I believe if I had a 1 ounce gold coin which I paid 1000 euros for and I used it to buy something from you (based on its current value of 1700 euros), It would trigger a 700 euro CGT liability for me, even though I never turned it into cash. Now, are people actually paying CGT in these circumstances is a different story, but technically AFAIK it is due.

ZeroThreat

Bob24 wrote: »

It happens is the background, but your crypto has to be converted to fiat currency to process the payment (the Visa/MasterCard networks can't process payments in cryptocurrency).

And technically, I believe even if you could pay directly in crypto, CGT would also be due as paying for something with an asset is considered disposal. For exemple I believe if I had a 1 ounce gold coin which I paid 1000 euros for and I used it to buy something from you (based on its current value of 1700 euros), It would trigger a 700 euro CGT liability for me, even though I never turned it into cash. Now, are people actually paying CGT in these circumstances is a different story, but technically AFAIK it is due.

No doubt the crypto investigation task force of the Revenue department is monitoring this sub-forum extremely closely.

Lex Luthor

ZeroThreat wrote: »

the crypto investigation task force of the Revenue department .

Irish_rat

Lex Luthor wrote: »

I'm sure this has been covered already, but I havent got the time to go through the whole thread, but lets say you buy crypto ABC and it doubles in value and you spend it using your crypto card, are you paying CGT then?

Technically yes. I think a good idea would be to top it up with stable coin for the weeks purchases. That would get around the CGT. I would like it just for the cashback alone. My bigger crypto holdings would be kept on the ledger nano anyway.

Lex Luthor

Irish_rat wrote: »

I would like it just for the cashback alone.

thats basically what I'm using it for

the weekly shop and anything else I can afford to buy without the need of a credit card

Bob24

It might have been there for some time, but I just noticed a new page on the CDC website with the list of merchant categories for which cashback is excluded: https://help.crypto.com/en/articles/4597450-restriction-of-cro-rewards-programme

At least it clarifies things a bit, but some of that stuff seems way over the top (what’s the story with excluding something like souvenir shops?)

BillyBoy

Has anyone else experienced delays on getting their CDC card? Its been at Issued status for nearly a month. I got onto chat and they just said it should be shipping shortly.

Gooey Looey

BillyBoy wrote: »

Has anyone else experienced delays on getting their CDC card? Its been at Issued status for nearly a month. I got onto chat and they just said it should be shipping shortly.

Which one? They are prioritising the higher ones. Some people are waiting months. I'm currently waiting on my upgrade to jade from ruby I did before 2nd Nov, but my ruby still works with the 3% cashback which is the same