Earn money by spending money.
Introduction:
I have had the Crypto.com credit card for a few months now and would like to share my findings with you. You can earn tens of euros/dollars per month with it. This is because you get up to 3% back on your purchases even your groceries at the store. The credit card application is free and is a beautiful metal card. In part 2 of this blog you can get another 1% on top for 30 days.
You get up to 3% back at a lot of stores and even supermarkets. I have tested it myself at Bol, Amazon,Steam, Lidl, Qpark, NS, IBOOD, Kwikfit a number of hotels among others. Also airline tickets and car garage: easily recouped 60 euros. Spotify and/ or Netflix are free if you stake CRO.
Ideal is that you can transfer euros to crypto.com for free and therefore your Credit Card. Basically a Visa Debit card. You do this by transferring money to yourself to a European account (LTxx xxxx xxx). This account is given to you by Crypto.com. The first time I would transfer a small amount (€5). Linking the account takes 2 days. After that it takes max half an hour before the money from your bank is in the crypto app. You put euros as debit on your credit card. You have 0 currency loss and can then pay for your groceries for example.
You can also buy crypto coins from your Euros. There are no transaction fees but you pay a small 0.4% fee. You can also earn interest on your crypto coins. For example bitcoin/ethereum up to 4% or Polkadot 12.5%. More on this later.
Example rewards:
The CRO cashback from the 2 airline tickets I bought was a total of 96 CRO. You get the CRO within 1sec of purchase. I personally staked €3500 CRO, you get 10% interest on that. You get paid that every week. However, I recommend starting with €350 CRO (Ruby red). More on that later. You can, for example, convert the CRO to Bitcoin. Or to USD and then put it on your credit card.
The CRO cashback is now $108 after 3.5 months. I was “lucky” that a large purchase was debited, credited again and then debited again. You then get 3x rewards. Also, I didn’t start using the card seriously until after 1.5 months. That’s when I found out you could transfer euros without fees. Since then I use the card also for groceries.
Tip: If you are allowed to use your own credit card for a business trip, then you know which card to use!!!
How to get started:
First you download the app by using this link: crypto.com. It would be nice if you use this referral: gkdg6sw846 Then we both get $25 in CRO if you later decide to stake CRO.
Cro Staking:
You can choose (later) to buy CRO for $350 or $3500 and stake in the app to get additional benefits (I’ll come back to this later). CRO is ranked #17 among the most popular coins. CRO is the payment coin on the CRONOS network, this is a layer 1 network. This makes it possible to build a whole ecosystem. Just like, for example. Ethereum. After 6 months you can sell the CRO again. The card keeps working and you still get CRO rewards: up to 1.5%.
You can also keep CRO. Why. There is enough marketing and chain activity that the coin can continue to hold value. Promotional Matt Damon and Staples center is now named Crypto.com Arena. And also in Formula 1 and sponsor of World Cup 2022. NFT and important they may expand in the United States.
Overview:
You don’t have to stake CRO right away to apply for the free card. If you use the link above, you can also decide to discontinue CRO later and still get the $25 welcome bonus. For the first month, you can use another credit card to buy crypto at no extra cost. Or you can use the bank transfer method which is always free.
The sweet spot in my opinion is the €350 CRO stake. You can earn €200 in rewards with a little planning, in addition you get $25 welcome bonus (link above) and free spotify. If you don’t like it you can sell the CRO after 6 months. You can continue to use the card with rewards 1%.
$0 stake (Midnight blue)
- Free credit card.
- 1% back on your purchases. So groceries, Amazon, Bol.com but also your plane tickets!
- 6% interest on stables USDC/USDT. But also eg 3% on Bitcoin and ETH is nice.
- With the link above you can upgrade later and still get 25$ of CRO.
- Upgrade for free by transferring Euro to your own account (within half an hour).
- Buy Crypto without transaction fees
- Free €200 per month withdrawals anywhere in the world
€350 stake (Ruby red)
- Free luxury metal credit card.
- Free 25 dollars at start stake (if you use the link above)
- Free top up by transferring Euro to your own account (within half an hour)
- Buy Crypto without transaction fees
- 2% back on your purchases. So groceries, Amazon, Bol.com but also your plane tickets!
- 6% interest on stables USDC/USDT. But also 3% on Bitcoin, ETH or 10% Polkadot.
- Free spotify
- Free €400 per month withdrawals anywhere in the world
€3500 stake: Jade Green
- Free luxury metal credit card.
- Free $25 at start stake (if you follow the link above)
- 8% interest on your 3500 euro CRO (paid weekly)
- Free top up by transferring Euro to your own account (within half an hour)
- Buy Crypto without transaction fees
- 3% back on your purchases. So groceries, Amazon, Bol.com but also your plane tickets.
- 8% interest on stables USDC/USDT. 4% on BTC and ETH but also 12.5% on Polkadot.
- Free spotify and Netflix.
- Free VIP airport lounge access. Still nice to be on vacation.
- Free €800 per month pins anywhere in the world.
Overview:
Tiers and interest rates
Strategy: for information only, no financial advice.
Study some videos about Stable coins. One strategy could be that you staked for example 1000 USDC for 3 months. You get 60 or 80$ interest per year. You get interest paid every week. After 3 months, you put this on your credit card or you put it back on hold (interest on interest).
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Example Savings: 350 euros stake (Ruby)
- Groceries per year ~3500 euro = 2% ~70euros
- Spotify = 12 * 10 = ~120 euros
- 25$ starting credit (link above)
- Airline tickets, online purchases, car maintenance ~3000 Euros = 2% 60 per year
- Income 6% interest at 1000USD stake = ~58 euros
Total: ~350 euros extra earned per year.
Example Savings: 3500 euro stake (Jade)
- Groceries per year ~3500 euro = 3% ~105euros
- 25$ starting credit (use link above)
- Netflix = 12 * 12euro = ~144 euros
- Spotify = 12 * 10 = ~120 euros
- 10% CRO interest = ~350 euros
- Airline tickets, online purchases, car maintenance etc ~3000 euros = 3% 90 per year
- Income 8% interest at 1000USD stake = ~76 euros
Total: ~950 euros extra earned per year.
Disadvantages
The disadvantage of the €3500 CRO stake is that you cannot sell CRO for 6 months. For example, if CRO drops 30% and then you sell it, you can make a loss. That’s why the €350 CRO stake is preferred. Even if CRO drops you will easily earn it back.
Another disadvantage is that your Visa Debit card does not offer credit card insurance. For your groceries, restaurant, or steam games no problem. But for some purchases for example shipment from abroad a real credit card might be a better solution.
