I was doing a search on best Crypto debit cards for USA residents and Crypto.com MCO card came up a few times. I realize the best card depends on the user needs but I am looking for a safe card with no or minimal fees that provides cash back on purchases. I don’t care how many crypto currencies it supports since I only use bitcoins. I don’t care about many funding options since I will just transfer btc I already own directly to fund the card. I plan to use the card for many purchases so I do not want any fee to apply when using the card and prefer to receive some type of bonus for purchases.
The Crytpo.com MCO basic card is free and gives 1% rewards but I might be interested in the 10,000 CRO stake card. I’m not sure I understand the stake but it appears I would need to transfer btc worth 10,000 CRO (I think this is approximately $1,000 USD based on current price of $0.10) and I would need to maintain this 10,000 CRO in the account for 6 months and then I would get the better benefits of the 10,000 CRO stake card, including 3% rewards and refund on Spotify/Netflix monthly fees and higher levels for free atm withdrawals. I’m not sure if I must maintain the 10,000 CRO for 6 months straight in some separate account or if I can use my initial btc deposit of $1000 usd that I want to use for purchases to qualify for the staking. I guess if the price of CRO drops during the 6 month staking period then when I try to transfer it to my USD balance for purchases if would be worth less than $1000. I’m not sure if the 3% rewards are really worth 3% cashback.
Anyone use a Crypto.com MCO card that can provide any feedback or better explain this staking?
I realize many people use the bitpay card but I make large spend purchases and prefer a card with some type of purchase bonus. If there is a better card option please let me know. Thanks.