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Crypto.com nerfs card rewards program

Crypto.com announced that it is massively nerfing its existing Card rewards program from 1 June 2022 with reduced earn rates, capped rebates and elimination of CRO staking rewards.
Crypto.com nerfs card rewards program

Crypto.com announced that it is massively nerfing its existing Crypto.com Visa Card rewards program from 1 June 2022.

  • CRO card rebates will be approximately halved
  • CRO card rebates will now be capped
  • CRO card staking rewards will be reduced

CRO card rebates will be approximately halved

Before After
Card Tier No Stake Active Stake No Stake Active Stake
Midnight Blue 1% 1% 0.0% 0.0%
Ruby Steel 1% 2% 0.0% 1.0%
Royal Indigo / Jade Green 1.50% 3% 0.0% 2.0%
Icy White / Frosted Rose Gold 1.75% 5% 1.0% 3.0%
Obsidian 2% 8% 2.0% 5.0%

The above table reflects the new CRO cashback rebates rate from 1 June 2022.

Across all tiers, the active stake cashback rebates will be reduced. For example, Royal Indigo and Jade Green holders will now receive only 2% CRO rebates when having an active stake instead of 3% previously.

Those with an active 6-month stake who staked before 1 May 2022 will continue to earn CRO Card rewards on spending at the current rate until their 180-day stake expires.

UPDATE (5/5/22): Crypto.com announced further adjustments in CRO card rewards for Ruby Steel and Jade Green/Royal Indigo card member for those with an active stake.

CRO card rebates will now be capped

There is a maximum monthly cap CRO rebates when you spend on your Crypto.com Visa Card for lower tier metal cards.

Card Monthly CRO Card Rewards Cap (in USD or the local fiat equivalent) Equivalent monthly spend
Ruby Steel $25 $5,000.00
Royal Indigo / Jade Green $50 $3,333.33
Icy White / Frosted Rose Gold No cap -
Obsidian No cap -

For example, if you own a Ruby Steel Card, your monthly CRO Card rewards will be capped at US$25 or the local currency equivalent. For Singaporeans, this amount is approximately S$35.

Translating to actual spend at the new CRO rebate rates, you should hit a cap of approximately US$5000 for the Ruby Steel Card and US$3333 for the Royal Indigo and Jade Green Card.

CRO card staking rewards will be reduced

Jade Green, Royal Indigo, Frosted Rose Gold, Icy White, and Obsidian cardholders with an active 6-month stake and who staked before 1 May 2022 will continue to earn Card CRO staking rewards at the current rate until their 180-day stake expires.

Following the stake expiry, the revised rates will apply:

  • 8% p.a. for Private Members with an Obsidian, Icy White, or Frosted Rose Gold Card
  • 4% p.a. for Jade Green or Royal Indigo cardholders

Previously, card stakers will receive between 10% to 12% annually for staking CRO with rewards paid weekly. Going forward, there will be no more staking rewards.

UPDATE (3/5/22): Crypto.com announced that it will not fully eliminate staking rewards for metal cardholders.

Existing benefits like 100% rebates on Netflix and Spotify remain

There is no change to other card benefits – you will continue to receive 100% reimbursements subscription services like Spotify, Netflix, and Amazon Prime.

These reimbursements will be excluded from the calculation of your monthly CRO cap. Furthermore, those that hold selected metal cards can continue to enjoy unlimited complimentary LoungeKey™ airport lounge access.


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