Since Coinbase's rewards are lower than before, I've been trying to figure out the best debit card out there for us in the USA. I'm currently using Coinbase's and just signed up for Robinhood's.
Coinbase:
Rewards:
1% XLM, 0.5% USDC, Bitcoin, ETH, Polygon on every purchase
Strategy: XLM best choice for now. XLM fluctates between a modest $0.07 to current $0.15 to $0.66 best case scenario in a bull run
Instant Reward Withdrawals: Yes
Pros: Convenient, easy to use, easy signup
Catch: None
Robinhood:
Reward: Roundups to the next dollar of purchases (ex: $4.20 spent = $0.80 roundup reward to stock/crypto of choice), 10-100% bonus of the roundup
Strategy: Use on smaller purchases
Instant Reward Withdrawals: No
Pros: Easy earnings on smaller purchases
Catch: roundup bonus caps up to $10 a week, and shows up on the following Monday, anywhere Mastercard is accepted
Nexo:
Rewards: 2% back in NEXO or 0.5%BTC for every purchase for platinum cards
Instant Reward Withdrawals: 5 free withdrawals per month
Strategy: ?
Pros: NEXO price is decent, fluctuates between $0.60-$0.75, and around $3.00-$3.40 best case scenario in bull run
Catch: have to hold at least 10% of NEXO in portfolio, $200 monthly limit on crypto rewards. Trading NEXO to USDC or other tokens may be considered a taxable event(?)
Crypto.com Cards:
Instant Reward Withdrawals: Yes
Strategy: ?
Catch: Have to be comfortable holding CRO as all benefits require holding the token. Benefits can be used immediately but CRO is locked up for 180 days
Pros: Free memberships and other perks if you have expendable cash
Ruby ($400 worth of CRO)
1% CRO cashback up to a $25 monthly cap
Jade Green ($4,000 worth of CRO)
2% CRO cashback up to a $50 monthly cap; Monthly reimbursements for Netflix ($13.99), Spotify($13.99)
Icy White/Rose Gold ( $40,000 worth of CRO)
3% Cashback with no monthly cap; Monthly reimbursements for Netflix ($13.99), Spotify($13.99), Amazon Prime ($14.99), Expedia ($50), Airport Longue + 1 Guest
Obsidian ($400,000 worth of CRO)
5% Cashback with no monthly cap; Monthly reimbursements for Netflix ($13.99), Spotify($13.99), Amazon Prime ($14.99) , Expedia ($50), AirBnb ($100); Airport Longue + 1 Guest
Overall, at least for me, the only cards worth it are the Jade Green and IcyWhite/RoseGold for the Netflix, Spotify and Amazon benefits. But, it may not be worth locking up $4,000/ $40,000 of your cash if it needs to be liquid for two/three memberships that cost around $312-$648 annually, and for cashback that caps at around $50 monthly at 2% or a $40,000 hold for 3% cashback
Other Cards:
Plutus, Binance Card, hi
Arent available for those in the U.S.
Summary:
With Nexo's 2% cashback and a price around $0.6 to $0.75, I think it's the best option for now and a future bull-run.
Are there any other good cards out there that I left out?
EDIT: Dang, just learned NEXO's card isnt avaliable for the U.S....
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