Just received this email:
"Dear Valued Customer,
Since its launch in November 2018, the Crypto.com Visa Card has grown to become the world’s most popular crypto-linked card programme and is now available in over 60 countries. In an effort to ensure long-term sustainability of our card programme – with the primary purpose to enable cardholders to spend their crypto safely and easily – we are adjusting our merchant benefits programme.
Revision of Merchant Rebates Benefit Existing Jade Green, Royal Indigo, and Ruby Steel Crypto.com Visa Card holders who activated their Card before 23 July 2022, 15:00 UTC will enjoy the merchant rebate benefit(s) (Spotify, Netflix) available through their Card tier and subject to current conditions for six more months (until 23 January 2023, 15:00 UTC). Thereafter, cardholders will not receive CRO reimbursement(s) when spending with these merchant(s). Instead, cardholders receive up to 2% back when spending with these merchants, depending on their Card tier.
Private Members holding an Icy White, Frosted Rose Gold, or Obsidian Card will continue to enjoy their existing merchant rebate benefits.
For Cardholders Who Upgrade after July 23, 2022, 11:00 EST For cardholders that upgrade their Card tier or CRO stake, they will get to enjoy the merchant rebate benefit(s) offered with the new Card tier for six months starting from the date of their upgrade. The extension of benefits when upgrading applies to all new and existing cardholders. The extension of benefits when upgrading applies to all new and existing cardholders who are upgrading above their highest previously staked Card tier (please see FAQs for more details).
Merchant rebate benefits will not expire after six months for cardholders upgrading to the Obsidian, Icy White, or Frosted Rose Gold Card, for as long as the cardholder maintains one of these cards. Find out more about the Crypto.com Private membership here.
No Changes to Other Card Benefits There is no change to the other Card benefits, and you can continue to enjoy up to 2% back on your spending. We are exploring new partnerships to unlock greater value and benefits for our cardholders, such as our recently announced partnership with Dosh—offering U.S. cardholders up to 10% in additional rewards at over 10,000 popular brands"
We all knew that this wasn't sustainable but the speed at which these changes are happening is ridiculous.
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