Crypto.com’s card was formerly known as the MCO Rewards Visa. It is a good reward card targeted at cryptocurrency owners looking for the easiest way to access their crypto investments and turn them into usable currency.
Before the advent of crypto payment cards, crypto investors were challenged to access their funds for usage.
These days the introduction of this smart card has made life easier for everyone, especially cryptocurrency owners.
They can run their transaction with a flip of a finger without difficulty or fear of losing money. The card enables users to load their crypto funds to their cards and change them into the fiat currency of their choice.
Crypto.com Smart Card
A Crypto.com smart card (limited to CRO token owners) has special features like a metallic appearance, beautiful craft, CRO rewards to holders, airport lounge access, and many more to save Crypto.com App users a lot of money!
While commercial banks charge their customers hundreds of dollars per annum for metal cards, Crypto.com offers them to their CRO token holders without any charges, no monthly fee, no annual fee, no shipping fee, or a setup fee.
Crypto.com is completely free! The user’s only responsibility is to own CRO tokens and pledge them for 180 days only.
Also Read: Is Crypto.com FDIC & SIPC Insured?
How to Apply for a Crypto.com Card?
Steps for Applying for Crypto.com Smart Card:
Step 1: Register for Crypto.com Smart Card
Enroll in the Crypto.com smart Card by downloading the Crypto.com mobile app and completing the “know your customer solution (KYC).”
Step 2: Apply for the Smat Card
Once you’ve downloaded the App and completed the KYC. Immediately, go to the “Card” interface located at the lower right corner of the Crypto.com mobile app.
After that, select your best card tier and bet the respective equivalence of the CRO.
Here are 3 steps you should follow to this;
a. Accept their Terms & Conditions
b. Ensure you have enough CRO in your Crypto.com wallet to stake for 180 days.
c. Submit & confirm the address of delivery.
Step 3: Shipping and Receiving
When your Crypto.com smart card is ready, the user will be notified to update the App and stake CRO if he has not done that.
The card status will be revamped in your app once all of the above steps are met, and then the card is being shipped.
Also Read: How Does Crypto.com Work?
How to Upgrade Crypto.com Card?
Steps to upgrade your Crypto.com Smart Card:
Step 1: Confirm Enough CRO in the Crypto.com App
Firstly, ensure you have available USD 5000 worth of CRO. If you don’t have it, make sure you top up to reach it.
Step 2: Upgrade Betted CRO Amount
Go to the CRO Wallet in the Crypto.com app, tap on upgrade and follow the steps.
After upgrading your stake, the Crypto.com App will show you a page asking you if you want to upgrade your card immediately. You can choose to skip that or land to chat with customer service support.
Step 3: Top Up Your Crypto.com Smart Card to Pay for the Upgrade
Reissuing a new card involves paying a fee of USD 50. So go ahead and top up your Crypto.com smart card balance first.
Step 4: Contact Customer Care Service for Final Upgrade
The final upgrade requires some manual activities from the customer service, so contact them via the chat button on the top right corner of the app. Please choose your options on the drop-down menu and wait for their response.
Note that the old card will be banned during the upgrading process; funds remaining in your Crypto.com wallet will be transferred into the new card.
Reasons for Upgrading Crypto.com Card?
There are several reasons why Crypto.com card users want to upgrade their cards. Among many are;
- To unlock their $25 worth of CRO bonus on registration.
- To enjoy 10% betting interest on the staked CRO.
- To earn greater interest on the periodic deposits with ‘Crypto Earn.’ and get higher CRO cashback percentages with their spending on the smart card etc.
Also Read: How to Contact Crypto.com?
Crypto.com Card Upgrade Fees
As stated earlier, reprinting a new card for crypto.com users who want to upgrade their cards costs a service fee of USD 50. This feature is only available for users whose address has been reviewed. If your provided address proof is still on review, please wait to complete it before the upgrade.
Crypto.com Upgrade Time
For cardholders, it is recommended that you wait for 7-15 business days from the day your request was approved to receive a new card.
Crypto.com Replacement Card
You can lose or damage your Crypto.com smart card. When this happens, you can request for card replacement.
First, please freeze your Crypto.com smart card in the app and immediately contact the customer support team via the chat icon on the app or send an email to firstname.lastname@example.org.
When this is approved, a replacement card will be issued, and a service fee of USD 50 may apply.
Also Read: Cryptocurrency Burning Meaning
Crypto.com Card Levels
Every card has its limit, so does the Crypto.com smart card too. The card levels involve all the card limits such as the exchange rate of interbank, Free transaction of ATM withdrawal, and top-up.
You may check for the fees by visiting the Settings in the Fees & Limits on the crypto.com app.
The fees and limits according to the card types have different ranges like the lowest limits for midnight Blue and the highest for the Obsidian. Therefore, be careful when checking the correct card tier.
The above-mentioned details are given to help you know how you shall apply or upgrade for a crypto.com card.
You can take help from crypto.com’s customer support if you are not able to get anything.
Eventually, you can start taking advantage of the different types of cards provided by crypto.com.