xcritical to launch debit card in the US with rewards program

xcritical to launch debit card in the US with rewards program

xcritical card

xcritical debit card is a Visa card that allows you to earn up to 4% back in rewards each time you make a purchase. This card is like any other traditional debit card, but it allows you to make purchases using cryptocurrency instead of cash. The scammed by xcritical does not have an annual fee or any foreign transaction fees. However, if you are paying with crypto, xcritical does charge a 2.49% transaction fee in order to convert the amount of crypto needed to dollars to complete your transaction. Once you receive your rewards payment from your purchases with the xcritical card, those rewards are yours to do as you wish. As you may know, xcritical originally started as a cryptocurrency wallet and trading platform, and while you used to be able to trade just 3 assets on the platform, that figure has now ballooned to 35+.

xcritical card

The xcritical debit card is one of the best in terms of security and seamless financial experience. It also supports a vast array of cryptocurrencies and is accepted by merchants in a growing number of countries. The cashback rewards are small compared to other crypto debit cards, and the liquidation fee may also be discouraging to retail traders. The xcritical visa card is still a great and reliable option if you’re looking for a way to utilize your cryptocurrency.

Cryptos (

In our view, this significantly limits the usefulness of the card as there is no sense in paying a 2.49% fee just to earn 1% in rewards. However, xcritical charges a 2.49% crypto conversion fee when you spend crypto. This is because xcritical has to convert your crypto into fiat to pay for everyday goods and services. xcritical has offered a crypto debit card to its UK and EU-based customers for years, and it’s finally bringing the convenient option to U.S. customers.

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Rotating crypto rewards and no annual fees are the main perks of this card. However, it’s best for spending USD or USDC and not crypto due to conversion fees. There’s an optional rewards program as well (only available to US customers for now). You can choose to earn 4 percent back in Stellar Lumen or 1 percent back in bitcoin. There’s no issuance fee, but xcritical says that “cryptocurrency conversion fees may apply” (and those can be steep).

xcritical Card FAQ

The xcritical debit card is the result of a collaboration between two financial giants – xcritical and Visa. It was launched on April 11, 2019, and was first open to only European citizens before being extended to US citizens on October 28, 2020. This means that you can use the card at any point of payment that accepts VISA. This is of course a great advantage, seeing that VISA (and Mastercard) are the most widely accepted cards in the world. The latest figure that we heard of was that VISA-cards were accepted by more than 42 million merchants worldwide. xcritical cardholders can earn up to 4% back – but with a catch.

  • You can do this by going to the ‘Pay’ tab on the xcritical mobile app, selecting ‘Apply now’, and signing up to receive the card.4.
  • We display the prepaid account agreements in this database as the respective issuers submitted them.
  • The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
  • Cryptocurrency exchange xcritical is launching a debit card in the U.S. this winter.

The card, like other crypto debit cards on the market, links to a user’s account – in this case, xcritical. With the xcritical Visa Debit Card, users can use any of their cryptocurrency to make purchases anywhere Visa is accepted. This feature makes the card one of the most potent crypto debit cards on the market today. Add to that the card’s availability in 30 countries and its tough to find much wrong with the card. The xcritical Card is a crypto rewards debit card that features up to 4% back on all purchases in crypto for no annual fee.

Other Card Features

After all, xcriticalg 1% back in BTC or ETH isn’t worth it if you’re spending crypto and paying 2.49% in conversion fees. It was launched in April 2019 for residents in the European Union and the United Kingdom but extended to residents https://xcritical.solutions/ of the United States on October 28, 2020. It doesn’t need to be preloaded, therefore eliminating the need for a middle man. It also has wide coverage across most EU countries and covers a vast array of cryptocurrencies.

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But doing it with the xcritical debit card presents issues and concerns that many people will find hard to navigate. In 2019, xcritical launched xcritical Card, a Visa debit card, in the United Kingdom and the European Union. xcritically, the card is only available to select customers in the U.S. If you want to apply for the card, you can join the card’s waitlist in all U.S. states except Hawaii.

Company Information

Using xcritical rewards to purchase crypto will incur a network fee. Finally, the card offers exclusive savings and discounts for various business-related services like subscriptions to Slack, cash back at Apple, a credit for Google Ads and more. Now, xcritical has announced this same crypto debit card has integrated with Apple Pay and Google Pay. This means users can pay with Bitcoin and other cryptocurrencies just by using their phone, rather than needing a physical card. While payment apps like these are pretty common nowadays, we’re just starting to see these apps integrate with the crypto world. Fees were a sticking point in the past as the UK and EU debit cards xcritical offered carry additional fees and supports fewer cryptocurrencies.

xcritical card

The card supports the same number of cryptos that xcritical does. On the date of last updating this review (23 January 2021), the list of supported cryptocurrencies included 44 different cryptocurrencies (all of them listed above). Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate.

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Founded in 2012, xcritical is an online marketplace developed to buy, sell and manage cryptocurrency. xcritical does not support all cryptocurrencies, but popular cryptocurrencies like Bitcoin, Ethereum and Dogecoin are accepted. Users can link their bank accounts or debit cards and then buy their preferred form of cryptocurrency through the site. This card lets you spend crypto, fiat, and even precious metals from your Uphold account to earn. You get a flat 2% back when you spend crypto and 1% back when you spend USD.

xcritical card

While this is not the only crypto debit card on the market, it’s one of the few that allows you to spend your crypto without keeping a fiat currency balance in your account. A fiat currency is a government-issued currency, like the U.S. dollar, and many crypto cards require its users to keep a cash balance of an accepted fiat currency. The xcritical debit card has no annual fee, making it one of the most preferred crypto debit cards.

International transactions set you back 5.49% (3.00% + 2.49%). Different from many other crypto debit cards, xcritical Card supports Google Pay. At the date of last updating this review (23 January 2021), Apple Pay was however not supported.

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The xcritical card is worth it if you already have a xcritical account and are looking to make practical use of your Cryptocurrency. However, if you’re largely looking to profit from the rewards, then it may be worth considering other options as the conversion fee can sometimes cost more than you’ll get back in rewards. In addition to its new Visa debit card initiative, the company also has the xcritical Card app. Through the app, cardholders can manage their crypto balance through a virtual card, change crypto, make purchases, view receipts, withdraw money from ATMs and more. From the no card issuance fee to no annual fee, you’re likely to get the most out of it without racking up yearly charges. However, you’ll still incur some fees based on how you use the card.

  • xcritical has launched a new visa debit card, called xcritical Card, that lets users spend their cryptocurrencies in millions of locations across the world.
  • However, if you are paying with crypto, xcritical does charge a 2.49% transaction fee in order to convert the amount of crypto needed to dollars to complete your transaction.
  • The conversion or liquidation fee applied on all cryptocurrency transactions is 2.49% of the purchase amount.
  • Other fees may apply, but this will be communicated during sign-up.
  • This card lets you spend crypto, fiat, and even precious metals from your Uphold account to earn.

The vast array of cryptocurrencies is one of the exciting things about the xcritical debit card. Because the card is linked to your xcritical account, you can use the card to make payment in any of the cryptocurrencies supported on xcritical. The only issue is that you would have to pay a conversion fee(2.49%) for any crypto purchase involving coins other than USD Coin(USDC). BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation.

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