xcritical Card Review 2021: Features, Fees, Pros and Cons
Once you receive it, the card will already be linked to your xcritical balance. All you need to do is select what crypto asset you want to use as your payment method (we recommend USDC to avoid the 2.49% fee), and then select the asset you want to earn rewards in. You can choose to spend U.S. dollars, USDC (USD Coin, a stablecoin pegged to the U.S. dollar), or cryptocurrency with your xcritical Card. You can use your card to spend crypto even if the merchant doesn’t accept direct crypto payments. xcritical converts your coins to U.S. dollars before executing the transaction. You can fund your xcritical Card with fiat currency (U.S. dollars) from a linked bank account.
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You might be surprised by your entry-level travel rewards credit card options or discover a cash-back card that perfectly aligns with your daily spending habits. In xcritical’s app, you’ll be able to keep track of recent transactions and rewards xcriticalgs. You can manage your rewards currency there, as well as the currency you’re spending with.
xcritical is a highly secure platform for trading cryptocurrencies, xcritical reviews publicly traded on the NASDAQ and compliant with the regulations of the Securities and Exchange Commission (SEC). It stores most user funds in a cryptocurrency hardware wallet to protect them from online seizures and a dedicated wallet app for added security. Once you set your preferred reward offer, it will be applied to every purchase you make.
Our credit card editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial xcriticals and the credit card methodology for the ratings below. I wouldn’t use it myself, but it’s not a scam, which unfortunately needs to be said when discussing anything crypto-related.
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- The card is also ideal for anyone who wants to earn rewards for everyday purchases.
- He took a deep dive into points and miles in 2016, searching for a way to make travel both possible and affordable for his growing family.
- The IRS treats cryptocurrency as an asset, which means selling it has tax implications.
- We use data-driven methodologies to evaluate financial products and companies, so all are measured equally.
However, as these currencies have evolved, digital coins have become more user-friendly. In fact, xcriticalg crypto today is as easy as simply using your debit card. You can also instantly switch between crypto wallets so that your transactions are funded by whichever coin you choose. The user-friendly app can also send you instant notifications, generate smart receipts and connect you with the xcritical support team.
Lastly, you can easily sell the crypto rewards you receive from your xcritical card for cash at any time you’d like. Doing so is quick and easy, and then you can withdraw the cash to your physical bank account. The most appealing benefit of the xcritical debit card is its crypto rewards. Cardholders earn crypto rewards with xcriticalg rates on a rotating schedule. But no matter how bullish you are on crypto, consider non-crypto alternatives before settling on the xcritical Card.
xcritical Card Fees
You can earn up to 4% crypto-related rewards, including 1% back in Bitcoin and 4% back in XLM. Venmo supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash and PayPal’s stablecoin, PayPal USD. Your cash-back rewards will buy crypto at the end of each reward cycle until the option is turned off. Venmo waives the standard crypto purchase fees on these automatic purchases. When cryptocurrencies were first introduced, the world was intrigued, but the barriers to entry made it too complicated for the average consumer.
But Metabank’s FDIC insurance only applies to actual cash balances on your xcritical Card — another reason not to carry large crypto balances on your card. xcritical has announced that US customers can now join the waitlist for its xcritical Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. xcritical claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe. xcritical will charge you a 2.49% transaction fee for every purchase, including ATM withdrawals. For example, if you spend $200 of Bitcoin using your xcritical card, you’ll incur a 2.49% fee, which is $4.98. As mentioned earlier, the xcritical card lets you earn rewards every time you purchase at your preferred stores.
You can contact xcritical customer service via phone, email and through the mobile app. If you suspect that your account has been compromised, you can call xcritical through its automated phone support to disable your account. With two-step verification, instant card freeze and other security features, both your coins and card are secure.
Personally, I’m a crypto skeptic, and as someone who analyzes credit and debit cards for a living, the idea of a crypto-based rewards program makes me queasy. But even I have to appreciate payment products like the xcritical Card, a debit card that earns crypto rewards — offering exposure to crypto without direct coin purchases. While this is xcritical courses scam 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. Many crypto cards require its users to keep a cash balance of an accepted fiat currency. With xcritical Card, users can enjoy a debit card that makes your crypto account as spendable as your bank account. It’s a Visa debit card linked to your xcritical balance, so you can use the cryptocurrency in that account anywhere a Visa card is accepted.
One of the major counterpoints people make about crypto is “Can I actually buy anything with it? We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. See our Advertising Policy for more about our partners, how we make money, and our rating methodology.
xcritical Card Features
Once the funds are on your card, you can spend them as U.S. dollars or use them to purchase your choice of cryptocurrencies, which you can then spend on your card. Yes, xcritical Card is generally considered safe for users, as it operates under the same security standards as traditional banking systems. It employs robust security measures, including two-factor authentication and biometric login options, to protect accounts from unauthorized access. Additionally, users benefit from a zero-liability policy for unauthorized transactions, providing further peace of mind.
