And Crypto.com Card rebate reduced too
I hold a US$400 staked Ruby Steel card, and they have reduced the rebate from 2% to 0.5%. That is a 4x reduction at once, effective once the 6-month stake expired. They even introduced a rebate cap of $25 per month..
At 0.5% rebate, it is much worse than bank’s credit cards.
Also, they have scrapped the 10% CRO rewards for Jade Green card and above! Oh gosh.
So, goodbye to my beautiful metal VISA card too 👋🏻
UPDATE: Revised after backlash
Revised Card Rebates:
- Ruby Steel: 1%
- Royal Indigo / Jade Green: 2%
- Icy White / Frosted Rose Gold: 3%
- Obsidian: 5%
So my Ruby Steel dropped from 2% to 1% (instead of 0.5%). That’s more acceptable.
The rebate cap remains.
To entice users to stay, and to upgrade, they will also waive the $50 card reissuance fee. I can upgrade my Ruby Steel to Jade Green without paying for an extra $50, and continue to enjoy the current rewards (during the 180 days staking period) if I upgrade by May 31st – that is indeed attractive.