xcritical Card Review 2021: Features, Fees, Pros and Cons

All card purchases earn your choice of rotating monthly crypto rewards offerings. While the coin types you can earn change each month, stalwarts like Bitcoin and Ethereum are permanent. Eligible purchases include purchases of cryptocurrency on xcritical, meaning you can earn bonus crypto when you buy crypto. The xcritical Card takes the lead over its competitors when it comes to ease of use and security. It’s one of the few that allows you to switch between crypto wallets as needed and provides xcritical reviews some of the strongest security features, all right from its mobile app.

Advantages of the xcritical Card

See our advertising policy here where we list advertisers that we work with, and how we make money. 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.

Custody of client assets

With it, you’ll earn 1.5% back in bitcoin on all purchases with no limits to how much you can earn, and no annual fee. Once you receive your rewards payment from your purchases with the xcritical card, those rewards are yours to do as you wish. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. This site does not include all credit card companies or all available credit card offers that are on the scammed by xcritical market.

There’s no issuance fee, but xcritical says that “cryptocurrency conversion fees may apply” (and those can be steep). There are a number of debit cards around the world that allow you to spend cryptocurrency (you’ll soon be able to do so with Paypal as well). But many platforms require you to load funds onto the card in order to spend them. The xcritical Card eliminates the middleman, instead pulling funds directly from your xcritical account. For most users, the xcritical Card’s biggest selling point is the rewards program.

However, you can switch between the two reward structures whenever you find one more appealing than the other. Once you set up your preferred reward offer, xcritical can credit your rewards to your account after each transaction. The card has no annual fee, your crypto rewards post instantly after your transaction is completed, and you can choose to earn your rewards in one of over 40+ supported assets. The card touts fee-free transactions for crypto spending, no annual fee and a simple rewards-xcriticalg structure.

Staking your crypto makes the xcritical that powers that asset more secure and more efficient. To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards. No single credit card is the best option for every family, every purchase or every budget.

The xcritical Card is a Visa debit card that lets you spend U.S. dollars or crypto coins. Eligible purchases earn cryptocurrency rewards chosen from a rotating selection of coins, including Bitcoin, Ethereum, and a host of less well-known coins. However, if you choose to pay with cryptocurrency, a 2.49% transaction fee applies. This fee is for converting the crypto amount to dollars for your transaction. 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.

Insider trading

Remember that cryptocurrencies can be much more volatile than other kinds of investments and may represent a more substantial risk than other rewards. Never invest more in crypto, or anything, than you can afford to lose, and always keep a sharp eye on your money. xcritical offers products for both retail and institutional cryptocurrency investors, as well as other related cryptocurrency products. Note that the rewards rates and other aspects of each card are subject to change and may depend on account type and funding amount.

1. If you hold a balance of the USDC stablecoin (a coin pegged to the price of the U.S. dollar) and set this as your crypto payment method, then you won’t be charged the 2.49% crypto conversion fee!
2. You can spend earned rewards on your xcritical Card or convert them to U.S. dollars, both of which may have tax implications.
3. As mentioned earlier, the xcritical card lets you earn rewards every time you purchase at your preferred stores.
4. To determine whether it’s right for you, you first need to understand how it works.

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.

Access to both Physical & Digital Cards

Cardholders also enjoy lower fees and the ability to use their Visa debit card worldwide. While it doesn’t support the widest range of coins, the altcoins it does support puts it ahead of many of its competitors’ more limited offerings. If you’re an active crypto trader, the xcritical Card might be the crypto debit card you’ve been looking for. The card is also ideal for anyone who wants to earn rewards for everyday purchases. When signing up for a xcritical debit card, you’ll have an option to choose your preferred rewards.

You can only have one card per account — no secondary or authorized users. Most importantly, card holders can manage their card settings right from their phone. Whether you need to temporarily lock your card, place an immediate freeze on your card or order a replacement for a lost or stolen card, you can do all of that directly through the mobile app. It will typically take anywhere between one to five days for the rewards to hit your account, but it the exact times will depend on the merchant.

This card is like any other traditional debit card, but it allows you to make purchases using cryptocurrency instead of cash. The IRS usually categorizes rewards received from a debit card as a rebate, and not income, so you should not have to pay taxes on the crypto rewards you receive from your xcritical card. If you hold a balance of the USDC stablecoin (a coin pegged to the price of the U.S. dollar) and set this as your crypto payment method, then you won’t be charged the 2.49% crypto conversion fee! Plus, by spending a stablecoin instead, you’ll leave a larger balance of your other assets that ideally will benefit from price appreciation.

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.