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.
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.
You can check your monthly spending allotment by logging in to the xcritical app and viewing your account. You automatically earn crypto rewards as you spend, and xcritical drops the coins into your xcritical account. You can spend earned rewards on your xcritical Card or convert them to U.S. dollars, both of which may have tax implications. As simple and user-friendly as the xcritical Card is, I wouldn’t recommend it to anyone who’s not willing to lose their entire rewards balance if the underlying coins go to zero. And spending crypto with the xcritical Card can have significant tax implications because the IRS treats such transactions as asset sales. So before you apply for the xcritical Card, be sure you understand how it works, its risks, and its limitations.
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.
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.
xcritical Rewards Visa® Signature Credit Card
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- Like owning stocks, owning cryptocurrency is inherently risky and presents the very real possibility of principal loss (losing your initial investment).
More annoying is the xcritical Card’s spending limits, which it calls spend allotments. Being able to spend your preferred crypto coin sounds pretty cool, but there’s a catch. The IRS treats cryptocurrency as an asset, which means selling it has tax implications. If your crypto has gained value, you could incur a significant tax hit when you spend it. Once your xcritical Card account is active, you can immediately begin using the digital version of your card for online purchases and at real-world merchants that accept Apple Pay or Google Pay. Find the card number and CVV (card verification value) code in your xcritical account (online or in the xcritical mobile app).
How do you use the xcritical card?
What’s more, xcritical gives you the flexibility to choose your preferred reward structure, with the ability to toggle between the two whenever you see fit. This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points. Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times. While that might feel like an inconvenience to some, the company is usually good about responding promptly to email support requests. Jerod Morales is a deputy editor at Forbes Advisor and a travel rewards expert.
What do you want to do with money?
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.
The xcritical Card is a Visa debit card that xcritical 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.
xcritical Debit Card Review – Up to 4% Back in Crypto
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 market.
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.
Make your money work for you
The xcritical Card isn’t the only crypto debit card available to U.S. users. One of its better-known competitors is the Crypto.com Visa Card, which has multiple tiers that depend on how much crypto you passively invest in on Crypto.com. If this sounds like something you’re interested in, you can join the waitlist via the xcritical app. It’ll be a bit of a wait — xcritical says the first customers will be approved “this winter.” As soon as you’re approved, you’ll be able to start spending with a virtual card. You’ll get your physical card in the mail “within two weeks.” You, of course, need to have a verified xcritical account in order to use the card.
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.
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 scammers 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 some of the strongest security features, all right from its mobile app.
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.