This was posted 3 years 1 month 21 days ago, and might be an out-dated deal.

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Crypto.com Australian Virtual Visa Card, Stake $500 CRO for Free Spotify Premium & 0.5% CB with Ruby Steel

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Crypto.com Australian Virtual Visa Card, Stake $500 CRO for Free Spotify Premium & 0.5% CB with Ruby Steel
Go to Deal
easternculture on 01/11/2021 - 16:44 crypto.com (3916 clicks)
Last edited 03/05/2022 - 10:16 by 1 other user

Just got the email that crypto.com now are issuing aussie debt visa cards. The are starting with virtual but will soon have physical cards.

Also stake $500 worth of CRO for free spotify premium and 2% 0.5% Cashback with ruby steel card.

Update 1 May 2022: Cashback for Ruby Steel Card reduced to 0.5% (Was 2%)

Notes:
This card is issued by Foris GFS Australia Pty Ltd, holder of Australian Financial Services License No. 467462 (AFSL) issued by the Australian Securities and Investments Commission and a license from Visa Worldwide Pte Ltd.
Please go to Crypto.‌com Visa Card - Rewards for more details about card benefits and perks.

Referral Links

Referral: random (252)

Up to US$200 worth of CRO cryptocurrency for referrer & referee after referee completes the following in the first 30 days.

Receive US$40 worth of CRO with $100 worth of crypto trade in the first 30 days.
Receive US$60 worth of CRO with $50 deposit and use it in crypto trade in the first 30 days.
Receive US$100 worth of CRO with reservation of a metal crypto.com card in the first 30 days.

Turn off adblocker when attempting to obtain a referral link

Entertainment Cashback Cryptocurrency Debit Card Music Streaming Prepaid Card Spotify VISA

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Crypto.com
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closed Comments

        • Malik Nasser on 01/11/2021 - 22:37

          I am not sure about cashback rewards. As this is used for transactions, it may be classified as a personal use asset and tax exempt. You will need to speak with a tax expert or find information elsewhere from others.

      • tunzafun001 on 02/11/2021 - 10:35

        ..then a hack or flash loan attack etc happens..and then a totally different token is offered as compensation. Who on Earth is going to be able to track that in real time in AUD. Same for staking. Should be AUD value of crypto out vs AUD value of crypto going in to an exchange. The moment out is more than in, a taxable event occurs.

        • Nom on 02/11/2021 - 10:40

          …then a hack or flash loan attack etc happens..and then a totally different token is offered as compensation. Who on Earth is going to be able to track that in real time in AUD.

          The various crypto tax services all track that (and every other coin) in AUD. As long as you've exported your CSVs, or linked the API, or connected the wallet address, then all is well with token swaps 👍

    • Nom on 02/11/2021 - 10:48

      For the current users, how did you deal with taxes with increases in values of crypto while you held it?

      @Joz2988 you need to use a crypto tax service. There are plenty, and they automate the calculations for you. You won't be able to do it manually…

      The basic process is : Export CSVs of all your data from all your providers. Import the CSVs into the tax service you like. Click "Calculate".

  • djsweet on 01/11/2021 - 17:16
    +2

    I like the idea of this. But, can I start getting the Spotify rebate and 2% cashback right away? Sounds like people have been waiting for ages for their card. With Revolut I could utilize all features instantly with the virtual card - is this the same?

    • bonezAU on 01/11/2021 - 17:59
      +1

      Virtual cards just started rolling out today for new users, you can claim the Spotify rebate and 2% cashback immediately on the Ruby tier.

      Existing users who have Singapore issued cards will begin a migration process over to AU cards in the coming weeks.

  • lisaped on 01/11/2021 - 17:18
    +1

    I have been with Crypto com since Feb and their support team was very helpful. It took a while for them to issue my Ruby Steel card but I get my Spotify free now but you do have to charge it to your crypto.com visa card first. They then reimburse you. I get cash back for every purchase too. Patience pays off, but oh boy, i came to the point of frustration myself. I have nothing to do with them by the way, Im just a happy customer (but only after I received my card, lol!) I learned about crypto through their app, really great for newbies who are just too green to face the learning curve of exchanges. It definitely was scary to trust a company based in HK (in effect China) with your KYC details. But they I read up and learned they endeavoured to obtain all the financial accreditations they could. No issues encountered except for once when their app was down and i couldn't see my balance, whoa that was frightening but issues were resolved in a few days. they realised they were getting too popular and had to beef up their capacity for web traffic.

    • balloontree on 02/11/2021 - 08:34

      Will they be moving their hq to Sunnyvale anytime soon? I trust Singapore more than Hong Kong (China)

  • CHAV3Z85 on 01/11/2021 - 17:19
    -6

    Title in English please?

    • Lucille Bluth on 01/11/2021 - 20:13
      +1

      Title makes sense to me. What part don't you understand maybe we can help you.

  • starbearer on 01/11/2021 - 17:26

    Had a few questions. Would really appreciate if someone can shed some light

    1. when you stake the 500, does that mean you need to put in another amount of money apart from the 500 to spend on Spotify, and then be reimbursed? Or do they debit from the staked 500?
    2. Since this is in AUD now, do they support pay-id for instant transfers?
    3. How do taxes work on the 2% staking rewards?
    4. How do taxes work on the air drops?
    5. Similar to q1, for any purchases from the card, does it need to have an equivalent amount of CRO in the wallet?
    6. Any idea on the forex fees for this card?
    7. Once the 6months of staking are over, do you get reimbursed for spotify indefinitely? Or do you need to maintain any balance in the wallet?
    • Slippery Otter on 01/11/2021 - 17:34
      +3
      1. You buy $500 worth of CRO. Stays in your crypto wallet in the app. Lock it in stake for 6 months which gives you the benefits as you mentioned. There is a seperate section for the visa card.
      2. Yes since October 2020
      3. Must declare all of it as income to the ATO. I just work out all my units and avg price. Too hard to work out every single transaction.
      4. Work out all your airdrops as a total and declare it as a capital gain or interest. (ask your accountant)
      5. There is a Visa card section in the app, it can have no money and you will be fine.
      6. Support 7 currencies: AUD,SGD,USD,EURO,British Pund, Yen and Hong Kong Dollar in the VISA CARD section. You can exchange any currency any time.
      7. After 6 months you have all your benefits and you can unstake anytime.
    • tajid on 01/11/2021 - 17:38
      +2
      1. Yes. Anything staked is not touchable for 6 months. So for purchases, need to add $500.
      2. Yes, though some banks have some holding period, up to 1 day, when payid to crypto platform.
      3. I believe capital gain at the time you sell.
      4. Income according to ATO.
      5. You need AUD in the card.
      6. Around 0.5% to 1% compared to mid market rate on XE.
      7. As long as staked.
      • FredAstair on 02/11/2021 - 12:57

        Additional:
        Tax also can occur with trading of coins and from what Ive heard, also interest earned from their staking, supercharger events, etc.

        But overall still a winner for me.

    • Malik Nasser on 01/11/2021 - 18:21
      +1
      1. Staking rewards will be taxed as income
      2. Airdrops will be taxed as income, but if sold will then also be taxed as capital gains (with cost base at price when received / valued for income tax - so not double taxed)

      EDIT: Actually on reading one of the below comments, this may be classified as a personal use asset, and may be free from taxes (as you are using it for buying and selling rather than for direct investment). Best you check with your tax advisor.

  • zilver on 01/11/2021 - 17:27
    +13

    PLEASE BE AWARE

    This company has been accepting applications and not fulfilling the cards for over a year

    https://www.reddit.com/r/Crypto_com/comments/pi87rx/australi…

    They have been lying about the situation the whole time

    They continue to advertise this but nobody has received the card for a very very long time

    They will fight you over literally everything possible when it comes to rebates

    They actively mislead you if you talk to their support

    • Janko on 01/11/2021 - 17:28
      -1

      No wonder Crypto.com sponsor the UFC.

    • tagin on 01/11/2021 - 17:33
      +1

      I was waiting ages as well. Then they released news that the Australian card is now available, and now just today I received notification my virtual card is available.

      • zilver on 01/11/2021 - 17:57
        +3

        The difference is that you can get a virtual card anywhere without having to stake $500 for six months

        To me, the big issue is NOT the card, its actually the fact that they LIE and say that there is no issue, just a big backlog, and your card will come soon. Meanwhile, they do not issue cards to ANYONE for over a year but continue to advertise and accept new customers based on the promise of a card. They have no affiliate bank or banking licenses for Australia and have no planned date or timeline to getting that. The cards issued in the past were issued by a Singaporean bank until they actually lost their license in Singapore.

        They have repeatedly claimed that these problems are due to UNPRECEDENTED DEMAND (while continuing to advertise and accept new customers) which is a 100% lie. Only when pressed for MONTHS on reddit did one representative (Jacob) finally admit it is a lie and the real issue is because they are unable to obtain banking license or affiliation for Australians.

        Most likely you will NEVER receive a physical card. There was never ANY warning that you may be waiting for this card for more than 14 days (delivery time).

        Meanwhile you have to stake a cryptocurrency deposit for 6 months which could easily crash and lose a percentage of your deposit.

        • FredAstair on 02/11/2021 - 13:09

          Nope.
          They were open with me.
          That's why I waited for the australia thjhg to be resolved before I upgraded from Ruby to Jade.
          I just upgraded today.

          The affiliation. Why is that an issue. Ironically the only time my card was rejected was with Amazon.com.au. This is resolved now. And entertainment guide as they point blank refuse any overseas cards (shouldn't be a problem now then).

          I'm earning10% APY on my newly staked $4000, thank you very much,

          I so which you'd not sprout your misinformationn here.

    • bonezAU on 01/11/2021 - 18:00
      +2

      AU cards have just begun issuing today. This situation of having to wait for months at a time should now no longer exist.

    • Nom on 01/11/2021 - 20:44
      +4

      for over a year

      This is false. The current delays started in June - just over 4 months ago.

      • zilver on 01/11/2021 - 21:26
        -2

        That is not true AT ALL. Search in the crypto.com reddit, or ask in the telegram group. There are many many people who report having waited since before mid 2020. Check for yourself!

        • Nom on 02/11/2021 - 09:41
          +1

          I say again, the current delays started in June 👍 Anyone waiting longer than that, has been stuck for a different reason (failed identity check, issues with documents provided, etc. etc.) - these issues have been around since the start, they are not related to the current since-June freeze.

          • FredAstair on 02/11/2021 - 13:10

            @Nom: I'm now having a feeling this isnt the first time I've seen this posted make incorrect comments here.

      • FredAstair on 02/11/2021 - 13:09

        Exactly.

    • FredAstair on 02/11/2021 - 13:05

      I do believe your negatives here are not entirely showing the full situation.

      show me exactly (not a reddit forum. We all know how they can be) where they have been lying.

      The card issue is only related to certain countries atm and they have just resolved the Australian one. Also the virtual one is just begun.

      I receive my rebates without any quarm. They automatically rebate mine and show me immediately on my phone's screen. I'd like you to show me prof of such issues you claim you've had personally.

      I have talked with support in numerous occasions. The last time was this morning over questions about the upgrade card staking requirements.

      Sorry, but we need to also PLEASE BE AWARE of comments like yours here..

      I'd be more concerned about other crypto systems like binnance, Robin hood, etc.

  • bobwokeup on 01/11/2021 - 17:30
    -1

    Same here it only took 6 months to get to this stage. I wonder how long Apple Pay is going to take and to actually deliver these AUD cards?

  • djsweet on 01/11/2021 - 17:34

    Has anyone got experience with the Tax calculation. I noticed they have a tax calculation feature for Australia. If I receive interest on stablecoins I stake for a period with them (10% or whatever), it is paid weekly. The 2% cashback on purchases is credited in CRO. Do they automatically calculate all the taxes associated with this at EOF, or am I going to be in a world of pain?

    • Janko on 01/11/2021 - 17:57
      +2

      I suspect world of pain.

      I don't know how this card works yet, but it sounds like you stake CRO for rewards in CRO, and that's separate from the transactional account side of the card?

      Crypto transactional accounts (<$10000) can get away with being classed as a personal use asset, with no tax, as their purpose is for transactions rather than profit.

      But if separate, then yep, every weekly reward in CRO would get estimated in AUD for income tax, and also serve the cost base for a CGT event when sold.

      • BoundedRationality on 01/11/2021 - 18:07
        +4

        Finally someone who understands how tax on crypto works. Moving between one coin to another creates a taxable event, regardless of whether you cash out to AUD or not. You move any non-trivial amount back and forth and you can end up having a lot more taxable events than you think, plus, each time resets the 12 month discount on CGT.

        TL;DR, get an accountant who knows about crypto and keep bloody good records, you'll need 'em.

        • wangasm on 01/11/2021 - 18:57
          +2

          You don't need an accountant unless you are doing very complex transactions from multiple sources. There are many crypto tax software that make this super easy. Ones like Koinly, CryptoTaxCalculator (Aussie) and Crypto.com's own tax calculator. Your transactions from any time are always available to export from the app to conveniently import into these software.

          • BoundedRationality on 01/11/2021 - 21:59

            @wangasm: You don't need an accountant, until you do. You are much less likely to be audited if you use a tax agent. The fee is tax deductible, you'd be nuts not to be using one if you're playing with crypto (ATO has already publicly called this out as a target this year).

        • FredAstair on 02/11/2021 - 18:09

          This

      • alexisagun8 on 01/11/2021 - 19:01
        -1

        I'm pretty sure the CRO you earn from cashback is not taxable (cash back has its own set of rules). It has $0 cost base and is only taxable when you sell.

        • ds311 on 01/11/2021 - 19:56
          +1

          https://sladen.com.au/news/2021/5/24/cryptocurrency-update-w…

          Not a cash back it's a staking reward and so taxable income. Also the cost base is the value of the coin when you recieve it. If the cost base was 0 you'd be paying CGT on the entire sale price which would be not good

          • alexisagun8 on 01/11/2021 - 20:59
            +1

            @ds311: You don't get any staking rewards at the 500 Ruby red tier. Only cashback.

            Cashback is not the same as a staking reward.

            I am already aware of what you are saying, receiving staking rewards are considered a taxable event and taxable based on market value at time of receiving (that is the cost base).

            CRO issued from spending dollars as cashback is not considered a taxable event and you will only have to pay tax once you trigger a taxable event (ie. Selling, or swapping, etc)

            • gromit on 02/11/2021 - 08:24
              -1

              @alexisagun8: regardless of what they call it, it is a payment for investment. Hence it is income and taxable.

              • alexisagun8 on 02/11/2021 - 09:54

                @gromit: My tax accountant disagrees with you.

                Just like rewards earned for cash rewards and shop back are not taxable neither is cashback in the form of crypto.

                • Nom on 02/11/2021 - 10:15

                  @alexisagun8: Dudes you don't need to debate this - because your chosen tax software already knows the answer and will make the decision for you.

                  Be it Koinly, cointracking, crypto.com tax - whatever you choose, knows the rules and applies them.

          • wizko on 02/11/2021 - 14:11

            @ds311: Staking reward and cashback are separate benefits.

            If you're Jade/Indigo or above, you'll receive 10% staking rewards which is most certainly taxable, with its AUD value being the market value at the time of receipt.

            The cashback benefit is NOT a taxable event, where you receive a small percentage cashback on most purchases when you use your card.

      • [Deactivated] on 01/11/2021 - 22:12

        Crypto transactional accounts (<$10000) can get away with being classed as a personal use asset, with no tax, as their purpose is for transactions rather than profit.

        Hold up - are you telling me I don't have to pay tax on my crypto gains if I don't have more than $10,000 worth?

        • aragornelessar on 01/11/2021 - 22:41
          +1

          Hold up - are you telling me I don't have to pay tax on my crypto gains if I don't have more than $10,000 worth?

          Here's the ATO's statement on their page

          It does say Only capital gains you make from personal use assets acquired for less than $10,000 are disregarded for CGT purposes.. However, it also classes a personal use asset as the following:

          Cryptocurrency is a personal use asset if it is kept or used mainly to purchase items for personal use or consumption.
          Cryptocurrency is not a personal use asset if it is kept or used mainly:
          -as an investment
          -in a profit-making scheme, or
          -in the course of carrying on a business.

          So in my opinion I think that's stretching it, but I'm not an accountant, not financial advice, and you should go talk to an accountant if you need clarification.

          • May4th on 02/11/2021 - 08:44
            +1

            @aragornelessar: it means if you you convert fiat into crypto with the intent to pay for personal home entertainment videos, and it rockets 500% in the meantime it's considered transactional and no CGT is payable. if you bought $500 of a degen coin for speculation/investment purposes CGT is payable irrespective of amount

            • aragornelessar on 02/11/2021 - 09:05

              @May4th: Yes, but if you read the rest of the link, the ATO views the time you hold the crypto as relevant too.

              Where cryptocurrency is acquired and used within a short period of time, to acquire items for personal use or consumption, the cryptocurrency is
              more likely to be a personal use asset.

              However, where the cryptocurrency is acquired and held for some time before any such transactions are made, or only a small proportion of the cryptocurrency acquired is used to make such transactions, it is less likely that the cryptocurrency is a personal use asset. In those situations the cryptocurrency is more likely to be held for some other purpose.

              If that degen coin was held for a day and it went up 500% then you could say it was transactional. Holding it for a year and it becomes murkier. Once again, check with a tax accountant.

              • May4th on 02/11/2021 - 10:43

                @aragornelessar: the intent is the key here. hard to justify holding onto degen coin for a year if for purpose of buying a good/service. if you are converting to btc to buy a lambo for example, if it takes a couple of weeks that's reasonable. if it moons within a couple of days and your intent was to purchase and not invest then that's just good luck and no tax applies. as with anything tax ATO have the ultimate authority here and if in doubt get a private ruling.

    • FirstWizard on 01/11/2021 - 17:59
      +2

      As of now, Crypto App and tax.crypto.com are not internally linked. (Their crypto Exchange is) I can export a csv from the App and import it into Tax.

      I have done the import process, however, have not been able to have it automatically recognise different types of "Rewards".

      As I understand Stake rewards are taxed as income. So you have to pay both income tax when you receive, and CGT when you dispose of CRO.
      While 2% Cashback and Pay rewards (the kind you get when you buy discounted gift cards from the app) you only need to pay CGT when you dispose of it with cost base from at the value the time you get it.

      I'll spend more time during tax time I think. Didn't have any stakes last year.

      • Janko on 01/11/2021 - 19:05

        That's the tricky thing, and software gets 95% of the way there, but 5% is still a ton of work.

        I'm getting 15 staking rewards every day, another 10 or so every week - all victims of income and CGT and AUD estimations everywhere.

        I buy a coin which hasn't got much liquidity and there could be 25 transactions for a single purchase - which taxcryptocalculator.com tracks all separately for CGT (and only has basic, non-optimal CGT calculation methodolodies).

        I buy XXX on an exchange that doesn't have a AUD pairing or AUD deposits, then → wallet, then stake and there's income parcels, CGT events and AUD estimations everywhere.

        Tax treatment of cashback reward, I agree with you assuming it's not credited to your debit card account (which is sounds like it's not), otherwise no CGT if it is.

      • Janko on 01/11/2021 - 19:15

        Thinking about this further, I feel I could confidentally argue with the ATO that regardless of where the cashback went to, it was incidental to the personal use asset (the debit card), and not be subject to CGT at all. The cashback's purpose wasn't for profiting from, it is simply a delayed discount that you have little control over.

        • gromit on 02/11/2021 - 08:29

          That would be shooting yourself in the foot, if it is a delayed discount then it lowers your cost base and would then be subject to CGT indirectly via a lower cost base. So if you are going to argue the point that is not a good angle, though at least CGT is better than income tax.

  • SaveTheManuals on 01/11/2021 - 17:41

    Anyone know if you can make the purchase of CRO using Amex?

    • Slippery Otter on 01/11/2021 - 17:43
      +1

      Only Visa/Mastercard

    • FredAstair on 02/11/2021 - 18:14

      I transfer money tommy ING account and purchase through ING.
      They don't charge you for this transaction as when I use my ANZ account it charged it as a cash advance.
      Bye bye ANZ.

  • dm02 on 01/11/2021 - 17:48
    +1

    I've been waiting over three weeks for my address verification…

    • bonezAU on 01/11/2021 - 18:01

      You should have your address verified today or tomorrow, keep an eye on the app. AU cards have just gone live today for new users.

      • dm02 on 01/11/2021 - 18:05

        Considering how dodgy the support team have been in the app, I won't hold my breath.. :/

        • bonezAU on 02/11/2021 - 08:33
          +1

          If you've only been waiting 3 weeks there's likely many others ahead of you. Some people have waited since June, so give it a week or so more and you should hopefully be good.

      • FredAstair on 02/11/2021 - 18:16

        I used the squeaky wheel approach when I applied ( think it was around May this year).
        One month later…..

        And yes.. Aware that from June 2021 till yesterday they were having difficulties in distribution of cards in Australia (and some other countries I believe).
        All that has changed with the virtual card.

  • johnwinkle on 01/11/2021 - 17:48

    absolute trash ive been waiting over 5 months havent received my physical card

    • bonezAU on 01/11/2021 - 18:01

      Check your app, you may be able to get a virtual card now. Physical cards should only be a couple of weeks behind.

  • TeddyBear on 01/11/2021 - 18:25
    +5

    As an Indigo holder (for ~$1200 when CRO was low), I can tell you the that the fees for purchasing crypto and fiat are hidden in their fairly uncompetitive market rates. Note that the platform is app only.

    I feel that the value is in the instant cashback, makes for good cashback stacking. Although the PAYRNET card isn't accepted everywhere as it's often recognised as a prepaid Visa card. Cashback is ineligible under these merchant codes. They usually run double cashback promotions (under the "Pay" section of their app) on Black Friday.

    A selection of their current discounted gift cards (syntax with staking / without staking):

    • 2.5%/5% Coles, Woolworths, Bonds, EB games, Kmart, JB Hi-Fi
    • 1.25%/2.5% eBay, iTunes, BIG W, Catch,
    • alexisagun8 on 01/11/2021 - 18:30

      Oh damn, thanks for that info. I guess some of those exclusions make sense. Will adjust my expectations now. :)

    • TeddyBear on 01/11/2021 - 19:04

      Correction: without staking / with staking.

    • wangasm on 01/11/2021 - 19:25

      Actually the main issue with the PAYRNET (SG) card was that it was recognised as an International issued card which made it easy for some Aussie merchants to block/add a surcharge. But now that it's an Aussie issued card that should no longer be a problem. I have yet to come across a place that specifically blocks pre-paid cards. Sometimes my card would even be recognised as a debit card.

      The gift cards in the CDC app are generally not worth it unless there is a promo, as you will have some loss due to the CRO conversion. Especially now with the Aussie cards which you can use on other gift card portals like Shopback and Suncorp. (These block non-Aussie cards)

      • bonezAU on 02/11/2021 - 01:47
        +1

        You'll find that everywhere you go and tap/insert your card at a POS terminal it will always display as VISA DEBIT on the bottom of the receipt. The only places I know of that don't accept prepaid cards are Afterpay, Zip, Bundll etc. The BNPL providers won't accept them because they want the ability to debit your card at any given time should you refuse to pay up.

        Someone has already tested one of the AU virtual cards with Afterpay and it didn't work either.

        Costco fuel never accepted our Singapore issued cards either, but I suspect it's because they were international rather than prepaid.

        It will be good when I get issued an AU card, I will be able to buy gift cards from Shopback, Cashrewards and others who purposely block international cards due to the high transaction fees.

    • Slippery Otter on 01/11/2021 - 20:52
      +1

      10% Dan Murphy gift cards are WISH gift cards so they work at woolies and BWS as well

      • 12Ghast on 01/11/2021 - 23:32

        Wait what :o. Dan Murphy gift cards work in woolworths??? And are classified under food and beverages meaning 10% back? Damn that's crazy, gotta try it out.

        • isthisreallife22 on 02/11/2021 - 11:19
          +3

          Be carefully Woolworths recently fixed their store specific gift cards so they no longer work across their network (after many many years mind you)

          It depends what type of card this platform actually issues you - it could well issue you a wish gift card when you purchase dan Murphy's who know

          • 12Ghast on 02/11/2021 - 15:38
            +1

            @isthisreallife22: Hey, just wanted to give an update.

            Bought a $10 gift card using 36.3 CRO and got 1.815 CRO back (5%). This is expected to be 10% once I have 10,000 CRO (~$2100-2200 USD) staked. There was a bit of transaction fees so in reality it was more like ~3% back (but should be ~8% back w/ 10% off).

            Provided gift cards was Dan Murphy branded from storegiftcards.com.au. T&C was:
            """
            Terms & Conditions
            1. By using this eGift Card you agree to the full eGift Card Terms and Conditions. 2. This eGift Card is redeemable at participating stores. Participating stores may change from time to time. 3. For full eGift Card Terms and Conditions and a list of participating stores visit everydaygiftcards.com.au. 4. eGift Card ordered before 31 March 2018 expires 12 months from the Issue Date. Our record of the expiry date is final. 5. eGift Cards ordered on/after 31 March 2018 will now have no expiration. 6. Not reloadable or redeemable for cash. 7. The Woolworths fuel offer is not available on activation of this eGift Card. 8. We will not replace lost, stolen or deleted eGift Cards. 9. For the balance on this eGift Card visit everydaygiftcards.com.au. or call 1300 665 249. 10. This eGift Card is issued by Woolworths Limited ABN 88 000 014 675.
            """

            which seems to be the old generic T&C instead of the store specific ones mentioned in https://www.ozbargain.com.au/node/597309

            Successfully bought ice cream from woolworths using the gift card.

    • TeddyBear on 02/11/2021 - 12:01

      Note: Yesterday I received an email that Crypto.com will be sending me a new locally issued Visa card. This could help with the card not being recognised as above.

      Card is issued by Foris GFS Australia Pty Ltd Australian Financial Services License No. 467462.

    • FredAstair on 02/11/2021 - 18:18

      Yes . good info.

      Q: the cars you listed. Are they exempt from the cashback scheme?

      • TeddyBear on 02/11/2021 - 18:44

        Sadly yes, they're exempt from the Visa card cashback.

  • alexisagun8 on 01/11/2021 - 18:28

    Thanks OP for posting this, email was in my promo tab and likely would have missed it.
    Been waiting for this for 6+ months. Just signed up for Ruby Red card, have enough for the Jade but keeping the rest of my CRO in supercharger / DeFi staking for now! :D

    • bobwokeup on 02/11/2021 - 11:20
      +1

      I did the same but then realised when you stake the 5000 CRO to the next level you actually earn 10% yield so it is definitely worth upgrading in my opinion.

  • SaveTheManuals on 01/11/2021 - 18:39

    Hey everyone, just curious about what people think the price of this coin would be in 6 months?

    I know that Crypto is quite cyclical and I've heard many people say how they expect a crash around Jan as it has happened several times in the past now.

    • easternculture on 01/11/2021 - 18:40

      Thats with all crypto. Its a bull run at the momemt. Eventually it will crash

      • SaveTheManuals on 01/11/2021 - 18:45

        Yeah that's true, just thinking whether it is worth waiting till post-crash to get in on this offer.
        - i.e. Trying to figure out how I can get the most CRO for my deposit.

        • Nom on 01/11/2021 - 23:38
          +4

          It doesn't really matter - because you won't be pulling your stake out after 6 months anyway (unless you want to leave the ecosystem and stop getting the benefits).

          Think of the stake as a lifetime card fee, then you're much less interested in what happens to the CRO price.

          • SaveTheManuals on 02/11/2021 - 02:05

            @Nom: Makes sense, cheers.
            After the initial 6 months, if you were to unstable, withdraw and then restake later are you eligible for the Spotify cashback without locking coins in for 6 months again?

            • Nom on 02/11/2021 - 09:46
              +2

              @SaveTheManuals: No - after the 6 months has passed, you can unstake whenever you like. But the benefits stop when you do.

              You can then restake again whenever you like, but the 6 month timer starts again (and it might be more or less expensive this time around).

              • isthisreallife22 on 02/11/2021 - 11:20

                @Nom: For arguments sake if it has increased from $500 to $5000, wouldn't you be able to take out the extra $4500 and retain the benefits?

                • bobwokeup on 02/11/2021 - 11:25

                  @isthisreallife22: You can but you lose the other benefits like Spotify and Netflix. So basically you need to keep it in there for as long as you want the benefits.

                  • isthisreallife22 on 02/11/2021 - 11:31

                    @bobwokeup: Can't I just restake the remaining $500 worth?

                    • bobwokeup on 02/11/2021 - 13:29

                      @isthisreallife22: No it doesn’t matter what the price does. The stake stays in there you don’t need to restake and you only unstake if you don’t want the benefits or cashback on the Visa card.

                      • isthisreallife22 on 03/11/2021 - 17:48

                        @bobwokeup: What I mean is I would immediately sign up for the card again by staking the new lower number of CRO required to hit $500

                    • Nom on 03/11/2021 - 17:50

                      @isthisreallife22: Yes you can.

                      Stake at $500.

                      After a year, your stake is worth $1000.

                      Unstake, and immediately stake again at $500. 6 month timer starts again. You now have $500 profit.

                      But this only works if A. your stake actually goes up and B. crypto.com don't change the rules (which they do from time to time).

                      Note that CRO is all time high right now. It remains to be seen if it will go up from here…

                      • isthisreallife22 on 03/11/2021 - 18:04

                        @Nom: I'm still in my initial 6 months and while I'm up about 100% I am locked for now - otherwise I'd do this today

                      • bobwokeup on 03/11/2021 - 18:12

                        @Nom: Oh that’s a great suggestion! I never thought about that. Is there a time limit on how long you’ve got to re-stake?

                        • Nom on 03/11/2021 - 19:39

                          @bobwokeup: There are no benefits whilst you are not staked, so you will be restaking immediately - otherwise no Netflix, no Spotify, etc.

      • G-rig on 02/11/2021 - 13:33

        Ita all a yoyo, depends when you get in and get out. Talking forever to Finally get up a bit after paying too much months ago, and it continued to fall. You'd like to think most are good in the longer-term but have to keep an eye on it. Hard know when to buy and sell, money to be made day trading though. CRO was a similar price a year ago seems to fluctuate but not like the others and most people probably just use it to get the crypto card.

        Btw the Netflix reimbursement means you have to pay tax on it. The ato don't care if you've paid for Netflix already right?

        • isthisreallife22 on 03/11/2021 - 17:49

          most people probably just use it to get the crypto card

          I think it's a good place to buy crypto in the first 30 days with no fees

    • ChickenAdobo on 03/11/2021 - 01:58

      Zoom out longer. Could be another BNB in 10 years. You will be laughing to the bank.

      • rektrading on 03/11/2021 - 02:05

        CRO doesn't have CZ.

  • Miss B on 01/11/2021 - 18:54
    +3

    When I signed up they were doing 10% cashback at places like Woolies/Aldi/Costco up to $50/month, they didn't care what you bought so it included gift cards as well - plus it was working for the online Wish gift cards, so you could get them discounted through cash rewards. I got $150 for that (I signed up in the 4th of 6 months they did it). Back then it was $50 USD referral, I got it when I signed up and again when someone else used my referral code, they were worth about $75AUD each at the time. So I was up $300 in 3 months just from those and only staked ~$320 for Ruby.

    Add the monthly Spotify family in (~$20/month for family x ~12 months), the 2% cashback on purchases, the ~$100 from when they switched from MCO to CRO and adjusted the stake amount. Currently my stake is valued at $274. Even if it crashes it's not a big deal as I basically got my money back in the first 3 months, I'll just leave it in and keep getting the cashback from Spotify etc.

    I haven't been bothering with the 2% cashback for a while, but it's good for online payments where I can't get the HSBC cashback. I haven't been keeping up with all that's been happening with the Australian cards/payid, that should make it easier.

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