Coinbase Card* vs. Crypto.com Visa Card*
Crypto cards haven’t been on the market for long, but despite their relative newness, several options have already popped up. The Crypto.com Visa Card* is another crypto debit card that earns rewards on purchases. But, the similarities end there.
Crypto.com’s Visa card is actually a series of debit cards, each with its own earning structure and unique benefits. When comparing directly to the Coinbase Card*, the Royal Indigo/Jade Blue makes the most sense. It earns 2% back in crypto rewards, however, you’ll only earn cash back when you stake at least $4,000 worth of crypto with Crypto.com. Even worse, you are limited to earning just $50 back each month.
Where the Crypto.com Visa has a leg up on the Coinbase Card* is in its perks and benefits. Each month you’ll get a reimbursement on subscription services from Spotify (up to $13.99) and Netflix (up to $13.99). If you utilize these services, you can save just under $28.00 a month. Compared with the lack of perks of the Coinbase Card*, these credits seem downright generous. Remember, though, that the monthly earning rate is incredibly low plus you have to tie up $4,000 to even earn any rewards, ultimately making the monthly credits significantly less attractive.
Coinbase Card* vs. Gemini Credit Card™*
The Gemini Credit Card™* is one of the first, and only, crypto rewards credit cards on the market. Cardholders earn cryptocurrency rewards in real time. Its cash-back structure consists of 3% cash back on dining (on up to $6,000 in annual spending; then 1%), 2% cash back on groceries, and 1% cash back on all other purchases in any cryptocurrency that can be traded on Gemini’s platform.
Whether the Gemini Credit Card™* beats out the Coinbase Card* will depend on your spending habits. If you spend a chunk of your money on dining, the 3% back could give you a better payout. Additionally, the uncapped 2% back on groceries can lead to more savings than what you would earn with the Coinbase Card*.
All of these factors will ultimately depend on your set spending limits (remember that your monthly spend is capped with the Coinbase Card*).
Coinbase Card* vs. BlockFi Rewards Visa® Signature Card
The BlockFi Rewards Visa® Signature Card is another one of the earliest crypto rewards credit cards on the scene. This card does not offer a welcome bonus. Cardholders earn 0.25% back in crypto on all eligible trades, 1.5% back in crypto for every purchase and the ability to earn 2% back in crypto after $30,000 of annual spend.
At first glance, a 1.5% earning rate on rewards doesn’t seem like much compared to the 2% for the Coinbase Card*. However, the BlockFi Rewards Visa does not cap its rewards. You can spend as much as your wallet (and credit limit) allows for, and you’ll still earn 1.5% back. With the Coinbase Card*, you’re capped at your monthly spend limit.
If you have big bills and lots of spend, the BlockFi card could be a better option than the Coinbase Card*.