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Credit and debit cards have been around for a long time, and cryptocurrencies are also gaining popularity; due to this, many exchange platforms are now offering crypto credit cards to their customers who meet certain requirements.

In this opportunity, we will review the best crypto credit & debit cards for 2022 in Australia, so you can determine, after evaluating the rewards and benefits of these crypto cards, whether you wish to acquire this service in the platform of your choice.

Best Crypto Credit Cards Australia List

Please find below a list of the best crypto credit cards we recommend. These are issued by recognized and secure platforms that offer various services and benefits that we are sure you will enjoy.

  1. eToro – Overall Best Crypto Credit Card in Australia
  2. Crypto.com – Platform with the Most Crypto Credit Card Options in Australia
  3. BlockFi – Australia’s Crypto Credit Card with the Highest Bitcoin Rewards
  4. Nexo – Best Crypto Credit Mastercard in Australia
  5. Celsius – Most Expected Crypto Credit Card in Australia with Zero Fees
  6. Gemini – Crypto Credit Card with the Best Offers in Australia

Best Crypto Cards Australia Reviewed

If you invest in cryptocurrencies and would like to use that money to buy goods and services quickly and instantly, a crypto credit card is an option you might be interested in exploring.

In this section, we will analyze the rewards, benefits, fees, and options provided by these platforms about the crypto credit cards they offer to determine which are likely to be of interest to us.

1. eToro – Overall Best Crypto Credit Card in Australia

crypto credit cards eToro is a financial trading platform licensed by the FCA, ASIC, CySEC, FinCEN, and FINRA, established in Israel in 2017 by the Assia brothers. Today, it has over 20 million users and an international presence in over 140 countries. Furthermore, it supports more than 50 cryptocurrencies. It offers a variety of products such as cryptocurrencies, stocks, commodities, and fiat currencies and is now one of the most popular social trading platforms in the world.

The first thing you need to understand is that the eToro platform is where you perform trading operations. Then there is the eToro Money Account platform allows you to transfer your money quickly and automatically use it with your crypto credit card. Furthermore, in the final part of this article, we will provide a detailed description of how to apply for your eToro Money Card.

With this card, you can save £5 (8.73 AUD) for every £1000 (1,750.88 AUD) deposited with no transaction fees. Additionally, it does not charge a monthly, annual, or maintenance fee. There are only fees when you withdraw money, and that depends on whether you have a green or a black card.

best crypto credit cards

If you have a green card, you can withdraw up to £650 (1,135.31 AUD) /month, and if you have a black card, you can withdraw up to £1000 (1,750.88 AUD) /month, free of charge. An additional fee is the exchange rate, although eToro offers highly competitive exchange rates. When it comes to AUD, it is 0.25% to 0.50%, but it is recommended to withdraw money from Sunday through Friday at the lowest percentage and avoid Saturday, which is much more expensive.

You should use the eToro Money App to manage your crypto credit card as it is the most secure application available on the market. With this app, you can view your balance, transactions, and rewards.

Provider Supported Coins Fees Rewards Availability
eToro Money Card 50+ No monthly fees Automatically accrue staking rewards on eligible coins Anywhere that Visa cards are accepted

75.26% of retail investor accounts lose money when trading CFDs with this provider

2. Crypto.com – Platform with the Most Crypto Credit Card Options in Australia

credit cards with crypto rewardsCrypto.com is a cryptocurrency exchange application based in Singapore and today has more than 10 million users. It has more than 250 cryptocurrencies on its marketplace and has been one of the largest cryptocurrency exchanges in the world since its foundation in 2016.

A curious fact about this platform is that it offers five types of crypto credit cards, according to the amount of CRO Token you own and stake as an eligibility factor. So we can say cashback is the main reward provided by this crypto card, with values ranging from 1% to 8%.

These cards may only be awarded to players who have staked for 180 days of CRO with the following amounts: 0 AUD for Midnight Blue, 500 AUD for Ruby Steel, 5,000 AUD for Royal Indigo & Jade Green, 30,000 AUD for Frosted Rose Gold & Icy White, and 500,000 AUD for Obsidian (8% cashback).

A key added value of this crypto credit is that you can access free Spotify, Netflix, and Amazon Prime accounts; get discounts on Expedia, Airbnb, and many benefits such as Lounge Key access; earn bonus rewards, exclusive merchandise welcome pack, and private jet partnership.

what credit cards allow crypto purchases

There will not be any currency exchange transactions per month since AUD is the Australian currency. Still, an ATM withdrawal limit per month varies from 200 AUD for the Midnight Blue card to 1,000 AUD for the Obsidian card. We would appreciate it if you could review each card’s fees and rewards tables, as they are quite extensive, and decide what crypto card is the best for you.

Provider Supported Coins Fees Rewards Availability
Crypto.com 90 No monthly fees Up to 8% cashback Anywhere that Visa cards are accepted

Your money is at risk

3. BlockFi – Australia’s Crypto Credit Card with the Highest Bitcoin Rewards

best crypto rewards credit cardsIt is an American company founded in 2017 that offers financial services to investors in cryptocurrencies, such as cryptocurrency trading, loans, and even high-interest financial accounts, with more than 1 million clients worldwide and a very competitive APR for its products.

Participants interested in Bitcoin can receive 0.25% cashback in bitcoin for all eligible trades, up to a maximum of $500 (670 AUD) per month. Additionally, for every client referral, you will be eligible to receive $30 (40.21 AUD) in Bitcoin in addition to the Refer-a-Friend program.

The service has a 0% annual fee and an interest rate of 11.74% to 21.74% when you hold cryptocurrency in your account. The other advantage is that currency exchange is free of charge; this is advantageous for individuals living in Australia who plan to use the crypto card abroad.

You earn an unlimited 1.5% cashback on more than 10 other cryptocurrencies for every dollar spent on this card. Additionally, the program offers 2% cashback to all customers who spend $50,000 (67024.15 AUD) annually, a threshold that is only applicable to heavy consumers.

best crypto credit cards 2022

Unlike other crypto credit cards, BlockFi offers the full complement of credit card services, including penalty fees for late payments and interest rates, except that balance transfers are not possible. Instead, you will be able to use a larger amount of money and then pay the bill in AUD, with the rewards being in cryptocurrency.

Provider Supported Coins Fees Rewards Availability
BlockFi 8 There is no monthly fee 3.5% cashback for the first 90 days of use; 1.5% after that Anywhere that Visa cards are accepted

Your money is at risk

4. Nexo – Best Crypto Credit Mastercard in Australia

how do crypto credit cards workNexo is the world’s largest and most trusted lender in digital finance. With over 4 million users worldwide since its inception in 2018, Nexo has a variety of 40 cryptocurrencies to invest in and a presence in more than 200 countries.

Unlike the other cards, Nexo uses Mastercard instead of Visa, which is accepted by over 40 million merchants worldwide. A secure wallet with 256-bit encryption also allows you to make payments in local currency.

It offers a cashback rate of 2% on all purchases made in Nexo Tokens (Token of the platform) or bitcoin as one of its benefits. However, it is important to note that the card is only available to Nexo users who lend fiat currency against their crypto holdings, as Nexo’s main line of business is lending cryptocurrencies.

A feature that its competitors do not offer is the ability to create free virtual cards for secure online purchases. On the fee front, you can get up to £8,348 (14,591.58 AUD) in ATM withdrawals per month and save up to £15,000 (26,218.70 AUD) on exchange fees per month. Additionally, there are no monthly, annual, or inactivity fees.

credit cards for crypto

If you live in Australia, it is important to keep in mind that this card is in its first phase, so in the future, there may be more rewards and information about it available for your benefit.

Provider Supported Coins Fees Rewards Availability
Nexo 32+ No monthly fees Up to 2% cashback on all transactions Anywhere that Mastercard cards are accepted

Your money is at risk

5. Celsius – Most Expected Crypto Credit Card in Australia with Zero Fees

crypto credit cards  As a leading cryptocurrency lending platform, Celsius Network was founded in 2017 in London, England, and today offers users the opportunity to earn interest by holding digital assets as collateral. In addition, with this platform, you can take out a crypto-backed loan starting at 1% APR, earn up to 17% APR on your crypto, and exchange crypto without fees in more than 40 types of cryptocurrencies.

The Celsius crypto card is not available, and we do not know if it will be a Visa or MasterCard card. Also, we know the platform is from the UK, but we will keep an eye on the news to verify its launch date and determine whether this service will be available in Australia; you can join the waiting list if you want.

As the benefits of the Celsius crypto card, you will receive weekly rewards when purchasing cryptocurrency with your crypto credit card, and there is no foreign exchange, annual, ATM, or late payment fees associated with the card. If you are from Australia and wish to use this card in other countries or withdraw large amounts of cash, this crypto card would suit you. Remember that there are no fees of any kind.

best crypto credit cards

Crypto card management is also possible via the mobile application, and its platform is highly reliable and secure, with over 1.7 million users worldwide.

Provider Supported Coins Fees Rewards Availability
Celsius 50+ No monthly fees Not yet announced (waiting list) Not yet announced (waiting list)

Your money is at risk

6. Gemini – Crypto Credit Card with the Best Offers in Australia

credit cards with crypto rewardsIn 2015, the Winklevoss brothers founded it in New York. As one of the world’s most secure exchanges, it aims to offer choice, independence, and opportunity to people worldwide. With this platform, you can purchase, sell, and store cryptocurrencies from more than 75 options and earn up to 8.05% on cryptocurrency bets.

As part of the rewards program, you can earn 3% cashback for dining, 2% for groceries, and 1% for all other purchases, and the best part is that you can choose the cryptocurrency from which to receive your rewards from 75 choices available to you.

In addition, this card does not charge annual fees, foreign transaction fees, or exchange fees to acquire its rewards. There are three physical versions of the card (black, silver, or rose) for you to choose from when you apply for it, which are quick and secure.

what credit cards allow crypto purchases

Unfortunately, the crypto credit card is only available to individuals in the United States. Therefore, Australians would not be able to utilize this service, but they may use the trading platform of Gemini for other operations.

Provider Supported Coins Fees Rewards Availability
Gemini 50+ No monthly fees Up to 3% cashback on transactions Anywhere that Mastercard cards are accepted

Your money is at risk

Best Crypto Credit Cards Australia Comparison

Following is a summary of the most significant features of the crypto cards offered by the main brokers in Australia. As part of our examination, we will cover such aspects as the cryptocurrencies supported, fees, rewards, and their availability on the market.

Provider Supported Coins Fees Rewards Availability
eToro Money Card 50+ No monthly fees Stake rewards are automatically accrued on eligible coins Anywhere that Visa cards are accepted
Crypto.com 90 No monthly fees Up to 8% cashback Anywhere that Visa cards are accepted
BlockFi 8 No monthly fees You will receive a 3.5% cashback for the first 90 days of use and a 1.5% cashback afterward. Anywhere that Visa cards are accepted
Nexo 32+ No monthly fees Up to 2% cashback on all transactions Anywhere that Mastercard cards are accepted
Celsius 50+ No monthly fees Not announced yet (waiting list) Not announced yet (waiting list)
Gemini 50+ No monthly fees Up to 3% cashback on transactions Anywhere that Mastercard cards are accepted

How do Crypto Cards Work?

First of all, crypto cards may also be referred to as credit or debit cards. Despite this, they are only debit cards, as you can only spend money in your balance without going over because they do not offer credit facilities. However, they are commonly referred to as crypto credit cards, as you will see in the following article.

As a type of physical card, this type of card adheres to the same logic as those issued by banks. It contains the same data as a bank card, such as a card number, expiration date, CVV/CVC code, and is linked with a recognized exchange platform such as eToro. As of today, the crypto credit cards we are recommending are related to the Visa and Mastercard payment systems; there are no crypto credit cards related to American Express, Diners Club, etc.

Additionally, you have the option of checking all your balances and movements through a mobile application provided by the platforms and keeping track of everything, as well as making withdrawals from ATMs (sometimes you have to pay a small fee), making bank transfers, and paying for goods and services through the establishment of your choice.

Let us now review an example to better understand how the card works. Suppose that you currently hold 6,000 AUD in different cryptocurrencies in your eToro account. You may now decide to transfer the funds to the eToro Money Account to be reflected on your eToro Money Card, so you can use the money now.

Suppose you purchase a TV that costs 1,746 AUD with your eToro Money Card. What will happen is that the retailer will have the applicable amount in AUD, and the corresponding amount will be deducted from your eToro Money Card in cryptocurrencies of your choice for the same amount in an instant and automatic manner; as a result, you will have 4,262.73 AUD in your eToro Money Account, since eToro will return £5 (8.73 AUD) for every £1,000 (1,750.88 AUD) you spend.

The platforms offer different rewards, benefits, and competitive fees so that you, as an investor, can decide which crypto credit card is best for you. As a result, all crypto credit cards perform the same functions, so we will show you below the factors to consider when choosing one that meets your needs.

best crypto rewards credit cards

75.26% of retail investor accounts lose money when trading CFDs with this provider

Benefits of Crypto Credit Cards

As a result of our review of the top crypto credit card brokers, we can determine the major general advantages of these brokers so that you can determine whether they are the best option for you. Here are some benefits to consider.

Can Be Used Anywhere at Any Time

This credit card is similar to those used by banks due to Visa and Mastercard back them, so they can be used in Australia and any country or city that accepts these payment methods, depending on the crypto credit card you choose. Consequently, it is a convenient option for travelers who travel frequently, but it is still important to verify the exchange rates designated by the supplier before use.

Incentives and Rewards 

As we are in a competitive market, these platforms will provide you with benefits for using their platforms and crypto credit cards, such as cashback, discounts, staking with good APR, very low withdrawal commissions, and extremely low exchange rates.

For example, eToro saves £5 (8.74 AUD) for every £1 000 (1748.12 AUD) with fee-free deposits.

Portable and Accessible

The physical crypto credit cards are compact, so they can be carried with you in your wallet or purse, and you can control your movements with the mobile applications for Android and iOS. For example, with the eToro Money App, you can manage your transactions in the safest and fastest manner and earn rewards depending on if you have a green or black card.

best crypto credit cards 2022

75.26% of retail investor accounts lose money when trading CFDs with this provider

Payment of Goods and Services

Using these credit cards allows you to convert your cryptocurrency money into FIAT money and pay automatically; you only need to choose which cryptocurrency you would like to use.

Without the card, you will have to go through the long process of converting your cryptocurrencies into FIAT money on the platform of your choice and then withdraw it from an ATM or use it only at establishments that accept cryptocurrencies as a payment method.

How to Choose the Right Crypto Credit Card for You

Having seen so much favorable information about the platforms and their crypto cards, you may find yourself wondering what the main characteristics are to know that I am making a good decision that meets my requirements to make purchases in Australia using crypto are?

You will find the following information helpful when beginning your search for your crypto credit card on the market.

Types of Cryptocurrencies Supported

Because the amount of funds we have in our crypto credit card is based on the number of cryptocurrencies we have in our fund, it is important to select a platform that offers access to the most profitable cryptocurrencies for investing, trading, or staking.

The eToro Money Card is our recommended crypto credit card since it is linked to the eToro platform, which offers over 50 cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and other alternative cryptocurrencies, so you can increase your profitability and use the funds from your crypto credit card.

Eligibility Admittance

It is important to remember that some platforms may require you to meet certain requirements before they grant you a crypto credit card, mainly that you have a certain amount of capital in your account.

In eToro, for example, you will need to be a member of the eToro Club, for which you will be required to pay approximately $5,000 (6,713.37 AUD) to be eligible for the green crypto credit card.

Rewards

Perhaps the most important factor in the platforms is the rewards and incentives they offer along with their crypto credit cards. Observed in our research, most offer cashback, discounts, and rewards points. For example, the reward offered by eToro is a saving of £5 for every £1,000 with commission-free deposits.

Fees

We believe that the second key factor to consider would be the fees. Although they may be small percentages, this is a significant amount of money in the long run. The main fees to consider would be monthly fees, annual fees, foreign transaction fees, exchange fees for purchasing rewards, and AMT withdrawal fees.

Based on our analysis of eToro, we can conclude that it does not charge monthly, annual, or ATM withdrawal fees. With the green crypto credit card, you can withdraw up to £650 (1,135.31 AUD)/m free of charge, and after 1,5% if you pass that amount.

how do crypto credit cards work

75.26% of retail investor accounts lose money when trading CFDs with this provider

How to Qualify for and Use a Crypto Card

So now that you are familiar with the main features of crypto credit cards and can evaluate which one is suitable for you, let’s review how to apply for an eToro Money Card and begin earning rewards from the comfort of your home.

Step 1: Open an Account

You need to complete the registration process by clicking the ‘Join Now’ button on eToro’s home page and providing your general information and a strong password. Then you will need to upload an identification document, such as a driving license or passport, and a recent bank statement or utility bill to establish your identity. Finally, as a result, your address will be verified automatically.

credit cards for crypto

75.26% of retail investor accounts lose money when trading CFDs with this provider

Step 2: Deposit Funds

In Australia, eToro requires a $50 (67.10 AUD) minimum deposit, so you should begin by adding funds to your account using the available options, including debit/credit cards, bank transfers, PayPal, Australian bank transfers, and other third-party channels such as Skrill.

eToro Money Accounts are only opened by members of the eToro Club, so to receive the eToro Money Card, you must be a member of this Club, so you would require $5,000 (6,709.61 AUD) for Silver Status.

crypto credit cards

Step 3: Create an eToro Money Account

Please be aware that you already have an account set up for the eToro trading platform, but you need to create a second account for the eToro Money Account. It can only be created if it meets the criteria listed above.

Then click ‘Get your eToro Money account,’ and you will receive an eToro Money sort code and a personal account number to access your cryptocurrency trades and funds with your mobile app, available for iOS and Android.

best crypto credit cards

Step 4: Receive eToro Money Card

Following your eToro Money Account creation, the crypto credit card will automatically arrive at the address you specified and verified in your account. It is important to realize that depending on how much capital you have in your funds. You can choose either the green or black Visa card, which has different benefits.

Step 5: Buy and Trade Crypto

You simply need to enter the name of the cryptocurrency you wish to invest in, select the options you desire, and click the ‘Open Trade’ button. The market analysis will provide you with options for investing, trading, or staking cryptocurrencies and generating profits.

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Step 6: Use eToro Money Card

After that, you will be able to transfer all of your earnings to your eToro Money Account, which will be automatically reflected in your crypto credit card, by simply pressing the ‘Transfer to Wallet’ button. You can withdraw the funds from ATMs or purchase goods and services with your card.

credit cards with crypto rewards

Best Crypto Credit Card – Conclusion

Considering the popularity of cryptocurrencies, crypto credit cards have become an important deciding factor when choosing a broker to conduct our trading operations with. Our objective here is to provide you with detailed information on the best crypto credit card providers in Australia, the benefits they provide, and the reasons why they are a good investment.

If you would like to increase your earnings with cryptocurrencies, then eToro Money Card would be the best crypto credit card for you. This product offers automatic stake rewards, extremely low exchange rates, bank transfers, and no annual or withdrawal fees. Consequently, what are you waiting for in order to obtain the eToro Crypto card?

eToro Money Card – Best Crypto Credit Card in Australia

best crypto rewards credit cards

75.26% of retail investor accounts lose money when trading CFDs with this provider

FAQs

Is there a crypto credit card?

The popularity of crypto credit cards and their benefits have led many online trading platforms to venture into crypto credit cards. Among them, we recommend the eToro Money Card in this guide.

What crypto cards are there?

There are currently crypto debit cards available since the money contained within the card can only be used, as with a traditional bank debit card. BlockFi does offer a type of credit card where you can pay your bills in AUD if you wish, but it is the exception.

Are crypto cards a good idea to use?

Crypto Cards can be an excellent investment option for anyone interested in cryptocurrencies, as the rewards are offered in cryptocurrencies. The money you pay with is converted from cryptocurrencies into fiat currency.

Do I pay taxes on crypto credit cards in Australia?answer-3=

Which crypto card is the best in Australia?

For Australians, the best option would be the eToro Money Card, which supports 50 cryptocurrencies and provides good cashback rewards and competitive exchange rates, and does not charge annual, ATM withdrawal, or late payment fees.

About Alejandra Martinez
About Alejandra Martinez

Multimedia designer, specializing in communication and English-Spanish translation. Interested in economics, history, literature, and geopolitics.

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