Binance Crypto Visa Card with up to 8% cashback

Binance Visa Card VS Visa Card

Welcome, here we will analyze and review the Binance Visa card which have a great reward system with up to 8% cashback.

More and more crypto and bitcoin exchanges and other services are giving out their own credit card.

Among the first ones where CRO Visa card with a tremendous reward system.

Now, Binance also have launched their response to this mega trend. 

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What is Binance Visa Card?

With the Binance Visa Card, you can convert and spend your favorite cryptocurrencies at more than 60 million merchants worldwide.

You just need to transfer crypto from your spot wallet to your card wallet.

After this, you’re ready to spend your crypto anytime, anywhere where Visa is accepted. 

With the CRO Visa card you spend fiat and not crypto. However, the rewards are paid in CRO token.

In addition, you can now link your Binance Card virtually with Google Pay and Samsung Pay.

How does the Binance Visa Card Work?

The Binance Visa Card is powered by Swipe.

The Visa card works like your traditional debit card, but instead of fiat, you’ll be holding digital assets.

The cryptocurrencies could be BTC, BNB, SXP, and BUSD.

Your Binance Visa card is linked to a Card Wallet within your Binance account, and you can replenish this wallet with funds stored in your Spot Wallet. 

How to apply for Binance Visa Card?

To apply for the Binance Visa card you log in and click on Finance in the header menu.

  1.  Sign up with Binance
  2.  Login an click on Finance in the in the header menu.
  3. Click Binance Visa card on the drop down menu as seen in the screenshot below.
  4. Click Get Started
  5. Here, you are asked to accept the terms and conditions.
  6. After this, you are asked all personal details and now you should be ready to press “Order Card”.

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Binance Visa Card navigation in the header menu

What are the Binance Visa Card Fees?

When you use your Binance Visa card there are no fees charged from Binance.

Binance charges zero subscription and transaction fees. Also, the transactions made in Euro are free from transaction charges (third party fees may apply).

A virtual card will be available to you for immediate use upon approval of your application. 

What are the Binance Visa Card Benefits?

So far, Binance Visa card only have one major benefit and that is the BNB reward system.

You can get 1%-8% cashback paid in BNB. The Binance card level is dependent on your average BNB holding the last 30 days, as can be seen in the screenshot below.

The cashback reward system is similar to Visa Card cashback system.

Bianace Visa card loyalty levels and rewards

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Binance Visa Card VS CRO Visa Card

Both Binance and is offering up to 8% cashback on their Visa cards.

The maximum staking for the 8% is similar. With Binance you must hold BNB tokens for 30 days but with you must stake CRO tokens for 6 months.

However, CRO Visa Card can also give you free Spotify, free Netflix, free Amazon prime, free airport lounge access, 10% off from AirBNB and much more.

Also, Nexo is about to launch a payment card connected to the Nexo wallet. Read more about the Nexo card in our Nexo wallet review 2020.

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