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The 7 Best Crypto Credit Cards in 2020

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Image Credit: VadimVasenin/Depositphotos

Crypto credit cards can play a vital role in driving increased public adoption. They allow people to pay directly with crypto in stores and online, and thus become more familiar with the technology.

Other benefits of crypto credit cards include low conversion fees if you’re in a foreign country and the removal of a reliance on traditional banks for access to cash.

If you’d like a crypto credit card, keep reading. These are the best crypto credit cards available in 2020.

1. TenX

Toby Hoenisch | TenX | BlockShow Asia 2019

The TenX Visa Card is one of the most popular crypto credit cards. Despite some early teething troubles (including a delayed release of a physical card in 2018), the company is now thriving.

Sadly, the availability of the TenX crypto credit card is limited. You need to live in the Asia Pacific region, Germany, or Austria. More countries are expected to be supported in the coming weeks/months.

With a few exceptions (mainly in Africa), the card will work in any store anywhere in the world that accepts Visa, including the United States

The card costs $15 to order and has a $10 annual fee if you spend less than $1,000 in 12 months. There’s also a $3.25 fee for every ATM transaction.

TenX allows you to make payments in Bitcoin, Ethereum, and Litecoin. The card relies on the TenX (PAY token) for its payment platform.

2. Nexo

Nexo - The World's First Instant Crypto Credit Lines™

Nexo made a name for itself as one of the first companies to offer an instant, crypto-backed loans platform. It allows you to access your crypto’s value without selling the assets.

Nexo lets you take out a credit line in more than 45 fiat currencies. The credit is underwritten with your crypto assets; the amount of credit you can use out is proportional to the amount of crypto in your Nexo wallet. As the value of the crypto changes, so too does the amount of credit you can take out. Nexo wallets are backed by Goldman Sachs and are SEO-approved.

There is no application, credit checks, or review process. All applications are guaranteed to be successful. You also won’t find any minimum repayments; Nexo will automatically debit interest from your available balance. APR on your purchases starts at 5.9 percent.

Nexo accepts 23 different cryptocurrencies in its wallets. They include Bitcoin, Ethereum, Litecoin, EOS, Cardano, Stellar, Bitcoin Cash, NEO, and Ripple.

If you want 30 percent dividends, access to the Nexo payments card, and require bank withdrawals up to $2 million, you will need to work through an advanced verification process.

The card itself is issued through MasterCard. It provides instant cashback on all purchases, free additional virtual cards, and payments in local currencies,

3. Crypto.com

MCO Visa Card (US Cards)

The Crypto.com crypto credit card (formerly Monaco) offers five different Visa cards. The entry-level card is free and does not require you to deposit any of the company’s own Monaco (MCO) tokens. Four other options are available for 50, 500, 5,000, and 50,000 MCO.

The MCO tokens are released back to you if you cancel your card in the future.

The Crypto.com crypto credit cards offer some excellent perks for users. Those perks include 100 percent cash back on your Netflix, Spotify, and Amazon Prime subscriptions, 10 percent cashback on Expedia and Airbnb bookings, and cashback of up to five percent, depending on which card you have.

The high-end cards also offer higher monthly free ATM withdrawal limits and more competitive exchange rates.

Like Nexo, the size of your credit line is determined by the amount of crypto you deposit in the app. As a rough guide, $10,000 of MCO token is enough for a loan of around $6,000. $10,000 Bitcoin will give you a loan of about $4,000. There are no credit checks.

You can use you MCO Visa card to pay in more than 40 million shops and stores around the world.

4. Monolith

Mel Talks Monolith on CNBC

Monolith—formerly known as Token—tries to offer its users a full-featured DEFI account.

If you create an account, you get a Visa debit card that’s connected to a non-custodial wallet, a way to swap and spend your tokens, interest on your assets, and even a sort code, account number, and European IBAN number.

One of Monolith’s unique features is payment splitting; you will be able to divide the cost of an in-store purchase across several of your crypto holdings by using the associated app.

When exchanging coins, you can enjoy market rates thanks to Monolith’s DEX aggregator. It works with UniSwap, Kyber, Bancor, 0x, Mesh, and EtherDelta.

To use the card, you will need to send your crypto to the company’s fully decentralized, ERC-20-compliant smart contract wallet. The company has no access to the funds in your wallet.

Two crypto credit cards are available through Monolith—GBP and EUR. Neither have a monthly fee, you get two free ATM withdrawals per month, and they have a daily spending limit of £7,500.

Monolith cards will work in any business that accepts Visa payments.

5. Bankera

Bankera is billed as a bank for the blockchain era. In addition to crypto credit cards, the company offers a wide spectrum of financial services, including a personal IBAN number, the ability to send and receive money, cross-border payments in multiple currencies, and AI budgeting tools.

As with the other crypto credit cards on this list, your crypto provides the backing for the fiat loan. The smallest loan you can take out is $25; the highest is $1 million. You can enjoy loan-to-value (LTV) ratios of 75 percent, and APR starting from 6.95 percent.

You can deposit Bitcoin, Ether, NEM, and Dash as collateral.

6. BlockCard

BlockCard Account Demo - Spend Your Crypto

US-based BlockCard offers one of the best crypto credit cards on the market. It is one of the only cards that lets you stay invested in crypto when you’re not spending (many cards with convert your assets to USD upon deposit).

BlockCard also supports payments through Apple Pay, Google Pay, and Samsung Pay—another rarity in the sector.

If you want to apply for a BlockCard, you will need to go through a KYC process.

7. Revolut

RevInsider - Technology

Revolut is a crypto card aimed at people who do a lot of international traveling. You can spend in more than 150 currencies.

If you withdraw more than $5,000 per month in cash, you will need to pay a 0.5 percent fee.

Revolut’s card is also packed with security features. You can freeze and unfreeze your card at will, enable/disable features such as contactless payments and ATM withdrawals, and turn on location-based security that block payments originating from outside your permitted areas.

Learn More About Spending Crypto

Crypto credit cards are just one way you can spend your crypto tokens in “real life.”

To learn more, check out our list of things you can buy with crypto and our list of companies that accept crypto payments.

We earn commission if you purchase items using an affiliate link. We only recommend products we trust. See our affiliate disclosure.

Dan Price
Dan is the Managing Editor of Blocks Decoded. He has a background in both finance and technology and holds professional qualifications from the UK's Chartered Insurance Institute, including a Certificate in Discretionary Investment Management and a Diploma in Financial Planning. In his early career, Dan worked for more than five years as a private financial consultant, advising clients on investments, fund portfolios, and long-term savings. Today, Dan also writes for MakeUseOf. He started at the company in January 2014 and has gone on to hold several key positions in the organization.
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4 Comments

  1. Does anyone know the list of countries where Monero’s app (crypto.com) is available?

    1. Hi Dieter. crypto.com is the homepage for Monaco, rather than Monero. The crypto.com mobile app can be used in most North American, European, and Asian countries, though you will have to download and find out in your local area as I cannot find an exhaustive list. For instance, Singapore was unable to use the crypto.com wallet, but that status may have changed.

      Thanks for reading and commenting!

  2. Good work Dan! I would love to see an updated list of crypto cards in 2020. https://cryptocurrencycard.org/ has a big list and it seems there are new cards coming out everyday, but each cater to a certain currency or region of the world

  3. Crypto.com is hackable as I am a victim and the loss of my assets because of Crypto.com couldn’t find any shreds of evidence against my claim. So, I close my account and reported the crime to the police. It wouldn’t have bothered me, but my Coinbase account, WeBull account, Fidelity account, and my bank account Axos was untouched. Still no answers. I read on Trustpilot with people having similar issues. I highly advise you to get insurance or find a service that puts customers first. Who wants to make a living as a Crypto Detective? World wide regulations are coming.

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