> No annual fee.
> No foreign transaction fee.
> You can pay with US Dollar or with one of several Cryptos that you own in Coinbase.
> Pay with USDC (stable coin)<\/a> and you won\u2019t be charged a fee.
> Pay with Crypto like Bitcoin, Ethereum, Solana etc, you will be charged a transaction fee of 2.49%. This will also lead to a taxable event since you are essentially selling some of the crypto that you own.<\/p>\n\n\n\n
You can choose to receive Crypto rewards from one of the following:
4% back in Stellar Lumens (XLM)<\/a>
4% back in The Graph (GRT)<\/a>
4% back in Amp (AMP)<\/a>
4% back in Rally (RLY)<\/a>
1% back in Bitcoin (BTC)<\/a>
1% back in Ethereum (ETH)<\/a>
1% back in Dogecoin (DOGE)<\/a>
1% back in Dai (DAI)<\/a><\/p>\n<\/div><\/div>\n\n\n\n
I buy USDC using my connected bank account and then use USDC as the mode of payment. As mentioned earlier, you won\u2019t be charged any fee if you\u2019re paying with USDC or US Dollar.<\/p>\n\n\n\n
I don\u2019t use Crypto as the payment method cause I don\u2019t want to incur 2.49% in transaction fees. Even if I get back 4% in Stellar (XLM), I will make a net return of only 1.51%. Not worth it! I\u2019d rather use my Citi Double Cash Card<\/a> which returns 2% cash back. Also, I\u2019ve kept Crypto as a long-term investment and so I don\u2019t want to sell soon as well as pay taxes on the gains. <\/p>\n<\/div><\/div>\n\n\n\n
I’ve chosen Stellar Lumens (XLM)<\/a> in rewards cause the reward is higher (4%) plus I’m already long in Stellar. You get back only 1% in Bitcoin and Ethereum which are the largest and most popular Crypto currencies. 1% return is way too less. If I\u2019m grocery shopping, I\u2019d rather use my Amex Blue Cash Preferred Card<\/a> and get 6% in cash back.<\/p>\n\n\n\n
I typically use it while paying for items in the credit card OTHER category where credit cards return you just 1% – 2% back. Ex: Walmart, cell phone bills, day care payment, medical bills etc. I\u2019d rather get back 4% in XLM than get 2% in cash back.<\/p>\n\n\n\n
If you\u2019re like me who uses Coinbase<\/a> to invest and trade in Crypto then the Coinbase Visa Debit Card<\/a><\/strong> might be right for you. As you make purchases, you will accumulate crypto in a dollar cost average mechanism<\/a> which is an effective way of investing. Note – this is not a Credit Card and so you can\u2019t buy now and pay later. At the time of purchase, you will have to have the funds available to you either in Crypto or in US Dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"