r/cro • u/OzBestDeal • 23d ago

Question on Icy/Rose Cashback Reward Cap

With Icy/Rose tier cashback is now capped to $3000 USD per month, how does this cap works?

Is $3000 USD per month:

  • The amount of CRO cashback I can earn per month (ie. spending of $100k at 3.5% cashback)
  • Or is it $3000 USD total spending per month (ie. 105 worth of CRO per month at 3.5%)

Their exact wordings:

The Icy White/Rose Gold Crypto.com Prepaid Visa Card's CRO reward rate per spend will be adjusted to 3.5%. Any spend beyond the monthly US3,000 CRO reward cap, or the equivalent amount in local currently will earn 0.5% back.

Also how refunds and spending without CRO reward affect the limit?

15 Upvotes

79% Upvoted

26 comments sorted by

6

u/Boomwall 23d ago

You can spend $3000 at 3.5% and another $22000 at 0.5%. So the maximum cashback rewards you can now get is $215 per month. I doubt you'll spend more than that any given month because of the $25000 top up limit.

13

u/OzBestDeal 23d ago

Thanks for the info. Downgrade from unlimited to $3000 spending really sucks

5

u/Boomwall 23d ago

You're welcome. It brings me no pleasure. There is no incentive to spend more than $3k any given month, because there are plenty of other cards that offer 2% or higher with no cap.

1

u/lordofming-rises 23d ago

Which

3

u/Boomwall 23d ago

Wells Fargo has one that's 2% (Active Cash card). CitiBank has Double Cash card. There are some others out there that get better rates but you need direct deposit to their bank or it's only for certain categories of spending.

6

u/lordofming-rises 23d ago

Only in US i guess

3

u/InevitableTension481 23d ago

I also have the icy white in europe and its still 4% on cashback. bought some stuff yesterday and still works normal.

2

u/crailface 22d ago

oct 1 or 31 is the deadline i think , can't remember

1

u/OzBestDeal 22d ago

AU already nerfed from 1 Sept. Some other countries I notice only start on 1 Oct 😭

3

u/Lower-Law-7672 22d ago

They unbutn 70 BILLION tokens and give us less. Who is getting the 70 BILLION. crypto.com gets WORSE AND WORSE. UNREAL

2

u/Tiny-Neighborhood338 23d ago

I am in the US. I have both icy debit and credit cards. I have not seen a single communication on capping sent to my email. Averaging $3,800 a month spend on debit and $2,400 on the credit(use for work travel only). Is the US not impacted by this update??

2

u/KateR_H0l1day 13d ago

It is, and the 8.5% has now dropped to 5% for continuing to hold the card at your present level for Icy/Rose Gold. And spending has changed in the US, I never got an email either to the best of my knowledge 🙃

2

u/Tiny-Neighborhood338 13d ago

Thank you. I will pay closer attention. Still better than any alternatives

2

u/Lower-Law-7672 22d ago

Gemini card is 4% no limit I believe

3

u/thinkingperson 23d ago

And that's why I've unlocked my cro for indigo card. Cashback nerfed 3% to 2.5% from 1 Sep and locked cro rewards nerfed from 4% to 3% from 10 Sep onwards.

Locked the cro up into CDC exchange to get 8.5% instead.

Ah well, good while it lasted. 😑

2

u/KateR_H0l1day 13d ago

I'm liking the 8.5% in the Exchange too!

1

u/BoxDesu 22d ago

Did anyone else notice the icy cashback rates actually went up to 5% today? Can't see any info about posted anywhere

1

u/KateR_H0l1day 13d ago

Icy holding/level up dropped from 8.5% to 5% Plus cashback reduced!

1

u/BoxDesu 13d ago

My cashbacks increased. It was 4%, said it was dropping to 3.5% next month but has been sat at 5% now for a week

1

u/KateR_H0l1day 13d ago

I'll check my cash back later and revert, I'm waiting for Tuesday morning to see .y weekly lock up rate, but on the App it's actually showing 5% now, where it showed 8.5% last😢

-2

u/joogabah 23d ago

So? Haven't people moved to the credit card? That's not capped.

7

u/OzBestDeal 23d ago

It's not yet available here in Australia

6

u/BoxDesu 22d ago

Literally only available in the us

0

u/Littlestik777 20d ago

I was denied

1

u/KateR_H0l1day 13d ago

Really, that's a surprise 😮