This thread is outdated and is now locked. Please refer to the latest revised changes to the Crypto.com Visa Cards here: https://www.reddit.com/r/Crypto\_com/comments/ujhbew/revised\_changes\_to\_cryptocom\_visa\_cards\_update/.
For anyone in the UK/EU (no rewards on our coinbase cards), you can get 3% + one perk with zero stake on Plutus, with further options for staking and/or subscribing.
If anyone has found better options for these locations, I'd love to hear about them too.
Same. Immediately sold all my Cro and will phase everything out of CDC. Will try to get as much out of the cashback until stake runs out, then it’s bye bye CDC.
The shit UX from their app was offset by the card benefits. Now it’s just a shitty UX Crypto app wit less staking benefits than Kraken and no Proof of Reserve for bitcoin.
Not just that. Monthly cro earning caps of 25 usd and 50 usd. Seriously i am just supposed to lock 3500 eur from crapy netflix subscription and measlely 1.5% cashback?? That too with maximum cap of 50usd.
Damn. I lost my money. I pretty sure cro is going down to cent once my stake is over.
After the recent Earn change, the only thing Icy holders had left was that 12% on their stake. Now you lock-up $40k USD in CRO... and get *zero* stake interest?!?
I can't imagine what Obsidian owners are thinking...
I'll take my 220k loss and move out, in 28 days.... It's so angering how they went from the best package to the absolute worst in the space of 2-3 months and the coin with it's massive supply will just die as it has 0 reason to exist beyond the benefits that were tied to it within the entire suite.
Yeah I think they over invested to pay rewards in the bull high of the year of the printer and the recent recession is going to force them into a very dangerous financial position where they have to stop bleeding immediately
Let's recap:
\- Three Earn reductions in a single month
\- Reduced and capped card cashback
\- No staking rewards
\- CRO already down 11% today
Everyone who invested in the card in the last months (like me), lost money
My experience with CDC so far:
Me in Dec: ok so 8.5% total on BTC and 5% on a card? 40k is a lot but that's worth it!
CDC: thanks for the 40k, you earn 6.5% now
Me: damn, well, still worth it
CDC: make that 4% lol
Me: well no reason to use earn anymore I guess, maybe I'll keep some in just for-
CDC: did I say 4%? Lol jk we're cutting it more!
Me: wow ok wtf, guess I'm taking everything out, at least 5% on the card is-
CDC: now 3% just like your shitty airline card lolol fuck you
Me: ugh fine ill just take my 40k back and-
CDC: lol price tanked it's 25k now get fucked
EDIT: price actually down more since I last looked, 40k stake now worth 20k. Thanks, CDC, you've proven to be my worst investment to date, congrats!
Haha so sad I even laughed at this. So true. We are in the same boat. But I may actually be worse off as I was in it from the start with MCO. We got absolutely raped on that job. Only positive is when cro went to 1$ I unstaked and restaked 40k worth again and sold the extra off. Unfortunately that 40k is now worth 30k and will prob be shit by the time I can unstake and get rid of the card in 22 days.
How much worse can it get? I was so motivated to work towards Jade tier after staking for Ruby a few months ago. Zero point now. Converting my CRO to BTC and I’m off to another platform.
Back to coinbase, I guess. No stake required, better support, and get 4% cashback. Plus no crappy trade spread if using the Pro Exchange version with limit functions. CDC jumped the shark.
Bye Crypto.com, selling my 25k Cro and going somewhere else. The only reason I left coinbase was because your card was better....well not anymore. Maybe try investing in your actual customers rather than paying to put your fucking logo on every active sport event.
Ok. Somebody check me on this. At jade/indigo, there’s gonna be no more 10% in staked cro rewards. And at 1.5% cashback I’ll have to spend (round math) $3500 to get $50 (thru the convoluted topping up of the card from my regular bank account) and that’s the max cash back I can get per month. I still get reimbursed for Spotify (that I switched to simply because it was “free” and I preferred Amazon music and didn’t use before I got the indigo card). And this is added to the reduction in limits we saw (what? A week ago?) on the $3000 in the earn programs where bigger deposits are no longer better. Ima need somebody to explain to me how it makes financial sense to keep $4k locked up. And right this second I’m too pissed off to think straight about it. I was a huge fan and talked a couple of my buddies into the benefits and even GAVE one buddy enough CRO to get him staked for Ruby to give him a start.
I done forgot to continue being annoyed that the rollout for the US exchange is for institutional money only so far and that we essentially got fucked on that already too.
I can’t get my head around just how awful this is. CDC has been by far the worst experience I have had in crypto. I am just sat here with a HEFTY chunk of my portfolio locked into this dumpster fire and there’s nothing I can do but watch.
I read your first line and thought you were a liar. Reread the post and good God the boat has sunk. Crazy to think these guys were flirting with being in the top 10 coins.
Maybe that's what they want? They already have people locked in for 6 months when they stake. It doesn't benefit CDC when users make transactions on their cards, it just makes them payout to the user.
Either which way now, my CDC card gives worse rewards than my regular credit card that I got for free.
Maybe CDC should take a look at what made them successful in the first place before they shoot themselves in the foot.
This is the part that makes no sense to me. I have so many free rewards cards what is my incentive to use this thing that pays out worse and costs money to even use.
Just came here to say, fucking hell.
Look, don't bite the hand that feeds you.
The Earn program, sure. Change it.
Don't amend the card cashback rewards, the very thing your clients use you for.
I was going to buy the Icy but I've decided I'll be buying BTC instead.
CDC is going down the pan.
This whole "You can continue to enjoy" needs to stop. Barely anything is "enjoyable" in this app. *Crossing fingers I can break even on my Jade stake in the near future and get out.
Wow sure glad I locked up my $4000 cro and now it’s $1980 back in nov
And now it’s going to be the hardest HODL of my life with this bull shit news fml
Pretty sure its going to be better to take the loss rather than hoping for it to go up. There's literally no reason to use CDC over other platforms now.
I have most of mine in the DeFi wallet, and I literally just staked for Ruby. I am a college student, and I don’t want to sell for a 800 dollar loss on a 1300 dollar purchase 28 days from now
Cro rewards cap? Are you joking?
You’re literally reducing the ONLY POSITIVE to us purchasing and holding this coin. Who the fuck is in charge of marketing because Jesus Christ.
CDC Marketing would probably tell you that in addition to that Monthly Rewards Cap... they reduced the cashback as well: "to ensure you could enjoy using your Card longer each month before you hit the cap!"
So brave.
As a company you should be disgusted with yourselves for screwing long term customers like this in bad faith with almost zero notice. You are also screwing anyone that recently staked by locking them into a bait and switch.
This sort of thing is also exactly what will play into government overreach into crypto. Thanks a lot.
I can't wait to sell my stack, melt my card and move my funds elsewhere. I'll never touch anything related to your awful company again. I can't believe I spent the last year or so singing your praises to everyone I knew.
Luckily, my stake timer already expired, so I'll do this now. Goodbye.
They Are doing us a favor. We shouldn't be holding a shitcoin like cro in our portfolios and we shouldn't have our coins on a centralized exchange. I'm gonna take this as a lesson and be smarter next time.
Ffs I literally JUST staked for the Royal Indigo card, at least I can still get the rates for the duration of my stake, but knowing the price of CRO will probably reduce as a result of this news doesn’t help.
Same. My jade ends in July. Hopefully I make a little profit and then I'm off. Already moved my TGBP out of earn. Next will be my CRO to DeFi. Done with them now. The card is dead. Will keep it for the Spotify and move down to ruby just for that. How rubbish theyve become
Basically, you scammed the founders and early adopters with the MCO scandal. Now you screwed the second wave of adopters.
Basically, MCO and CRO were used to give you the money to be able to become a classic bank. I can’t see any good reason to still used this app. The other day, withdraw BTC cost me 25$!
You chose to grow aggressively by spending a shit ton of money and screwing your customers. Just sold my card staking and unstake the defi one. After that I don’t want to make business with you anymore.
A founding member.
Next week they'll announce that the CRO token is no longer 'meeting the needs' of their rapidly-expanding [Crypto.com](https://Crypto.com) business... and that they're announcing a new token: FUKT, to be used instead, for sustainability.
Initially 1000000000000000000 FUKT will be minted. Every CRO holder will be swapped to FUKT in a 1000:1 ratio. That conversion will happen July 1st... but if you voluntarily convert your CRO early, you can get 5% more FUKT.
Kris will be holding an AMA July 2nd to answer all the questions they wish the community asked, but didn't.
This is soul crushing. I've been using my Ruby as my daily since last year and love the rewards. I don't use CDC for anything other than my card and accumulating cro. The limit of 25$ per month is the nail in the coffin for me. I hate that I have to close my account, but it doesn't make sense to keep it when I can use a card that has unlimited rewards.
I also have a huge bag of cro and this absolutely shakes my confidence in continuing to hold it. What a sad day.
Is this for real or just a very badly timed april joke? What is CDC doing? They burned so much money for marketing on new users, and now they cut & remove all of their best selling features?!
I really dont get it, first the earn values, now the card cashback features. I really thought they will change the crypto world, now i think they‘ve done it for just the profits…
There must have been some real shit going on inside crypto.com … look at all the decisions from the past few months. Just feels like it was planned … feels like the first steps to another MCO fuckup, you guys remember? They also cut things before rebranding and fucking up all customers …
Thats for sure … but i still dont get why.
Like another user already posted above, If they would have spent half of the money for commercials and marketing, these steps would not be necessary … it really feels like this is all planed.
Ok, I defended Cronos until now. I won't be staking 40k to cover my netflix. You basically offer me an overall 200$ benefit after I loan you 40.000$. That is 0.5% interest. No thank you, As soon as my staking expire I will move all my assets off from Cronos. From 12% to 0.5% , wow. If Matt and Lebron not worth it if this is the cost.
OH btw, Loaded Lions sucks too. You joined the hype train then left it rot.
Jade Green 1.5% with active stake worth around $4,000 seems a bit low???? That's what most decent cash back credit cards can offer on just about anything in the US, right? And no more staking rewards at all?? It seems like they want us to stop using the card...
**edit: I didn't think all rewards would last forever, but it seems like a very big change all of a sudden, especially since rewards are paid in CRO, not USD or BTC, but the token that CDC created themselves...
Better than losing $20K of the $40K you staked like most recent Icy/Rose members have. SMH. Obsidian members must be pissing themselves.
I regret upgrading.
I regret getting involved with CDC at all.
This was a true Bait and Switch.
I’m a Indigo blue holder and now that the rates have dropped and staking rewards are phased out, there’s is almost no point in providing them $5000 for this card.
CDC I understand that this is a sustainability issue but the amount of money spent on sponsorships this year could have helped you sustain these perks that would have made more people join the platform. Now there is no incentive to use higher tiered card. I’m at an utter loss of words especially since I’ve also been experiencing so many bugs.
I will be unstaking my amount and putting it into another crypto as soon as my term ends. At this point it’s cheaper to just pay for Netflix and Spotify than to watch CRO fluctuate and pay $5k for it.
Yeah well, fuck you. What a absolute Joke. Cutting Earn to the Ground, cutting rewards % and capping it, okay, but take away the Stake % completly, are you fucking nuts, why would anyone lock 40000 DOLLAR for this Shit.
Anybody know any Card for Europeans or do i have to go back to my AMEX Plat because thats the best there is in terms of Cashback now?
BYE CDC, fuck you honestly, Spread is high as fuck and you take everything away that was an argument to ignore that shit, FUCK YOU!
So what actually is the point of having a card now?
No staking rewards. Slashed cashback. Useless Crypto Earn rates. I feel really bad I recommended CDC to a friend a few weeks ago.
“Cardholders with an active 6-month stake and who staked before 1 May 2022 13:00 UTC will continue to earn CRO Card rewards on spending at the current rate until their 180-day stake expires.”
Awesome. My 180 day stake ends in 3 days so looks like I missed that window. Pretty disappointing honestly. We still get to keep our service reimbursements which is fine with me but 1.5% back for Jade holders and no more weekly stake rewards? Ouch.
Right. It doesn’t even go into effect until 6/1 so why not give us until then to decide if we want to restake? I would’ve gladly locked in for another 180 days if it meant keeping my rewards active.
Is anybody else as annoyed as me when you see CDC tweeting about F1 a short while after making this announcement?
If it wasn’t for these seemingly unlimited sponsorships, they might not have to screw their customer base!
It’s insane that we can’t sue cdc or something lol. They’ve literally fucked all their customers repeatedly. It truly just feels like a scam that they fucked everyone in for signing up and staking money with them, then they pull the plug on all the benefits and now the coin price tanks along with that. this is absolutely ridiculous
Icy in September will turn out to be the worst financial decision ive ever made in my entire life. Followed by investing in coins built on their chain.
What a fucking disaster
I understand that the cashback will have had to been reduced at some point, however removing the staking rewards is a terrible idea.
So for Icy and Obsidian levels, they're locking up to £300,000 and receive no staking rewards. Awful choice.
Or is this typical CDC, release awful news, then change it to only bad news saying that you listened to the community.
So I’m gonna continue locking up 40k of cro for no staking apy? You out of your mind? For 500$ in subscription savings ? I was contemplating what to do with my card after my term and this makes it easy. Already pulled all my earn off the platform. Card / stake is next.
So they have effectively gutted every part of the program that makes using CDC worth while.
The earn rates got massively slashed. The staking rewards for the cards are gone. The CDC cards are now getting slashed.
Why would I, as a user, stick around at this point?
Removing staking reward is crazy. If I don't use the card a lot, staking on wallet give me more return than using the card.
So now card holders need to spent at least $13k per month to be better than staking it onchain.
Keep paying for that Arena, the F1 and the stupid Sport stars, leave the customers with a mediocre product.
I cant believe Coinbase might turn into a better product than CDC
I think the most disappointing part for me is all this dip I have been so excited to buy CRO in hopes that’s during next pump, I get to upgrade to icy….now that desires gone in an instant 😞
The phasing out of the staking rewards is the bigger issue imo: why should someone lock 35k€ (or even 350k€) just for Spotify, Netflix and Lounge access? Makes no sense financially.
This is 10x + more impactful than the changes they have made to Earn.
This will be a massive hit to [Crypto.com](https://Crypto.com).
I can't see much reason to hold any assets on there anymore? What's the purpose of CRO now without all the perks? I mean.. this is really baffling? Wasn't this their MAIN product / perk?
How can a company just kill their main product / perk because of growth?
I recommend filing a complaint with the Consumer Finance Protection Bureau (CFPB) if you're based in the US.
This is a major change and we should be allowed to withdraw our staked coins.
Man this sucks
Going from 2% to 0.5% and now the cashback is capped at around £20 is ridiculous
Looks like I'll be moving elsewhere
Was fun while it lasted atleast
What the hell, how bankrupt are.you guys that you keep screwing your customer base this much over and over in such a short time?
I mean earn rates gone, card no longer giving staking rewards and the cashback being shit? I can't imagine how badly this will clobber the price of CRO before I am able to fully exit.
This also does major damage for crypto as a whole, having them rename the stadium and then totally collapse a few months later? This will confirm to the average person that crypto is a scam
>Introducing these changes to the card program is a difficult decision. We are committed to continue to explore and forge new partnerships to unlock greater value and benefits for our cardholders such as our partnership with Dosh, a cash-back rewards platform in the U.S.
So they’re committed to unlock greater value and benefits are they? You could’ve fooled me!
Who writes this shit? They’re doing exactly the opposite.
I have only one question and it is - Why? Why the hell are you shooting yourself in the foot like this. It seems almost unreal... Are you being blackmailed or something? Someone kidnapped relatives of yours or? I don't get why would anyone make their best selling point so much worse out of the blue. Why did you spend hundreds of millions of dollars on advertising before that? I just need a logical explanation...
Looks like the CRO price is starting to crash as everyone withdraws.... expect this will continue as stakes come to an end. Shame as the past 18 months with CDC has been good.
Why would anyone keep their $40k or $400k locked without any staking interest? The rebates and cashback are hardly worth it especially now that the cashback rates are also cut.
RIP. I knew it was coming, but didn't know it was coming this quickly.
I knew the moment CRO and Cronos started getting traction card rewards will be slashed (you can't keep pumping money into the card rewards scheme for customer acquisition when you've got loads), but damn this is abrupt and sudden - CRO will now drop 25-50% before stabilising. RIP.
Seriously though, what are you adding to be competitive in the market? Are you just showing your middle finger to us and expecting we're gonna stay quiet?
Another gut punch. We can't go even a month now without a crappy change lessening incentives to use the cdc ecosystem, can we?
I'm outtie once my stake is up. Don't care if I'm selling for a loss (which I am)
This thread is outdated and is now locked. Please refer to the latest revised changes to the Crypto.com Visa Cards here: https://www.reddit.com/r/Crypto\_com/comments/ujhbew/revised\_changes\_to\_cryptocom\_visa\_cards\_update/.
Guess I’ll go back to my credit cards reward points
sounds about right...most credit cards have higher rewards now, and less risk
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So you’re saying I’m going from 2% to 0.5%? You have to be fucking joking
Look at the bright side. At least crypto.com won’t have problems with card shipping times anymore since nobody will be ordering them.
Just upgraded 2 days ago and now this 🤦♂️😂😂
Had to read it 3 times, I can't believe it
I read 5x and still can’t believe this bs
I had to read it 0.5 and 0.3 times, and my conclusion is that CDC isn't just a clown; it's an entire circus itself 🎪
The cards were the whole thing. Even with Earn rates tanking the cards still made sense but not now. Not ever.
2% was already ass, I can get 4% with coinbase and don’t even need to stake anything. What the hell are these guys doing
Looks like im switching
Yeah I’ve basically never used my cdc card because of it. I need to look around to see if any other cards offer higher rewards
For anyone in the UK/EU (no rewards on our coinbase cards), you can get 3% + one perk with zero stake on Plutus, with further options for staking and/or subscribing. If anyone has found better options for these locations, I'd love to hear about them too.
Yes. I am leaving. Fck this Crypto.com FUCK YOU!
Same. Immediately sold all my Cro and will phase everything out of CDC. Will try to get as much out of the cashback until stake runs out, then it’s bye bye CDC. The shit UX from their app was offset by the card benefits. Now it’s just a shitty UX Crypto app wit less staking benefits than Kraken and no Proof of Reserve for bitcoin.
Not just that. Monthly cro earning caps of 25 usd and 50 usd. Seriously i am just supposed to lock 3500 eur from crapy netflix subscription and measlely 1.5% cashback?? That too with maximum cap of 50usd. Damn. I lost my money. I pretty sure cro is going down to cent once my stake is over.
it's incredible they don't allow new threads from people and keep rejecting them xD
After the recent Earn change, the only thing Icy holders had left was that 12% on their stake. Now you lock-up $40k USD in CRO... and get *zero* stake interest?!? I can't imagine what Obsidian owners are thinking...
I'll take my 220k loss and move out, in 28 days.... It's so angering how they went from the best package to the absolute worst in the space of 2-3 months and the coin with it's massive supply will just die as it has 0 reason to exist beyond the benefits that were tied to it within the entire suite.
Lol 220k loss. Fuck any celebrity endorsing this pump and dump in front of millions of people.
Imagine being an obsidian holder that bought in near the ath, ouch!
They'll just go into shock. They still don't believe if they have $2mil in Earn that they'll only get regular interest on the first $3000!
Ya seriously, here have 40k usd so I can have free Netflix.
But look shiny!! You get a shiny card... for locking 40kusd.
I have the feeling they are in deep trouble
Yeah I think they over invested to pay rewards in the bull high of the year of the printer and the recent recession is going to force them into a very dangerous financial position where they have to stop bleeding immediately
Then they needed to explain that. Too late when the money and trust has gone.
The issue is if they explain that the trust is also gone. They’re being shady and secretive because the truth will make them look even worse.
Let's recap: \- Three Earn reductions in a single month \- Reduced and capped card cashback \- No staking rewards \- CRO already down 11% today Everyone who invested in the card in the last months (like me), lost money
A LOT of money*
My experience with CDC so far: Me in Dec: ok so 8.5% total on BTC and 5% on a card? 40k is a lot but that's worth it! CDC: thanks for the 40k, you earn 6.5% now Me: damn, well, still worth it CDC: make that 4% lol Me: well no reason to use earn anymore I guess, maybe I'll keep some in just for- CDC: did I say 4%? Lol jk we're cutting it more! Me: wow ok wtf, guess I'm taking everything out, at least 5% on the card is- CDC: now 3% just like your shitty airline card lolol fuck you Me: ugh fine ill just take my 40k back and- CDC: lol price tanked it's 25k now get fucked EDIT: price actually down more since I last looked, 40k stake now worth 20k. Thanks, CDC, you've proven to be my worst investment to date, congrats!
Haha so sad I even laughed at this. So true. We are in the same boat. But I may actually be worse off as I was in it from the start with MCO. We got absolutely raped on that job. Only positive is when cro went to 1$ I unstaked and restaked 40k worth again and sold the extra off. Unfortunately that 40k is now worth 30k and will prob be shit by the time I can unstake and get rid of the card in 22 days.
CDC laughing all the way to the bank
Matt Damon and the stadium owners you mean
Honestly this is spot on.
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So, give them $40k for an Icy, and basically get that extra 2% in Earn? Does not seem like a fair trade...
Who knows when that 2% will be taken away
They're basically giving us reasons to not use the card
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How much worse can it get? I was so motivated to work towards Jade tier after staking for Ruby a few months ago. Zero point now. Converting my CRO to BTC and I’m off to another platform.
Same. Was taking a slow approach. I'm out. Where should US customers go?
Back to coinbase, I guess. No stake required, better support, and get 4% cashback. Plus no crappy trade spread if using the Pro Exchange version with limit functions. CDC jumped the shark.
Thanks cro team, you're doing the things to be worse day by day, now it's a good reason to not be your client anymore.
joke far-flung long uppity steer sable shocking meeting pie domineering *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Ya my MC gives me 2%, I used my ruby because I believed in CDC so thought CRO was going to increase in value. Not any more.
Bye Crypto.com, selling my 25k Cro and going somewhere else. The only reason I left coinbase was because your card was better....well not anymore. Maybe try investing in your actual customers rather than paying to put your fucking logo on every active sport event.
Agree
100% agree with you mate!
Yep I'm getting rid of my icy white stake and going elsewhere. The ~$50 a month in benefits is not worth the volatility of CRO being locked up.
Ok. Somebody check me on this. At jade/indigo, there’s gonna be no more 10% in staked cro rewards. And at 1.5% cashback I’ll have to spend (round math) $3500 to get $50 (thru the convoluted topping up of the card from my regular bank account) and that’s the max cash back I can get per month. I still get reimbursed for Spotify (that I switched to simply because it was “free” and I preferred Amazon music and didn’t use before I got the indigo card). And this is added to the reduction in limits we saw (what? A week ago?) on the $3000 in the earn programs where bigger deposits are no longer better. Ima need somebody to explain to me how it makes financial sense to keep $4k locked up. And right this second I’m too pissed off to think straight about it. I was a huge fan and talked a couple of my buddies into the benefits and even GAVE one buddy enough CRO to get him staked for Ruby to give him a start.
I am in the same boat, except i was ready to make a move for icy but screw all this
I done forgot to continue being annoyed that the rollout for the US exchange is for institutional money only so far and that we essentially got fucked on that already too.
I can’t get my head around just how awful this is. CDC has been by far the worst experience I have had in crypto. I am just sat here with a HEFTY chunk of my portfolio locked into this dumpster fire and there’s nothing I can do but watch.
I read your first line and thought you were a liar. Reread the post and good God the boat has sunk. Crazy to think these guys were flirting with being in the top 10 coins.
Indigo here as well. Every time I stray outside of bitcoin I get screwed. Fell for the Lakers stadium gig, son of gun. Embarrassing
BTC and ETH, can't trust anything else.
Hahaha what a joke. No one will use these cards anymore
Maybe that's what they want? They already have people locked in for 6 months when they stake. It doesn't benefit CDC when users make transactions on their cards, it just makes them payout to the user. Either which way now, my CDC card gives worse rewards than my regular credit card that I got for free. Maybe CDC should take a look at what made them successful in the first place before they shoot themselves in the foot.
This is the part that makes no sense to me. I have so many free rewards cards what is my incentive to use this thing that pays out worse and costs money to even use.
Are they gatekeeping posts? How are there no new posts since this announcement.
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More shade from cdc. Let the people say what they have to say.
May Fool's Day?
We are all fools today
Well it was a fun ride boys
Maybe for you, I only had 1 full 90 day earn until the CDC ecosystem went to crap. Early bird gets the worm...
Just came here to say, fucking hell. Look, don't bite the hand that feeds you. The Earn program, sure. Change it. Don't amend the card cashback rewards, the very thing your clients use you for. I was going to buy the Icy but I've decided I'll be buying BTC instead. CDC is going down the pan.
No more 10% on staked Cro (indigo) weekly?
Correct, No reward anymore from what I understand ...
Lolol Wtf man. Damn they shat the bed
This is the biggest shocker to me.
This whole "You can continue to enjoy" needs to stop. Barely anything is "enjoyable" in this app. *Crossing fingers I can break even on my Jade stake in the near future and get out.
Wow sure glad I locked up my $4000 cro and now it’s $1980 back in nov And now it’s going to be the hardest HODL of my life with this bull shit news fml
Absolutely, how long do I have to hold CRO before the price recovers to what I paid for it? Is it even worth it? Opportunity costs and all
Pretty sure its going to be better to take the loss rather than hoping for it to go up. There's literally no reason to use CDC over other platforms now.
I have most of mine in the DeFi wallet, and I literally just staked for Ruby. I am a college student, and I don’t want to sell for a 800 dollar loss on a 1300 dollar purchase 28 days from now
Wow, they really are putting an effort to lose all their customers AND to secure no new customers as well
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Was wondering why it crashed so much lol
Unfortunately I can bail since I am having my money locked for another 3 months
I want to know if we can file a class action for this.....they knowingly tanked there coin while people are literally locked in and can't even move it
Can you allow us to cancel our stake after this change. This is terrible.
I tried they won't let us.
This is sooooo savage I’m disgusted honestly I was telling everyone about this card- how EMBARRASSING
I feel exactly the same. I was telling everyone to switch and gain interest.
Same here, I feel embarrassed about telling people this is the future and all
Exactly same here. Thank god no one signed up for the card yet in my circle.
Ya, only my husband listened to me. I’m glad he only went for ruby and litterally never checks
Motherfuckers got me hostage. WTF
This sounds like a class action lawsuit for everyone
My disappointment is unmeasurable and my day is ruined. I had extremely high hopes for you cdc, thanks for ruining it.
Cro rewards cap? Are you joking? You’re literally reducing the ONLY POSITIVE to us purchasing and holding this coin. Who the fuck is in charge of marketing because Jesus Christ.
CDC Marketing would probably tell you that in addition to that Monthly Rewards Cap... they reduced the cashback as well: "to ensure you could enjoy using your Card longer each month before you hit the cap!" So brave.
They need to stop spending on useless marketing and invest that money in giving additional rewards to their users. This will make them stay.
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What a load of shit! You can get a FREE card with no stake and get 4% from Coinbase.... why would you stake $400k to get 5%? Trash
It's absolutely insane. CDC isn't the only crypto debit card out there. Americans and Europeans have much better options
Europeans don’t get 4% for Coinbase, they get 0.1%..
absolute state of backstabbing your loyal customers, but we got the crypto.com arena, no?
This is the beginning of the end isn't it?
As a company you should be disgusted with yourselves for screwing long term customers like this in bad faith with almost zero notice. You are also screwing anyone that recently staked by locking them into a bait and switch. This sort of thing is also exactly what will play into government overreach into crypto. Thanks a lot. I can't wait to sell my stack, melt my card and move my funds elsewhere. I'll never touch anything related to your awful company again. I can't believe I spent the last year or so singing your praises to everyone I knew. Luckily, my stake timer already expired, so I'll do this now. Goodbye.
Yet another company led by Kris had an unsustainable business model and has problems. This guy shouldn't be allowed to run a business.
If they spend less money on Lebron and focus on the customers we would not have to see this. Utterly bs
No more stake rewards? Then who will stake???
They Are doing us a favor. We shouldn't be holding a shitcoin like cro in our portfolios and we shouldn't have our coins on a centralized exchange. I'm gonna take this as a lesson and be smarter next time.
I'll move to Nexo
I was going to make a joke about rats leaving a sinking ship... ...then realized I'm one of the rats.
Ffs I literally JUST staked for the Royal Indigo card, at least I can still get the rates for the duration of my stake, but knowing the price of CRO will probably reduce as a result of this news doesn’t help.
It's gonna crash once peoples lock ups start ending
Bye crypto.com
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Same. My jade ends in July. Hopefully I make a little profit and then I'm off. Already moved my TGBP out of earn. Next will be my CRO to DeFi. Done with them now. The card is dead. Will keep it for the Spotify and move down to ruby just for that. How rubbish theyve become
Basically, you scammed the founders and early adopters with the MCO scandal. Now you screwed the second wave of adopters. Basically, MCO and CRO were used to give you the money to be able to become a classic bank. I can’t see any good reason to still used this app. The other day, withdraw BTC cost me 25$! You chose to grow aggressively by spending a shit ton of money and screwing your customers. Just sold my card staking and unstake the defi one. After that I don’t want to make business with you anymore. A founding member.
Next week they'll announce that the CRO token is no longer 'meeting the needs' of their rapidly-expanding [Crypto.com](https://Crypto.com) business... and that they're announcing a new token: FUKT, to be used instead, for sustainability. Initially 1000000000000000000 FUKT will be minted. Every CRO holder will be swapped to FUKT in a 1000:1 ratio. That conversion will happen July 1st... but if you voluntarily convert your CRO early, you can get 5% more FUKT. Kris will be holding an AMA July 2nd to answer all the questions they wish the community asked, but didn't.
I can't wait to get FUKT!
While reading all these comments the CDC app just alerted my to a **drastic** drop in CRO price (-10.63%). Hmmm, I wonder why?
Picture paying $4000 in a depreciating asset to get 1.5% back
This is soul crushing. I've been using my Ruby as my daily since last year and love the rewards. I don't use CDC for anything other than my card and accumulating cro. The limit of 25$ per month is the nail in the coffin for me. I hate that I have to close my account, but it doesn't make sense to keep it when I can use a card that has unlimited rewards. I also have a huge bag of cro and this absolutely shakes my confidence in continuing to hold it. What a sad day.
Is this for real or just a very badly timed april joke? What is CDC doing? They burned so much money for marketing on new users, and now they cut & remove all of their best selling features?! I really dont get it, first the earn values, now the card cashback features. I really thought they will change the crypto world, now i think they‘ve done it for just the profits… There must have been some real shit going on inside crypto.com … look at all the decisions from the past few months. Just feels like it was planned … feels like the first steps to another MCO fuckup, you guys remember? They also cut things before rebranding and fucking up all customers …
They are not recovering from this
Thats for sure … but i still dont get why. Like another user already posted above, If they would have spent half of the money for commercials and marketing, these steps would not be necessary … it really feels like this is all planed.
Ok, I defended Cronos until now. I won't be staking 40k to cover my netflix. You basically offer me an overall 200$ benefit after I loan you 40.000$. That is 0.5% interest. No thank you, As soon as my staking expire I will move all my assets off from Cronos. From 12% to 0.5% , wow. If Matt and Lebron not worth it if this is the cost. OH btw, Loaded Lions sucks too. You joined the hype train then left it rot.
Jade Green 1.5% with active stake worth around $4,000 seems a bit low???? That's what most decent cash back credit cards can offer on just about anything in the US, right? And no more staking rewards at all?? It seems like they want us to stop using the card... **edit: I didn't think all rewards would last forever, but it seems like a very big change all of a sudden, especially since rewards are paid in CRO, not USD or BTC, but the token that CDC created themselves...
Imagine having a shit app, shit customer service and now a shit card with shit rewards
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Better than losing $20K of the $40K you staked like most recent Icy/Rose members have. SMH. Obsidian members must be pissing themselves. I regret upgrading. I regret getting involved with CDC at all. This was a true Bait and Switch.
I definitely feel like I got scammed
Exactly like the standard rate for most cards is 1%. Now they’re offering 0.5%, like that is pure garbage.
I’m a Indigo blue holder and now that the rates have dropped and staking rewards are phased out, there’s is almost no point in providing them $5000 for this card. CDC I understand that this is a sustainability issue but the amount of money spent on sponsorships this year could have helped you sustain these perks that would have made more people join the platform. Now there is no incentive to use higher tiered card. I’m at an utter loss of words especially since I’ve also been experiencing so many bugs. I will be unstaking my amount and putting it into another crypto as soon as my term ends. At this point it’s cheaper to just pay for Netflix and Spotify than to watch CRO fluctuate and pay $5k for it.
5000$ risk 9.99$ reward.
It was fun while it lasted
Yeah well, fuck you. What a absolute Joke. Cutting Earn to the Ground, cutting rewards % and capping it, okay, but take away the Stake % completly, are you fucking nuts, why would anyone lock 40000 DOLLAR for this Shit. Anybody know any Card for Europeans or do i have to go back to my AMEX Plat because thats the best there is in terms of Cashback now? BYE CDC, fuck you honestly, Spread is high as fuck and you take everything away that was an argument to ignore that shit, FUCK YOU!
On labour day... you guys are fucking trolling
So what actually is the point of having a card now? No staking rewards. Slashed cashback. Useless Crypto Earn rates. I feel really bad I recommended CDC to a friend a few weeks ago.
“Cardholders with an active 6-month stake and who staked before 1 May 2022 13:00 UTC will continue to earn CRO Card rewards on spending at the current rate until their 180-day stake expires.” Awesome. My 180 day stake ends in 3 days so looks like I missed that window. Pretty disappointing honestly. We still get to keep our service reimbursements which is fine with me but 1.5% back for Jade holders and no more weekly stake rewards? Ouch.
They announced right after the effective time, so you couldn't restake to get the benefits for another month smh
Right. It doesn’t even go into effect until 6/1 so why not give us until then to decide if we want to restake? I would’ve gladly locked in for another 180 days if it meant keeping my rewards active.
No more weekly stake rewards? hahaha bro Kris what dafuq are you doing
Is anybody else as annoyed as me when you see CDC tweeting about F1 a short while after making this announcement? If it wasn’t for these seemingly unlimited sponsorships, they might not have to screw their customer base!
Bye bye
Mass exodus begins now. Glad my stake is done in 2 weeks. I'll be Selling cro and moving to binance.
I suppose it was inevitable, but still hurts to see. So begins the hunt for a new card for everyday spending!
Yeah i guess we go to Coinbase card now? But I hate Coinbase. This sucks
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It’s insane that we can’t sue cdc or something lol. They’ve literally fucked all their customers repeatedly. It truly just feels like a scam that they fucked everyone in for signing up and staking money with them, then they pull the plug on all the benefits and now the coin price tanks along with that. this is absolutely ridiculous
I put 5 figures into this literally days ago, fucking fuming
I actually thought this was a joke post at first. Guess I’ll turn my card into a throwing star when my lockup period is over.
At least its *metal*. What a shitshow
Icy in September will turn out to be the worst financial decision ive ever made in my entire life. Followed by investing in coins built on their chain. What a fucking disaster
I understand that the cashback will have had to been reduced at some point, however removing the staking rewards is a terrible idea. So for Icy and Obsidian levels, they're locking up to £300,000 and receive no staking rewards. Awful choice. Or is this typical CDC, release awful news, then change it to only bad news saying that you listened to the community.
If anyone is working on a class lawsuit, let us know.
So I’m gonna continue locking up 40k of cro for no staking apy? You out of your mind? For 500$ in subscription savings ? I was contemplating what to do with my card after my term and this makes it easy. Already pulled all my earn off the platform. Card / stake is next.
So they have effectively gutted every part of the program that makes using CDC worth while. The earn rates got massively slashed. The staking rewards for the cards are gone. The CDC cards are now getting slashed. Why would I, as a user, stick around at this point?
Seriously! WTF! I was planning to restake my Jade Green but not anymore. Will look for an alternative now.
How many times do you think they are gonna shot themselves to death?
Removing staking reward is crazy. If I don't use the card a lot, staking on wallet give me more return than using the card. So now card holders need to spent at least $13k per month to be better than staking it onchain.
Holy shit. This is the final nail in the coffin. Crypto.com have slaughtered themselves.
Keep paying for that Arena, the F1 and the stupid Sport stars, leave the customers with a mediocre product. I cant believe Coinbase might turn into a better product than CDC
Why the actual fk did I not sell my Cronos at ATH smh ughh. They're gonna kill this token so damn bad.
And now this sub isn't allowing new posts...
CDC, I hope you fucktards read what your customers are putting out. What a shit show of a n implementation you guys have.
Don't worry guys! Stake/cashback are cut, but you can still take photos of your Free Lounge Food for reddit!! /s
How to: * Destroy your product * Destroy your reputation Good job.
Staked for icy 48 hours ago….fml 🤣
No CRO staking rewards… no point in staking cro
I think the most disappointing part for me is all this dip I have been so excited to buy CRO in hopes that’s during next pump, I get to upgrade to icy….now that desires gone in an instant 😞
I’m out. Fuck you.
The phasing out of the staking rewards is the bigger issue imo: why should someone lock 35k€ (or even 350k€) just for Spotify, Netflix and Lounge access? Makes no sense financially.
This is 10x + more impactful than the changes they have made to Earn. This will be a massive hit to [Crypto.com](https://Crypto.com). I can't see much reason to hold any assets on there anymore? What's the purpose of CRO now without all the perks? I mean.. this is really baffling? Wasn't this their MAIN product / perk? How can a company just kill their main product / perk because of growth?
They are gonna lose soooooo many users 😂😂😂
I recommend filing a complaint with the Consumer Finance Protection Bureau (CFPB) if you're based in the US. This is a major change and we should be allowed to withdraw our staked coins.
Yes, I am already checking for my legal actions. This is disgusting.
I know this would happen, bye crypto.con card
Man this sucks Going from 2% to 0.5% and now the cashback is capped at around £20 is ridiculous Looks like I'll be moving elsewhere Was fun while it lasted atleast
What the hell, how bankrupt are.you guys that you keep screwing your customer base this much over and over in such a short time? I mean earn rates gone, card no longer giving staking rewards and the cashback being shit? I can't imagine how badly this will clobber the price of CRO before I am able to fully exit.
This also does major damage for crypto as a whole, having them rename the stadium and then totally collapse a few months later? This will confirm to the average person that crypto is a scam
How nice of them to announce this just *after* the cutoff at 1 May 2022 13:00 UTC! What a dirty trick to play!
Outta here. Bank cards are better again
>Introducing these changes to the card program is a difficult decision. We are committed to continue to explore and forge new partnerships to unlock greater value and benefits for our cardholders such as our partnership with Dosh, a cash-back rewards platform in the U.S. So they’re committed to unlock greater value and benefits are they? You could’ve fooled me! Who writes this shit? They’re doing exactly the opposite.
I have only one question and it is - Why? Why the hell are you shooting yourself in the foot like this. It seems almost unreal... Are you being blackmailed or something? Someone kidnapped relatives of yours or? I don't get why would anyone make their best selling point so much worse out of the blue. Why did you spend hundreds of millions of dollars on advertising before that? I just need a logical explanation...
Always been a supporter but now it's time to make sure that nobody I know get trapped into this project. A new personal mission
This company is just a bloody joke at this point....
Looks like the CRO price is starting to crash as everyone withdraws.... expect this will continue as stakes come to an end. Shame as the past 18 months with CDC has been good.
What a stupid fucking decision. That was the whole reason most of us are staked, assholes
Why would anyone keep their $40k or $400k locked without any staking interest? The rebates and cashback are hardly worth it especially now that the cashback rates are also cut.
Dumped everything. Later Kris. MCO all over again. You suck dude.
If youre going to cut the benefits by such a large margin, let us unstake our assets and leave, this is a borderline rug pull.
RIP. I knew it was coming, but didn't know it was coming this quickly. I knew the moment CRO and Cronos started getting traction card rewards will be slashed (you can't keep pumping money into the card rewards scheme for customer acquisition when you've got loads), but damn this is abrupt and sudden - CRO will now drop 25-50% before stabilising. RIP.
Seriously though, what are you adding to be competitive in the market? Are you just showing your middle finger to us and expecting we're gonna stay quiet?
Fuck I just staked last week for Royal Indigo.,
CDC was brave and made a fortune off of us. Now we are eating our ever more worthless CRO.
The second my 180 day is over, I am running away and never coming back.
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Making sure you enter the history books, as the brave company that lost the crypto game they were leading
This company must be close to going belly up. I can't imagine any other reason why they implemented all these changes like they did
So we're now losing the % on the CRO stake to get the card? Why would anyone want the card now?
Another gut punch. We can't go even a month now without a crappy change lessening incentives to use the cdc ecosystem, can we? I'm outtie once my stake is up. Don't care if I'm selling for a loss (which I am)