A recent review of 646 crypto cards revealed that only 256 were deemed suitable for general users, while 91 were flagged as high risk, including 57 that did not require KYC verification. The assessment, conducted by PANews, highlighted that issuers and actual costs play a more significant role in evaluating crypto cards than headline cashback offers.
Among the 109 cards that received scores, just four achieved an S rating, with ether.fi Cash leading the pack at 78.5 points. The review emphasized that high cashback offers often come with strings attached, such as token payouts, lockup periods, or substantial asset thresholds.
The findings underscore the importance of scrutinizing the fine print and understanding the true value proposition of crypto cards beyond their advertised benefits.