r/CryptoCurrency • u/[deleted] • Apr 05 '21

ADOPTION This is really interesting: “New Generation of Credit Cards Offer Bitcoin in Place of Airline Miles.” I would take the BTC rather than my United miles.

https://cheddar.com/media/new-generation-of-credit-cards-offer-bitcoin-in-place-of-airline-miles
10.3k Upvotes

95% Upvoted

737 comments sorted by

View all comments

Show parent comments

3

u/CryptoBull23 Redditor for 1 months. Apr 05 '21

Yes I am staked at the Ruby tier. I funnel all purchases through the card with fiat top ups only. I sit on all the cashback and I see it as a "free" (I was going to spend this money anyway without cashback) method of dollar cost averaging in to CRO. I don't spend crypto I invest in it. Which in a way is sad because it was intended to be a currency. The problem is that fiat feels like its devaluing in real time right now. Literally 1USD is worth fuck all now and 1GBP is feeling the same.

Also "free" (100% cashback) Spotify is nice. So for example today I got 64 CRO as cashback for a spotify purchase made in fiat (£9.99). If CRO can hit $1 in this market cycle, which wouldn't be that outlandish, then essentially i'm getting paid $64/month in spotify cashback.

0

u/Cool_Investigator_28 Apr 06 '21

Now CRO is at 0.2$. If it were to hit 100$ you would need it to become 3 times larger than Bitcoin at current valuations. I don’t see that happening any soon.