The 8% Crypto Back Wirex Card is NOT What It Seems...

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The Wirex debit card offers 8% back on your spending, paid in crypto. But there's a catch - here's what you need to know!

00:00 - Intro
1:02 - Wirex Cryptoback Rewards Explained
2:29 - The Truth About 8% Back Rewards
3:52 - X-Points
5:09 - My Experience
7:21 - Is the Wirex Card Worth It?
9:04 - Watch This Next

•••••••••

📈 Join Wirex for $10 in Crypto:

🌽 Get $50 in BTC on Celsius Network & Earn up to 17% APY (with $400 Deposit):
(Referral code: 103086df5b)

•••••••••

As usual, I jumped right into this card without reading the fine print and learned the hard way whether this card is actually worth it.

The good news is, that means I took all of the risk for you, and can now break down exactly what you need to know about the wirex card to determine if this card makes sense for you. And don’t get me wrong, for some people, this card can be an incredible deal.

But as we take a look at the Wirex Cryptoback rewards, you’ll see that this 8% back isn’t as open-ended as we’d probably like it to be.

While you do technically get 8% back, the actual rewards you get in your pocket end up being quite a bit less, and you have to jump through a few hoops to get them.

This includes the fact that all rewards and subscriptions are credited in the app’s x-points, which takes away a little bit of flexibility from us as the users.

I also had a few poor experiences with the card that you may want to consider before pulling the trigger on it yourself.

But in all, there is a sweet spot where the Wirex card could be worth it, and I’ll show you exactly where that is.

After all the costs, there is still the opportunity to earn $50 per month in cryptoback rewards at the elite tier. From my perspective, though, you have to spend as close to $1,000 per month as possible to maximize your rewards. Any more or less spending and your actual percentage back rewards can drop substantially.

For me, it’s a big headache to track every dollar I’m spending with this card and move things around to make sure I get as close to that $1,000 mark as I can. Especially because I have other cards that give me a guaranteed 5% back without any fees. In my case, I’d rather take the guaranteed 5% back in cash than hope everything works out perfectly for the Wirex card.

I was also hoping to use the card for things like tax payments, which are explicitly excluded from cryptoback rewards, and rent, which will be capped at a maximum of 2,000 cryptoback points per transaction, both reducing the utility of this card for me by a lot.

But this could still be worth it for the right person. If you’re looking for a flexible rewards card that works for almost all categories, you don’t want to use credit cards and you’re going to spend around $1,000 per month consistently, the Wirex card can be an awesome way to accumulate crypto every month. On the other hand, for casual spenders or big ticket items, this card just has too many conditions and limits to be ideal.

#Crypto #Wirex #DebitCard

•••••••••

This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.
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Fantastic video Tyler, thanks for the breakdown. I had a feeling it was too good to be true, you've just confirmed that. Well done and keep up the great content👏

SmartMoneywithKai
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Exactly the information I wanted to know. Now I'm not sure if I want to get a Wirex card. Though my options are limited in NZ.

daniel_ryan
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Thanks, this info was exactly what I looking for.

AlexM-uzhg
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Clever & Beautiful Video
Thank you

frederickacker
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Actually it’s 4% and Max cryptoback is 400$ per month

with the basic elite subscription

carmenamaka
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I don't understand this, I am on the Elite subscription (4% cryptoback) and when I spend $1000 I am getting $40 back?
I can earn up to 150, 000 WXT a month where it is capped, which comes out to a few thousand dollars. I'm not sure why you're getting so little?

chunksapat
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I lost funds with wirex, they didn't refund my eth after even though I provided tx hash transfer was confirmed.

Btrue-
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Great Video! Future video suggestions: 1) Top 3 crypto platforms in your opinion. 2) Top 3 coins (not stable) that you think might be here for the long haul.

delliott
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Very high quality and reliable video good job 👍😃

NuggetHe
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Wirex is a Scam. I got my money blocked, when I try to transfer them the application shows an error. The support team is ignoring me. Many other people lost their money with them.

axelaceax
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Thank you for this breakdown, its helped my decision making

alexarises
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I have looked into my Account and it has said all my crypto Is gone on fees, over €6000 worth, I haven’t used it in over 18 months, how can I get back my crypto,

scottparker
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We can only make purchases under $20 each on it?

AlWesley-pt
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Thank you for your review I appreciate you.

chachachableh
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Thank you for this information! I was thinking about to create Wirex account and order the card, but after you video, information and all the catches to get these cashbacks I decided not to do this. Thank you!

gintarasbutnorius
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Could you please talk about the x-accounts?? I can’t really wrap my head around it for some reason lol 😂 i put like 5 bux into my ada x-account to see what happens, this was in February. And every week since then i have been earning the exact same amount (0.01 ada) per week.

I’m a bit nervous to put a larger amount in as I’ve heard that people have been losing money on the app but I’ve been consistently earning the same amount each week so idk 🤷🏽‍♀️🤷🏽‍♀️

MentalClarity_Hub
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Been a member for a year. Still haven't maximized any of their features. Everything you do, always an unknown catch.

BitcoinerPhilippines
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My acount has been verified about 3 times. Sof and 2 times POA. Each time my acount has been block. It's been 2 weeks now the team is seeing my POA. I mean how long does it take to see a jpg!

Royorg-qfjq
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Can I be able to top up the Wirex account with cash using this physical card via ATM?

МыМожемМногое-ип
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So this will make it so I don't have to use a KYC!?

adamzioriophotography