Skip to main content Staking Explained for New Users

Founded in 2016, have come a long way from their MCO days; they offer one of the best crypto debit card there is, and their cryptocurrency, the CRO, is doing exceptionally well.

With 5 tiers of cards, including an absolutely free one, let’s take a look at what each of them offer and what ‘staking vs non-staking’ benefits actually mean, and how the CRO coin ties in with the cards.

Tiers of cards

The 5 tiers of cards are as follows:

• Midnight Blue – The no-strings-attached free one

• Ruby Steel

• Jade Green / Indigo (both colours are the exact same tier)

• Icy White / Rose Gold (both colours are the exact same tier)

• Obsidian

The first card mentioned above, Midnight Blue, is free for anyone with a account. To get one, you need to sign up through their app (not exchange or defi wallet, which are different products).

On this free tier you get a 1% cashback in CRO on almost all purchases. For example, let’s say you spend $100. The cashback amount would be 1% of $100 which is $1, and you are credited $1 worth of the CRO at the current market exchange rate to your CRO wallet. This is usually available immediately. You can sell this CRO to the open market and buy back your local real-life/fiat currency if you wish to do so.

There are, however, some transactions for which you will not receive the cashback benefit for things such as paying your electricity bill, water bill, rent, withdrawing cash from your ATM, etc. An extensive list can be found on’s website.

The higher tiers

To get the higher tiers of cards (i.e. all of them excluding Midnight Blue), will ask you to stake a certain amount of CRO for 180 days.

As an example, let’s say you’re in the United States and you want a Jade Green or an Indigo card. You will need to stake, at the time of writing this article, $4000 US dollars in CRO. In other words, you need to stake the amount of CRO which has a live market value of $4000. Let’s say 1 CRO = $0.80. In this instance, you would need to put up 5000 CRO to stake. The stake is locked in for 180 days; you cannot sell the CRO or withdraw it to an external wallet.

The amount you must stake will vary depending on your country and you buy the CRO in your local currency if they offer it. In countries where they don’t, you will likely have to buy CRO in Singaporean Dollars (as is based in Singapore). In my case, I had to stake $5000 Australian Dollars for Jade Green.

Here’s a table outlining the staking costs and cashback benefits for different regions:

Card Tier









Midnight Blue









Ruby Steel









Jade / Indigo









Icy / Rose Gold




















Interest on staked CRO

Starting from Jade / Indigo, you also receive a 10% p.a. paid weekly on your staked CRO balance. Using the example from earlier, let’s say your stake was 5000 CRO. Over the course of a year, you would receive 500 CRO total which works out to be 9.61 CRO paid per week.

Loungekey Membership

Jade/Indigo gives the card holder an unlimited-visits Loungekey membership. Icy White / Rose Gold and Obsidian is the same, but the card holder is allowed to bring a plus one.

Free Netflix, Spotify, Amazon, and other benefits

On all tiers except Midnight Blue, you get 100% CRO cashback when you pay for Spotify using the VISA card. Same thing applies for Netflix but for Jade / Indigo and above. For Icy White / Rose Gold and Obsidian users, you also get free Amazon Prime in the same fashion.

There are other benefits to Icy White / Rose Gold and Obsidian, you can view them on the website.

What happens after the 180 days stake?

After 180 days, you are free unstake your staked CRO, and it will be added back to your standard CRO balance. You can sell this CRO or withdraw it to an external wallet if you wish.

Do note that while you do get to keep your VISA card at your current tier, free of charge, you lose most of the benefits, including the staking benefits for Jade tier and above. The cashback percentage decreases, and (for Jade / Indigo and above) the only benefit you keep is Loungekey access.

On the website, this is what’s meant by the “Staking vs Non-Staking Benefits” toggle.

How exactly does it work? Is it a credit or a debit card?

The VISA card is a prepaid debit card. You load in whatever amount you wish using your local fiat currency, or directly using cryptos if you wish (at the live market rate).

Should I bother getting it?

In a word: Absolutely!

In the recent days and weeks (as of writing this article) the CRO token has skyrocketed, and many early investors have made a small (or large!) fortune off it. As a top 13 coin (again, as of writing this article), it is a relatively safe bet for those looking to invest. has done a phenomenal job in terms of marketing, with the most recent event being the STAPLES Centre arena being rebranded as Arena for the next 20 years as part of a deal. This deal is north of $700M which is a good indication that and CRO is a good long-term investment.

If, however, you are not a believer of CRO, that’s okay! We all have our cryptos that we believe in, and as one Reddit user said quoting Johan Cruyff, "It's better to fail with your own vision, rather than following another man's vision". In this case, you can simply opt for the Midnight Blue card which is free. In this case, you still get the 1% cashback. One percent is one percent, can’t complain for the price of free!


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