Anonymous
ID: 5RobAyYM
7/11/2025, 1:05:37 PM No.60609055
I have the Robinhood Gold Credit Card, but this seems even better. Is there anybody here who isn't getting it?
Replies:
Earn up to 4% bitcoin back on every purchase. - /biz/ (#60609055) [Archived: 665 hours ago]
Anonymous
ID: nuJAsadc
7/11/2025, 4:25:22 PM No.60609961
>>60609055 (OP)
It’s based off the amount of assets you have on coinbase. I’m not risking coinbase acting as a custodian for my linkies
It’s based off the amount of assets you have on coinbase. I’m not risking coinbase acting as a custodian for my linkies
Anonymous
ID: YN/BKJeo
7/11/2025, 5:01:53 PM No.60610191
>>60609055 (OP)
It's gated behind a $25/mo coinbase one membership. Their card-only $50/yr membership isn't real and probably won't ever be. If you have $30k USDC sitting on coinbase all the time and make $100k+ monthly trade volume on the platform then the CBOne membership pays for itself. Otherwise, meh. An extra 2% back vs a citi doublecash is like $6-800 annually for me, which if I have to pay $250 to unlock it is whatever. The card looks cool but it outs you as a crypto nerd which can be dangerous if you show it off in the wrong neighborhood.
It's gated behind a $25/mo coinbase one membership. Their card-only $50/yr membership isn't real and probably won't ever be. If you have $30k USDC sitting on coinbase all the time and make $100k+ monthly trade volume on the platform then the CBOne membership pays for itself. Otherwise, meh. An extra 2% back vs a citi doublecash is like $6-800 annually for me, which if I have to pay $250 to unlock it is whatever. The card looks cool but it outs you as a crypto nerd which can be dangerous if you show it off in the wrong neighborhood.
Anonymous
ID: Mfz3dz3r
7/11/2025, 6:17:00 PM No.60610696
>>60609055 (OP)
These crypto credit cards kind of suck balls because you end up with thousands of cost basis lines to keep track of.
You may not have to pay taxes on what you receive (cashback is considered a rebate) but you do have to pay taxes on your profit. So that 5% back from a purchase (like $0.50 worth of BTC) has a price that you received it at that you have to consider when you sell it down the line.
Maybe they'll fix the tax laws sometime soon so they aren't so retarded, but as it stands the crypto credit cards simply aren't really worth the effort. You're better off just getting a regular cashback card and then just putting those cashback rewards into crypto periodically.
These crypto credit cards kind of suck balls because you end up with thousands of cost basis lines to keep track of.
You may not have to pay taxes on what you receive (cashback is considered a rebate) but you do have to pay taxes on your profit. So that 5% back from a purchase (like $0.50 worth of BTC) has a price that you received it at that you have to consider when you sell it down the line.
Maybe they'll fix the tax laws sometime soon so they aren't so retarded, but as it stands the crypto credit cards simply aren't really worth the effort. You're better off just getting a regular cashback card and then just putting those cashback rewards into crypto periodically.