I never had the card because of the relative high amount of staking requirements which did not match with my risk profile. However, I found the card itself a very good idea really matching crypto to a daily use. Well let’s see if it does survive. Has someone experience with the Binance credit card or something else which is crypto based?
The “fun” thing about this is, that we will see the price fall even more in exactly 28 days. It takes 28 days to unbond from staking directly on the blockchain and many will then sell their CRO. Plus you could say the same during the next 180 days for the credit card stake.
But still, I wouldn’t call it a scam. It’s a risk that was clear from the beginning.
Following telegram people selling batches of 100k, 250k and 400k CRO 
My initial bet is now worth half. almost 2k lost and I’ll probably stay “invested” until it bankrupts.
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My bet is worth 1200 and i can unstake in 3 weeks.
Still not sure what to do. Assuming it drops significantly in the next weeks (unstaking from defi app is round 30d), probably keeping the stake to get netflix and spotify is still a good deal.
The card itself is still valuable without staking to dump cypto (sells, rewards from other platforms) in daily usage and you can still use the free lounge…
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I was tempted to get one for my GF just for the lounge, but the price in 6months could be near 0. 
Maybe it’s possible to get the Jade Green and unstake after 1 week? With penalties maybe?
I have approx. 3.5k at risk. 2.5k unstaked in my wallet. The changes they introduce are i) too heavy and ii) could come along with longer notice period / cool off period. This is shocking to CRO investors.
Intresting take from the official telegram group (total rant mode btw)
„ its obvious they are stopping the staking rewards because the SCC have already shut down the rewards on Blockfi, Celsius and they have probably gone to cryptocom too next will be Gemini and voyager so thats predictable that said CRO is 8.3 billon project with a growing ecosystem and its not like the card a stopped other perks (Netflix, Spotify) and so on. Selling CRO now is just crazy have dip targets and accumulate. When not so great times come new opportunities will arise.“
I thought they justify staking rewards like investing.
They are expecting a big influx of new user with the coming soccer world cup and the massive marketing they have bought for it. So they have to be sure to don’t go bankrupt on their model before it happends rather than later. We’ll see how it goes…
At the end this staking and cashback is just a very expensive marketing campaign.
As everything in crypto (and other markets), with a big sell of like this, you can be sure whales are accumulating and will make another pump to make money, as usual. I guess not selling at a loss yet is the play I would do.
I was early enough and already took profit to negate my risk, so still a good investment on my side, even if everything goes to 0…
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Have they?
Celsius is still issuing rewards afaik.
It could also only be a good way to unload their token to retail. Retail is forced to buy from Crypto.com to get the card, and some more (you pay netflix in USD/Euros and they refund you CRO - basically buying CRO with extra steps).
10 years ago I would have totally agree with you. Today, I have more doubt. The attention span of customer have become so small that basically anyone can get away with anything in a 6 months span, as nobody have a recollection of the scandal from the past months, or even weeks…
As well, to keep in mind that if you understand crypto and investment, you are a minority. Mainstream still don’t know what the f** crypto.com is, what crypto really is, and that no, it’s not too late to buy Bitcoin because you don’t need 40k to buy one… So yes, the community is at choc and they have backslash, but I would not count them totally out yet. They might be, but everything is still so volatile those days imo…
Edit: the idea of staking as a marketing campaign (for everyone, not only CDC) if you don’t really create yield with your product is nicely put by the CEO of Clesius : https://youtu.be/22X1ivIz6bo
it looks like they will raise the APR for staking, but keep the cashback rewards lowered.
I don’t think its gonna end well.
Do you have a Source?
apparently some dude made a tweet:
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staking, but not cashback rate at this moment… and the monthly cap is ridiculous. It was fun while it lasted, now keep hodl, the Cronos ecosystem still is promising.
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I will not sell my stake, which is worth 1300 now, to still get
- 100% Spotify & Netflix
- 4% Staking
- Lounge Access
- Free ATM Withdrawal 800 a month
- 1.5% Cashback to be used in EUR-zone. (will go back to classical CC with 0.5% cashback for CHF)
CRO ecosystem ist still good imo. What is your plan?
I’d love to get the lounge access for my GF, but I don’t want to risk another 3.5kchf for that and they don’t offer it for the cheaper card.
For the rest I will hold as well. Netflix for 30cts/month is a good offer (That’s what I “lose” when I get the CRO back and exchange it to EUR).