BINANCE VISA CARD: your thoughts / Alternatives

[Naster]

Since July last year (2020), BINANCE launched his VISA CARD in Europe and continues his expansion.

What are your thoughts about this card?

For those who are already using the card, please share your experience with the card. Any limit? can you buy anything online or offline or the card is sometimes being rejected by some vendors? (we saw that in the past with card providers). How about fees charged? Can you spend your coins on the fly?

Really offering 8% cashback as advertised?

What are the (better?) alternatives to BINANCE VISA CARD?



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Please note that I'm not affiliate with BINANCE. It's just a discussion about the topic.

[Distinctin]

I guess that's another great development for Binance, I mean,, it will be easier to use your funds in Binance as you can link that to your visa card, exchanges would definitely love this idea as it will help them increase the adoption of their users.

Honestly, I didn't know they launch this, and I will be glad if they will not only limit this to Europe but instead would be available in countries like in the Asias. We have the Binance Philippines so actively promoting the exchange, hopefully, one day they'll send some cards so as a Binance user it will be easier for me to avail myself.

Imagine travelling abroad just using that Binance VISA card, that would be so convenient.

[Naster]

I guess that's another great development for Binance, I mean,, it will be easier to use your funds in Binance as you can link that to your visa card, exchanges would definitely love this idea as it will help them increase the adoption of their users.

Honestly, I didn't know they launch this, and I will be glad if they will not only limit this to Europe but instead would be available in countries like in the Asias. We have the Binance Philippines so actively promoting the exchange, hopefully, one day they'll send some cards so as a Binance user it will be easier for me to avail myself.

Imagine travelling abroad just using that Binance VISA card, that would be so convenient.

Yes definitely it will push the adoption of crypto.



Seems they started across EEA countries and are planing currently to launch in the US.

The card issuer is Swipe.



I hope we have some users of this Binance card here, so they can share their experience with us.

[NeuroticFish]

What are your thoughts about this card?
Can you spend your coins on the fly?

Really offering 8% cashback as advertised?

1. There are already a number of topics on this matter, I think that best one is: https://bitcointalk.org/index.php?topic=5276231.0
2. Afaik they do give cashback, but you have a huge amount of BNB deposited there for that. So, for normal mortals, the cashback is 0.1% (iirc it's 1% cashback - 0.9% fees); the cashback is there only when you're shopping, the withdrawals don't have cashback
3. The only fee I am aware of is that 0.9%, which, as you can see, is usually covered by the default cashback
4. My experience with the card was written here and on that topic you'll find other users' experience.
5. There are alternatives, but not necessarily better and it depends greatly on where you live. Overall problems are:
* others may have bigger fees than Binance
* it's nice that you can benefit of the integration with Binance exchange
* it allows alos on-the-fly conversion of your crypto when shopping, but at least at first it didn't work that good and may have been also more costly, so exchange and top up with fiat is usually a good idea
* Binance's card is actually issued by Contis Financial Services and it's not well accepted everywhere; but it's by far not the only crypto card getting transactions rejected now and then.


Since I think that asking over and over again the same questions is unproductive, my advice is to continue the discussion in the topic I've linked. Most of OP's questions may already be answered there.

[bosede1]

I would love to get the feedback from those who have used the card, but for me I will love to have the two. Visa card for my immediate local transactions and binance card for online transaction

[DarkDays]

I guess that's another great development for Binance, I mean,, it will be easier to use your funds in Binance as you can link that to your visa card, exchanges would definitely love this idea as it will help them increase the adoption of their users.

I agree, the idea is good and it provides that direct link between crypto and real world utilisation. Binance is a huge player in this field and for them this was a bold, yet smart move.

As for the real use of the card, I've never used it and can't give any feedback on how useful it is but it would be a matter of time until enough people get a taste of it before we hear all the news regarding this feature.

That's if it's all done by the books - hoping it is 

[Distinctin]

I guess that's another great development for Binance, I mean,, it will be easier to use your funds in Binance as you can link that to your visa card, exchanges would definitely love this idea as it will help them increase the adoption of their users.

I agree, the idea is good and it provides that direct link between crypto and real world utilisation. Binance is a huge player in this field and for them this was a bold, yet smart move.

As for the real use of the card, I've never used it and can't give any feedback on how useful it is but it would be a matter of time until enough people get a taste of it before we hear all the news regarding this feature.

That's if it's all done by the books - hoping it is 

I already have an idea on how to use it, probably it's the use as using your debit card to pay for anything, the good thing is you can fund it through your Binance account and probably you can also send money to your Binance account using your card, so that's really convenient looking at the scenario.

I'll keep an eye of this development, maybe next year they'll launch in Asia, then that's another boom to their market.

[Naster]

What are your thoughts about this card?
Can you spend your coins on the fly?

Really offering 8% cashback as advertised?

1. There are already a number of topics on this matter, I think that best one is: https://bitcointalk.org/index.php?topic=5276231.0
2. Afaik they do give cashback, but you have a huge amount of BNB deposited there for that. So, for normal mortals, the cashback is 0.1% (iirc it's 1% cashback - 0.9% fees); the cashback is there only when you're shopping, the withdrawals don't have cashback
3. The only fee I am aware of is that 0.9%, which, as you can see, is usually covered by the default cashback
4. My experience with the card was written here and on that topic you'll find other users' experience.
5. There are alternatives, but not necessarily better and it depends greatly on where you live. Overall problems are:
* others may have bigger fees than Binance
* it's nice that you can benefit of the integration with Binance exchange
* it allows alos on-the-fly conversion of your crypto when shopping, but at least at first it didn't work that good and may have been also more costly, so exchange and top up with fiat is usually a good idea
* Binance's card is actually issued by Contis Financial Services and it's not well accepted everywhere; but it's by far not the only crypto card getting transactions rejected now and then.


Since I think that asking over and over again the same questions is unproductive, my advice is to continue the discussion in the topic I've linked. Most of OP's questions may already be answered there.

Thanks for the advice.

Guys please continue the discussion here as recommended:

https://bitcointalk.org/index.php?topic=5276231.0



So I'm closing this topic now.