👋 Hi finance enthusiasts and fellow investors!
Today I want to try something new: Reviewing a product I personally use.
Before diving into the review, let's set the record straight: this is not a sponsored article. What you're about to read is a genuine review of the Plutus Visa Card, based on over a year of personal usage. No bells and whistles, just real experience and honest feedback.
What are cashback cards?
Cashback cards are a type of financial tool that rewards users with a percentage of their spending back, usually in the form of cash or points. These rewards can be accumulated and redeemed, making them a popular choice for those looking to get more value from their everyday purchases.
A popular example is American Express (AMEX), which offers its users a variety of cashback options.
What Makes the Plutus Card Stand Out?
In the competitive world of cashback cards, the Plutus has already established itself as a significant player. Initially founded in 2015, the company has successfully navigated through multiple bear markets, demonstrating its resilience and staying power in the financial sector. With the evolving scene of crypto cards, like those offered by Crypto.com, finding a reliable alternative is key. Here's where the Plutus Card shines. It’s not just a payment tool; it's a smart way to optimize your spending with rewarding cashbacks.
Getting Your Plutus Card - A Simple Process
Signing up for a Plutus card is straightforward and cost-free. The standard card comes with no hidden fees, and the delivery is complimentary.
Cashback That Truly Matters
Picture this: earning €3 (up to 8€ possible!) back for every €100 spent at your local grocery store. With Plutus's standard 3% cashback rate, your regular purchases turn into rewards. This cashback, paid in Pluton ($PLU) after 45 days, can be easily converted into various currencies on Exchanges like Coinbase or KuCoin. As a Plutus user, I've found that understanding the nuances of a crypto cashback card is crucial.
My experience? Over just a bit more than a year, I accrued over 3,000 USD in cashback! I also staked 1,000 PLU, to increase my rewards. More on that later.
Extra Perks for Extra Savings
Beyond regular cashbacks, Plutus offers additional perks like 100% cashback on many subscriptions & products, depending on your subscription level and staking.
Choose Your Plan
Plutus offers three subscription plans:
Starter: Ideal for minimal spenders. It’s free and you have nothing to loose. You are limited to 3% on up to €250/mo spend & 1 perk.
Everyday: Perfect for regular users.
€4.99 per month for 3% on up to €2,000/mo spend & 2 perks.Premium: For the maximum benefits.
€14.99 per month for 3% on up to €22,500/mo spend & 3 perks.
Your choice should align with your spending habits to maximize annual cashbacks. You can use the calculator I build to try it out: Plutus Reward Calculator.
Supercharging Your Rewards with Plutus Staking
By staking PLU, you can enhance your cashback rate. However, it's important to remember that staking exposes you to market fluctuations. Given the current market trends, I believe now is an opportune time to get started.
Additional Benefits for Stacking PLU:
Hero: 250 PLU for 4% Rewards and 4 Perks
Veteran: 500 PLU for 5% Rewards and 5 Perks
Legend: 1,000 PLU for 6% Rewards and 6 Perks (I have this level)
G.O.A.T: 2,000 PLU for 8% Rewards and 8 Perks
I use the Premium with the Legend staking level to get the most out of my investment. Over the last year, this resulted in over 3,000 USD profit 💰
Support the Blog and Get Started
In my opinion, a crypto cashback card definitely makes sense and can bring you extra money, especially during the bull market.
Signing up for a Plutus account supports my newsletter and gets you a 10€/£ welcome gift in PLU.
Also, use my custom-built calculator to see if which Plutus subscription / staking level is right for you.
Thank you for your support! Don’t forget to like & share for more valuable insights. Share your thoughts about the Plutus Card in the comments below.
Cheers to smarter spending and rewarding cashbacks!
Stefan
Co-Founder of CryptoExplorer
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