Here's my review of @coca_card ๐ณ:
โ โ โ โ โ A few quirks, but lots of potential
โ Generous fee structure. ~0.6% spread when USDC -> local currency, and 0% when you spend in USD.
โ 0% Transaction Fees, 0% Load Fee
โ Cashback is 1% on the Free Tier, you can max it at โฌ300 per month (based on spend limit).
If you stake some $COCA, you can get up to 8% cashback with max potential of โฌ1,000 per month. That's lots more than other crypto cards offer.
โ Self-custodial card via Privy, nice
โ Free ATM withdrawals of up to โฌ250 per month
โ Card is issued by @wirexapp, it's on a GBP-denominated BIN. This is a bit of an additional jump when you spend in local currency like AED, BRL etc.
USDC -> USD spend is 1:1 for you
EURC -> EUR spend is also 1:1 for you
but USDC -> AED (BRL, TRY etc) will go via GBP.
so USDC -> GBP -> local currency.
โ ๏ธ TLDR: Even though fx fee is 0%, you will pay ~0.6% spread to exchange USDC to local currency.
โ30,000 EUR monthly spend limit is good enough for small users, but will never be enough for crypto traders, freelancers, etc.
โ I rated support at 8.4/10, but while they reply to emails quite fast (~2-3h), they would sometimes ignore my follow ups, and feel a bit .. hm.. inefficient. I wish there would be a chatbot with AI that draws from the knowledge base and then redirects to a human. Oh, knowledge base is a bit outdated too.
Overall - nice card, supports a few countries that needs this solution the most: ๐บ๐ฆ Ukraine, ๐น๐ท Turkey, ๐ณ๐ฌ Nigeria, ๐ป๐ณ Vietnam, ๐ฎ๐ฑ Israel. (Total 75 countries)
Anything you would add?
TRUMP: IRAN CHOKED BY U.S. BLOCKADE
Trump claims the U.S. naval blockade of Iran is the most effective in history, calling it a โsteel wallโ that allows nothing through without U.S. approval. He says Iranโs economy has been crippled, with the country unable to fund its military or pay its bills, pushing it toward becoming a failed state. He also notes that some oil exports are still leaving the country.
Married, 2 kids, small house. Nothing flashy. Just free. 1% with my accounts is 10x the local minimum wage. I just wait for my kid to come home. This is what freedom looks like. No lambo needed