I wonder if any here can offer me a suggestion for a new card.
I have been using Spectrocoin's plastic card for a few weeks. To me it has been a good card because
Pros
- no BTC deposit fee to Spectrocoin account
- no FIAT transfer fee (from Spectrocoin account to MyChoice Prepaid Visa Card account)
- Instant FIAT transfer from Spectrocoin to MyChoice card
- Spectrocoin customer service has been very good and issued me free virtual AND plastic cards!
- MyChoice android app shows me how much money I have on my card
However I am looking at new options because to me there is one big CON, Spectrocoin sells my bitcoin ~2.5% below the going market price! Obviously I know Spectrocoin needs to make money somewhere but I think 2.5% is too high. And because I spend Canadian dollar a lot of the time, the Visa 3% conversion fee means that I am losing about 5% of my coin value!
Does anyone have a suggestion for a card that either has lower foreign currency charges (for when I spend Canadian Dollar), or for a card that will offer me more $/BTC? I am open to buying a pricey plastic card if it means getting better rates for the next few years!
Thanks BTCTalk!
I was looked for exactly same solution - card with very low fee for sell btc and minimal visa/mastercard conversion fee.
Unfortunately the best option for today that I have it's a coinsbank with general named card.
They have something like 0.5% fee for btc/fiat. But Mastercard 3% conversion fee is still there, as well in other services.
Also coinsbank provide expensive(100$) 'white' card where conversion fee is only 2.5%.
But comparing to the general plastic card with price of 25$ you need to withdraw at least 20,000$ just for compensate high price of white card,
before start save some coins on this reduced exchange fee rate.