The CoinJar Card: Spend Crypto and Earn Rewards

Picture yourself at the coffee shop, with friends or colleagues, and it is time to pay. Instead of pulling out a traditional bank card, you tap your CoinJar Card and pay using cryptocurrency. You can explain to your crowd that you just paid with digital assets. It’s a decent flex. Many people still think crypto only lives in a digital wallet, but everyday spending is starting to look very different.

The CoinJar Card helps you bring your crypto into the real world. It turns your digital assets into practical spending power, while you collect rewards along the way.

What is the CoinJar Card?

Cryptocurrency no longer has to stay on a screen or in a chart. The CoinJar Card is a prepaid Mastercard that lets you spend your cryptocurrency much like you spend regular money.

Because it is a prepaid debit card, not a credit card, you are using your own funds. You can only spend what is available in your account, which means no interest charges and no surprise credit bills.

As you spend, you also earn reward points. You can swap these points for more cryptocurrency or for external rewards (if you are an Australian resident), so your day-to-day spending can help grow your digital asset stack.

For security purposes, the physical CoinJar Card must be activated by inserting it into a payment terminal or ATM and entering the assigned PIN before contactless payments can be enabled.

Key features

• Works globally wherever Mastercard is accepted.
• No monthly or annual account keeping fees.
• Use it for online shopping, in-store purchases, and ATM cash withdrawals.
• Connects directly with Apple Pay and Google Pay.

How it works in practice

You might wonder how a shop gets paid in local currency if you are spending crypto. The CoinJar Card quietly handles that for you.

When you tap your phone or insert your card at the supermarket, CoinJar converts the required amount of cryptocurrency into fiat currency on the spot. The merchant receives their usual local currency. The matching value is deducted from your crypto balance.

In store, you can pay using contactless via your smartphone, or use your physical card. For online purchases, your digital card details are available in the CoinJar app, so you can copy the card number, expiry date, and CVC straight into the checkout fields.

You can also use the physical card at ATMs around the world to withdraw cash that is backed by your crypto balances.

Getting started with your card

You can set up your crypto-powered card in just a few steps inside the CoinJar app.

• Scroll down the homescreen on the app until you get to the “Do More with CoinJar” section and choose “CoinJar Card.”
• Confirm your personal details and delivery address if you want a physical card.
• Activate your digital card instantly.

Once your digital card is active, you can start using it right away. After ordering, the Card tab appears in the app for easy access to manage your card.

Adding your card to a digital wallet

You do not have to wait for a plastic card to arrive before you can spend. You can add your digital card to your mobile wallet straight after activation.

For Apple Pay:

• Choose the option to manage your card and add it to Apple Wallet.
• Follow the prompts and complete any identity checks.

For Google Pay:

• Choose the option to manage your card and add it to Google Pay.
• Accept the terms and complete the verification steps.

Once added, you can tap to pay anywhere Apple Pay or Google Pay is accepted.

Understanding fees and limits

Clear pricing helps you stay in control of your digital assets. Issuing both the digital and physical cards is free, and there are no monthly or annual account keeping fees.

Everyday purchases have a standard 1% fee, which you get back in reward points. These points can be redeemed for crypto, gift cards or trading fees.

As an example, if you spend $100 dollars, you get charged $1 in fees and you get back that $1 in reward points. In many cases, the rewards you earn help offset some of this cost. When you spend overseas or in a foreign currency, a foreign transaction fee of 2.99% applies.

ATM withdrawals incur a 1% fee, plus any fee that the ATM operator may charge. (It’s a $20 minimum withdrawal). These extra operator charges vary, especially when you are overseas. There are no monthly or annual account keeping fees, and no activation fee.

To help protect your account, standard usage limits apply. In most cases:

• You can make up to 25 transactions per day.
• Your maximum daily spend limit is $5,000.
• You can make up to 5 ATM withdrawals per day.
• Your maximum daily ATM withdrawal limit is $1,000.

Always check the CoinJar website or app for the latest fees and limits, as these may change over time.

Earning and redeeming rewards

The rewards program is designed to give you something back for using CoinJar regularly. You earn points by spending with your card, trading crypto in your account, and referring friends.

You can currently earn:

• 1 point for every $1 spent using your CoinJar Card.
• 1 point for every $10 transacted when you buy or sell crypto in your CoinJar account.
• 500 points for every friend you refer who completes verification.

Once you have built up a decent balance, you can head to the Rewards Store. There, you can convert points into a range of cryptocurrencies, including Bitcoin, Ethereum, Solana, and selected meme tokens.

If you prefer something more traditional, you can redeem points for digital gift cards from brands such as Amazon, JB Hi-Fi, and Bunnings. You can also use points to help cover certain external withdrawal fees.

How to stay safe

Using crypto in the real world works best when you have good security habits.

Your physical card is covered by Mastercard's Zero Liability Protection Policy, so you are generally protected against unauthorised transactions if your card is lost or stolen. You still need to act quickly and responsibly to keep your funds safe.

Keep a few simple rules in mind:

• Never share your PIN and do not store it where someone else could find it.
• Protect your phone with a strong passcode or biometric lock if you use Apple Pay or Google Pay.
• Watch out for phishing attempts. Genuine support staff will not ask for your PIN, password, or full card details.
• Keep your CoinJar app updated so you always have the latest security and feature updates.

There are also tax considerations to think about. In many places, including Australia, using cryptocurrency to buy goods or services can be treated as disposing of an asset. This may create a taxable event.

Make sure you keep good records of your transactions. Speak with a registered tax agent or financial adviser in your local area if you are unsure how your crypto spending affects your personal tax position.

CoinJar Card

The CoinJar Card gives you a practical way to connect your cryptocurrency holdings with your day-to-day spending. It converts your digital assets into local currency at the time of purchase, so you can pay for anything from a quick coffee to a long-haul flight.

With support for Apple Pay and Google Pay, no monthly fees, and a flexible rewards program, the card offers an accessible way to spend crypto in everyday life. Used thoughtfully, it can help you get more value and utility from the digital assets you already hold.

CoinJar Card is a prepaid Mastercard issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Google Pay is a trademark of Google LLC. Apple Pay is a trademark of Apple Inc.