Club Swan Mastercard Review: Why It’s No Longer Around

A Quick Overview of the Club Swan Mastercard

Club Swan launched a Mastercard to provide users with a single service to manage their finances. The platform allowed users to manage traditional finance along with their digital currencies like Bitcoin, Ethereum, and Litecoin.

Signing up to use the Mastercard included access to a lifestyle concierge service that assists users in making travel and other arrangements. It offered users up to 40% savings on luxury travel, hotels, and flights. This is in addition to benefitting from a lucrative rewards program.

What Led to the End of the Club Swan Mastercard?

Customers were promised a bespoke experience. However, complaints emerged about high fees, unreliable services, and card functionality issues.

These functionality issues were key, as they meant users weren’t always able to use their cards on online payment platforms and at ATMs.

Challenges for customers were compounded by a lack of official communication from the company.

In 2023, the company that operated the Club Swan Mastercard was acquired by MELD, a digital asset firm specializing in decentralized lending and borrowing. This acquisition meant that the company, including the services they offer, is no longer available to users.

This left the users of the platform searching for a viable crypto card provider, but don’t worry—we can recommend a great alternative.

Maximize rewards with your Crypto.com Visa card today!

The Visa card is a great option if you want to spend money and earn crypto. These rewards are credited instantly, meaning users don’t have to wait on billing cycle payments.

Hundreds of cryptocurrencies are supported, and the card is functional everywhere Visa cards are accepted. This makes it ideal for everyday spending.

The platform features a tiered rewards system. While the basic tier is free, higher cashback rates and benefits require either a “Level Up” subscription or staking/locking up the native CRO token.

The premier Prime offering provides the top rewards, including up to 8% in CRO on daily spending and up to 15% on travel. Prime members also receive premium perks such as a private account manager, airport lounge access, streaming rebates, and priority support.

Users must complete standard KYC verification. Security is robust, and the exchange utilizes two-factor authentication, withdrawal whitelists, and real-time spending notifications.

They hold DCO (U.S.) and MiCA (EU) licenses, which are complemented with industry-leading security practices, including 100% cold storage and independently verified Proof of Reserves.

Following a security breach in 2022 that compromised 483 customer accounts, the exchange swiftly contained the hack, fully reimbursed all affected customers, and fundamentally strengthened its security mechanisms. The crypto community widely commended the company’s decisive response.

The card is also available in multiple regions, including the U.S., Europe, and Asia-Pacific.

Final Thoughts: Is Crypto.com worth It?

Club Swan aimed to provide a unique and bespoke service to its clients. However, the service is no longer active.

Fortunately, the Crypto.com card offers similar benefits and an extensive range of features. Apply now to get your card and start earning crypto rewards on everyday spending.