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- >Shakepay Visa Card Review
Shakepay Visa Card Pros & Cons
Pros
2% cashback on first $5,000 in purchases
Connect with Apple Pay and Google Pay
Earn up to 4% cashback rewards by referring friends
Connects directly to your Shakepay account
User friendly and top customer support
Cons
Only 1% offered as the base cashback rewards rate
Rewards only available in bitcoin
Only available in Canada
Physical cards not yet available
Shakepay exchange only supports bitcoin and ether
What is the Shakepay Visa Card?
The Shakepay Visa card is the crypto debit card associated with the Canadian Shakepay crypto exchange, which operates in a brokerage format. They are pretty similar to the Coinbase exchange, for those familiar with this platform.
With this crypto debit card, users can shop anywhere Visa is accepted online. Additionally, the card can be integrated into Apple Pay and Google Pay. Shakepay users can sign up for a card in a matter of minutes, and bitcoin-denominated rewards can be earned on all purchases.
What are the Benefits of the Shakepay Visa Card?
The main benefit of the Shakepay Visa card is the cashback rewards. While the base reward rate is only 1%, this rises to 2% for the first $5,000 in purchases. Additionally, there are often bonus rates for users, such as earning up to 4% cashback rewards for referring friends to the crypto debit card program, which is one of the most attractive rates on the market.
The other main benefit of the card is that it comes with the same high degree of usability and quality customer support that defines the base Shakepay platform.
Potential Shakepay Visa Card Dealbreakers
Our Shakepay Visa review wouldn’t be complete without mentioning potential dealbreakers.
First of all, the cashback rewards program is a bit lower than some of the other major crypto debit cards on the market. While there are opportunities for bonuses, these amount to the base cashback rate available with other cards.
Another possible dealbreaker is that the card is only available to Canadians, which is severely limiting.
One final factor is that the Shakepay platform only supports bitcoin and ether, and the cashback rewards associated with the crypto debit card are only available in bitcoin.
Is the Shakepay Visa Card Right for Me?
The reason there are so many different crypto debit cards on the market is that companies create very specific products for different types of users.
While there are a number of potential dealbreakers with this crypto card, it will still be the right fit for those wanting an easy-to-use option with quality customer support. It should also be noted that the card’s cashback rewards do not necessitate the use of an alternative, proprietary token, which is often a requirement with other cards.
Shakepay Visa Review: Frequently Asked Questions
The Shakepay Visa card was released in October 2021 to a limited number of early access customers, though now it is widely available for Canadians.
Currently, the fees are for users who wish to convert their bitcoin or ether into Canadian dollars in order to fund the card. The current fee for this activity is 1.43%.
Yes. You can top-up the Shakepay Visa by loading your Shakepay account by using Interac.
