CoinJar Card Logo
Card Review

CoinJar Card

Thank you for rating!
Go to CoinJar Card

Fees & Limits

Issuance Fee $29.00$2.00 ATM Fee • 1.00% Spend Fee • 0 Monthly Fee • $29.00 Minimum Deposit

Funding Methods

Yes Wire Transfer Yes Debit Card Yes Credit Card No Paypal No Gift Card No Cash

UPDATE 1 January 2021: Please be advised that this card is currently only open to citizens and permanent residents of Australia. We will update this review as soon as that changes.

UPDATE 18 January 2021: We have been informed by CoinJar that they "ran out" of cards last week due to an unprecedented demand in the beginning of the year. Accordingly, it is not possible to order a CoinJar Card at this time. CoinJar hopes to be able to issue new cards in a few months time.

If you want to find a crypto debit card that you can use today, please visit our Crypto Debit Card List to see what options there are. 

A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of CoinJar Card, one of the crypto debit cards out there.

CoinJar Card supports 17 different cryptos and will most likely support even more cryptos in the future. With respect to fiat currencies, CoinJar Card supports AUD.

The CoinJar company states that this card “seamlessly connects to the CoinJar companion app available on iOS, Android, and web”.

According to information on CoinJar Card's website, it is fairly easy to get the card (provided that you are an Australian). First, you create a CoinJar account and verify your identity. Then, you order the card, which will arrive within 15-20 business days. After that, you top up the card with the cryptocurrency you hold in your CoinJar Account and you are ready to use the card wherever EFTPOS (see below under EFTPOS) is accepted in Australia.

This card is an EFTPOS-card. EFTPOS stands for Electronic Funds Transfer at Point of Sale and denotes an electronic payment system. It comes from USA and initially rolled out in 1982. See more about EFTPOS here. EFTPOS-cards can be used essentially everywhere and doesn’t limit the card holder in any substantial manner compared to holding a Visa-card or MasterCard.

US-investors may not use this card, as the card is only open to citizens and permanent residents of Australia. So if you’re from outside Australia and you’re looking for a crypto debit card, please refer to our Crypto Debit Card List to find one for you.

The following is the only picture of the card that we have managed to obtain:

CoinJar Card Picture of Card

We think that CoinJar Card charges competitive fees.

There is no monthly fee at all. This is a competitive edge for this card.

There is an issuance fee set to USD 29, which is a bit above industry average.

ATM-usage results in a fixed fee of USD 2.00, per withdrawal. This is not a high fee, even if there are cards not charging any ATM-withdrawal fees at all.

Furthermore, the most important fee of them all, the commission on spending. CoinJar Card sets you back 1.00%. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 101. 1.00% is not in any way above industry average.

CoinJar Swipe Fees

Finally, the maximum deposit is USD 999 (and the minimum deposit is USD 29). You can never have a higher balance on the card than USD 999. If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our crypto debit card list to find another card for you.

CoinJar Swipe Limits Updated

The card from CoinJar also offers something very interesting: a cashback feature. What is a cashback feature? Well, it's actually quite simple, every time you use the card, a fixed amount gets transferred back to you. It more common that it is a percentage of the spent amount that you get back, but CoinJar Swipe has a fixed amount for each transaction, regardless of the size of the amount of the transaction. Such amount is 5 CoinJar Reward Points. As the CoinJar Reward Points are only spendable in the CoinJar Rewards Store, we have to see what they are worth there to establish the value of CoinJar's cashback program. For instance, you can buy a AUD 25 gift card on Uber, for 2,500 CoinJar Reward Points. This makes each CoinJar Reward Point worth roughly AUD 0.01 and each fixed cashback worth roughly AUD 0.01. Out of all the cards in the industry we have reviewed that have cashback-functions, this is the absolutely lowest cashback-level that we have come across. But hey, it's better than nothing!

CoinJar Cashback

Finally, if this is the card for you, congrats. Sign up for it here.

If not, you can also check out one of the other cards in our crypto debit card list. Good luck!