Crypto credit card or prepaid card: what is the difference
In short
A credit card gives you a limit to spend now and pay back later. A prepaid card, which is what most crypto cards are, only lets you spend what you have loaded onto it. The Ashbet card is a prepaid card: you load your winnings onto it and spend them.
Credit card and prepaid card
With a credit card the bank gives you a limit, and you owe the bank. With a prepaid card there is no debt: you load an amount and can only spend up to it. That is why the term crypto credit card is often misleading. In practice it is usually a prepaid or debit card linked to crypto.
How it works with crypto
With many crypto cards, the balance is loaded in crypto and converted to regular currency when you pay or top up. There may be conversion fees, and the exchange rate is set at the moment of the transaction.
The Ashbet prepaid card
At Ashbet you can withdraw your winnings straight to the Ashbet prepaid card and pay with it in shops and online, at home and abroad, subject to the card terms. If you prefer a wallet, you can withdraw in crypto instead.
What to check before you order a card
Before you apply for a crypto card, check:
- Load, conversion and cash machine fees.
- Daily and monthly limits.
- Which countries you can order and use it in.
- Who issues the card and what its terms are.
Frequently asked questions
What is a crypto credit card?
Usually a prepaid card linked to crypto: you load an amount and spend up to that amount, with no credit limit.
What is the difference between a credit card and a prepaid card?
A credit card has a limit and a debt to the bank. A prepaid card only spends what you have loaded.
Where can I use the Ashbet prepaid card?
In shops and online, at home and abroad, wherever the card is accepted, subject to the card terms.
Can I withdraw in crypto instead?
Yes. You can always choose to send your winnings to your own crypto wallet.
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These guides are general information, not financial or legal advice. Gambling is for adults aged 21 and over only, subject to the law and availability where you live. Please gamble responsibly.