Description
The Ledger CL Card is a Visa crypto debit card designed for Ledger users and powered by Baanx. It enables you to spend your cryptocurrency directly at millions of merchants worldwide, both online and in-store, while earning rewards on every purchase.
Key Features:
- 1% Crypto Cashback — Earn rewards in BTC, USDC, or USDT on every purchase. No staking required.
- Top Up with Crypto — Fund your card with BTC, ETH, SOL, stablecoins, and more directly from your Ledger Wallet.
- Global Acceptance — Use your card anywhere Visa is accepted, both online and at physical stores.
- Mobile Wallet Integration — Add your CL Card to Apple Pay and Google Pay for contactless tap-and-pay.
- ATM Access — Withdraw local currency from ATMs worldwide.
- Free Virtual Card — Get started instantly with a free virtual card.
Availability: The CL Card is currently available in the EEA, UK, US, Canada, Switzerland, Colombia, Mexico, and Brazil.
How It Works: Get a Ledger signer and install the Ledger Wallet app. Go to the Card section and choose the CL Card option. Fund your card with crypto and start spending anywhere Visa is accepted.
Highlights
Pros
- Offers up to €4,500 monthly cashback cap at entry level (1% in BTC/USDT or 2% in BXX), vastly exceeding the industry average of roughly €30.
- Generous daily spending limit of €15,000 and daily ATM withdrawal limit of €2,000.
- Converts crypto to fiat automatically at the point of sale, removing the need for manual pre-conversion or pre-loading.
- Charges no monthly maintenance or inactivity fees, and no staking is required to earn cashback rewards.
- Seamlessly integrates with Ledger Live and Ledger hardware wallets, enabling direct card top-ups from self-custodial wallets without using third-party exchanges.
- Supports Apple Pay and Google Pay and is accepted at over 90 million merchants worldwide through Mastercard.
Cons
- Crypto-to-fiat conversion cost is approximately 2.25% (2% conversion fee plus ~0.25% spread), higher than many competing crypto debit cards.
- Card management requires a separate Baanx app rather than being fully handled within the Ledger Live interface.
- No free ATM withdrawals — each cash withdrawal costs €3 plus 1.5% of the withdrawn amount.
- Funds transferred onto the card become custodial and leave the security of the user's self-custodial Ledger hardware wallet.
- Only available to residents of the EEA and UK, excluding users from the US, Canada, and most other regions.
- Only supports eight cryptocurrencies (BTC, ETH, USDT, USDC, XRP, LTC, BCH, EURT), limiting spending flexibility versus broader multi-asset cards.