Up to €100 cashback with the OKX card – How to claim it?

OKX has raised its crypto card's monthly cashback limit from €10 to €50. Throughout September, users at the Regular fee tier can even boost it to €100 by signing up via the app. We break down the offer and the tax implications you need to know before spending crypto. The article 'Up to €100 cashback with the OKX card – How to claim it?' first appeared on Cryptoast.

The exchange platform OKX is stepping up its customer loyalty strategy by announcing an increase in the spending limits for its crypto-backed debit card. Previously capped at 10 euros per month, the maximum monthly cashback is now raised to 50 euros for standard users. As part of an exclusive promotional offer running throughout September, "Regular" tier clients can even claim up to 100 euros in cumulative rewards, provided they register via the mobile app interface.

This reward mechanism, which leverages everyday spending via stablecoins, offers cashback rates ranging from 2% to 5% depending on the user's VIP status. In addition to the standard cashback cap, the issuer maintains targeted perks, notably a 50% partial rebate on selected digital subscriptions such as Netflix or various artificial intelligence tools. An option called Pay Boost completes the offering by allowing funds held on the card to generate a 3.5% annual yield, thereby optimizing the profitability of idle assets.

Beyond the commercial appeal, using a crypto card for daily transactions raises significant tax implications, particularly for French residents. Every transaction made with digital assets is legally classified as a taxable disposal. If a capital gain is realized at the time of payment, the taxpayer is subject to the single flat-rate levy, or "flat tax," currently set at 31.4%. Although an exemption exists for disposals where the total annual value does not exceed 305 euros, this tax threshold remains relatively tight.

The implementation of these measures marks OKX's clear ambition to establish itself as a key player in decentralized payments. While the cashback offer serves as an effective acquisition tool, it requires users to be increasingly vigilant regarding their accounting. The 305-euro annual limit, calculated based on the total value of sales rather than net profits, necessitates rigorous management to avoid administrative complications, while allowing more cautious users to safely benefit from the perks on everyday micro-transactions.