Plutus – review 2023 + referral bonus 10 USD/EUR

What is Plutus?

Plutus is a new payment card, decentralized crypto exchange and bank account all in one. The card is linked to the crypto token PLU, in which you receive cashbacks for your purchases. You can use the card to pay in stores and online. What is the advantage of this card over other cards?

The first advantage is that you get 3% cashback on all purchases made with this card. The other advantage is that you already get one benefit (Perks) with the free account. You can choose from the following offers:

In the case of Netflix, Spotify Premium, or Apple One, Plutus will refund up to 10 Euros on your subscription. In the case of Spotify, for example, it’s a premium membership for two person.

You can also get more Perks – up to a maximum of 8. There are two options. Either choose the Everyday or Premium paid monthly plan

or you can steak (save) PLU tokens and get up to 8 perks:

Functions of Plutus

• mobile and web banking in EUR
• payment card with free delivery
• 3% – 8% cashback on your card purchases at any store
• Perks (Netflix, Spotify Premium, Apple One for free…)
• decentralized crypto exchange

How do I use my Plutus card?

Personally, I pay EUR 4.99 per month for the Everyday plan. This gives me two benefits (Perks). I use one for Spotify and the other for the Curve Card Black paid version of 9.99 Euros. For both services, Plutus will refund the full amount to my Plutus account. I also get 3% cashback on all my card purchases.

How and why do I set up my Plutus card in Curve?

Those who are unfamiliar with Curve can read my Curve review. Just upgrade your Curve account plan to Curve Black for €9.99 and enter your Plutus card number when ordering your subscription. Just by paying the subscription with your Plutus card, Plutus will know to refund you the €9.99. See the picture below.

And why use the Curve Black paid plan instead of Curve Standard (free plan)? With the Black plan, you get higher monthly exchange limits, unlimited cards in the app, travel insurance and you can choose up to 3 stores where Curve cashback of 1% of the amount paid will be credited to your Curve account when you pay with your Curve card. Personally, I chose Ikea, Tesco and Decathlon where I spend the most money. As a result, I get 1% cashback on my Curve account and 3% on my Plutus account when I shop at Tesco, for example. Which bank in the Czech Republic will give you 4% cashback? I will then use these cashbacks for other purchases. How do I do this? In the Curve app, you add your Plutus card and select it as your payment card. You make purchases in store or online using your Curve Black card. By working with Curve, Plutus knows that you made a purchase through Curve Black, but the payment was charged to your Plutus card. Another reason to primarily use the Curve card is that you get the best EUR to CZK exchange rate. This is because your Plutus card is loaded with EUR and you pay for services or goods in CZK. Curve will therefore use the best interbank exchange rate. Additionally, with Spotify, I had a situation where when I ordered a Premium version, it didn’t want to accept the Plutus card directly, but everything went fine through Curve Black. In fact, Curve has been around for years and more or less all merchants support it.

How does the 3% to 8% cashback work?

Personally, I don’t steak PLU, so I use 3% cashback with any Putus card payment. Just top up the card with EUR and pay in the Czech Republic using the CURVE card, which will convert EUR to CZK at a favourable exchange rate. If you are paying for example a subscription in EUR or in a shop abroad, you can pay directly with the card. You see the cashback in your account the next morning and within 45 days you can withdraw the cashback to the card and use the money for your next payment. This means you can’t use the cashback immediately. It’s obviously a protection if you were to refund the payment and withdraw the cashback in the meantime. A summary of the transactions and cashback then looks like this:

How to send EUR to Plutus card easily and cheaply?

Ideally, you should use your Revolut account and send free EUR to Plutus. If you don’t know what Revolut is, check out my Revolut review. I top up free CZK on Revolut using a regular bank card. I exchange CZK to EUR at the interbank rate at Revolut and send free EUR to my Plutus account. Everything is done within a few minutes, so you don’t have to wait for anything. Or you can use standard SEPA payment. So we have EUR in the Plutus bank account. Now we need to move EUR to the card in the mobile app or on the Plutus website. The credit card is then charged and you can go shopping. The top-up is done in two clicks. It takes a few hours to top up your card, but a maximum of one working day. So you have to take that into account. Ideally, you should top up your Plutus card after payday or at the beginning of the month, for example, with a sufficient amount of EUR according to your monthly budget for spending in shops. Having to top up your card can be a disadvantage (not very flexible), but on the other hand it is a protection in case of misuse or theft of the card that the attacker will only withdraw as much money as you have topped up on the card and won’t get to the EUR you have in your Plutus account.

How can you get the card for free + referral bonus 10 USD/EUR?

It’s easy. Just apply for the card through my promo link and wait about 1-2 weeks for your card to arrive. When you sign up, you’ll need your ID card, which you’ll need to scan over the phone to the bank – called KYC verification, which is a common thing in today’s online world. To complete the registration, you need to top up the card with EUR 20. It’s a good idea to have a Revolut account or other account where you have EUR already. You won’t lose the EUR 20, of course. You can use it for any Plutus card payment. Thanks to my promo link, you will get an extra 10 USD, or the equivalent in EUR, which Plutus will add to your Plutus account in a few days and you can transfer to your Plutus card and spend it on goods or services.