Crypto.com is advertising a higher yield rate for its Visa credit card than it actually offers, potentially misleading consumers.

Recently, Crypto.com notified cardholders that beginning on May 1, customers would earn reward points at a reduced rate.

However, in their advertising materials, particularly on Reddit, but also on their website, Crypto.com continues to advertise the 8% rewards figure. Customers may have claims for false advertising.

Crypto.com’s terms of service includes a mandatory arbitration clause and a class action waiver.

Staples settled a similar lawsuit in 2018 over claims that they did not follow through on rewards that they promised to customers.

Have you been affected?

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Sources

https://www.reddit.com/r/CryptoCurrency/comments/uhojgd/cryptocom_is_still_advertising_with_8_cashback/

https://www.reddit.com/r/CryptoCurrency/comments/uhojgd/comment/i77byll/?utm_source=share&utm_medium=web2x&context=3

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The Hyundai Tucson’s doors are becoming stuck and impossible to open from either side, potentially trapping people in the vehicles in dangerous situations.

Mazda’s CX-9 has a defective engine block, leading to leakage from the engine and requiring replacement of the entire engine.

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StockX has been deceptively selling customers inauthentic merchandise and refusing to process refunds or returns regarding the inauthentic goods.

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