ClubSwan Crypto Review – How Legit Is It?

ClubSwan Crypto Review – How Legit Is It?
8.5
ClubSwan Crypto Review – How Legit Is It?
ClubSwan Crypto Review – How Legit Is It?
High limits on their crypto card
24/7 concierge
High cashback rewards
Multiple fiat currencies
Available worldwide

They say crypto will make a whole new bandwagon of millionaires. They will be rich, sovereign, free-thinking individuals with high demands. Guys from the ClubSwan figured that out very early and launched a high-end service to cater to these individuals. Even though their crypto card is most known in the broader crypto space, ClubSwan offers many more interesting services. But let’s start from the beginning.

Among other things, Club Swan also offers cards. Three versions of them to be precise. Users will receive a different card and benefits based on the tier they find themselves in. With them you can spend FIAT and crypto all around the world and online. 

Club Swan is a subscription-based lifestyle manager and crypto service provider. It offers cards, travel discounts, and even the ability to buy or sell cryptocurrencies, 24/7 concierge services, global shopping services, discounted travel and supports crypto wallets.

The platform works all around the world and aims to integrate crypto with the lifestyle niche.

Membership tiers


Club Swan offers the following four membership tiers:

Starter


Joining fee: $129

Monthly subscription: $35.00

  • First month Free
  • Multi-Currency Account
  • $500,000 Account limit
  • USD, EUR, GBP Accounts
  • Club Swan Card
  • $15,000 p/d Club Swan card load limit
  • $1,500 maximum ATM withdrawal per day
  • 3% buy and sell fees for crypto
  • Quick wallet-to-wallet transfers
  • 3.00% bank transfer fee
  • 3.00% Traditional currency exchange fee
  • 24/7 Concierge Team
  • Up to 40% off travel
  • Cash rewards

Premier


$499Joining fee

Monthly subscription: $65.00

  • First month Free
  • Multi-Currency Account
  • $1,000,000 Account limit
  • USD, EUR, GBP, CNY, JPY Accounts
  • Club Swan Card
  • Unlimited card load limit
  • $15,000 p/d Club Swan card load limit
  • 2% buy and sell fees for crypto
  • Quick wallet-to-wallet transfers
  • 2.00% bank transfer fee
  • 2.00% Traditional currency exchange fee
  • Free transfers to other Club Swan members
  • 24/7 Concierge Team
  • Up to 40% off travel
  • Cash rewards

VIP


$1,195Joining fee

Monthly subscription: $95.00

  • First month Free
  • Multi-Currency Account
  • $2,000,000 Account limit
  • USD, EUR, GBP, CNY, JPY Accounts
  • Free expedited DHL card delivery
  • $15,000 p/d Club Swan card load limit
  • $1,500 maximum ATM withdrawal per day
  • 1% buy and sell fees for crypto
  • Quick wallet-to-wallet transfers
  • 1.00% bank transfer fee
  • 1.00% Traditional currency exchange fee
  • Free transfers to other Club Swan members
  • 24/7 Concierge Team
  • Up to 40% off travel
  • Cash rewards

Chairman


 Joining fee: $2,495

Monthly subscription: $125.00

First month Free

  • Multi-Currency Account
  • Unlimited Account limit
  • USD, EUR, GBP, CNY, JPY Accounts
  • Limited edition Stainless steel card
  • Free expedited DHL card delivery
  • $15,000 p/d Club Swan card load limit
  • $1,500 maximum ATM withdrawal per day
  • 0.5% buy and sell fees for crypto
  • Quick wallet-to-wallet transfers
  • 0.5% bank transfer fee
  • 0.5% Traditional currency exchange fee
  • Free transfers to other Club Swan members
  • 24/7 Concierge Team
  • up to 40% off travel
  • Dedicated phone hotline support
  • Higher levels of Cash Rewards

ClubSwan Crypto Card


Among other things, ClubSwan also offers cards. Three versions of them, to be precise. Users will receive different cards and benefits based on the tier they find themselves in. With them, you can spend FIAT and crypto all around the world and online. 

All of them are powered by none other than Mastercard, the most widely accepted card, so it’s accepted by all major payment networks globally.

Supported Crypto


The Club Swan card supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), EOS Token (EOS), Paxos Standard (PAX), Tether (USDT), and USD Coin (USDC).

Supported FIAT


Club Swan supports five traditional currency accounts: USD, GBP, EUR, CNY, and JPY.

Spending Limits


Club Swan is aiming at a very exclusive niche. That’s crystal clear by looking at the subscription fees they charge. And because it’s designed for very wealthy individuals, the Starter version starts at a 500 thousand deposit limit, and the Chairman version a shocking 2 million. 

Fees


As we’ve already seen, Club Swan is not an affordable option. Their subscription prices are astronomical and out of reach for the Average Joe. But are there other fees?

Unfortunately, yes. You would expect additional charges to be low or none with such deluxe cards, but that’s not the case. The Insurance starts at $129, way above the competition. But it gets worse, the withdrawal fee is 2%. So customers are getting milked dry. 

Fortunately, there’s no commission on spending or loading. But that does not justify the horrible fee structure. For more details, check out the chart below, spoiler; it doesn’t get better. 

StarterPremierVIPChairman
Inbound Account Funding Fee0.50%WaivedWaivedWaived
Expedite Payment Fee2.00%1.50%0.50%NA
Foreign Currency Exchange Fee2%
Outbound Payment Fee3.00%2.00%1.00%0.50%
Outbound Foreign Currency Payment Fee, in addition to Outbound Payment Fee3.00%2.00%1.00%0.50%
Wallet to Wallet (W2W) Transfer Fee3.00%2.00%1.00%0.50%
Transfer Currency to Another Club Swan Account 0.20%0%0%0%
SupportChat/EmailChat/EmailChat/EmailHot Line / Chat/Email
Account Investigation Fee$55.00
Administrative Fee$55.00
14-day Cancellation Fee$55.00
Card Account Limit$15,000.00$15,000.00$15,000.00$15,000.00
Card Replacement Fee$60.00$60.00$100.00$250.00
ATM Fee2.00%
ATM daily withdrawal limit€1,500/£1,500/$1,500 
ATM Card Balance Inquiry Fee€1.00/£1.00/$1.00 
Dispute Transaction / Chargeback Fee$40.00$40.00$40.00$40.00
Reactivation Fee$60.00$100.00$150.00$275.00
Remittance Fee2.75%$5.00 $5.00$5.00 

Cashback


Like most competitors, The Club Swan Cards offer cashback for your purchases. So a percentage of what you paid goes back into your account, a sort of instant reward for your spending. Club Swan claims rewards go from 2% to 20%, depending on the item. The problem is they don’t provide any more information. The lack of clarity is a major red flag, particularly when it comes to money. 

Other perks of ClubSwan membership:


24/7 customer support


Get ready for a shock. Support is only available via chat and email for lower tier options other than Chairman, which also has a hotline available.

Lifestyle and travel benefits


ClubSwan aims to integrate its financial and lifestyle management services. The company claims to set up, plan and manage almost any activity the clients need, saving both time and money. Among these are:

  • Personal shopping
  • VIP dining
  • Luxury product procurement
  • Event access
  •  Multi-language assistance
  • Private parties 
  • 24/7 concierge team
  • 40% travel discounts
  • Exotic car rentals
  • Corporate Group Travel Specialist
  • Private yacht and aviation, and
  • Black Car Airport Transfer

Security


Security is a must when it comes to financial services. Club Swan will ask for proof of address and identity before you are given a PIN. In case of theft or loss of your credentials, they will be at your disposal in preventing security breaches. Of course not with a hotline, as that’s only available for Chairman clients. 

The 3D security protocol also protects transactions. 

Financial Service Benefit


With the Club Swan cards, users can make payments all around the world and online. In addition, a 24/7 Global support team is available in multiple languages via live chat if you bump into any problems.

Quick Crypto Liquidation


When paying for something in FIAT with your crypto, it will have to be liquidated. Although this comes with a fee, more details are available in the fee structure section. 

To Conclude


I suspect these kinds of services will start popping out more and more in the crypto world. As we mentioned in the beginning, bitcoin and crypto is in the process of creating a whole new cohort of people with high demands and deep pockets. If you invested early or earned a lot of bitcoins via trading or some other way, the high price of the membership is a peanut for you.

Perks are definitely outweighing the price and having a personal concierge and 24/7 support for you anywhere in the world is definitely a nice touch and something a millionaire would want to have.

ClubSwan

Other crypto cards worth checking out as well include: Blockfi Card, Binance Card, Coinbase Card, Crypto.com Card, Gemini Card, Crypterium Card, SpectroCoin Card, AdvCash Card and many more.

8.5 Total Score
ClubSwan

Features
9
Pricing
7.5
Card Fees
8
Card Limits
9.5
PROS
  • High limits on their crypto card
  • 24/7 concierge
  • High cashback rewards
  • Multiple fiat currencies
  • Available worldwide
CONS
  • Expensive membership fees
intelligent crypto
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Küster

Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

1 Comment
  1. any alternatives?

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