Cardlytics Links With Crypto.com for Rewards Program

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By Sam Boughedda

Investing.com -- Crypto.com announced a partnership with Cardlytics Inc (NASDAQ:CDLX) on Wednesday, which it says will offer more rewards for Visa (NYSE:V) cardholders on its platform.

The cryptocurrency exchange platform said it would offer additional cash-back rewards through its partnership with Cardlytics. This will involve rewards from hundreds of brands and retail partners, including Adidas, Costco, and Shake Shack.

Current U.S. users will be able to access nearby and online offers from the Crypto.com app.

The company said cardholders in the U.S. can earn up to 10% back in bonus rewards, which will be added to their existing rewards from Crypto.com.

"Crypto.com Visa cards offer the most attractive cash-back rewards in the market. Adding Cardlytics-powered rewards on top of it will supercharge benefits for our users," said Crypto.com's SVP and General Manager for North America, Joe Anzures.

Cardlytics shares fell significantly earlier in the day but have regained some of those losses and currently trade 2.29% lower.

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