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Plus 4% rewards on a no-fee card? Pretty compelling offer if it holds up. Comments above re tax liability on every transaction give me pause though.

DAI is stable(ish), so there's no effective tax liabilities since your cost basis will always market price.

The tax issues come up if you're storing BTC (or other alts), not DAI.

There are fees involved when purchasing DAI though. (and fees for spending as well..)