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Over the past decade, the cryptocurrency space has grown in popularity. Digital currencies have slowly evolved into a popular alternative payment method. They even found their way into the credit card world, with several cards offering rewards in the form of various cryptocurrencies.
Crypto credit cards work like traditional reward credit cards. The only difference is that you earn cryptocurrency rewards on your daily spending instead of cash back, points, or miles. The reward rates and types of digital currencies available also vary by card.
7 credit cards offering crypto rewards
Earning crypto rewards with credit card spending is a low risk way to increase your stash. Here are some crypto credit cards that can earn you rewards every time you spend.
1. Gemini credit card
The Gemini Credit Card is a great choice for anyone looking to earn crypto rewards. With no annual fee, the card offers cash back on all purchases, with rates that vary based on your spending habits. The rewards are available in real time in Bitcoin or any other cryptocurrency available on Gemini.
You can enjoy the following rewards:
- 3% discount on meals
- 2% discount on groceries
- 1% discount on any other purchase
- Rewards can be provided in Bitcoin or any other supported cryptocurrency
- Each transaction allows you to receive a reward, when eligible
The Gemini credit card is available in all 50 states and you can spend anywhere that accepts Mastercard. Additionally, the cards are available in stylish metallic designs of your choice: black, silver, and rose gold.
2. BlockFi Bitcoin Rewards Credit Card
The BlockFi crypto Rewards credit card is another great choice for earning rewards. This credit card also comes with no annual fees or overseas transaction fees. It offers several rewards in the form of cash back, including:
- 1.5% cashback in bitcoin on every purchase
- 3.5% bitcoin rewards for the first three months after opening the account
- 2% back in Bitcoin on purchases over $ 50,000 per year
- 0.25% back in Bitcoin on all acceptable transactions
The BlockFi Visa Signature credit card also offers additional benefits such as access to Visa luxury hotels, food and wine, sporting events, premium car rental, shopping and more. Again.
3. SoFi credit card
The SoFi credit card not only allows you to earn rewards, but also allows you to redeem them with a qualifying SoFi account, including SoFi Money, SoFi Crypto, SoFi Active Invest, and SoFi loans. Whether you’re looking to save, invest, or pay off debt, a SoFi credit card can be a good choice. Like most crypto credit cards, there are no annual fees or fees for foreign transactions.
The card earns two points per dollar spent, or 2% cashback on each purchase redeemed, to save, invest or repay a loan with SoFi. Recently, SoFi introduced crypto rewards with the SoFi Active Invest account.
4. Upgrade Bitcoin Rewards Card
With Upgrade Bitcoin Rewards Card, you will get an unlimited 1.5% Bitcoin refund when you redeem your purchases to the card. Unlike other crypto credit cards where you can redeem your rewards immediately, you must keep your Bitcoin rewards in a wallet for at least 90 days before selling.
Once you sell, you incur a 1.5% transaction fee and you can only receive the product in the form of a credit statement. The Upgrade card has no annual fees or foreign transaction fees. It also has additional benefits that come with Visa, similar to BlockFi.
5. Visa Crypto.com card
The Crypto.com Visa card was one of the first crypto credit cards. You’ll get 100% back on the most popular subscriptions including Netflix, Spotify, and Amazon Prime. For travel, you’ll get a 10% discount on Airbnb and Expedia bookings. The card also includes unlimited access to airport lounges, interbank exchange rates and no fees abroad.
With the Crypto.com Visa card, you’ll get up to 8% cash back on your spending, but the rewards vary depending on which card you choose. To get started, you will need to purchase CRO tokens and deposit them into your crypto wallet. For each qualifying transaction, CRO rewards are instantly reflected in your wallet and you can redeem them however you want.
6. Brex credit card
Designed for startups, the Brex Card is another credit card that earns crypto rewards with no annual fee. You can earn 10,000 points after spending $ 1,000 on the card and another 10,000 points if you spend $ 3,000. Additionally, you can earn an additional 20,000 points if you link payroll to the Brex account, for a total of 50,000 possible sign-up bonus points. You can redeem your points for Bitcoin and Ethereum, but you can also redeem points for cash, travel, gift cards, or credit statements.
The Brex card offers point gains in a wide range of categories. If you opt for Brex exclusivity, you will earn one point per dollar spent. Additionally, if you make daily payments to the card, you can earn rewards at the following rates:
- 8 points per dollar spent on carpooling like Uber, Lyft and taxis
- 5 points per dollar spent on travel booked through Brex
- 4 points per dollar spent in restaurants
- 3 points per dollar spent on Apple purchases and recurring software
- 1 point per dollar spent on everything else
7. Venmo Credit Card
With the Venmo credit card, you can earn rewards on your daily spending: 3% back on your highest spending category, 2% back on your next spending category, and 1% back on everything else. You can then use Cash Back to automatically purchase cryptocurrencies like Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. When you opt for the automatic purchase feature, you pay no transaction fees.
To take with
If you are a crypto enthusiast, using a crypto credit card can passively earn rewards that you can redeem for digital currency. Like any other financial product, there is no such thing as a single crypto credit card. Whichever card you choose, it’s important to read the terms and conditions carefully to make sure you get one that meets your spending needs. Also make sure you understand the redemptions available before committing to one.
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