5 Best Crypto Credit Cards for Rewards and Interest Rates

Each excels in at least one area, whether that’s delivering a consistently high rate of return or offering access to the widest range of cryptocurrencies. You know all about cash-back credit cards and travel rewards credit cards. The rewards are available in bitcoin as well as more than 50 other cryptocurrencies on Gemini, a cryptocurrency exchange.

The idea behind many of them is that you may be able to spend your crypto funds without having to sell your crypto assets. However, you should still handle your crypto credit card responsibly. One alternative is to get a great cash-back card and separately use that money to invest in a cryptocurrency. This way, you can choose from far more rewards cards, ones that fit your spending patterns better.

Most crypto rewards cards let you choose Bitcoin as a crypto you get paid out with. Cards like the Upgrade Bitcoin Rewards Visa credit card also specialize in paying you with Bitcoin for everyday spending. Once you sell your cryptocurrency, you’ll incur a 1.5% transaction fee, and you can only receive the proceeds in the form of a statement credit. Last, cryptocurrency debit cards also provide users with the ability to withdraw their digital assets as fiat currency at ATMs around the world.

As one of the most popular cryptocurrency exchanges out there, it’s no surprise that Gemini is also launching a cryptocurrency rewards card. Every major crypto card supports a variety of different cryptocurrencies, including Bitcoin, Ethereum, Litecoin and more while some others even support smaller and less traded altcoins. This gives users the choice of which digital asset best suits their needs, whether it be for long-term investment purposes or for daily transactions. As long as your crypto credit card belongs to a major payment network like Visa or Mastercard, you can use it with any merchant that accepts those types of cards.

Pros and cons of crypto credit cards

The deceptive trend continues with crypto cards, many of which have unique fees that you wouldn’t even know to look for. Overall, the BlockFi credit card wins points for simplicity and its straightforward rewards structure. If all you want is 1.5% back in bitcoins instead of cash, it’s crypto rewards a solid choice. New cardholders can also earn up to 40,000 free points for spending at least $3,000 in their first three months and linking payroll to their Brex account. The catch is you need to open a Brex Cash Account and switch to daily payments to earn the highest reward rates.

You apply for the crypto card and, if approved, are given a set credit limit and need to pay off whatever limit given by the crypto card provider company. You will also earn crypto rewards when making purchases with the Card. Some are really debit cards–which means you’re spending your cash or crypto. Others work more like prepaid cards, meaning you have to fund them with cash and top them up when the balance gets low.

Swipe Visa card.

Whether a card supports your cryptocurrency of choice will play the largest role in your choice in today’s market. While most crypto credit cards capture the market crypto value at the time of purchase, you may have to wait for those rewards to post to your account. Here are answers to some of the most frequently asked questions about credit cards with crypto rewards.Are crypto credit cards safe? Most experts agree that crypto credit cards are a relatively low-risk way to get into crypto investing. So whether you’re already a crypto-enthusiast, or are simply looking for a way to diversify your credit card rewards strategy, utilizing a crypto rewards card could be a great fit for you.

• If you think you’ll be using your crypto card for big purchases, you’ll save big money by using a card with no such fees.
• But should you ever sell the crypto you’ve accrued with your card, you should prepare to pay a fee on that sale.
• If you’re looking for the best crypto credit card, it helps to know your options and how the cards work.
• It really depends on the card itself, the geography, the issuer, the BIN sponsor and more.
• You can spend with cash or crypto or choose from more than 23 national currencies and precious metals, including gold, silver, palladium, or platinum.
• Crypto credit cards come in a variety of types, with notable differences in interest rates charged and reward rates offered.
• For example, if you want the BlockFi Rewards Visa® Signature Credit Card, then you’ll need an account with BlockFi to apply for it.

Always make sure that you have the correct wallet address for your coins – this is the address where your crypto coins will be sent once you make a purchase. On the other hand, crypto enthusiasts began to stash the assets. They drove up the market to unprecedented heights; soon, everyone wanted to onboard the crypto wagon.

What are Crypto Rewards Credit Cards?

Up to a $6000 annual spending limit, Gemini credit card owners receive a generous 3% crypto cashback on dining, 2% back on grocery shopping and 1% back on all other purchases. Once the $6000 annual spending limit is hit, all rewards revert to a flat crypto cashback reward of 1% on everything. Many crypto credit cards charge a fee for every purchase made in a foreign currency.

We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page. Earn 2% back in crypto on every purchase over $30,000 of annual spend. Rewards rate increases from 1.5% to 2% after $30,000 of spend has been achieved and resets on the card anniversary date every year.

Best Crypto Rewards Cards Of March 2023

The card pays out rewards in Bitcoin, Ethereum, and more than a dozen other cryptocurrencies. The interest rates on the card are variable and come in the range of 13 percent–24 percent. In addition to these perks, there are no annual fees, no foreign transaction fees and no exchange fees that affect users’ crypto rewards. Cards come in a sleek metal and there are three designs to choose from—black, silver and rose. For security reasons the long card number is omitted and is accessible via the Gemini credit card mobile app. Crypto debit cards allow you to spend the balance of your crypto holdings.

However, it should be noted that only C-corps, S-corps, LLCs, and LLPs are eligible for Brex. Finally, you should also be aware that many crypto-related cards have no benefits at all, apart from the ability to access the value of your crypto account at the point of sale . The world of finance is changing fast and there has been nothing more disruptive in the financial sector than cryptocurrency. It has taken the world by storm and captured everyone from politicians to banking institutions by surprise. Crypto is arguably one of the most disruptive entrants to the financial system since the invention of paper money in China more than 3000 years ago.

Likewise, if you use your credit card on an unsecure website or payment terminal, hackers can steal it and use it to make unauthorized purchases. All else being equal, we give preference to cards and issuers that offer this flexibility. We are more skeptical of cards that require users to keep high crypto balances in linked wallets. If you want to claim your rewards in other cryptos, you’ll need to exchange them after they’re earned or look to another card.

The Ability to Accumulate More Crypto

Terms apply, visit brex.com.Unlike all other cards featured in this guide, the Brex 30 card is the only small business card currently offering crypto rewards as an option to its customers. You’ll need at leastgood creditto be approved for one of these crypto cards, but you’ll be able to use them anywhere other credit cards are accepted. The best crypto rewards cards were chosen based on staking requirements, ease of use, fees, rewards and other perks. Keep in mind what may be best for some consumers might not be right for you.

Top List of Cryptocurrency Credit Cards That Offer Crypto Rewards

Your account allows you to manage up to five cards, which is excellent if you have separate cards for different purposes. Swipe is also great for businesses that want to start accepting cryptocurrencies and build a user experience around them – with additional API integration included. The virtual card is perfect for online shopping, while the physical card is ideal for in-store purchases. There are different ways to earn more and upgrade Bitcoin rewards. These include intro bonus, trading bonus, spend bonus, and more. Inheritance service allows balance transfer to pass on your card and rewards to loved ones.

Users now have more options than ever when it comes to cryptocurrencies. The next thing you need to do is examine what’s on offer, what the fees are if any, and whether or not you’ll actually make use of the perks each card promises. To say that Crypto.com has made a splash is an understatement. Prior to this promotional drive, in 2018 Crypto.com was one of the first crypto exchanges to release a series of crypto VISA cards.

Your crypto is stuck in the SoFi account as long as you have it. When you use a crypto credit card, you’re borrowing money from the credit card issuer. The card issuer pays for your purchases upfront, and you repay it later. There can be interest charges, but if you pay your card’s full balance by https://xcritical.com/ the due date, you’ll avoid interest on your purchases. What’s most important is to pick a crypto credit card with a good rewards rate. Flat-rate cards tend to work well for just about anyone, but if you have high spending in certain categories, you could benefit more from a bonus category card.

Crypto rewards cards are similar to regular rewards credit cards. The main difference is that the “cash back” you earn for daily spending is paid out as various cryptocurrencies. Cards typically pay 1% to 2% back in crypto rewards but can also have higher reward tiers or additional perks depending on the card provider. Designed for business startups, the Brex card is another credit card that earns cryptocurrency rewards with no annual fees. Crypto debit cards, on the other hand, allow you to spend the balance of your crypto holdings, similar to how you would with a normal debit card tied to a bank account with USD. Many crypto debit cards also allow you to earn crypto rewards for these purchases.

Card Type

There are more than 50 crypto coins available for use with the card, and you can use it at any ATM or merchant that accepts Visa. You can also use crypto portfolio trackers to keep an eye on your trades as they provide a higher return on your initial investment. There are more than 50 crypto coins available for use with the Gemini card, and you can use it at any ATM or merchant that accepts Visa.