Cryptocurrency credit cards operate similarly to regular rewards credit cards, but with Crypto Rewards. The only difference is that instead of cash back, points, or miles, you earn crypto rewards on your ordinary purchases. The reward rates and digital currency types available vary by card.
The bitcoin industry has grown rapidly during the last decade. Digital currencies have gradually grown into a popular alternative payment mechanism. They’ve even made it into the world of credit cards, with numerous cards giving rewards in the form of various cryptocurrencies.
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Top List of Cryptocurrency Credit Cards That Offer Crypto Rewards
Earning crypto rewards through credit card shopping is a low-risk strategy to increase your holdings. Here are several cryptocurrency credit cards that provide rewards whenever you spend.
1. Gemini Credit Card
The Gemini credit card is an excellent choice for anyone looking to earn crypto rewards. With no annual fee, the card offers cash back on all purchases, at rates that vary depending on your spending habits. The rewards are available in real-time in Bitcoin or any of the over 60 cryptocurrencies available on Gemini.
You can enjoy the following rewards:
- 3% back on up to $6,000 in dining, then 1%
- 2% back on groceries
- 1% back on any other purchase
- Rewards can be provided in Bitcoin or any other supported cryptocurrency
- Rewards are credited to your account as soon as you swipe your card
The Gemini credit card is available in all 50 states, and you can spend anywhere that accepts Mastercard. Plus, the cards are available in sleek metal designs of your choice: black, silver, and rose gold. Just be sure to pay your bill on time — the penalty rate is a steep 31.49%.
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2. BlockFi Rewards Card
The BlockFi Rewards Card is another great choice for earning rewards. This credit card also comes with no annual fee or no foreign transaction fees. It offers several rewards in the form of Bitcoin, Ethereum, or one of more than 15 other supported cryptocurrencies:
- 1.5% back on every purchase
- 2% back after annual purchases reach $30,000
- 0.25% cash back on all eligible crypto purchases and trades, capped at $500 in Bitcoin per month.
BlockFi’s Visa Signature credit card also comes with added benefits like up to 10% back from thousands of restaurants and retail brands, access to Visa’s luxury hotels, fine food, and wine, sporting events, shopping, and more.
3. SoFi Credit Card
The SoFi credit card not only earns you rewards but also lets you redeem them for cryptocurrency straight into your SoFi Active Invest account. Whether you’re looking to save, invest, or pay down debt, a SoFi credit card might be a good fit. Like most cryptocurrency credit cards, there are no annual fees or fees for foreign transactions, but you will pay a fee for cryptocurrency transactions other than rewards redemption.
The card earns two points per $1 spent, equal to 2% cash back on every purchase redeemed, towards saving, investing, or paying down a loan with SoFi. This can be boosted to 3% if you also sign up for a direct deposit. You can also redeem rewards for a statement credit, but the reward drops to 1%. A current promotion will credit you with $300 if you receive $5,000 or more in direct deposits in the 30-day evaluation period. Rewards of $100 and $50 are also available for direct deposits of $2,000–$4,999 or $1,000–$1,999, respectively.
4. Upgrade Bitcoin Rewards Card
With the Upgrade Bitcoin Rewards card, you’ll get an unlimited 1.5% back in Bitcoin when you pay down your purchases on the card. Upgrade occasionally offers bonus rewards for cardholders, such as a $200 bonus for opening a Rewards Checking account and making three debit transactions. The card has credit lines from $500 to $25,000 available.
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 of credit. The Upgrade card has no annual fee and no foreign transaction fees. It also has additional benefits that come with Visa, similar to BlockFi.
5. Crypto.com Visa Card
The Crypto.com Visa card is actually a prepaid debit card, but it was one of the first cards to offer cryptocurrency rewards. Depending on your card tier, you can get 100% back on popular subscriptions, including Netflix, Spotify, and Amazon Prime. For travel, upper-tier cardholders get a 10% rebate on travel bookings with Airbnb and Expedia. The card also includes unlimited airport lounge access, interbank exchange rates, and no overseas fees at some card levels.
With the Crypto.com Visa card, you’ll get up to 5% back on spending, but rewards vary according to the card you choose. Each one has its own tier based on the amount of Cronos currency you’re required to hold, or “stake,” in your Crypto.com digital wallet. The amounts range from $0 worth for 1% rewards and no other perks, to $400,000 worth for 5% rewards and the full suite of benefits. There is no annual fee with the Crypto.com Visa Card.
6. Brex Credit Card
Designed for business startups, the Brex card is one of the credit cards with crypto rewards and no annual fees. You can redeem an unlimited number of points for Bitcoin and Ethereum at a rate of $7 worth per 1,000 Brex points, but you can also redeem points for cash, travel, gift cards, or statements of credit. The Brex Credit Card has no annual fee.
The Brex card offers point earnings across a wide range of categories. If you opt for Brex Exclusive, you’ll earn one point per dollar spent. Additionally, if you make daily payments on the card, you can earn rewards at the following rates:
- 7 points per $1 spent on rideshares like Uber and Lyft as well as taxis
- 4 points per $1 spent on travel booked via Brex Travel
- 3 points per $1 spent on restaurants
- 2 points per $1 spent on Apple purchases and recurring software
- 1 point per $1 spent on everything else
- Special rewards for life sciences conference tickets and lab supplies
7. Venmo Credit Card
The Venmo credit card lets you earn rewards on your everyday spending: 3% back on your top spending category, 2% back on your next spending category, and 1% back on everything else. You can then use the cash back to auto-purchase the cryptocurrency of your choosing. When you opt for the auto-purchase feature, you won’t incur a transaction fee. This card also has no annual fee.
You can also use your rewards for a statement credit or for peer-to-peer payments. The card comes with a unique QR code that you can send to friends to make getting paid quick and easy.
Conclusion
This is our top list of Crypto Currency Credit Cards with Crypto Rewards. Do you know any that we have missed? Share them with us in the comment section below.