Top 7 Credit Cards With Crypto Rewards

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List of the 7 best credit cards that offer crypto rewards

Cryptocurrency has become a common topic in the age of digital coins. We can now find credit cards that offer crypto rewards. Credit cards with crypto rewards allow you to get cryptocurrencies like Bitcoin, Ethereum with every purchase you make through this card.

Traditionally, credit cards offered rewards in the form of cash backs, points, offers to buy, etc., but the game has now changed with crypto rewards. More and more credit cards are now offering rewards in the form of cryptocurrency and this is either directly or by allowing users to convert their rewards into crypto.

But one thing you need to take into account is that if your crypto of choice is stale, your credit card rewards will take a hit as well.

Here is a list of the 7 best credit cards that offer crypto rewards.

SoFi Credit Card

With the SoFi credit card, you can get 2 points for every $ 1 spent on all purchases. You can redeem these points worth 1 cent each when you deposit them into an authorized SoFi account, including a SoFi crypto account. Currently, Bitcoin and Ethereum are the only cryptocurrency redemption options.

For the first user, you can earn up to $ 100 when you open and fund a SoFi Money account and a SoFi Invest account after being approved for the SoFi credit card. The annual fee for your account is $ 0.

Brex card

The Brex card, which is aimed at start-ups, recently added a new redemption option: from May 12, 2021, cardholders can redeem their Brex rewards for cryptocurrency; specifically, for Bitcoin and Ethereum. The company calls it the premier crypto rewards program for businesses. It’s worth marking the redemption rate: 100 points earns 70 cents of crypto, worth 0.7 cents per point. Crypto rewards will be redeemed through Coinbase, a cryptocurrency exchange. Cardholders can also redeem points for credit on their statement, gift cards, or travel.

If you are opening a Brex card account for the first time, you get 30,000 points after spending $ 3,500, or 50,000 points after spending $ 9,000 in the first 30 days. The annual fee for your account is $ 0.

Venmo Credit Card

Venmo credit card users can automatically purchase cryptocurrency using cash back rewards obtained from their card, with a feature called cashback to Crypto. You can choose from four cryptocurrencies to buy: Bitcoin, Ethereum, Litecoin, or bitcoin cash. Users will then be able to choose to sell or hold their crypto through the Venmo app.

To opt for the automatic cashback purchase feature over the crypto option, you do not have to pay any additional transaction fees. But a spread modifying the cryptocurrency will be built into each monthly transaction. This means that Venmo will charge a small spread (or margin) between the market price of crypto and the current exchange rate. You can change the crypto you want to buy and the auto buy feature can be turned off at any time. The annual fee for this credit card account is $ 0.

BlockFi Bitcoin Rewards Credit Card

By using this card, you can get 1.5% cash back on purchases, which is then converted to bitcoin and kept in the cardholder’s BlockFi account. Users can earn a 2% reward rate by spending over $ 50,000 each year. Unlike the SoFi Credit Card and the Brex Card, the BlockFi Bitcoin Reward Credit Card gains crypto as the default reward option. The card started processing in the summer of 2021. To be approved, you will need a good or excellent credit (FICO score of 690 or higher).

You can get a signup bonus of a 3.5% Bitcoin rewards rate for the first 90 days.

Gemini credit card

Gemini credit card users can earn a 3% reward rate on meals, 2% on groceries, 1% on all other purchases. Like the BlockFi Bitcoin Rewards card, the Gemini credit card will automatically earn crypto rewards. The rewards are available in bitcoin as well as 30 other cryptocurrencies on Gemini, a cryptocurrency exchange. The card is expected to be launched in the summer of 2021; applicants can add their name to a waiting list.

Visa Unifimoney credit card

The company has not announced the reward rate, signup bonus, or annual fee. Its launch is scheduled for fall 2021 in partnership with UK-based Railsbank. Cardholders can earn rewards in bitcoin, gold, or stock investments. The card will first be available to Unifimoney customers; you can register on the site.

Upgrade Bitcoin Rewards Card

With the Upgrade Bitcoin Rewards card, you will earn unlimited 1.5% in Bitcoin, but you will not receive the rewards until you have paid for your purchases on the card. When you make payments on your purchases, Bitcoin will be purchased on your behalf and held in a wallet provided by NYDIG, a custody and trading platform. You can sell your Bitcoin, after a 90-day holding period, and receive the proceeds in the form of a statement credit. You will need to pay a 1.5% transaction fee when you sell your Bitcoin.

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