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Over the past decade, the cryptocurrency space has gained a lot of traction. Digital currencies have slowly evolved to become a common alternative payment method. They have even found their way into the credit card world, with several cards offering rewards in the form of various cryptocurrencies.
Crypto credit cards function like traditional rewards credit cards. The only difference is that you earn cryptocurrency rewards on your everyday spending instead of cash back, points or miles. The reward rates and the types of digital currencies available also vary by card.
7 Credit Cards That Offer Crypto Rewards
Earning crypto rewards with credit card spending is a low-risk way to grow your stash. Here are some crypto credit cards that can earn you rewards whenever you spend.
1. Gemini Credit Card
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, with rates that vary depending 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% back on dining
- 2% back on groceries
- 1% back 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
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.
2. BlockFi Bitcoin Rewards Credit Card
BlockFi crypto rewards credit 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 cash back, including:
- 1.5% back in bitcoin on every purchase
- 3.5% bitcoin rewards for the first three months after account opening
- 2% back in Bitcoin on purchases over $50,000 annually
- 0.25% back in Bitcoin on all acceptable trades
BlockFi Visa Signature credit card also comes with added benefits like access to Visa’s luxury hotels, fine food and wine, sporting events, a premium car rental service, shopping and more.
3. SoFi Credit Card
SoFi credit card not only earns you rewards but also lets you redeem them with an eligible SoFi account, including SoFi Money, SoFi Crypto, SoFi Active Invest and SoFi loans. Whether you’re looking to save, invest or pay down debt, a SoFi credit card might be a good fit. Like most crypto credit cards, there are no annual fees or fees for foreign transactions.
The card earns two points per $1 spent, equal to 2% cashback on every purchase redeemed, towards saving, investing or paying down 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’ll get an unlimited 1.5% back in Bitcoin when you pay down your purchases on the card. Unlike other crypto credit cards where you can redeem your rewards immediately, you have to hold your Bitcoin rewards in a wallet for a minimum of 90 days before you sell.
Once you sell, 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 one of the first crypto credit cards. You’ll get 100% back on most popular subscriptions, including Netflix, Spotify and Amazon Prime. For travel, you’ll get a 10% rebate on Airbnb and Expedia booking. The card also includes unlimited airport lounge access, interbank exchange rates and no overseas fees.
With the Crypto.com Visa card, you’ll get up to 8% back on spending, but rewards vary based on the card you choose. To get started, you’ll need to purchase CRO tokens and deposit them into your crypto wallet. For each eligible transaction, CRO rewards reflect instantly in your wallet, and you can redeem them as you wish.
6. Brex Credit Card
Designed for startups, the Brex card is another credit card that earns crypto rewards with no annual fees. 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 20,000 more points if you link payroll to the Brex account, totaling 50,000 in possible signup bonus points. You can redeem your points for Bitcoin and Ethereum, but you can also redeem points for cash, travel, gift cards or statements of credit.
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:
- 8 points per $1 spent on rideshares like Uber, Lyft and taxis
- 5 points per $1 spent on travel booked via Brex
- 4 points per $1 spent on restaurants
- 3 points per $1 spent on Apple purchases and recurring software
- 1 point per $1 spent on everything else
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 cryptocurrencies like Bitcoin, Ethereum, Litecoin or Bitcoin Cash. When you opt for the auto-purchase feature, you won’t incur any transaction fee.
If you’re a crypto enthusiast, using a crypto credit card can passively earn rewards that you can redeem as digital currency. Like any other financial product, there’s no one-size-fits-all crypto credit card. No matter the card you choose, it’s important to read the terms and conditions carefully to ensure that you get one that fits your spending needs. Also, ensure you understand the available redemptions before you commit to one.
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