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Popular among cryptocurrency fans, Crypto credit cards enable you to earn Bitcoin and other virtual currencies on your everyday purchases. If you’re new to cryptocurrencies, using a rewards credit card is a risk-free method to break the ice in the world of bitcoin. Furthermore, you can utilize one to add funds to your cryptocurrency account if you’re currently investing. Look through the list of the best crypto credit cards to make it easier to pick the right one for you.
The Advantages of Cryptocurrency Credit Cards
Here are some compelling arguments in favor of cryptocurrency credit cards:
Access to Many Currencies With a Single Card
If you’re hoping to access both digital products and fiat cash, crypto credit cards are the perfect combo to have on hand. Since digital assets get turned into your primary fiat currency on every purchase, you don’t need to carry numerous credit cards.
Earn RewardsÂ
Some cryptocurrency credit cards are similar to traditional rewards or cashback cards. They allow you to gain points for every transaction you make. You can get up to 5% cash back on every purchase, whether online or in-store.
Other crypto card issuers even commit to refunding your monthly maintenance cost if you fulfill the necessary card load requirements for the month in question.
Fees Are Minimal or Non-existent
You will not incur monthly, annual, or foreign exchange fees when using your cryptocurrency credit card. Several cryptocurrency-backed cards may even eliminate these costs if you use or keep your balance at the minimum needed level for a specified period.
Flexibility
Certain crypto credit cards accept several payment methods, including traditional and cryptocurrency, allowing you to select the way that best suits your needs. You will not need to visit a currency exchange to stock on any foreign currency.
How Best Crypto Reward Credit Cards Work
In many aspects, cryptocurrency rewards cards are identical to every other reward credit card in terms of functionality. The underwriting rules that decide your approval and credit line will vary based on the credit issuer and your credit score and income. Crypto rewards cards also connect to payment processing networks identical to those used by Visa and Mastercard, ensuring that any merchant that takes these cards will accept them.
When comparing crypto rewards cards to other credit cards, the most significant distinction is that you gain rewards in a specific cryptocurrency, such as Bitcoin, rather than traditional benefits such as cash back or airline miles. Essentially, this enables you to invest passively in cryptocurrency as you carry on with your daily activities.
List of Best Crypto Credit Cards
Let us now explore some of the top-rated crypto credit cards and their perks.
Gemini Credit Card
Intro Bonus: N/A
APR: 12.99% – 23.99% Variable
Recommended Credit: N/A
Annual Fee: $0
Intro Purchase: APRN/A
Gemini automatically earns cryptocurrency rewards that are interoperable with over 50 different cryptocurrencies. It would be best if you did not take the fact that there are no exchange costs as a given. Nonetheless, there’s no guarantee of exchanges. There is no annual cost, but there is no welcome incentive to compensate. Transaction fees range from 0.5% to approximately 4%, depending on the credit card company and the transaction. Â
WebBank issues Gemini Credit Card, and it operates on the Mastercard network, granting customers access to all businesses to accept the Mastercard credit card network, including online retailers. A simple app will also assist you in managing your account, such as freezing and unfreezing your card.Â
It has a one-of-a-kind rewards layout that you pay in real-time, and you can redeem in a variety of ways, including:
- Three percent back on dining (up to $6,000 spent).
- Earn 2% cash back on groceries
- 1% refund of all purchases
BlockFi Rewards Visa Signature Card
Intro Offer: 3.5% crypto rewards on all purchases up to $100 in crypto within the first 90 days of card ownership
APR: Variable (14.99%- 24.99%)
Recommended: Good/ Excellent Credit
Annual Fee: $0
Intro Purchase: APRN/A
BlockFi Rewards Visa® Signature Credit Card provides an unlimited 1.5% cash back on all purchases and a welcoming bonus, and a yearly spending incentive, among other benefits.
Crypto.com Visa Card
- Rewards: CRO
- Funding method: Crypto wallet
- Account minimum: $0 – $400,000
The Crypto.com Visa card integrates smoothly into your life, offering many practical benefits in everyday situations, one of the first cryptocurrency cards.
The first step is to purchase Crypto.com’s cryptocurrency tokens (called CRO tokens) and deposit them in your Crypto.com wallet. Potential cardholders will have to stake CRO tokens for 180 days to be eligible to apply for the card. The amount of CRO you have invested will determine the card tier.
Cardholders can earn a 100% rebate on their most-loved services, such as Amazon Prime, Netflix, and Spotify, according to their card tier. All three are available on the two most expensive card tiers. Spotify and Netflix are available through Royal Indigo/Jade Green, and Ruby Steel offers a Spotify subscription.
Upgrade Bitcoin Rewards Card
Intro APR: Purchases: N/A Balance Transfers: N/A
Regular APR: 8.99%-29.99% APR
Rewards: 1.5% back in Bitcoin
Annual Fee: $0
Welcome Offer: $200 bonus
With the Upgrade Bitcoin Rewards Card, your spending will convert into Bitcoin (BTC), a unique choice. Unlike credit cards, this Upgrade card offers loans with defined payment amounts and an agreed-upon annual percentage rate (APR). Although the card has its advantages, there are some disadvantages, including limitations on how you can utilize your Bitcoin.
Brex 30 Card
- After using $9,000 or more in the first 30 days, you will receive 50,000 bonus points.
- Brex provides a corporate credit card meant to assist businesses in increasing their purchasing power and growing more quickly.
- Get 10-20x more significant credit limits than standard corporate credit cards while also receiving perks and cashback on all you spend, such as 7x on Uber and 2x on recurrent software purchases, among other things.
- With a card paid automatically monthly, you can start building your business credit right away.
- There is no credit check, personal guarantee, account fees, and interest charged on this loan.
- Using automatic receipt matching and built-in expenditure management capabilities, you can save time and money while gaining thorough insights into your spending habits.
- Provide your team with an unlimited number of virtual cards, and establish specific limits on each card.
- With QuickBooks, Concur, Xero, Expensify, and NetSuite connectors, you can close the books in a fraction of the time.
- Businesses must have a linked bank account with a balance of at least $50,000 to receive authorization for a Brex card with monthly payments.
- There is no annual fee.
SoFi Credit Card
The SoFi credit card assists cardholders in saving, investing, and paying down debt by utilizing one of SoFi’s several account options. The card has no annual fee and rewards you 2 points for every dollar spent on all purchases made with the card.Â
However, you should be aware that you are not purchasing actual cryptocurrency when you acquire cryptocurrency on SoFi. What you’re buying is an IOU that keeps a record of the worth of the bitcoin you’ve purchased.
In that line, the only way to pay out your cryptocurrency rewards on SoFi is to transact your current balance in exchange for cash. You cannot trade or convert your cryptocurrency into another, and you cannot remove it from the site to send it to a business such as Coinbase or even deposit it in frozen storage.
Final Take: Best Crypto Credit Cards
Best Crypto Credit Cards. Useful Overview
List of Best Crypto Credit Cards. Overview
There are a variety of crypto credit cards that one can use. Depending on your needs and the offers that appeal to you most, you can make a selection. Possessing a crypto credit card comes with many advantages, such as earning redeemable rewards from your transactions.Â
