The way we spend our money is also increasingly moving online. Because the cryptocurrency market is always changing, our staff makes it a priority to keep an eye on the latest trends and product launches. In recent years, crypto rewards credit cards have become an increasingly popular trend.
It’s only a matter of time until people start using their crypto cards to receive rewards on their ordinary purchases. Crypto credit cards are similar to standard credit cards, except that they use a digital currency like Bitcoin to raise funds and payout benefits. While you’re supported by well-known credit card networks like Visa and Mastercard, you’ll still be able to use cryptocurrencies to get better benefits.
As part of our efforts to identify the finest crypto credit cards currently on the market, we conduct extensive research and analysis. Payment choices and exchange alternatives are all included as well as a mechanism for awarding points and prizes.
1. Gemini Credit Card
Repute: Best Rewards
Annual fee: $0
Rewards: 50+ cryptocurrencies
Account minimum: $0
Credit: Excellent
Funding method: Crypto wallet
More than 50 different cryptocurrencies are supported by Gemini’s crypto incentives. When exchanging currencies, keep in mind that there are no exchange costs, but they are not guaranteed. There’s no yearly cost, but there’s also no sign-up incentive. Transaction fees might range from 0.5 percent to 4%, depending on the type of card you use.
Gemini is a WebBank-issued Mastercard that can be used at all Mastercard-enabled merchants worldwide. Additionally, you’ll be able to freeze and unfreeze your card using a simple app, and 24/7 live customer assistance is available.
Rewards are paid in real-time and can be redeemed in a variety of ways on the Gemini platform.
- 2% back on groceries
- 3% back on dining
- 1% back on every purchase
All incentives from qualified purchases are paid out via Bitcoin or another cryptocurrency accepted by Gemini. Members also have access to exclusive features on Mastercard.
The Gemini card is not currently available, but you may sign up for the waitlist to be notified when applications are being accepted. The card will be available in all 50 states in a sleek metal style in your choice of black, silver, or rose gold.
Pros:
- Multiple rewards structures
- Widely available
- Used anywhere Mastercard is accepted
Cons:
- Exchanges are not guaranteed
- Fees may add up
- Currently waitlisted
2. Wirex Visa Card
Repute: Best International
Annual fee: $0
Rewards: WRX
Account minimum: $0
Credit: None required
Funding method: Crypto wallet
Availability: Not widely available
Using a Wirex card allows you to make worldwide purchases without having to pay hefty exchange costs. Withdrawing money from a foreign ATM is free with this card, which is accepted at more than 80 million locations worldwide, including online and brick-and-mortar stores.
To fund your account, Wirex needs staked tokens called WXT. Additionally, Wirex launches a new reward system called Crypto back that gives you 2% WXT back for qualified in-store purchases only. Wirex will give you an extra $10 in Bitcoin if you refer new customers. On top of that, eligible in-store purchases will earn you an additional 1.5 percent cashback.
There is a one-year contract for the Crypto back program. Cardholders can receive anywhere from 2% to 8% of their purchase price back in X-Points, depending on the price plan they select. X-Points are a digital currency worth one cent apiece, and can be exchanged for it. 2 percent is free, but 4 percent will cost you $10 a month or $102 a year, depending on how much you want to make. It costs $30 per month or $306 per year to receive 8% cashback.
There is no yearly charge with Wirex, and the pricing structure is straightforward. But there is a 2.5 percent transaction fee that will eat away at your total rewards. Exchanging fiat currency for another is free, and 18 different currencies have special over-the-counter or interbank exchange rates. You’ll have to pay a 1% fee if you want to use bitcoins to fund your account.
Also available is an app that allows you to monitor your expenditure and keep a budget at the same time. As a result, you may make more efficient global purchases no matter where you are in the world by using a currency exchange service.
Pros:
- Multiple cryptocurrencies
- Bitcoin rewards
- Lower fees
Cons:
- Native token-based
- Wirex WXT balance must be maintained
- Limited rewards structures
3. Crypto.com Visa Card
Repute: Best Overall
Annual fee: $0
Rewards: CRO
Account minimum: $0–$400,000
Credit: None required
Funding method: Crypto wallet
The Crypto.com Visa card is one of the first of its kind, and it comes with a slew of benefits that make sense in the real world.
Purchase Crypto.com tokens (CRO) and stake them in your Crypto.com wallet to get started. Before applying for a card, prospective cardholders must have CRO tokens for 180 days. The card tier is determined by the amount of CRO you have staked.
In reality, the Crypto.com card, which is sometimes mistaken for a debit card, is a prepaid card that is loaded with Crypto.com’s digital money. As long as you don’t over the monthly limit for currency exchange transactions, you’re free to do so.
Cardholders can get up to a 100% rebate on their subscriptions to Amazon Prime, Netflix, and Spotify, depending on the tier of their credit card. All three are available on the top two card tiers. In addition to Spotify and Netflix, Royal Indigo/Jade Green and Ruby Steel provide a Spotify subscription.
Reward percentages range from 1 percent to 8 percent, depending on the card tier. The Obsidian and Frosted Rose Gold/Icy White cards provide 10 percent back on Airbnb and Expedia purchases if you get the travel itch. Exclusive airport lounge access is also included. For most cards, there are no ATM withdrawal fees and special currency conversion rates if you keep a greater monthly limit.
More than 90 different cryptocurrencies can be used with Crypto.com, making it one of the most versatile crypto cards on the market. In some cases, cardholders have the option of selecting a different color for their metal card. It is possible to use your card anyplace Visa is accepted, and the special Crypto.com app allows you to manage your account while on the road.
Pros:
- No fees
- Supports most cryptocurrencies
- Popular streaming service rebates
Cons:
- Limited consumer resources
- Crypto.com token is required
- A complicated platform for beginners
4. Coinbase Visa Debit Card
Repute: Best Security
Annual fee: $0
Rewards: 1% of BTC or 4% of XLM
Account minimum: $0
Credit: Very Good
Funding method: Crypto wallet
As a renowned cryptocurrency exchange, Coinbase had been around since its inception in 2012 when it introduced its Coinbase Visa card. The only difference is that the Coinbase Visa can be used with any asset in your Coinbase portfolio, just like any other Visa card.
You can simply use a PIN or withdraw from an ATM as you would with a standard credit or debit card to pay for goods and services. A daily spending cap of $2,500 is in place, as is a daily ATM withdrawal cap of $1,000.
For every purchase, cardholders can choose to receive either 1% back in Bitcoin (BTC) or 4% back in XLM.
The Coinbase Visa may be used anywhere Visa is accepted, therefore there are no international restrictions when using the card. Additionally, you have the option to freeze your card through a robust mobile app that keeps you in the driver’s seat of your account at all times. Account notifications, digital receipts, and transaction summaries also make bookkeeping simple.
However, the debit card comes with a hefty cost. In addition to the almost 2.5% cryptocurrency liquidity cost and the 2% international transaction fee, there is no issuance fee. You’ll be hit with a 1% fee if you take out more money than you’re allowed to. Even though crypto incentives can go as high as 4% on qualified purchases, the 2.5 percent transaction fee leaves you with only 1.5% earnings.
Consumers continue to enjoy the card’s extra security measures and convenience advantages as a result of its availability on the market.
Pros:
- Used where VISA Cards are accepted
- Strong card security
- Additional recording features
Cons:
- A Coinbase account is required
- High transaction fees
5. BlockFi Rewards VISA Signature Card
Repute: Best for Bitcoin
Annual fee: $0
Rewards: BTC
Account minimum: $0
Credit: Very Good
Funding method: Bank account
Availability: Not widely available
Bitcoin holders can earn interest on their balances using the BlockFi Rewards Visa Signature credit card. In this case, your BlockFi card’s default rewards system is based on cryptocurrencies like Bitcoin. In addition to a 1.5% rebate on every, your BlockFi account is rewarded with Bitcoins.
To increase your purchasing power while traveling, you can use your card everywhere Visa is accepted, and there are no international transaction fees.
Because no costs are charged during the transaction process, your points aren’t depleted. For the first three months, you’ll get 3.5 percent back in BTC for every purchase you make, with a maximum of $100 in BTC in rewards.
There is an additional 2% reward structure for cardholders who spend more than $50,000 annually. Refer a friend, and you’ll be rewarded with an extra $30 in Bitcoin. For approved trades, cardholders can get 0.25 percent of their BTC back in the form of BTC credits, up to a monthly cap of $500.
The BlockFi card, like a typical credit card, has a credit limit. You won’t be charged an annual fee, and the reward structure is simple to understand and helps you earn. The lack of a sliding scale or convoluted rewards structure to keep track of is appreciated by many cardholders. It’s a regular credit card with the modern conveniences of bitcoin, and it has the Visa emblem to prove it.
Pros:
- Rewards offered in Bitcoin
- Multiple bonus rewards
- Visa Signature benefits
Cons:
- Limited to just Bitcoin
- Waiting time for some rewards
Conclusion
Always read the fine print of any credit card before using it to be sure the rewards you get are in line with your spending habits.
