Pool crypto credit cards to earn rewards
If you believe that cryptocurrency is a good long-term investment, you may want to consider it further Cryptocurrency credit card into your wallet.
More and more companies are working to provide crypto rewards to crypto enthusiasts who want to participate in the digital currency economy.
Of course, this particular type of bonus is not for everyone. It’s important to keep in mind your risk tolerance for potential fluctuations in the market. If you’re completely new to cryptocurrency, check out our full introduction Instructions for earning cryptocurrency on credit cards.
Note that there is no official Bitcoin credit card or Ethereum credit card, but you can earn those or other cryptocurrencies with any of the cards mentioned in this guide.
At TPG, we’re definitely fans of cards that earn rewards with every purchase — in the form of cash back, airline miles, or transferable points to use for travel. Crypto-earning cards may appeal to those who have faith in the future of various currencies.
However, it is important to note that the value of any cryptocurrency, including Bitcoin or Ethereum, can increase or decrease frequently and rapidly at any given time. So you’ll want to seriously consider whether the risk is worth it for you before deciding to sign up for one of these crypto credit cards.
Keeping the above in mind, here are some of the most popular cards that earn crypto.
Related: What you need to know about earning crypto on your credit card
Gemini Credit Card
The Gemini* credit card is a Mastercard branded product and has no annual fee. The card features 4% back on gas and electric vehicle charging (up to $200 per month, then 1%), 3% back on dining, 2% back on groceries, and cashback 1% again everywhere else. You can choose to redeem your rewards in any of the 50+ cryptocurrencies available on Gemini.
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Some of the biggest cryptocurrencies in the Gemini credit card rewards program include Bitcoin, Ethereum, Filecoin, Zcash, Bitcoin Cash, Litecoin, Dogecoin, Tezos, Solana, and Polkadot. You can also earn in stablecoins like USD Coin and Gemini dollar.
This card is a popular choice for crypto rewards due to its low costs, higher reward rates, and beginner-friendliness.
Crypto.com Visa Card
The Crypto.com Visa Card* is a no-annual-fee card from one of the most popular cryptocurrency exchanges in the United States. (This is partly due to a major advertising campaign with Matt Damon and the purchase of naming rights to Crypto.com Arena, formerly known as Staples Center in Los Angeles, California.)
The Crypto.com card is a bit more complicated, with five levels and different rewards depending on your crypto balance.
The basic Midnight Blue tier requires no cryptocurrency holdings and offers no rewards. With $400 or more in Cronos (CRO), the native currency created by Crypto.com, you can earn 1% to 5% back on regular purchases, depending on your level.
Other perks that come with higher tiers include up to 100% cash back on Spotify, Netflix and Amazon Prime subscriptions, merchant incentives with Expedia and Airbnb, and free airport lounge access . However, those top benefits require holding a whopping $400,000 worth of CRO, far beyond what most people can afford or consider.
Venmo credit card
The Venmo* credit card offers rewards in many forms, including cryptocurrency. Users can choose their preferred cryptocurrency to receive monthly rewards, which will be redeemed automatically.
The Venmo card has no annual fee and offers cash back rewards of up to 3% in your top category per statement period, 2% in your second largest spending category, and 1% on everything other.
Venmo only supports a short list of currencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, as well as the PayPal stablecoin, PayPal USD. Venmo cryptocurrency transactions are conducted through a partnership with Paxos, which charges the difference between the buy and sell price, known as arbitrage.
The card is issued in cooperation with Synchrony Bank.
Crypto credit cards have been discontinued
Since crypto credit cards started gaining traction years ago, some of the momentum has slowed as certain cards have gradually discontinued operations or closed their relationships with cryptocurrencies. death.
The BlockFi Rewards Visa Signature Card*, a card that earns rewards that can be converted into multiple cryptocurrencies, is no longer available to new subscribers. The Bitcoin Upgrade Rewards* Visa credit card used to offer Bitcoin rewards on every purchase, but this card also doesn’t accept applications.
Meanwhile, SoFi has discontinued the option to convert SoFi Credit Card rewards* to cryptocurrency in 2023.
*Information about the Gemini Credit Card, Crypto.com Visa Card, Venmo Credit Card, BlockFi Rewards Visa Signature Card, Upgraded Bitcoin Rewards Visa Credit Card, and SoFi Credit Card were collected exclusively by The Points Guy establish. The card details on this page have not been reviewed or provided by the card issuer.
Bottom line
If you’re interested in earning cryptocurrency, research the supported currencies, annual fees, and earning rates associated with the card you’re considering. Remember that Cryptocurrencies carry special risksso it’s likely that your rewards become worth less and less over time.
Additionally, there is evidence that the momentum around cryptocurrency has slowed, so a crypto credit card may not be the best option out there for earning rewards on your purchases. If you’re not interested in cryptocurrency or want to earn rewards like points, cashback, or airline miles, check out our list of best credit card to find a card that better suits your needs.
Related: Credit cards with the best rewards
