Are you tired of earning points and miles from your spending, then not traveling anywhere? A crypto rewards card can be a welcome alternative, especially if you’re interested in diversifying your investment portfolio with cryptocurrency assets. Like other cards, crypto cards offer different benefits depending on the card and issuer.
Here’s what you need to know about the benefits of crypto cards if you’re thinking about adding one to your wallet.
What Are the Benefits of a Crypto Card?
While crypto card benefits vary, these cards may offer several perks. Many crypto cards offer cryptocurrency rewards for your spending, the ability to earn sign-up bonuses, and staking rewards. Depending on the card you choose, you may also see additional perks like airport lounge access and the option to get reimbursed for things like subscriptions and services.
How Crypto Credit Card Benefits Work
Certain crypto cards work similarly to cash back cards, offering a specific rewards rate for your spending. For instance, the BlockFi Rewards Visa Signature Card lets you earn a flat-rate 1.5% back in crypto on all your purchases. You can choose to earn rewards in the form of any supported currencies on the BlockFi crypto exchange, including stablecoins.
Some cards, like the Gemini Credit Card, let you earn tiered rewards in specific categories—3% on dining purchases, 2% on groceries, and 1% back on everything else. If your goal is to build your crypto portfolio, a card that offers crypto rewards based on everyday spending could help you do so almost effortlessly.
Crypto cards may also offer welcome bonuses like a higher rewards rate for a set period or a bonus for meeting a certain minimum spend. For example, new BlockFi cardholders earn 3.5% back in crypto (up to $100) for the first three months of card membership.
Some cards may require that you stake some of your cryptocurrency to earn additional rewards. Crypto.com’s tiered cards are one example—cardholders can stake a certain USD amount of Cronos (CRO) to earn rewards. The higher your card tier and the larger your CRO stake, the higher your CRO rewards. With Crypto.com’s highest card tiers, you’ll see additional benefits like LoungeKey airport lounge access and reimbursement for common subscriptions and services, like Netflix, Amazon Prime, Spotify, Expedia, and Airbnb.
What to Look for in a Crypto Credit Card
Before choosing a card, it’s a good idea to compare options and decide which benefits are most important to you. If you dine out often, for example, you may want a card that offers a higher rewards rate for restaurant purchases. Someone else might need a card that has no annual or foreign transaction fees. Others might prefer a business credit card instead of a personal credit card.
Choosing between a debit card and a credit card is another important consideration. Some more major features you may want to consider include: the card’s fixed or variable APR (if you choose a credit card), ATM withdrawal fees (if you choose a debit card), fees (annual fee, foreign transaction fee, late payment fee, etc.), and more.
The Best Crypto Credit Cards
Personal Crypto Rewards Credit Cards
BlockFi Rewards Visa Signature: New cardmembers can earn 3.5% back in cryptocurrency for the first 90 days (up to $100); after that, you’ll get 1.5% back. This card also offers perks like no annual fee, no foreign transaction fee, and an increased earnings rate of 2% when your annual spending exceeds $50,000.
Gemini Credit Card: Gemini cardholders get 3% back on dining, 2% back on groceries, and 1% back on everything else. This card also offers no annual fee, no exchange fees for your crypto rewards, and no foreign transaction fees.
Upgrade Bitcoin Rewards Card: With this card, you get 1.5% back in bitcoin rewards when you make a monthly payment. You’ll also benefit from the option to sell your earned BTC rewards (with a 1.5% transaction fee) and redeem them for statement credits.
SoFi Credit Card: The SoFi card offers unlimited 2% cash back rewards, and cardholders can choose to redeem their rewards for crypto with a SoFi active invest account. There’s also no annual fee and the option to decrease your APR by 1% after 12 on-time monthly payments.
Coinbase Card: If you’d prefer a debit card, the Coinbase Card might fit the bill. This card lets you get up to 4% back on your purchases, and you can choose which cryptocurrency rewards to earn from a rotating list of assets.
Crypto.com Visa Card: Crypto.com offers five card tiers: Midnight Blue, Ruby Steel, Royal Indigo/Jade Green, Frosted Rose Gold/Icy White, and Obsidian. Each tier has its own CRO staking requirements, rewards rates, and unique benefits.
Business Crypto Rewards Credit Cards
dash.fi: If you’d rather have a business credit card, dash.fi’s card is worth considering. dash.fi is the first business credit card to offer cryptocurrency rewards. Cardholders can earn crypto on their digital ad spending, and dash.fi makes it easy to track campaign, account, and network spending under one dashboard.
The Bottom Line on Crypto Rewards Cards
The right crypto rewards card can be a welcome addition to your wallet. Choose whether you want a debit card or personal or business credit card. Look for cards that offer great rewards, minimal fees, and other unique perks and benefits, like subscription reimbursements. And if you opt for a business credit card, consider the dash.fi rewards card. It offers valuable rewards and makes it simple to track your business’s ad spending.