However, this card has an interesting twist: rewards are offered when you pay down your balance, not when you make the initial purchase.
#Gemini credit card upgrade#
With the Upgrade Bitcoin Rewards card, users earn an unlimited 1.5% cash back in Bitcoin. The Upgrade Bitcoin Rewards Visa* was one of the first credit cards made to offer rewards only in Bitcoin. Your crypto is stuck in the SoFi account as long as you have it. You can’t withdraw crypto from a SoFi account or use it for purchases. While this card offers a potentially top-level rewards rate on all purchases, it doesn’t let you use your cryptocurrency like a traditional crypto exchange. Note that SoFi charges up to 1.25% on cryptocurrency trades, which is baked into the trade price. You can redeem your cash back rewards into this account, which is then used to buy or sell any of the 26 supported cryptocurrencies. SoFi Crypto is a standalone investment account. The card includes up to 3% cash back with no annual fee. You can redeem rewards from this card for cash back, stock or fund investments, and cryptocurrency. The SoFi Credit Card* isn’t dedicated to cryptocurrency alone. (Photo by d3sign/Getty Images) SoFi Credit Card
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However, those top benefits require holding a whopping $400,000 in CRO, far beyond what most people could afford or consider. Other perks include up to 100% back on Spotify, Netflix and Amazon Prime subscriptions and complimentary airport lounge access.
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With $400 or more in the CRO currency, the native currency created by, you can earn 1% to 5% back on regular purchases. The basic Midnight Blue tier requires no crypto holdings and doesn’t offer rewards. The card is a bit more complex, with five tiers and varying rewards depending on your cryptocurrency balances. (This is partially due to a major ad campaign with Matt Damon and buying naming rights to the Arena, formerly known as the Staples Center in Los Angeles, California.) The Visa Card* is a no-annual-fee card from one of the best-known cryptocurrency exchanges in the United States. The top rates are paid on stablecoins like USD Coin, while traditional cryptos offer lower rates. Once you get your crypto rewards, you can hold them in a BlockFi interest account that offers modest rates on supported currencies.
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However, the ability to earn rewards in Bitcoin, Ethereum and other cryptocurrencies makes it very different from traditional cash back rewards cards. The flat 1.5% rewards rate puts the card in line with many other flat-rate cash back cards with no annual fees, such as the Chase Freedom Unlimited. The card includes a flat 1.5% rewards rate on all purchases made with the card, and these rewards transfer into more than 15 cryptocurrencies, all supported by the BlockFi credit card. The BlockFi Rewards Visa Signature Card* is a cryptocurrency rewards card from the BlockFi exchange with no annual fee and no foreign transaction fees. Low costs, up to 3% rewards and a connection to the fully-featured Gemini exchange make this card a popular choice for cryptocurrency rewards. Many currencies on the Gemini exchange are eligible for interest when holding the crypto in a Gemini account. You can also cash in with stablecoins such as USD Coin and Gemini dollar. Some of the biggest cryptocurrencies in the Gemini credit card rewards program include Bitcoin, Ethererum, Filecoin, Zcash, Bitcoin Cash, Litecoin, Dogecoin, Tezos, Solana and Polkadot. You can choose to redeem rewards as any of more than 60 supported currencies. The card features 3% back on dining, 2% back on groceries and 1% back everywhere else. The Gemini Credit Card* is a Mastercard-branded product with no annual fee.