BlockFi Bitcoin Rewards Credit score Card Overview

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Our take: The BlockFi Rewards Visa Signature Credit score Card is a cryptocurrency rewards card that earns 1.5% in bitcoin for each buy. Nevertheless, you possibly can’t convert your rewards into cryptocurrency instantly. BlockFi will convert your rewards to bitcoin month-to-month. If you happen to’re into cryptocurrency — significantly Bitcoin — this card is perhaps a good selection.

  • Rewards

  • Charges

  • Options

  • Cryptocurrencies Supported

How did we calculate this?

Execs

  • No annual payment
  • No overseas transaction charges
  • Welcome supply of three.5% again in bitcoin rewards within the first 90 days
  • Further 2% APY on stablecoin holdings in a BlockFi Curiosity Account

BlockFi Rewards Visa Signature Credit score Card Overview

The BlockFi Bitcoin Rewards bank card is likely one of the first cryptocurrency bank cards in the marketplace. The cardboard allows you to earn Bitcoin rewards, fairly than money again or miles, on each buy. Purchases made with the BlockFi bank card earn 1.5% again in bitcoin, deposited to your BlockFi account month-to-month.

The cardboard affords an introductory bonus of three.5% again on all purchases within the first 90 days of possession. Nevertheless, the rewards are capped at $100 in bitcoin. The cardboard additionally affords 2% again for each greenback over $50,000 spent per 12 months. Plus, cardholders with stablecoins in a BlockFi Curiosity Account can earn an extra 2% annual proportion yield on their eligible stablecoin stability.

With the BlockFi bank card, you’ll additionally earn 0.25% again on all eligible cryptocurrency trades with BlockFi, which may go as much as $500 in bitcoin per thirty days. What’s extra, there’s a refer-a-friend bonus of $30 in bitcoin for each individual you discuss with BlockFi.

Rewards and Options

BlockFi Rewards

The BlockFi Bitcoin Rewards bank card affords a number of rewards, together with the next:

  • Signal-up bonus: The cardboard at present affords a 3.5% sign-up bonus for all purchases within the first 90 days of card membership, capped at $100 in bitcoin.
  • Earn bitcoin on all purchases: After the primary three months of card possession, you’ll earn 1.5% in bitcoin again on all purchases.
  • Earn again on trades: For all eligible trades with BlockFi, you’ll earn 0.25% again, as much as $500 in bitcoin every month.
  • Spend bonus: For each greenback you spend over $50,000 per 12 months, earn 2% again in bitcoin.
  • Refer-a-friend bonus: Earn $30 in bitcoin for each shopper you discuss with BlockFi.
  • Further curiosity: Earn an additional 2% APY in your stablecoin holdings in a BlockFi Curiosity Account, for as much as $200 in bitcoin.

Rewards accrue in your BlockFi account and are robotically transformed to bitcoin every month.

Visa Card Advantages

Along with BlockFi rewards, there are a number of different Visa card advantages, together with entry to the next sorts of perks:

  • Luxurious motels
  • Visa Signature Concierge Service
  • Tremendous meals and wine occasions
  • Premium automobile rental service
  • Procuring

Charges

  • No annual payment
  • No overseas transaction charges

Curiosity Charges

  • 14.99% to 24.99% annual proportion charge
  • Further 2% APY on eligible stablecoin stability in a BlockFi Curiosity Account

Rivals

BlockFi Bitcoin Rewards Credit score Card vs. SoFi Credit score Card

The SoFi Credit score Card is one other no annual payment card you might wish to think about. It affords 2% money again on eligible purchases which you could redeem towards saving, investing or paying down a mortgage with SoFi.

Though the SoFi bank card doesn’t have a sign-up bonus, you’ll be higher off with the two% limitless money again. Plus, the cardboard comes with Mastercard advantages, together with free annual ShopRunner membership, a three-month free trial of DoorDash DashPass and a $5 Lyft credit score for each three rides, as soon as per thirty days.

BlockFi Bitcoin Rewards Credit score Card vs. Improve Bitcoin Rewards

Just like the BlockFi bank card, Improve Bitcoin Rewards has no annual payment and allows you to earn an infinite 1.5% in bitcoin for each buy made. Nevertheless, this card doesn’t have a welcome supply — however you possibly can redeem your rewards for an announcement credit score. With this card, you’re additionally restricted to Bitcoin as the one out there cryptocurrency.

BlockFi Bitcoin Rewards Credit score Card vs. Gemini Credit score Card

Together with no annual payment and no overseas transaction charges, the Gemini Credit score Card affords extra advantages than the BlockFi Bitcoin Rewards bank card. With the Gemini card, you possibly can convert your rewards in actual time and also you’re not solely restricted to Bitcoin — you possibly can convert your rewards to over 40 cryptos. You’ll additionally earn 3% again on eating, 2% again on groceries and 1% again on all different purchases.

Is the BlockFi Bitcoin Rewards Credit score Card Proper for You?

The query of whether or not the BlockFi Bitcoin Rewards bank card is best for you completely relies on your wants. If you happen to’re on the lookout for a rewards bank card that earns you bitcoin, this card is perhaps an amazing selection. However if you wish to earn rewards which you could convert to different cryptocurrencies, you might wish to take a look at different alternate options.

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In regards to the Writer

Lydia Kibet has been writing professionally since 2017. Her ardour for serving to manufacturers in all points of content material advertising flows by way of within the professional trade protection she supplies — private finance, investing and healthcare. Her work has been featured in The Motley Idiot, Investor Junkie, Inexperienced Market Report, and Medical Information At the moment. When she’s not writing, she’s both studying, enjoying guitar or catching up with nature. Comply with her on Twitter.

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