As cryptocurrencies continue to go mainstream and the economy is incorporating crypto in daily transactions and spending, more people are learning and inventing new ways to use cryptos. Crypto credit cards are one such innovation that can provide users with new opportunities to combine the benefits of a credit card, along with crypto investment. Crypto cards allow to simultaneously spend cryptocurrencies while earning rewards at the same time. In this article, we have listed the top crypto credit cards that crypto enthusiasts can consider using in 2022.
BlockFi credit card has been available since the beginning of Q2 of 2021. This is a card that functions like a cashback card to earn rewards on spending the crypto and reinvesting the earned rewards. The cardholders will be subjected to no annual fees, no foreign transaction fees, and no fees to use the card.
Crypto.com now supports buying and selling of over 100 cryptocurrencies and has had a global reach of about 10 million users since July 2021. This metal prepaid Visa card can get its users 8% back of purchases when they spend crypto using this is Visa-supported card.
The Nexo Mastercard is a physical crypto card that allows users to take crypto loans up to US$2 million on their holdings. The users can insure or secure the loan with the crypto they are currently holding in the wallet, which means they can take a loan whose value is lesser than that of their crypto holdings.
Coinmotion offers the first nordic crypto card on the market. This card allows shoppers to buy from over 29 million marketplaces worldwide, operating just like a regular Mastercard on any online or physical store. The card promises to secure the users' funds in multi-signature storage, making the account virtually uncrackable.
SoFi credit card allows the users to earn back rewards on purchases. It currently supports Bitcoin and Ethereum and levies no additional annual fees or foreign transaction fees for its usage.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.