Crypto Rewards Credit Cards: Top 7 Credit Cards with Crypto Rewards

List of top 7 credit cards offering crypto rewards

Cryptocurrency has become a mainstream topic in the era of digital coins. We can now find credit cards that are offering crypto rewards. Credit cards with crypto rewards enable you to obtain cryptocurrency like Bitcoin, Ethereum with every purchase you make through that card.

Traditionally credit cards used to give rewards in the form of cash backs, points, shopping offers, etc but now the game has changed with crypto rewards. More and more credit cards now offer rewards in the form of cryptocurrency and it is either directly or by enabling the users to convert their rewards into crypto.

But one thing you have to take into account is that if your crypto of choice is deprecated, your credit card rewards will take a hit too.

Here is a list of the top 7 credit cards offering crypto rewards.

SoFi Credit Card

With SoFi credit card you can obtain 2 points per $1 spent on all purchases. You can redeem those points at a value of 1 cent each when you deposit them into an entitled SoFi account, including a SoFi crypto account. Currently, Bitcoin and Ethereum are the only cryptocurrency redemption options.

For the first-time user, you can earn up to $100 when you open and fund a SoFi Money and a SoFi Invest account after getting approved for the SoFi credit card. The annual fee for your account is $0.

Brex Card

The Brex card, which is targeted towards start-ups, recently added a new redemption option: As of May 12, 2021, cardholders can redeem their Brex rewards for cryptocurrency; specifically, for Bitcoin and Ethereum. The company calls it the first crypto rewards program for businesses. It's worth marking the redemption ratio: 100 points earns 70 cents worth of crypto, for a 0.7 cent value per point. The crypto rewards will be traded through Coinbase, a cryptocurrency exchange platform. Cardholders can also redeem points for statement credit, gift cards, or travel.

If you are opening a Brex card account for the first time you get 30,000 points after spending $3,500, or 50,000 points after spending $9,000 in the first 30 days. The annual fee for your account is $0.

Venmo Credit Card

Users of the Venmo credit card can automatically purchase cryptocurrency using cash-back rewards obtained from their card, with a feature called cashback to Crypto. You can select from four cryptocurrencies to purchase: Bitcoin, Ethereum, Litecoin, or bitcoin cash. Users will then be able to choose to sell or hold their crypto through the Venmo app.

For opting for the feature of auto-purchase of the cashback to the crypto option you don't have to pay any additional transaction fee. But a cryptocurrency-altering spread will be built into each monthly transaction. That means Venmo will charge a small spread (or margin) between the crypto market price and the current exchange rate. You can change which crypto you want to purchase, and the auto-purchase feature can be turned off at any time. The annual fee for this credit card account is $0.

BlockFi Bitcoin Rewards Credit Card

Using this card you can get 1.5% cash back on purchases, which is then converted into bitcoin and held in cardholders' BlockFi account. Users can earn a 2% rewards rate on spending over $50,000 each year. Unlike the SoFi credit card and the Brex Card, the BlockFi Bitcoin rewards credit card earns crypto as its default rewards option. The card started processing in summer 2021. To get approved for it, you'll need good or excellent credit (FICO scores of 690 or higher).

You can get a sign-up bonus of a 3.5% Bitcoin rewards rate for the first 90 days.

Gemini Credit Card

The Gemini credit card users can get a rewards ratio like 3% back on dining, 2% back on groceries, 1% back on all other purchases. Like the BlockFi Bitcoin Rewards card, the Gemini credit card will earn crypto rewards automatically. The rewards are available in bitcoin as well as 30 other cryptocurrencies on Gemini, a cryptocurrency exchange. The card is expected to launch in summer 2021; applicants can add their names to a waitlist.

Unifimoney Visa Credit Card

The company hasn't announced the rewards rate, sign-up bonus, or annual fee. It's expected to launch in fall 2021 in partnership with the U.K.-based Railsbank. Cardholders can earn rewards in bitcoin, gold, or equity investments. The card will be available to Unifimoney customers first; you can sign up on the website.

Upgrade Bitcoin Rewards Card

With the Upgrade Bitcoin Rewards card, you'll earn an unlimited 1.5% back in Bitcoin, but you won't receive the rewards until you pay off your purchases on the card. As you make payments on your purchases, Bitcoin will be purchased on your behalf and held in a wallet provided by NYDIG, a custody and trading platform. You can sell your Bitcoin, after a 90-day holding period, and receive the proceeds in the form of a statement credit. You'll have to pay a 1.5% transaction fee when you sell your Bitcoin.