UPGRADE YOUR FINANCES WITH BITCOIN REWARDS AND SAVINGS WITH FOLD
Fold is a publicly traded bitcoin financial services platform that makes it easy to integrate bitcoin into your life. Build bitcoin savings with cashback bitcoin rewards and multiple buying options, including direct deposit conversions.
Cash back has been a popular reward on traditional credit cards for years. However, crypto credit cards are bringing something new to the market, allowing you to earn cash back in the form of cryptocurrency. While the crypto winter saw several options disappear from the market, there are still a few available to earn crypto cash back as you swipe on everyday purchases.
Your options for crypto credit cards are limited, but we have curated the top crypto credit cards in the market.
Fold is a financial services platform centered around bitcoin. You can buy bitcoin, get paid in bitcoin, manage your bitcoin savings and earn bitcoin cash back — all in one place. Even paying your mortgage and other credit cards through Fold can earn you some BTC.
While the Fold Bitcoin Rewards credit card isn’t out quite yet, you can join a waitlist and become eligible to win prizes valued at a combined $200,000.
A Fold+ membership gets you all the benefits of the Bitcoin Rewards credit card, plus zero-fee bitcoin buys and sells, ACH bill pay rewards and exclusive gift card rewards. Fold also offers a prepaid debit card where you can earn even more bitcoin cash back.
The Gemini credit card was launched in 2022 by Gemini, a popular regulated cryptocurrency exchange platform and custodian bank. The crypto credit card supports 50+ cryptocurrencies and allows you to select and change the crypto reward type.
Gemini cardholders get their rewards deposited in their Gemini exchange account in real time with the instant reward transfer feature. Plus, if you’re approved for the card by June 30, 2025, you can earn a $200 bonus in crypto by spending $3,000 on the card in your first ninety days.
Venmo allows you to earn cash back from your spending, giving you rewards on bills and utilities. The credit card offers a flexible reward program where you can accept traditional cashback rewards or convert them into crypto. Your crypto options on Venmo include bitcoin (BTC), litecoin, ethereum (ETH) and bitcoin cash.
To acquire a Venmo credit card, you need to open and maintain a Venmo account for at least 30 days.
Rewards are transferred to your account at the end of the month, and you can auto-purchase the selected crypto without transaction fees.
Crypto credit cards have declined in the last few years because of the volatility of the cryptocurrency market, regulatory challenges and the collapse of major exchanges like FTX.
During the crypto winter of 2022, some crypto credit cards were discontinued, while other promised launches never made it to the market. We’ve listed the most notable discontinued crypto credit cards and why they are no longer available.
Crypto credit cards work like traditional credit cards, but users can earn crypto as a cashback reward.
Once you’ve chosen a crypto credit card and opened an account, you’ll earn crypto rewards for eligible purchases like groceries, gas or dining.
Crypto credit card companies have different reward payout methods and rates. Some offer accrued monthly rewards, like Venmo’s 3% back on the top monthly spend, while others are per transaction, like Gemini’s 3% back on gas.
Before choosing a crypto credit card, research and compare based on your priorities, spending habits and reward preferences. Consider the following:
Typical crypto credit card fees you should expect include:
It depends on your financial goals. A crypto credit card might be for you if you’d like to potentially increase your crypto holdings and you frequently make purchases in top-earning categories, like gas and dining.
However, crypto credit cards — like traditional credit cards — can affect your credit score depending on factors like your payment history and credit utilization. Plus, because cryptocurrency values can fluctuate so rapidly, the worth of your cashback rewards may increase or decrease at any time.
With a crypto credit card, you can earn cryptocurrency as a cashback reward and potentially increase your crypto holdings through everyday purchases. But like any crypto product, do your research and read the fine print before deciding if getting a crypto credit card matches your financial goals.
And if you’re new to crypto investing or want to explore different platforms, checking out the best crypto exchanges is a great place to start.
Some exchanges allow you to buy crypto with a credit card, like Binance, while others do not. However, just because the platform allows it doesn’t mean your credit card provider will — so make sure to check if they allow cryptocurrency purchases. Also, be aware of the risks involved and the potentially higher fees attached to credit card payments.
The best crypto credit card depends on how your financial goals line up with what the card provides. For example, if you want the ability to add authorized users to your account, Gemini allows you to add up to five family members.
The crypto card issuer determines the spending limit, and the total limit varies among providers. However, it typically ranges from $200 to $1000.
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