Crypto Credit Cards: Which Cards offer the best rewards?
It can be tough to hold crypto right now. The bear blitz has decimated market confidence, forcing realignments. The good news is that crypto as an industry is here to stay, and the role of cryptocurrencies will always be significant in creating a balanced ecosystem.
With the advantages of crypto clear for everyone, exciting products like crypto credit cards with rewards have taken root. Like traditional credit cards, these cards reward users with cryptocurrencies whenever they spend.
The reward received, however, will vary between providers. This is keeping in mind that there are thousands of cryptocurrencies, and individual providers can, at their discretion, choose to mint their digital assets, distributing them to users.
Top 3 Crypto Credit Card Providers offering High Rewards
If you are looking to acquire a crypto credit card, these are the top three providers offering the highest rewards for purchases:
BlockFi Credit Card
The regulated money market allows lenders to deposit their crypto and earn a high yield. At the same time, borrowers can take loans with their digital assets acting as collateral. The BlockFi credit card offers an unlimited 1.5 percent back in Bitcoin for every purchase. At the end of the month, rewards in BTC are deposited into the BlockFi’s Interest account. Besides the yield, BlockFi doesn’t charge annual or FX fees.
Gemini Credit Card
Gemini is one of the world’s largest cryptocurrency exchanges. The card offers three percent cash back on dining, two percent cash back on groceries, and one percent cash back on all other purchases. Unlike BlockFi, rewards can be distributed in any of the over 40 digital assets listed on the trading platform.There are many types of crypto credit cards on the market. Depending on your needs, there are several options to choose from. Read the benefits here: Click To Tweet
Nexo Credit Card
Nexo is a regulated crypto lending and borrowing platform. Holders of the Nexo Credit Card receive a two percent back on all purchases distributed in any digital assets supported by the platform. There are no annual fees, and the card is packed with safety features like the ability to freeze transactions in a single tap.
Cryptocurrencies are inherently designed to be money, a medium of exchange. The above providers are only a few of the many who help drive crypto adoption, opening up more opportunities.
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Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies.