By : 
Mr Credit Card
Mr Credit CardThere are very few crytocurrrency credit cards available for consumers today. However, those that are available allow you to earn rewards in cryptocurrencies rather than fiat currency while at the same time allowing to to spend and pay in fiat currency (USD). Some of these crypto credit cards are issued by exchanges themselves whilst other are not. Crypto credit cards issued by exchange offers you the convenience of being able to have your crypto rewards deposited directly into your account with the crypto exchange where you are either store it or transfer to an external wallet. Below are our best recommendations and cryptocurrency credit card we would recommend.
KEY FEATURES
BlockFi is a crypto exchange and the rewards that you earn on this card will be automatically deposited into your BlockFi account. This card has a flat rate reward structure. You will earn 1.5% back in cryptos (you can choose any crypto which is traded on BlockFi - not just Bitcoin) for the first $50,000 in annual spending. When your annual spending exceeds $50,000, you will earn 2% back in cryptos. You can choose any crypto which you want to earn as your reward. However, you can only one and not multiple cryptos. Crypto rewards are deposited in your account every second Friday of the month.
BlockFi offers a sign up bonus where you can earn 3.5% back in cryptos for the first 3 months. Cardholders will also get 0.25% back in Bitcoin on all trades and even allows you to earn $30 in bitcoin when you refer a friend. Like all crypto credit cards, BlockFi has no annual fee nor does it have any foreign transaction fee.
SHORTCOMINGS
The BlockFi credit card does not allow cash advances or balance transfers.
KEY TERMS
Annual Fee - $0
Regular APR - 14.99% - 24.99%
Crypto Rewards - 1.5% back in cryptocurrencies for the first $50,000 in annual spending. Earn 2% back when annual spending exceeds $50,000.
Foreign Transaction Fee - 0%
Where are cryptos deposit - Into your BlockFi account.
Read our review of the BlockFi Credit Card
KEY FEATURES
Gemini is a crypto exchange and their credit card allows you to earn crypto rewards which are deposited into your Gemini account. Gemini credit cards allow you to earn 3% back for dining, 2% back at the groceries and 1% back on all other regular purchases. The unique feature of Gemini credit card is the the crypto rewards you earn are immediately deposited into your account immediately after your purchase. You can use your card instantly after you are approved because it can immediately load it into your digital wallet.
Like all crypto credit cards, Gemini has no annual fee nor does it have any foreign transaction fee.
SHORTCOMINGS
Gemini does not offer any sign up bonuses or trading bonuses like BlockFi.
KEY TERMS
Annual Fee - $0
Regular APR - 12.99% - 23.99%
Crypto Rewards - 3% back on dining, 2% back on groceries and 1% back on all other regular purchases.
Foreign Transaction Fee - 0%
Where are cryptos deposit - Into your gemini account.
Read our review of the Gemini Credit Card
KEY FEATURES
SoFi is not a crypto exchange. Rather, it is a FinTech loan and investment platform company. The SoFi credit card requires you to have a relationship with SoFi either through their loan or a savings and investment account. You can earn 2% cash back on all purchases and redeem the cash back into your savings or investments account and even to help pay off your SoFi Loan. SoFi also has a crytocurrency investment account where you can redeem your cash back to and purchase cryptocurrencies. Like other crypto credit cards, the SoFi credit card does not charge any annual fee nor does it charge any foreign transaction fee.
SHORTCOMINGS SoFi is not a crypto exchange so any purchase or crypto rewards in your SoFi crypto investment account cannot be transferred to a private wallet.
KEY TERMS
Annual Fee - $0
Regular APR - 12.99% - 24.99%
Crypto Rewards - 2%. Can only purchase Bitcoin and Ethereum in your SoFi crypto account.
Redemption Options - Cryptos credited to SoFi Crypto Accounts, Fractional Shares credited to SoFi Invest Account, Cash Deposited into SoFi Money Account, Cash back applied to SoFi personal loans or student loan refinance.
Foreign Transaction Fee - 0%
Read our review of the SoFi Credit Card
KEY FEATURES
The Upgrade Bitcoin Rewards Card does not work like a traditional credit card. Instead it works like a personal loan when you use the card whereby the balance has to be paid back within a certain period at a fixed rate and fixed monthly payment. In fact, it is reported to the credit bureaus as a personal loan. However, unlike personal loans, you can earn bitcoin rewards. You will earn 1% back in bitcoins and they can be redeemed for statement credits.
SHORTCOMINGS The bitcoins that you earn are not deposited in any crypto exchange. Rather it is held (serviced by NYDIG) until you decide to redeem it for a statement credit at that prevailing bitcoin price. A 1.5% transaction fee will be charged when you redeem your bitcoins for statement credits. You also do not earn your Bitcoin rewards immediately. Rather, the bitcoins will be purchases 1-2 statement period after the first payment on the purchase you made.
KEY TERMS
Annual Fee - $0
Regular APR - 8.99% - 29.99%
Crypto Rewards - 1.5% in Bitcoins only.
Redemption Options - Statement credits
Foreign Transaction Fee - 0%
Read our review of Upgrade Bitcoin Rewards Card