For those who view cryptocurrency as a promising long-term investment, crypto credit cards offer an intriguing way to accumulate digital assets through everyday spending. These cards, issued by various financial and crypto-focused companies, allow you to earn rewards in the form of Bitcoin, Ethereum, and other cryptocurrencies.
However, it’s essential to understand that cryptocurrency is a volatile asset class. The value of your rewards can fluctuate significantly, so these cards are best suited for those comfortable with market risks. If you're new to crypto, take time to learn the basics before diving in.
Below, we explore some of the most popular crypto credit cards available today, along with their rewards structures, benefits, and key considerations.
Top Crypto Credit Cards Available Today
Gemini Credit Card
The Gemini Credit Card is a no-annual-fee Mastercard that offers competitive rewards rates:
- 4% back on gas and EV charging (up to $200 per month, then 1%)
- 3% back on dining
- 2% back on groceries
- 1% back on all other purchases
Rewards can be redeemed into any of the 50+ cryptocurrencies supported on the Gemini exchange, including Bitcoin, Ethereum, Litecoin, and various stablecoins. This card is widely regarded as user-friendly and cost-effective, making it a solid choice for both beginners and experienced crypto users.
Crypto.com Visa Card
The Crypto.com Visa Card is another no-annual-fee option, but its rewards structure is tier-based and requires holding the platform’s native token, Cronos (CRO). The more CRO you stake, the higher your rewards and benefits:
- Basic tier (no stake): No rewards
- Mid-tier ($400+ in CRO): 1%–5% cashback on spending
- Top-tier ($400,000 in CRO): 100% rebates on Spotify, Netflix, and Amazon Prime, plus lounge access and travel perks
This card is best for those already invested in the Crypto.com ecosystem who can commit to holding significant amounts of CRO.
Venmo Credit Card
The Venmo Credit Card offers flexible rewards that can be converted into cryptocurrency:
- 3% back in your top spending category
- 2% in the second-highest category
- 1% on all other purchases
Supported cryptocurrencies include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PayPal USD. Rewards are automatically redeemed into your chosen crypto at the end of each billing cycle. Note that conversion spreads apply, slightly reducing the value of your rewards.
Discontinued Crypto Credit Cards
The crypto credit card landscape has shifted over time. Several previously popular cards are no longer available:
- BlockFi Rewards Visa: Once offered crypto rewards but is now closed to new applicants.
- Upgrade Bitcoin Rewards Visa: Previously provided Bitcoin on all purchases but has discontinued applications.
- SoFi Credit Card: Removed the option to convert rewards into crypto in 2023.
These changes reflect broader market adjustments and regulatory developments. Always verify a card’s current status before applying.
Is a Crypto Credit Card Right for You?
Crypto credit cards can be rewarding if you’re bullish on digital currencies and spend regularly in high-reward categories. However, they come with unique risks:
- Volatility: Crypto rewards can lose value quickly.
- Complexity: Some cards require staking or have complex tier systems.
- Limited Availability: Supported cryptocurrencies vary by card.
If you prefer stability, traditional cash-back, points, or miles cards may be more suitable. 👉 Compare reward card options
Frequently Asked Questions
What is a crypto credit card?
A crypto credit card lets you earn rewards in cryptocurrency instead of cash, points, or miles. You can often choose from a range of supported digital currencies.
Are crypto credit cards safe?
While the cards themselves are issued by regulated banks, the rewards are subject to market volatility. Your crypto holdings are not FDIC-insured.
Can I use crypto rewards to pay my bill?
Most cards don’t allow direct bill payment with crypto. Instead, you redeem rewards into a crypto wallet, where you can hold, trade, or sell them.
Do crypto credit cards have annual fees?
Many popular options have no annual fee, but some premium tiers (e.g., Crypto.com’s highest tier) require substantial crypto holdings.
Which cryptocurrencies can I earn?
It varies by card. Common options include Bitcoin, Ethereum, and Litecoin, but some cards support dozens of currencies.
Is now a good time to get a crypto credit card?
If you believe in the long-term potential of cryptocurrency and can tolerate risk, these cards can be a useful earning tool. Otherwise, consider traditional rewards cards.
Final Thoughts
Crypto credit cards offer a modern twist on rewards spending, but they’re not for everyone. Before applying, research each card’s earning structure, supported currencies, and potential risks. And remember, the crypto market is unpredictable—what you earn today could be worth more or less tomorrow.
If you’re ready to explore further, 👉 discover more strategies for maximizing rewards. Whether you choose crypto or conventional rewards, always spend responsibly and within your means.