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6 Best Credit Cards With Crypto Rewards in 2022

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Over the past decade, the cryptocurrency space has gained a lot of traction. Digital currencies have slowly evolved to become a common alternative payment method. They have even found their way into the credit card world, with several cards offering rewards in the form of various cryptocurrencies.

Cryptocurrency credit cards function like traditional rewards credit cards. The only difference is that you earn cryptocurrency rewards on your everyday spending instead of cash back, points or miles. The reward rates and the types of digital currencies available vary by card.

6 Credit Cards That Offer Crypto Rewards

Earning crypto rewards with credit card spending is a low-risk way to grow your stash. Here are some crypto credit cards that can earn you rewards whenever you spend.

1. Gemini Credit Card

The Gemini credit card is an excellent choice for anyone looking to earn crypto rewards. With no annual fee or foreign transaction fees, the card offers rewards on all purchases, at rates that vary depending on your spending habits. The rewards are available in real time in Bitcoin or any of the over 60 cryptocurrencies available on Gemini.

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You can enjoy the following rewards:

Additionally, both new and current cardholders can earn a limited edition NFT by making $1,500 in qualifying purchases, setting up a Nifty Gateway account and linking it to their Gemini account by Dec. 16.

The Gemini credit card is available in all 50 states, and you can spend anywhere that accepts Mastercard. Plus, the cards are available in sleek metal designs of your choice: black, silver and rose gold. Just be sure to pay your bill on time — the penalty rate is a steep 32.24%.

2. BlockFi Rewards Card

The BlockFi Rewards Card is another great choice for earning rewards. This credit card also comes with no annual fee and no foreign transaction fees. It offers several rewards in the form of Bitcoin, Ethereum or one of more than 15 other supported cryptocurrencies:

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BlockFi’s Visa Signature credit card also comes with added benefits like up to 10% back at thousands of restaurants and retail brands, plus access to Visa’s luxury hotels, shopping, fine food and wine, sporting events and more.

3. SoFi Credit Card

The SoFi credit card not only earns you rewards but also lets you redeem them for cryptocurrency straight into your SoFi Active Invest account. Whether you’re looking to save, invest or pay down debt, a SoFi credit card might be a good fit. Like most cryptocurrency credit cards, there are no annual fees or foreign transaction fees, but you will pay a fee for cryptocurrency transactions other than rewards redemption.

The card earns 2 points per $1 spent, equal to 2% cash back on every eligible purchase. Points can be redeemed toward saving, investing or paying down a loan with SoFi. This can be boosted to 3% if you also sign up for direct deposit. You can also redeem rewards for a statement credit, but the reward drops to 1%.

A current promotion will credit you with $300 if you receive $5,000 or more in direct deposits in the 30-day evaluation period. Rewards of $100 and $50 are also available for direct deposits of $2,000 to $4,999 or $1,000 to $1,999, respectively.

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4. Upgrade Bitcoin Rewards Card

With the Upgrade Bitcoin Rewards card, you’ll get an unlimited 1.5% back in Bitcoin when you pay down your purchases on the card. Upgrade occasionally offers bonus rewards for cardholders, such as a $200 bonus for opening a Rewards Checking account and making three debit transactions. The card has credit lines from $500 to $25,000 available.

Once you sell your cryptocurrency, you’ll incur a 1.5% transaction fee, and you can only receive the proceeds in the form of a statement credit. The Upgrade card has no annual fee and no foreign transaction fees. It also has additional benefits that come with Visa, similar to BlockFi.

5. Brex Credit Card

Designed for business startups, the Brex card is another credit card that earns cryptocurrency rewards with no annual fees. You can redeem an unlimited number of points for Bitcoin and Ethereum at a rate of $7 worth per 1,000 Brex points, but you can also redeem points for cash, travel, gift cards or statement credits. The Brex Credit Card has no annual fee.

The Brex card offers point earnings across a wide range of categories:

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6. Venmo Credit Card

The Venmo credit card lets you earn rewards on your everyday spending: 3% back on your top spending category, 2% back on your next spending category and 1% back on everything else. You can then use the cash back to auto-purchase the cryptocurrency of your choosing. When you opt for the auto-purchase feature, you won’t incur a transaction fee. This card also has no annual fee.

You can also use your rewards for a statement credit or peer-to-peer payments. The card comes with a unique QR code you can send to friends to make getting paid quick and easy.

Takeaway

If you’re a cryptocurrency enthusiast, using a crypto credit card can passively earn rewards that you can redeem as a digital currency. Like any other financial product, there’s no one-size-fits-all cryptocurrency credit card. No matter the card you choose, it’s important to read the terms and conditions carefully to ensure that you get one that fits your spending needs. Also, ensure you understand the available redemption options before you commit to one.

Cynthia Measom, Daria Uhlig and John Csiszar contributed to the reporting for this article.

Information is accurate as of Sept. 14, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.