Bitcoin Rewards Credit Card. The BlockFi Bitcoin Rewards Credit Card offers 1.5% back on every purchase you make in the form of Bitcoin. The credit card comes with some special benefits too. The BlockFi Bitcoin Rewards Visa Credit Card is an innovative rewards credit card that’s great for moderate to heavy spenders seeking exposure to the Bitcoin market. You get a $250 in bitcoin sign-up bonus for spending $3,000 in your first month and get a special 3.5% bitcoin cashback reward during months 4-6 of owning a card. Hopefully this pushes BlockFi to release some details about their upcoming credit card. You’re also eligible for an additional Bitcoin bonus worth $250 if you spend at least $3000 within the first 90 days of activating the card. For me, credit cards will always outclass debit cards for security reasons. BlockFi is the first company to launch a Bitcoin rewards credit card, a Visa credit card that earns 1.5% back in bitcoin on every purchase. The Blockfi Bitcoin Rewards Credit Card is a new credit card that will allow users to get 1.5% back in Bitcoin with each spend. In early 2021, BlockFi launched the world’s first credit card that offers cryptocurrency instead of more traditional forms of credit card rewards. Blockfi badly needs some bonus interest to compete with Celsius, card or no card, but giving bonuses with the card would create an incentive to use both the card and the platform. ... Withdrawal fees. BlockFi Credit Card Review: Immediate 1.5% cashback in bitcoin gained on every transaction with an annual fee to hold the credit card is $200 A waitlist is available, but the card doesn’t look too exciting at a 1.5% earn rate (plus a substantial annual fee). The BlockFi Bitcoin Rewards credit card isn’t all that different from standard cash-back cards such as the Citi® Double Cash Card or the Chase Freedom Unlimited. While BlockFi’s Bitcoin rewards credit card isn’t available until spring 2021, you can join the waitlist to reserve your spot for the pioneer Bitcoin rewards credit card. BlockFi Bitcoin Rewards Credit Card. Spend heavily enough to offset the annual fee and you’ll make out well with this card. BlockFi credit cards can be used anywhere Visa cards are accepted. The standard card will ship with a 1.5 percent reward rate on eligible purchases. These cards earn 2% (1% when you make purchases, 1% when as you pay your bill) and 1.5% back, respectively, on general everyday purchases. The idea of bonus interest is pretty interesting. One notable disadvantage of the BlockFi Bitcoin Rewards card is the steep annual fee of $200. Update 12/01/20: BlockFi is stating the card will be released in early 2021. If they do that, there might be some min/maxing that can make a card with a large annual fee work. The card is a Visa, … Rewards credit card.
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