There are many different types of credit and debit cards available on the market, and deciding which is right for you can be challenging. However, if you’re interested in cryptocurrency, several crypto debit and credit cards can give you cashback in the form of crypto.
Here are five of the best crypto credit cards with no annual fees currently available:
1. Gemini Mastercard
The Gemini Mastercard is an excellent choice for those who want to use their cryptocurrency holdings to make everyday purchases. Backed by Mastercard, WebBank issues the card.
It’s also one of the few crypto-friendly credit cards that don’t require any fees. Additionally, you’ll earn up to 3% in crypto cash back rewards on all purchases redeemable in Bitcoin, Ethereum, and 60+ Gemini-listed coins.
It provides tight integration with the trusted Gemini exchange platform. In addition, the recent Mastercard and crypto collaboration will leave consumers feeling safe by taking advantage of the Mastercard Crypto Secure initiative.
2. BlockFi Rewards Visa® Signature Credit Card
The BlockFi Rewards Visa® Signature Credit Card is another solid option for those seeking crypto cashback on everyday purchases. Issued by Evolve Bank & Trust and backed by Visa and BlockFi.
It offers a generous rewards program, giving you a base 1.5% back in the form of Bitcoin to your BlockFi interest account on all purchases. The base cashback is higher than the Gemini Mastercard, which is 1%. In addition, it offers a chance to earn free Bitcoin by surpassing spending amount limits.
3. Upgrade Bitcoin Rewards Visa® Credit Card
The Upgrade Bitcoin Rewards Visa® Credit Card is another choice for those who want to earn Bitcoin cashback rewards on everyday purchases. Issued by Sutton Bank and backed by Visa.
It offers a generous rewards program, giving you 1.5% back in the form of Bitcoin on all purchases. Consumers can earn unlimited Bitcoin rewards but must pay off their statements before seeing any Bitcoin.
The trading platform NYIG will buy the crypto as you make payments and deposit the assets into a digital wallet.
4. SoFi Credit Card
The SoFi Credit Card was among the first to make it into the crypto cashback rewards market in 2021 alongside Gemini. Issued by SoFi Securities LLC and backed by Visa. It offers a competitive rewards program, giving you a base of 2 SoFi rewards points for every $1 on all purchases.
These rewards are redeemable at a conversion of .05-1 cent for every point. Unfortunately, the digital currency options are limited to Bitcoin and Ethereum. Additionally, it has a handy cell phone insurance benefit.
5. Nexo Mastercard
The Nexo Mastercard is a unique choice for those who want to use their cryptocurrency holdings to make everyday purchases without selling their crypto. Issued by Nexo Bank Ltd. and backed by Mastercard.
It grants the ability to access money borrowed using cryptocurrency holdings as collateral instantly. Users can start utilizing that money as soon as the loan is approved, eliminating the need to wait days for the borrowed funds to appear in a bank account.
It is only available to borrowers on the Nex platform and includes options such as instant freeze. In addition, it supports 17 cryptocurrencies, and forty million merchants worldwide accept it.
There are many different crypto credit cards available on the market today. However, not all of them are created equal. For example, some offer better rewards programs, while others have lower interest rates.
So, if you’re looking for a way to spend or earn cryptocurrency, carefully review the credit card rewards and interest rates before selecting. But with one of these cards listed here, you’ll be able to take advantage of cryptocurrency.